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As of 09/30/2025

Year to Date Returns (Net)

7.72%

 
 

Year to Date Returns (Pure Gross)

9.38%

 

Overview

Investment Objective

The strategy seeks both income and capital appreciation by investing in a combination of stocks, fixed income securities and completion portfolios (no-fee Franklin funds).

Investment Approach

Broad Opportunity Set

Seek investment opportunities across a range of asset classes and security types:

Equities: 

  • Common
  • Preferred

Equity Linked Notes (ELNs)

Convertibles

Fixed Income

  • Treasuries
  • Securitized (MBS/ABS)
  • Investment Grade Corporates
  • High Yield Corporates
  • Bank Loans
Blend Asset Allocation Views with Security Selection
  • Top-down insights inform the investment team’s asset allocation views
  • Security selection is driven by rigorous bottom-up fundamental research
Focus on Income and Growth Potential
  • Looks across the capital structure for securities that offer attractive current income and long-term capital appreciation potential
  • Focus on investment opportunities where our fundamental views may differ from the market consensus

For illustrative purposes only. Allocations are subject to change.

The Franklin Income SMA Portfolio utilizes both individual securities and shares of completion portfolios (no-fee mutual funds) managed by Franklin SMA’s affiliate, Franklin Advisers, Inc. These portfolios were created specifically for, and are made available exclusively through, Franklin Templeton Separately Managed Accounts. The funds’ prospectus is available from your Franklin SMA Specialist and includes information on fund investment objectives, strategies and risks.

Portfolio Managers

Edward D. Perks, CFA®

California, United States

Managed Fund Since 2019

Brendan Circle, CFA®

California, United States

Managed Fund Since 2019

Todd Brighton, CFA®

California, United States

Managed Fund Since 2019

Performance

Portfolio

Portfolio Holdings

Documents

Product Literature

PDF Format

Factsheet - PRIMERICA - Franklin Income SMA

PDF Format

Product Commentary - PRIMERICA - Franklin Income SMA

PDF Format

Pitchbook - PRIMERICA - Franklin Income SMA

PDF Format

Snapshot - Primerica - Franklin Income SMA

Risks

What Are The Key Risks?

All investments involve risks, including possible loss of principal. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. 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. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Equity securities are subject to price fluctuation and possible loss of principal. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Active management does not ensure gains or protect against market declines. 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 investment style may become out of favor, which may have a negative impact on performance. 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.

This website is intended for Primerica.