Franklin Templeton Digital Assets Dynamic BTC/ETH SMA - Net (%)
Quarter End
As of 09/30/2025
Alternatives
Franklin Templeton Digital Assets Dynamic BTC/ETH SMA
Popular Documents
Year to Date Returns (Net)
19.39%
As of 09/30/2025
Year to Date Returns (Gross)
22.03%
Overview
Product Facts
Strategy description
Franklin Templeton Digital Assets Dynamic Bitcoin/Ethereum SMA seeks to provide excess return or alpha over a market capitalization weighted benchmark of Bitcoin (BTC) and Ethereum (ETH) through long only exposure to BTC and ETH.
- Benchmark
- S&P Cryptocurrency MegaCap Index (USD)
- Inception Date
- 03/31/2023
- Asset Class
- Alternatives
Average Annual Total Returns As of 09/30/2025
- 70.82%1 Year
- —3 Years
- —5 Years
- —10 Years
- 60.25%Since Inception
03/31/2023
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 09/30/2025 % of Total (Updated Quarterly)
Manager and Commentary
About the Team
Franklin Templeton Digital Assets
Franklin Templeton Digital Assets has been at the forefront of the digital asset revolution since 2018. Our dedicated and independent team is deeply immersed in cutting-edge research and highly engaged in supporting blockchain networks and platform development. We focus on creating innovative, investable products to help client portfolios tap into the evolving digital asset ecosystem.
Commentary Highlights
September 30, 2025- Markets: US stocks were volatile due to concerns over the impact of Trump’s tariffs on economic growth, inflation, and Fed policy, with fears of recession or stagflation. Despite traditional market volatility, positive momentum around regulation led cryptocurrency markets to rebound during the second quarter of 2025 (Q2 25).
- Contributors/Detractors: Both holdings were positive contributors to the portfolio, which includes Bitcoin (BTC) in the Currency sector, and Ethereum (ETH) in the Smart Contract Platform sector.
- Portfolio Outlook: During Q2 25, we maintained our relative value-based investment strategy, keeping an underweight to Ethereum and overweight to Bitcoin when compared to the strategy’s benchmark, the S&P Cryptocurrency MegaCap Index.
- Market Outlook: We believe that new blockchain technologies have the potential for capital appreciation that can be captured through strategic selection of their underlying tokens. We believe emerging blockchain technologies offer capital appreciation opportunities through selective exposure to their underlying tokens. Recent moves by the Trump Administration and several U.S. state governments to establish cryptocurrency reserves, establish rules for stablecoins and provide regulatory clarity on the market structure for digital assets aim to position the U.S. as a leading crypto hub.
Latest Insights
December 13, 2024
December 10, 2024
December 10, 2024
Composite Performance
Average Annual Total Returns
As of 09/30/2025
Selected Month September 2025
Franklin Templeton Digital Assets Dynamic BTC/ETH SMA - Gross (%)
Quarter End
As of 09/30/2025
S&P Cryptocurrency MegaCap Index (USD) (%)
Quarter End
As of 09/30/2025
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” (3.0% is the maximum anticipated wrap fee for equity and balanced 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
Sector Allocation
As of 09/30/2025 % of Total (Updated Quarterly)
| Sector | % of Total |
|---|---|
Currency | 86.10% |
Smart Contract Platforms | 13.90% |
Top Holdings
As of 09/30/2025 (Updated Quarterly)
| Holdings | Fund |
|---|---|
Bitcoin | 86.10% |
Ethereum | 13.90% |
Documents
Product Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Fact Sheet - Franklin Templeton Digital Assets Dynamic BTC/ETH SMA | |||
| Product Commentary - Franklin Templeton Digital Assets Dynamic BTC/ETH SMA | |||
| FTPPG Regulatory Disclosures |
Risks
All investments involve risks, including possible loss of principal. Digital assets are subject to risks relating to immature and rapidly developing technology, security vulnerabilities of this technology, (such as theft, loss, or destruction of cryptographic keys), conflicting intellectual property claims, credit risk of digital asset exchanges, regulatory uncertainty, high volatility in their value/price, unclear acceptance by users and global marketplaces, and manipulation or fraud. Portfolio manager(s), service providers to the portfolios and other market participants increasingly depend on complex information technology and communications systems to conduct business functions. These systems are subject to a number of different threats or risks that could adversely affect the portfolio and their investors, despite the efforts of the portfolio manager(s) and service providers to adopt technologies, processes and practices intended to mitigate these risks and protect the security of their computer systems, software, networks and other technology assets, as well as the confidentiality, integrity and availability of information belonging to the portfolios and their investors. 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.
Important Information
Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.
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.
These materials are being provided for illustrative and informational purposes only. The information contained herein is obtained from multiple sources that are believed to be reliable. However, such information has not been verified, and may be different from the information included in documents and materials created by the sponsor firm in whose investment program a client participates. Some sponsor firms may require that these materials be preceded or accompanied by investment profiles or other documents or materials prepared by such sponsor firms, which will be provided upon a client’s request. For additional information, documents and/or materials, please speak to your financial professional or contact your sponsor firm.
FRANKLIN ADVISERS, INC. (“FAV”) IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. FAV HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN A MANAGED ACCOUNT PROGRAM. ALTHOUGH NFA HAS JURISDICTION OVER FAV AND ITS MANAGED ACCOUNT PROGRAM, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY FAV.
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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 S&P Cryptocurrency MegaCap Index measures the performance of the digital assets Bitcoin and Ethereum. Source: © S&P Dow Jones Indices LLC. All rights reserved.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.