Fund Evaluator:
Franklin Templeton SMACS: C (FACBX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
Franklin Templeton SMACS: C Overview
Franklin Templeton SMACS: C (FACBX) is an actively managed Taxable Bond Multisector Bond fund. Franklin Templeton launched the fund in 2025.
The investment seeks to provide current income consistent with preservation of capital. Under normal market conditions, the fund will invest predominantly in debt securities, which may be represented by derivative investments that provide exposure to debt securities such as futures and swap agreements. The fund manager seeks income by selecting investments such as corporate, agency, securitized, and sovereign bonds that the investment manager believes have potential to provide consistent income. The fund is non-diversified.
About Franklin Templeton SMACS: C (FACBX)
There are 4 members of the management team with an average tenure of 1.11 years: Patrick Klein (2025), Jacob Chu (2025), Albert Chan (2025), Tina Chou (2025). Management tenure is more important for actively managed funds than passive index funds.
Franklin Templeton SMACS: C has 293 securities in its portfolio. The top 10 holdings constitute 57.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Franklin Templeton SMACS: C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Franklin Templeton SMACS: C has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 106.9% (102.3% domestic bond, 4.6% foreign bond and 0.1% convertible bond). Franklin Templeton SMACS: C has -7.0% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FACBX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin Templeton SMACS: C expense ratio is low compared to funds in the Multisector Bond category. Franklin Templeton SMACS: C has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin Templeton SMACS: C has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, Franklin Templeton SMACS: C returned -1.4%, which earned it a grade of F, as the Multisector Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Franklin Templeton SMACS: C has a trailing yield of 4.98%, which is below the 5.31% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin Templeton SMACS: C Grades
Year to date, the fund has returned -0.6%, 1.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.2% over the past year (grade of F).
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FACBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FACBX Return (NAV) | -1.4% | -0.8% | 3.2% | na | na | na |
| FACBX Grade | F | F | F | na | na | na |
| +/- Category | -0.7% | -0.8% | -1.1% | na | na | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| FACBX Tax Cost Ratio | na | na | 2.0% | na | na | na |
FACBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FACBX Return (NAV) | -0.6% | na | na | na | na | na | na | na | na | na | na |
| FACBX Grade | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.4% | na | na | na | na | na | na | na | na | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $7 Mil |
| Fund Total Assets: | $ 8 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 11% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Klein Patrick (2025), Chu Jacob (2025), Chan Albert (2025), Chou Tina (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 293 |
| % in Top 10 Holdings: | 57.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 102.3% |
| Foreign Bond: | 4.6% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | -7.0% |
Purchase Information
| Fund Family: | Franklin Templeton |
| Phone Number: | 800-342-5236 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | June 20, 2025 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Franklin Templeton SMACS: C |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
