Franklin Strategic Mortgage Fund (FSMIX)
The investment seeks a high total return relative to the performance of the general mortgage securities market. The fund invests at least 80% of its net assets in mortgage securities. It invests significantly in mortgage securities that are issued or guaranteed by the U.S. government, its agencies or instrumentalities, which include mortgage pass-through securities representing interests in "pools" of mortgage loans issued or guaranteed by the Government National Mortgage Association, Fannie Mae, and Freddie Mac. The fund may invest up to 15% of its net assets in foreign securities, which may include non-U.S. dollar denominated foreign mortgage securities.
Fund Info
| ISIN | US35471H1086 |
|---|---|
| CUSIP | 35471H108 |
| Issuer | Franklin Templeton |
| Inception Date | Feb 1, 1993 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
FSMIX has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Strategic Mortgage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Strategic Mortgage Fund had a return of -2.70% year-to-date (YTD) and -1.56% in the last 12 months. Over the past 10 years, Franklin Strategic Mortgage Fund had an annualized return of 0.64%, while the S&P 500 had an annualized return of 10.70%, indicating that Franklin Strategic Mortgage Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.70% | 8.61% |
| 1 month | -0.62% | -0.45% |
| 6 months | 4.04% | 18.66% |
| 1 year | -1.56% | 25.25% |
| 5 years (annualized) | -1.04% | 12.50% |
| 10 years (annualized) | 0.64% | 10.70% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.36% | -1.50% | 0.80% | -3.07% | ||||||||
| 2023 | -2.14% | 4.83% | 4.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMIX is 2, indicating that it is in the bottom 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Franklin Strategic Mortgage Fund(FSMIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Strategic Mortgage Fund (FSMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Strategic Mortgage Fund granted a 3.35% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.24 | $0.19 | $0.17 | $0.21 | $0.31 | $0.33 | $0.31 | $0.23 | $0.24 | $0.35 | $0.42 |
Dividend yield | 3.35% | 3.10% | 2.45% | 1.86% | 2.23% | 3.35% | 3.66% | 3.33% | 2.46% | 2.50% | 3.69% | 4.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Strategic Mortgage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.04 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Strategic Mortgage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Strategic Mortgage Fund was 17.61%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current Franklin Strategic Mortgage Fund drawdown is 11.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.61% | Feb 8, 2021 | 684 | Oct 25, 2023 | — | — | — |
| -12.13% | Jan 16, 2008 | 215 | Nov 20, 2008 | 194 | Aug 31, 2009 | 409 |
| -4.69% | Mar 10, 2020 | 8 | Mar 19, 2020 | 49 | May 29, 2020 | 57 |
| -3.73% | May 3, 2013 | 78 | Aug 22, 2013 | 106 | Jan 24, 2014 | 184 |
| -3.18% | Apr 9, 1999 | 88 | Aug 10, 1999 | 33 | Sep 24, 1999 | 121 |
Volatility
Volatility Chart
The current Franklin Strategic Mortgage Fund volatility is 2.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.