Franklin Templeton SMACS Series I
Data updated: 2026-07-27
C000212376 — Franklin Templeton SMACS Series I. Intermediate Corporate Bond · $891.56M AUM · 0.00% expense ratio. Holdings, fees, performance and SEC filings.
C000212376 Fund Overview
Franklin Templeton SMACS Series I is a US mutual fund managed by Franklin Strategic Series, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Strategic Series
- Category: Intermediate Corporate Bond
- Assets under management: $891.56M
- 1-year return: 10.4%
- SEC CIK: 0000872625
- SEC series ID: S000065651
- Share class ID: C000212376
C000212376 Investment Objective and Strategy
Franklin Templeton SMACS Series I describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Strategic Series.
Investment objective
To seek to maximize income while maintaining prospects for capital appreciation.
Principal investment strategy
"Under normal market conditions, the Fund invests predominantly in debt securities. The debt securities in which the Fund invests include all varieties of fixed, floating and variable rate instruments, including secured and unsecured bonds, bonds convertible into common stock, senior floating rate and term loans, mortgage-backed securities and other asset-backed securities, debentures, and shorter-term instruments. The Fund seeks income by selecting investments such as corporate, agency, securitized, foreign and U.S. Treasury bonds that the investment manager believes are attractive. The Fund may invest up to 100% of its total assets in debt securities that are rated below investment grade (also known as junk bonds), including a portion in defaulted securities. Debt securities may include convertible securities.
Convertible securities generally are debt securities or preferred stock that may be converted into common stock after certain time periods or under certain circumstances. The Fund maintains the flexibility to invest in securities from a variety of sectors, but from time to time, based on economic conditions, the Fund may have significant investments in particular sectors. The Fund may also invest up to 25% of its assets in foreign securities. The Fund may invest in securities of any maturity or duration. The Fund is a ""non-diversified"" fund, which means it generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund. The Fund regularly uses interest rate derivatives, including interest rate swaps and interest rate and/or bond futures contracts (including U.S.
Treasury futures contracts) for various purposes including enhancing Fund returns, increasing liquidity, gaining exposure to particular instruments in more efficient or less expensive ways and/or hedging risks relating to changes in interest rates. The Fund also regularly uses credit-related derivatives, such as credit default swaps and options on credit default swaps, to hedge (protect) against credit risks. The use of such derivative transactions may allow the Fund to obtain net long (i.e., the Fund would benefit if the price of the investment increases) or net short exposures (i.e., the Fund would benefit if the price of the investment decreases) to selected markets, interest rates, countries or durations. The Fund also regularly uses complex securities, which may include equity-linked notes, for various purposes including enhancing Fund returns, increasing liquidity, gaining exposure to particular instruments in more efficient or less expensive ways and/or hedging risks relating to changes in certain markets.
When choosing investments for the Fund, the investment manager applies a bottom-up, value oriented, long-term approach, focusing on the market price of a companys securities relative to the investment managers evaluation of the companys long-term earnings, asset value and cash flow potential. It generally performs independent analysis of the securities being considered for the Funds portfolio, rather than relying principally on the ratings assigned by the ratings organizations. The investment manager also considers a companys price/earnings ratio, profit margins and liquidation value."
C000212376 Holdings
Top 10 holdings of Franklin Templeton SMACS Series I by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| CHS/Community Health Systems, Inc. | 3.57% |
| Gnma | 2.42% |
| Venture Global LNG, Inc. | 2.40% |
| Venture Global LNG, Inc. | 2.22% |
| CHS/Community Health Systems, Inc. | 2.10% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 1.97% |
| Tenet Healthcare Corp. | 1.73% |
| CHS/Community Health Systems, Inc. | 1.67% |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 1.64% |
| Beach Acquisition Bidco LLC | 1.64% |
C000212376 Portfolio Allocation
Asset-class allocation of Franklin Templeton SMACS Series I by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 79.8% |
| Securitized | 15.0% |
| Loans | 3.7% |
| Cash & Equivalents | 0.8% |
| Equity | 0.3% |
C000212376 Performance
Total returns for C000212376 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.2% |
| 1 year | 10.4% |
| 3 years (annualised) | 9.9% |
| 5 years (annualised) | 4.4% |
C000212376 Risk Information
Risk metrics for C000212376, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.2%
C000212376 Costs and Fees
C000212376 costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.06%
- Portfolio turnover: 52%
- Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)
C000212376 Cashflows
Over the 12 months to 2026-05, Franklin Templeton SMACS Series I had net inflows of $331.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $55.31M |
| 2026-04 | $26.70M |
| 2026-03 | $26.53M |
| 2026-02 | $27.27M |
| 2026-01 | $29.33M |
| 2025-12 | $29.38M |
C000212376 Debt Constituents
Largest debt holdings of Franklin Templeton SMACS Series I by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| CHS/Community Health Systems, Inc. | 3.57% |
| Venture Global LNG, Inc. | 2.40% |
| Venture Global LNG, Inc. | 2.22% |
| CHS/Community Health Systems, Inc. | 2.10% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 1.97% |
| Tenet Healthcare Corp. | 1.73% |
| CHS/Community Health Systems, Inc. | 1.67% |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 1.64% |
| Beach Acquisition Bidco LLC | 1.64% |
| CHS/Community Health Systems, Inc. | 1.55% |
C000212376 Prospectus and SEC Filings
Official Franklin Templeton SMACS Series I filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-23
- Prospectus (485BPOS) — filed 2024-12-27
- Prospectus (485BPOS) — filed 2023-12-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2025-11-10
- Annual census (N-CEN) — filed 2024-11-12
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.