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
US35471H1086
35471H108
Feb 1, 1993
$1,000
Expense Ratio
FSMIX has an expense ratio of 0.75%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
FSMIX
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FSMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.30% | 0.00% | 0.30% | ||||||||||
| 2024 | -0.37% | -1.50% | 0.81% | -3.08% | 1.93% | 1.20% | 2.52% | 1.58% | 1.15% | -2.85% | 1.20% | -1.65% | 0.74% |
| 2023 | 3.05% | -2.38% | 1.81% | 0.62% | -0.88% | -0.49% | -0.27% | -0.76% | -2.83% | -2.15% | 4.83% | 4.11% | 4.39% |
| 2022 | -1.55% | -1.00% | -2.60% | -3.10% | 0.80% | -1.36% | 2.91% | -3.12% | -4.46% | -1.58% | 3.67% | -0.50% | -11.54% |
| 2021 | 0.14% | -0.49% | -0.70% | 0.48% | -0.29% | 0.07% | 0.69% | -0.28% | -0.28% | -0.32% | -0.08% | -0.26% | -1.34% |
| 2020 | 0.89% | 0.98% | -1.03% | 0.33% | 1.29% | 0.10% | 0.08% | 0.49% | -0.08% | 0.02% | 0.14% | 0.37% | 3.62% |
| 2019 | 0.86% | -0.14% | 1.50% | -0.02% | 1.28% | 0.59% | 0.31% | 1.04% | -0.05% | 0.38% | -0.17% | 0.03% | 5.72% |
| 2018 | -1.10% | -0.59% | 0.49% | -0.66% | 0.74% | -0.03% | -0.14% | 0.64% | -0.60% | -0.69% | 0.76% | 1.62% | 0.40% |
| 2017 | 0.17% | 0.55% | -0.05% | 0.85% | 0.63% | -0.22% | 0.48% | 0.59% | -0.39% | -0.02% | -0.04% | 0.36% | 2.92% |
| 2016 | 1.03% | 0.20% | 0.18% | 0.38% | 0.08% | 0.93% | 0.41% | 0.04% | 0.31% | -0.20% | -1.67% | 0.00% | 1.69% |
| 2015 | 0.91% | -0.52% | 0.54% | -0.02% | 0.09% | -0.90% | 0.84% | -0.02% | 0.43% | -0.03% | -0.13% | -0.08% | 1.11% |
| 2014 | 1.60% | 0.50% | 0.05% | 0.91% | 0.91% | 0.38% | -0.16% | 0.85% | -0.20% | 0.63% | 0.72% | 0.34% | 6.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSMIX is 48, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Franklin Strategic Mortgage Fund provided a 102.54% dividend yield over the last twelve months, with an annual payout of $7.88 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.88 | $0.26 | $0.24 | $0.19 | $0.17 | $0.21 | $0.31 | $0.33 | $0.31 | $0.23 | $0.23 | $0.35 |
Dividend yield | 102.54% | 3.44% | 3.10% | 2.46% | 1.85% | 2.23% | 3.35% | 3.66% | 3.29% | 2.44% | 2.49% | 3.69% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $7.68 | $7.70 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 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 | $0.24 |
| 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 | $0.19 |
| 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 | $0.17 |
| 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 | $0.21 |
| 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 | $0.31 |
| 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 | $0.33 |
| 2017 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.02 | $0.31 |
| 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 | $0.23 |
| 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 | $0.23 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 17.62%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.62% | 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 chart below shows the rolling one-month volatility.
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