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Equity

FQTEX Franklin Templeton SMACS: Series E

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The SMACS Series is available only in a Separately Managed Account (SMA)
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Overview

Fund Facts

Benchmark
MSCI USA High Dividend Yield Index
Fund Inception Date
06/03/2019
Dividend Frequency, if any
Monthly

Sales Charges, Expenses & Fees

As of 01/01/2026
Gross Expense Ratio
0.08%
Net Expense Ratio1
0.00%
Maximum Initial Charge
—
CDSC
N/A
12b-1 Fee
—

Additional Fund Info

Share Class Inception Date
06/03/2019
Investment Style
Equity Income
Lipper Classification
Equity Income Funds
Morningstar Category2
Global Moderate Allocation

Identifiers

Ticker
FQTEX
Fund Number
3001
CUSIP Code
35471D107

Manager and Commentary

About the Team

Franklin Income Investors

Franklin Income Investors has delivered consistent income for over 75 years. As pioneers in multi-asset income investing, our team takes a dynamic investment approach for investors seeking consistent income and growth.

Franklin Income Investors
[Edward D. Perkss avatar]

Managed Fund Since 2019

[Brendan Circles avatar]

Managed Fund Since 2019

[Todd Brightons avatar]

Managed Fund Since 2019

Portfolio Manager Profile
Years of Experience
Manager Location

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Portfolio

Portfolio Statistics

As of 09/30/2026 (Updated Monthly)

Weighted Average Market Capitalization (USD)
Fund
$349.57 Billion
Benchmark
$216.59 Billion

Holdings

As of 08/31/2026 (Updated Monthly)

KKR & Co Inc
Medtronic PLC
Shell PLC
Boeing Co/The
UnitedHealth Group Inc
CRM 10.​0% ELN ISSUED BY MERRILL LYNCH B.​V.​
Philip Morris International Inc
Albemarle Corp
IBM 10.​0% ELN Issued by Citigroup Global Markets Holdings Inc.​
TOTALENERGIES SE
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Distributions & Tax

Distribution Frequency
MonthlyThis fund is an ex-Dividend 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
Distributions with future dates are estimates and those figures are not final

09/24/2026
08/25/2026
07/27/2026
06/24/2026
05/22/2026
04/24/2026
03/25/2026
02/23/2026
01/26/2026
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Pricing

Pricing History

As of 10/09/2026 (Updated Daily)

Chart

Line chart with 1920 data points.
The chart has 1 X axis displaying Time. Data ranges from 2019-06-03 00:00:00 to 2026-10-09 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 7.41 to 15.35.
End of interactive chart.

Daily Fund Prices

As of 10/09/2026

Share Prices

As of 10/09/2026

NAV  3(Net Asset Value)
$14.80

52-Week Range

Highest NAV As of 08/14/2026
$15.35
Lowest NAV As of 11/20/2025
$13.25
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Documents

Regulatory Documents

Annual Report - Franklin Templeton SMACS: Series E - Class A
Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Semi-Annual Report - Franklin Templeton SMACS: Series E - Class A
Semi-Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Prospectus - Franklin Strategic Series SMACS
Summary Prospectus - Franklin Templeton SMACS: Series E
Statement of Additional Information - Franklin Strategic Series SMACS
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Franklin Strategic Series SMACS
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Franklin Strategic Series SMACS
Mailed hardcopies unavailable.

Risks

All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. Investments in equity-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. Convertible securities are subject to the risks of stocks when the underlying stock price is high relative to the conversion price and debt securities when the underlying stock price is low relative to the conversion price. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. 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.

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.

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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 MSCI USA High Dividend Yield Index is designed to reflect the performance of mid- and large-cap equities (excluding REITs) with higher dividend income, which is sustainable and persistent, than average dividend yields of securities in the MSCI USA Index.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI Dow Jones Indices LLC.

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.

Footnotes

  1. Net Expense Ratio represents the expense ratio applicable to investors. 

  2. ©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

  3. Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.

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