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Managed Strategy Since 2020
Fixed Income
Franklin Corporate Ladder 1-10 Year SMA
- Access to investment grade bonds. Seeks to provide investors exposure to a portfolio of investment grade bonds with a maturity of 10 years or less.
- Diversified maturities. A diversified set of corporate bonds with staggered maturities helps create a stable stream of income.
- Manage interest rate risk. Can be used to help manage interest rate risk.
Popular Documents
Year to Date Returns (Net)
-0.43%
As of 03/31/2026
Year to Date Returns (Pure Gross)
-0.06%
Overview
Product Facts
Strategy Description
The Franklin Fixed Income team manages portfolios composed primarily of Investment Grade Corporate Credit issues. Using a bottom-up, relative value strategy, we seek to provide capital appreciation with a high level of current income. At least every other year in the ladder will have a bond position with a corresponding maturity in that year for the complete maturity range of the strategy.
- Benchmark
- Bloomberg U.S. Intermediate Corporate Index
- Inception Date
- 06/30/2020
- Asset Class
- Fixed Income
- Yield to Worst
As of 04/30/2026 (Updated Monthly) - 4.56%
- Effective Duration
As of 04/30/2026 (Updated Monthly) - 3.85 Years
Average Annual Total Returns As of 04/30/2026
- 3.13%1 Year
- 3.29%3 Years
- 0.40%5 Years
- —10 Years
- 0.30%Since Inception
06/30/2020
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 04/30/2026 % of Total (Updated Monthly)
Investment Grade Corporate99.35% |
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.
Commentary Highlights
March 31, 2026- Markets : From late-February, the war in the Middle East dominated much of the news flow and financial market sentiment. The reaction in markets has evolved, initially seeing a traditional risk-off move in both the US dollar and US bonds, which then turned into a stagflationary-focused sell-off in core developed bond markets as oil prices surged (although the dollar remained well-supported). The US Federal Reserve (Fed) remained on hold throughout the quarter. Fixed income volatility measures rose during the quarter, with much of the increase coming in the wake of the onset of the war in the Middle East. Credit spreads rose over the quarter, with the increase significantly more pronounced in the high-yield sector; total returns in corporate bonds were negative over the quarter. Securitized sectors generated a positive excess return versus duration-matched Treasuries.
- Contributors: Selection in bonds rated A- and BBB. Security selection in the consumer non-cyclicals sector.
- Detractors : Security selection in A+ rated issues. Selection in the banking and capital goods sectors.
- Outlook : US growth has remained surprisingly resilient despite a steady stream of bearish narratives. While rising energy costs tied to escalating Middle East tensions, if sustained, will likely squeeze consumption, the impending fiscal stimulus should offset part of the drag.
Franklin Templeton Fixed Income
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Managed Strategy Since 2024
Latest Insights
May 7, 2026
April 29, 2026
Composite Performance
Risk/Return Profile (%)
Based on a 5 year period ending Mar-31-2026
The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.
Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (1.5% is the maximum anticipated wrap fee for fixed income portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.
For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.
To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236.
Franklin Templeton claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Portfolio
Portfolio Statistics
As of 04/30/2026 (Updated Monthly)
Effective Duration 1 2 3
- Portfolio
- 3.85 Years
- Portfolio
- 4.54 Years
- Portfolio
- 4.59%
- Portfolio
- 4.56%
- Portfolio
- 3.88%
- Portfolio
- 98.07
Based on a representative account. Individual accounts within the composites may vary due to a variety of factors, such as account size, the specific investment guidelines and restrictions applicable to an account, and the inception date of the account.
Sector Allocation 4
As of 04/30/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Investment Grade Corporate | 99.35% |
Cash & Cash Equivalents | 0.65% |
Based on a representative account. Individual accounts within the composites may vary due to a variety of factors, such as account size, the specific investment guidelines and restrictions applicable to an account, and the inception date of the account.
Top Securities
As of 03/31/2026 (Updated Quarterly)
| Holdings | Portfolio |
|---|---|
Wells Fargo & Co,SR UNSECURED, Sr Unsecured, MTNFRN thereafter, 3.35%, 03/02/2033 | 3.78% |
Republic Services Inc, SR UNSECURED, Sr Unsecured, 5.00%, 12/15/33 | 3.76% |
AT&T Inc, SR UNSECURED, Sr Unsecured, 5.40%, 2/15/34 | 3.75% |
Southern Co/The, SR UNSECURED, Sr Unsecured, 5.20%, 6/15/33 | 3.74% |
McDonald's Corp., senior note, 4.60%, 9/09/32 | 3.67% |
JPMorgan Chase & Co., senior bond, 3.782% to 2/01/27, FRN thereafter, 2/01/28 | 3.65% |
T-Mobile USA Inc, senior note, 3.875%, 4/15/30 | 3.61% |
The Goldman Sachs Group Inc.,senior bond, 1.992% to 1/27/31,FRN thereafter, 1/27/32 | 3.61% |
UnitedHealth Group Inc, SR UNSECURED, Sr Unsecured, 4.20%, 5/15/32 | 3.61% |
Target Corp, SR UNSECURED, Sr Unsecured, 4.50%, 9/15/34 | 3.56% |
Based on a representative account. Individual accounts within the composites may vary due to a variety of factors, such as account size, the specific investment guidelines and restrictions applicable to an account, and the inception date of the account.
Holdings of the same issuers have been combined. All data is subject to change. The information provided is not a recommendation to purchase, sell, or hold any particular security. The portfolio manager reserves the right to withhold release of information with respect to holdings that would otherwise be included. Weightings as percent of total. Percentage may not total 100% due to rounding.
Documents
Product Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Corporate Ladder 1-10 Year SMA | |||
| Product Commentary - Franklin Corporate Ladder 1-10 Year SMA | |||
| FTPPG Regulatory Disclosures | |||
| Flyer - Franklin Taxable Bond Ladders | |||
| Flyer - The Benefits of a Laddered Portfolio |
Risks
All investments involve risks, including possible loss of principal. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. Active management does not ensure gains or protect against market declines. 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. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.
Important Information
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee.
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Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
Important data provider notices and terms available at www.franklintempletondatasources.com.
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.
The Bloomberg U.S. Intermediate Corporate Index measures the the performance of investment grade, fixed-rate, US dollar-denominated taxable corporate securities with maturities of 1-10 years. Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.