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Managed Fund Since 2019
Fixed Income
FQTIX Franklin Templeton SMACS: Series I
Popular Documents
The SMACs Series is available only in a Separately Managed Account (SMA)
Overview
Fund Facts
- Benchmark
- Bloomberg High Yield Very Liquid Index
- Additional Benchmark
- 50% Bloomberg High Yield Very Liquid Index and 50% Bloomberg US Corporate Index
- Fund Inception Date
- 06/03/2019
- Dividend Frequency, if any
- Monthly
- Portfolio Turnover
- 52%
Sales Charges, Expenses & Fees
As of 01/01/2026- Gross Expense Ratio
- 0.06%
- 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
- Multi-Sector
- Lipper Classification
- Alternative Credit Focus Funds
- Morningstar Category
2 - Miscellaneous Fixed Income
Identifiers
- Ticker
- FQTIX
- Fund Number
- 3003
- CUSIP Code
- 35471D206
Manager and Commentary
About the Team
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
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Managed Fund Since 2019
![[Todd Brightons avatar]](https://franklintempletonprod.widen.net/content/z1hwjxebpc/webp/Brighton_Todd_500x500.png){kind=avatar}
Managed Fund Since 2019
Latest Insights
Portfolio
Assets
As of09/30/2026 (Updated Monthly)
- Total Net Assets
- $982.53 Million
Positions
As of 09/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 180
- Benchmark
- 1,032
Sector Allocation
As of 09/30/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
High Yield Corporates | 78.03% |
Mortgage-Backed Securities | 12.32% |
Investment Grade Corporates | 5.24% |
Floating-Rate Loans | 3.40% |
Other | 0.27% |
Cash & Cash Equivalents | 0.73% |
Holdings
As of 08/31/2026 (Updated Monthly)
CHS/Community Health Systems Inc 6.125% 04/01/2030 144A
Venture Global LNG Inc 9% 03/30/2175 PERP 144A
Venture Global LNG Inc 9.875% 02/01/2032 144A
CHS/Community Health Systems Inc 9.75% 01/15/2034 144A
CCO Holdings LLC / CCO Holdings Capital Corp 7.375% 03/01/2031 144A
GOVT NATL MORTG ASSN 5.5% 10/20/2055 GNMA
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc 6.75% 01/15/2030 144A
CHS/Community Health Systems Inc 10.75% 06/15/2033 144A
NRG Energy Inc 6.125% 05/15/2036 144A
CHS/Community Health Systems Inc 10.875% 01/15/2032 144A
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
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
Pricing
Pricing History
As of 10/07/2026 (Updated Daily)
Daily Fund Prices
As of 10/07/2026
Share Prices
As of 10/07/2026
- NAV
3 (Net Asset Value) - $7.81
52-Week Range
- Highest NAV
As of 04/17/2026 - $8.24
- Lowest NAV
As of 10/01/2026 - $7.80
Documents
Regulatory Documents
Annual Report - Franklin Templeton SMACS: Series I - Class A
Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Semi-Annual Report - Franklin Templeton SMACS: Series I - Class A
Semi-Annual Financial Statements and Other Information - Franklin Templeton Strategic Series
Prospectus - Franklin Strategic Series SMACS
Summary Prospectus - Franklin Templeton SMACS: Series I
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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. 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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. 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.
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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 Bloomberg US High Yield Very Liquid Index is a component of the US Corporate High Yield Index designed to track a more liquid component of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market. The Bloomberg US Corporate Index is an index composed of corporate and non-corporate debt issues that are investment grade.
Source: Bloomberg Indices.
The Bloomberg High Yield Very Liquid Index is a component of the US Corporate High Yield Index designed to track a more liquid component of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market.
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.