![[Chris Sperrys avatar]](https://franklintempletonprod.widen.net/content/rrysr3ynlm/webp/Sperry_Christopher_500x500.png){kind=avatar}
Managed Fund Since 2019
Fixed Income
FQCHX Franklin Templeton SMACS: Series CH
Popular Documents
The SMACS Series is available only in a Separately Managed Account (SMA)
Overview
Fund Facts
- Benchmark
- Bloomberg Municipal Bond California Exempt Index
- Fund Inception Date
- 06/03/2019
- Dividend Frequency, if any
- —
Sales Charges, Expenses & Fees
As of 01/01/2026- Gross Expense Ratio
- 0.55%
- Net Expense Ratio
1 - 0.00%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- —
Additional Fund Info
- Share Class Inception Date
- 06/03/2019
- Investment Style
- Municipals
- Lipper Classification
- California Municipal Debt Funds
- Morningstar Category
2 - Miscellaneous Fixed Income
Identifiers
- Ticker
- FQCHX
- Fund Number
- 3000
- CUSIP Code
- 35471D305
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
![[John Bonellis avatar]](https://franklintempletonprod.widen.net/content/reo4i1ff5e/webp/Bonelli_John_500x500.png){kind=avatar}
Managed Fund Since 2020
![[Daniel Workmans avatar]](https://franklintempletonprod.widen.net/content/al51xpmru1/webp/Workman_Daniel_500x500.png){kind=avatar}
Managed Fund Since 2026
![[Michael Conns avatar]](https://franklintempletonprod.widen.net/content/ogxwyxvhfy/webp/Conn_Michael_500x500.png){kind=avatar}
Managed Fund Since 2020
Latest Insights
October 9, 2026
October 6, 2026
October 5, 2026
October 2, 2026
Portfolio
Assets
As of09/30/2026 (Updated Monthly)
- Total Net Assets
- $36.79 Million
Positions
As of 09/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 105
- Benchmark
- 8,945
Portfolio Statistics
As of 09/30/2026 (Updated Monthly)
Effective Duration
- Fund
- 9.25 Years
- Fund
- 25.32 Years
Asset Allocation
As of 09/30/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 99.53% |
Cash & Cash Equivalents | 0.47% |
Holdings
As of 08/31/2026 (Updated Monthly)
Galt Community Facilities District
City & County Of San Francisco CA Special Tax District No 2020-1
City Of Dublin CA
California Public Finance Authority
California Municipal Finance Authority
Chino Community Facilities District
California Statewide Communities Development Authority
California Municipal Finance Authority
River Islands Public Financing Authority
Orange County Community Facilities District
Distributions & Tax
- Distribution Frequency
- -This fund is an Accrual fund.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
09/30/2026
08/31/2026
07/31/2026
06/30/2026
05/29/2026
04/30/2026
03/31/2026
02/27/2026
01/30/2026
Pricing
Pricing History
As of 10/09/2026 (Updated Daily)
Daily Fund Prices
As of 10/09/2026
Share Prices
As of 10/09/2026
- NAV
3 (Net Asset Value) - $8.02
52-Week Range
- Highest NAV
As of 07/06/2026 - $8.72
- Lowest NAV
As of 09/29/2026 - $7.98
Documents
Regulatory Documents
Annual Report - Franklin Templeton SMACS: Series CH - Class A
Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Semi-Annual Report - Franklin Templeton SMACS: Series CH - Class A
Semi-Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Prospectus - Franklin Strategic Series SMACS
Summary Prospectus - Franklin Templeton SMACS
Statement of Additional Information - Franklin Strategic Series SMACS
Fiscal Q1 Holdings - Franklin Strategic Series SMACS
Fiscal Q3 Holdings - Franklin Strategic Series SMACS
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Portfolios focused on a single state are subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund. An investor may be subject to the federal Alternative Minimum Tax, and state and local taxes may apply. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Bloomberg California Municipal Bond Exempt Index is a market value-weighted index of California investment-grade fixed-rate municipal bonds with maturities of one year or more.
Source: Bloomberg Indices.
All Putnam-named funds and Franklin Retirement Advantage, Franklin Dynamic Asset Allocation, and Franklin Multi-Asset Income-named funds and Royce funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.