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Fixed Income

FQTHX Franklin Templeton SMACS: Series H

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NAV 1 $-0.01(-0.11%)
$9.27
As of 01/09/2026
Total Net Assets
$35.31M
As of 12/31/2025 (Updated Monthly)

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

Franklin Municipal Enhanced Income SMA

The SMACS Series is available only in a Separately Managed Account (SMA). Please contact your financial professional to learn more about SMAs and the role they can play in a diversified portfolio.

Skipped to Overview Section Content

Overview

Fund Facts

Benchmark
Bloomberg Municipal Bond Index
Fund Inception Date
06/03/2019
Dividend Frequency, if any
—

Sales Charges, Expenses & Fees

As of 01/01/2026
Gross Expense Ratio2
0.86%
Net Expense Ratio2,3
0.00%
Maximum Initial Charge
N/A
CDSC
N/A
12b-1 Fee
N/A

Additional Fund Info

Share Class Inception Date
06/03/2019
Investment Style
Municipals
Lipper Classification
Hi Yld Muni Debt Funds
Morningstar Category4
Miscellaneous Fixed Income

Identifiers

Ticker
FQTHX
Fund Number
3002
CUSIP Code
35471D404

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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-drives approach means maintaining portfolio and risk exposures that align with client expectations.

Franklin Templeton Fixed Income
[Benjamin C. Barbers avatar]

Managed Fund Since 2020

[Daniel Workmans avatar]

Managed Fund Since 2019

[Francisco Riveras avatar]

Managed Fund Since 2019

[Michael Conns avatar]

Managed Fund Since 2020

Portfolio Manager Profile
Years of Experience
Manager Location

Latest Insights

January 8, 2026

Flash Insights: Notes on Venezuela

January 6, 2026

Central Bank Watch: Steady as she goes

December 22, 2025

The road ahead: Trends, risks and opportunities

December 18, 2025

Emerging markets debt 2026 outlook

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Portfolio

Assets

As of12/31/2025 (Updated Monthly)

Total Net Assets
$35.31 Million

Positions

As of 12/31/2025 (Updated Monthly)

Number of Holdings
Fund
209
Benchmark
63,945

Portfolio Statistics

As of 12/31/2025 (Updated Monthly)

Average Weighted Maturity
Fund
24.00 Years
Effective Duration
Fund
9.49 Years

Asset Allocation

As of 12/31/2025 % of Total (Updated Monthly)

Holdings Fund
Fixed Income
97.74%
Cash & Cash Equivalents
2.26%

 

Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2.25832 to 97.74168.
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Holdings

As of 11/30/2025 (Updated Monthly)

Franklin Dynamic Municipal Bond ETF ETF USD NPV TIS A/C #26175
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue
State Of Illinois
Metropolitan Pier & Exposition Authority
Commonwealth Of Puerto Rico
New York Transportation Development Corp
Maricopa County Industrial Development Authority
City Of Houston TX Airport System Revenue
City Of Chicago IL
Public Finance Authority
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Distributions & Tax

Federal ID Number 83-4576636

For information on tax years prior to 2008, please contact us

2025 tax information will be available in early February

These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.

Distributions per Share ($)

Data not currently available.
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Pricing

Pricing History

As of 01/09/2026 (Updated Daily)

Chart

Line chart with 1725 data points.
The chart has 1 X axis displaying Time. Data ranges from 2019-06-03 00:00:00 to 2026-01-09 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 8.22 to 10.61.
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Daily Fund Prices

As of 01/09/2026

Share Prices

As of 01/09/2026

NAV  1(Net Asset Value)
$9.27
POP  5(Public Offering Price)
$9.27

52-Week Range

Highest NAV As of 03/04/2025
$9.45
Lowest NAV As of 04/09/2025
$8.72

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Documents

Regulatory Documents
 Name Download Add to Cart
Annual Report - Franklin Templeton SMACS: Series H - Class ADownload Document
Annual Financial Statements and Other Information - Franklin Templeton Strategic SeriesDownload Document
Semi-Annual Report - Franklin Templeton SMACS: Series H - Class ADownload Document
Semi-Annual Financial Statements and Other Information - Franklin Templeton Strategic SeriesDownload Document
Prospectus - Franklin Strategic Series SMACSDownload Document
Summary Prospectus - Franklin Templeton SMACS: Series HDownload Document
Statement of Additional Information - Franklin Strategic Series SMACSMailed hardcopies unavailable.Download Document
Fiscal Q1 Holdings - Franklin Strategic Series SMACSMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Franklin Strategic Series SMACSMailed hardcopies unavailable.Download Document

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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. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. An investor may be subject to the federal. 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. Alternative Minimum Tax, and state and local taxes may apply. These and other risks are discussed in the fund’s prospectus. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. 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.

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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.

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance. 

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.

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.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

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 Municipal Bond Index is a broad measure of the municipal bond market with maturities of at least one year.
Source: Bloomberg Indices.

Footnotes

  1. 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.

  2. Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.

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

  4. ©2025 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.

  5. Public Offering Price – the purchase price for each share of the fund on a given day.  It includes the maximum initial sales charge, if any.

  6. Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations (NRSRO), such as S&P Global Ratings, Moody's Investors Service and Fitch Ratings, Inc. When ratings from multiple agencies are available, the highest is used, consistent with the portfolio investment process. Ratings reflect an NRSRO's opinion of an issuer's creditworthiness and typically range from AAA (highest) to D (lowest). The Refunded category consists of refunded bonds secured by the US government or other high-quality securities. The Not Rated category consists of ratable securities that have not been rated by an NRSRO. The Not Applicable category consists of third-party exchange-traded funds and securities that have only a short-term rating and are not cash equivalents. Cash includes equivalents, which may be rated. The methodology used for the calculation of credit quality ratings displayed may differ from the methodology for monitoring investment limits, if applicable. Please note, the portfolio itself has not been rated by an independent rating agency.