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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.4%
1 yr return
6.8%
3 Yr Avg Return
1.8%
5 Yr Avg Return
1.7%
Net Assets
$151 M
Holdings in Top 10
43.5%
Expense Ratio 0.25%
Front Load N/A
Deferred Load N/A
Turnover 156.78%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests at least 80% of its net assets in securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities. The Fund currently targets an estimated portfolio duration of three (3) years or less. The Fund generally invests 50-80% of its assets in mortgage securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, including adjustable rate mortgage securities (ARMs) and collateralized mortgage obligations (CMOs), but the Fund also invests in direct obligations of the U.S. government (such as Treasury bonds, bills and notes) and in securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, including government sponsored entities. All of the Fund’s principal investments are debt securities, including bonds, notes and debentures.
In comparison to maturity (which is the date on which a debt instrument ceases and the issuer is obligated to repay the principal amount), duration is a measure of the expected price volatility of a debt instrument as a result of changes in market rates of interest, based on the weighted average timing of the instrument’s expected principal and interest payments and other factors. For purposes of calculating the Fund’s portfolio duration, the Fund includes the effect of interest rate/bond futures contracts and options on interest rate/bond futures contracts held by the Fund.
Mortgage securities represent an interest in a pool of mortgage loans made by banks and other financial institutions to finance purchases of homes, commercial buildings and other real estate. As the underlying mortgage loans are paid off, investors receive periodic principal and interest payments as well as any unscheduled principal prepayments on the underlying mortgage loans. The mortgage securities purchased by the Fund include, but are not limited to, bonds and notes issued or guaranteed by the Government National Mortgage Association (Ginnie Mae) and U.S. government-sponsored entities, such as the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac).
Government agency or instrumentality issues have different levels of credit support. Ginnie Mae pass-through mortgage certificates are backed by the full faith and credit of the U.S. government. U.S. government-sponsored entities, such as Fannie Mae and Freddie Mac, may be chartered by Acts of Congress, but their securities are neither issued nor guaranteed by the U.S. government. Although the U.S. government has provided financial support to Fannie Mae and Freddie Mac, no assurance can be given that the U.S. government will continue to do so. The Fund may invest in obligations of other U.S. government-sponsored entities, which may
be supported only by the credit of the issuing agency or instrumentality, such as securities issued by members of the Farm Credit System.
The Fund may invest in mortgage dollar rolls. In a mortgage dollar roll, the Fund sells (or buys) mortgage securities for delivery on a specified date and simultaneously contracts to repurchase (or sell) substantially similar (same type, coupon, and maturity) securities on a future date. The Fund may also purchase or sell mortgage securities on a delayed delivery or forward commitment basis through the "to-be-announced" (TBA) market. With TBA transactions, the particular securities to be delivered must meet specified terms and standards. The Fund will invest only in covered mortgage dollar rolls or TBA transactions, meaning that the Fund designates liquid securities in its portfolio equal in value to the securities it will repurchase.
The Fund invests in investment grade securities and investments or in unrated securities and investments that the Fund’s investment manager determines are of comparable quality. The Fund may invest in U.S. inflation-indexed securities issued by the U.S. government.
To pursue its investment goal, the Fund may invest in certain interest rate-related derivative transactions, principally U.S. Treasury futures contracts and options on interest rate/bond futures. The use of these derivative transactions may allow the Fund to obtain net long or short exposures to selected interest rates or durations. These derivatives may be used to hedge risks associated with the Fund’s other portfolio investments and to manage the duration of the Fund’s portfolio.
Period | FTSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | 2.1% | 6.9% | 10.13% |
1 Yr | 6.8% | 4.1% | 11.0% | 49.37% |
3 Yr | 1.8%* | -1.9% | 2.8% | 6.41% |
5 Yr | 1.7%* | -0.8% | 2.0% | 6.76% |
10 Yr | 1.4%* | -0.2% | 1.6% | 4.69% |
* Annualized
Period | FTSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.6% | -1.6% | 4.4% | 56.96% |
2022 | -4.8% | -10.4% | -1.0% | 6.41% |
2021 | -1.9% | -6.4% | -0.2% | 38.46% |
2020 | 1.5% | -1.8% | 4.9% | 68.92% |
2019 | -0.5% | -1.4% | 3.3% | 86.11% |
Period | FTSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | 2.1% | 6.9% | 10.13% |
1 Yr | 6.8% | 4.1% | 11.0% | 49.37% |
3 Yr | 1.8%* | -1.9% | 2.8% | 6.41% |
5 Yr | 1.7%* | -0.8% | 2.0% | 6.76% |
10 Yr | 1.4%* | -0.2% | 1.6% | 4.69% |
* Annualized
Period | FTSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | 2.4% | 6.2% | 18.99% |
2022 | -3.1% | -9.3% | 0.2% | 6.41% |
2021 | -0.9% | -3.1% | 0.1% | 32.05% |
2020 | 3.1% | 0.4% | 6.0% | 59.46% |
2019 | 2.4% | 1.1% | 5.5% | 94.44% |
FTSD | Category Low | Category High | FTSD % Rank | |
---|---|---|---|---|
Net Assets | 151 M | 11.1 M | 24.8 B | 65.82% |
Number of Holdings | 341 | 7 | 1024 | 29.11% |
Net Assets in Top 10 | 64.7 M | 1.76 M | 7.82 B | 60.76% |
Weighting of Top 10 | 43.51% | 15.5% | 100.0% | 39.24% |
Weighting | Return Low | Return High | FTSD % Rank | |
---|---|---|---|---|
Bonds | 96.39% | 70.68% | 127.20% | 65.82% |
Cash | 3.61% | 0.00% | 23.11% | 26.58% |
Other | 0.01% | -25.01% | 30.75% | 49.37% |
Stocks | 0.00% | 0.00% | 1.65% | 88.61% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 88.61% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 88.46% |
Weighting | Return Low | Return High | FTSD % Rank | |
---|---|---|---|---|
Securitized | 57.71% | 0.00% | 100.00% | 42.31% |
Government | 32.87% | 0.00% | 99.96% | 58.97% |
Cash & Equivalents | 3.45% | 0.00% | 23.11% | 26.58% |
Corporate | 1.11% | 0.00% | 34.19% | 12.82% |
Derivative | 0.01% | -0.95% | 11.49% | 20.25% |
Municipal | 0.00% | 0.00% | 6.22% | 91.03% |
Weighting | Return Low | Return High | FTSD % Rank | |
---|---|---|---|---|
US | 96.39% | 70.68% | 127.20% | 65.82% |
Non US | 0.00% | 0.00% | 0.00% | 88.61% |
FTSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.25% | 0.03% | 2.91% | 79.75% |
Management Fee | 0.25% | 0.03% | 0.80% | 26.92% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.10% | 0.45% | 81.25% |
FTSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 4.75% | N/A |
Deferred Load | N/A | 0.50% | 1.00% | N/A |
FTSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 0.25% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FTSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 156.78% | 0.00% | 466.00% | 55.74% |
FTSD | Category Low | Category High | FTSD % Rank | |
---|---|---|---|---|
Dividend Yield | 4.66% | 0.00% | 5.67% | 13.92% |
FTSD | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
FTSD | Category Low | Category High | FTSD % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.43% | -0.78% | 3.29% | 56.58% |
FTSD | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 01, 2024 | $0.352 | OrdinaryDividend |
Sep 03, 2024 | $0.359 | OrdinaryDividend |
Aug 01, 2024 | $0.404 | OrdinaryDividend |
Jul 01, 2024 | $0.330 | OrdinaryDividend |
Jun 03, 2024 | $0.367 | OrdinaryDividend |
May 01, 2024 | $0.390 | OrdinaryDividend |
Apr 01, 2024 | $0.340 | OrdinaryDividend |
Mar 01, 2024 | $0.341 | OrdinaryDividend |
Feb 01, 2024 | $0.356 | OrdinaryDividend |
Dec 15, 2023 | $0.371 | OrdinaryDividend |
Dec 01, 2023 | $0.325 | OrdinaryDividend |
Nov 01, 2023 | $0.370 | OrdinaryDividend |
Oct 02, 2023 | $0.326 | OrdinaryDividend |
Sep 01, 2023 | $0.343 | OrdinaryDividend |
Aug 01, 2023 | $0.307 | OrdinaryDividend |
Jul 03, 2023 | $0.313 | OrdinaryDividend |
Jun 01, 2023 | $0.342 | OrdinaryDividend |
May 01, 2023 | $0.267 | OrdinaryDividend |
Apr 03, 2023 | $0.285 | OrdinaryDividend |
Mar 01, 2023 | $0.239 | OrdinaryDividend |
Feb 01, 2023 | $0.239 | OrdinaryDividend |
Dec 16, 2022 | $0.247 | OrdinaryDividend |
Dec 01, 2022 | $0.226 | OrdinaryDividend |
Nov 01, 2022 | $0.193 | OrdinaryDividend |
Oct 03, 2022 | $0.173 | OrdinaryDividend |
Sep 01, 2022 | $0.188 | OrdinaryDividend |
Aug 01, 2022 | $0.101 | OrdinaryDividend |
Jul 01, 2022 | $0.094 | OrdinaryDividend |
Jun 01, 2022 | $0.071 | OrdinaryDividend |
May 02, 2022 | $0.068 | OrdinaryDividend |
Apr 01, 2022 | $0.077 | OrdinaryDividend |
Mar 01, 2022 | $0.056 | OrdinaryDividend |
Feb 01, 2022 | $0.058 | OrdinaryDividend |
Dec 17, 2021 | $0.066 | OrdinaryDividend |
Dec 01, 2021 | $0.067 | OrdinaryDividend |
Oct 29, 2021 | $0.067 | OrdinaryDividend |
Sep 30, 2021 | $0.071 | OrdinaryDividend |
Aug 31, 2021 | $0.086 | OrdinaryDividend |
Jul 30, 2021 | $0.073 | OrdinaryDividend |
Jun 30, 2021 | $0.077 | OrdinaryDividend |
May 28, 2021 | $0.055 | OrdinaryDividend |
Apr 30, 2021 | $0.080 | OrdinaryDividend |
Mar 31, 2021 | $0.137 | OrdinaryDividend |
Feb 26, 2021 | $0.086 | OrdinaryDividend |
Jan 29, 2021 | $0.081 | OrdinaryDividend |
Dec 30, 2020 | $0.116 | OrdinaryDividend |
Nov 30, 2020 | $0.099 | OrdinaryDividend |
Oct 30, 2020 | $0.120 | OrdinaryDividend |
Sep 30, 2020 | $0.115 | OrdinaryDividend |
Aug 31, 2020 | $0.106 | OrdinaryDividend |
Jul 31, 2020 | $0.112 | OrdinaryDividend |
Jun 30, 2020 | $0.099 | OrdinaryDividend |
May 29, 2020 | $0.106 | OrdinaryDividend |
Apr 30, 2020 | $0.099 | OrdinaryDividend |
Mar 31, 2020 | $0.161 | OrdinaryDividend |
Feb 28, 2020 | $0.168 | OrdinaryDividend |
Jan 31, 2020 | $0.177 | OrdinaryDividend |
Dec 30, 2019 | $0.237 | OrdinaryDividend |
Nov 29, 2019 | $0.179 | OrdinaryDividend |
Oct 31, 2019 | $0.223 | OrdinaryDividend |
Sep 30, 2019 | $0.203 | OrdinaryDividend |
Aug 30, 2019 | $0.203 | OrdinaryDividend |
Jul 31, 2019 | $0.248 | OrdinaryDividend |
Jun 28, 2019 | $0.201 | OrdinaryDividend |
May 31, 2019 | $0.296 | OrdinaryDividend |
Apr 30, 2019 | $0.227 | OrdinaryDividend |
Mar 29, 2019 | $0.308 | OrdinaryDividend |
Feb 28, 2019 | $0.199 | OrdinaryDividend |
Jan 31, 2019 | $0.208 | OrdinaryDividend |
Dec 28, 2018 | $0.250 | OrdinaryDividend |
Nov 30, 2018 | $0.224 | OrdinaryDividend |
Oct 31, 2018 | $0.219 | OrdinaryDividend |
Sep 28, 2018 | $0.202 | OrdinaryDividend |
Aug 31, 2018 | $0.248 | OrdinaryDividend |
Jul 31, 2018 | $0.234 | OrdinaryDividend |
Jun 29, 2018 | $0.209 | OrdinaryDividend |
May 31, 2018 | $0.226 | OrdinaryDividend |
Apr 30, 2018 | $0.169 | OrdinaryDividend |
Mar 29, 2018 | $0.206 | OrdinaryDividend |
Feb 28, 2018 | $0.167 | OrdinaryDividend |
Jan 31, 2018 | $0.142 | OrdinaryDividend |
Dec 28, 2017 | $0.223 | OrdinaryDividend |
Nov 30, 2017 | $0.213 | OrdinaryDividend |
Oct 31, 2017 | $0.195 | OrdinaryDividend |
Sep 29, 2017 | $0.156 | OrdinaryDividend |
Aug 31, 2017 | $0.196 | OrdinaryDividend |
Jul 31, 2017 | $0.187 | OrdinaryDividend |
Jun 30, 2017 | $0.170 | OrdinaryDividend |
May 31, 2017 | $0.167 | OrdinaryDividend |
Apr 28, 2017 | $0.171 | OrdinaryDividend |
Mar 31, 2017 | $0.221 | OrdinaryDividend |
Feb 28, 2017 | $0.142 | OrdinaryDividend |
Jan 31, 2017 | $0.105 | OrdinaryDividend |
Dec 28, 2016 | $0.224 | OrdinaryDividend |
Nov 30, 2016 | $0.184 | OrdinaryDividend |
Oct 31, 2016 | $0.147 | OrdinaryDividend |
Sep 30, 2016 | $0.142 | OrdinaryDividend |
Aug 31, 2016 | $0.209 | OrdinaryDividend |
Jul 29, 2016 | $0.193 | OrdinaryDividend |
Jun 30, 2016 | $0.118 | OrdinaryDividend |
May 31, 2016 | $0.172 | OrdinaryDividend |
Apr 29, 2016 | $0.141 | OrdinaryDividend |
Mar 31, 2016 | $0.163 | OrdinaryDividend |
Feb 29, 2016 | $0.099 | OrdinaryDividend |
Jan 29, 2016 | $0.080 | OrdinaryDividend |
Dec 29, 2015 | $0.182 | OrdinaryDividend |
Nov 30, 2015 | $0.113 | OrdinaryDividend |
Oct 30, 2015 | $0.121 | OrdinaryDividend |
Sep 30, 2015 | $0.139 | OrdinaryDividend |
Aug 31, 2015 | $0.124 | OrdinaryDividend |
Jul 31, 2015 | $0.131 | OrdinaryDividend |
Jun 30, 2015 | $0.069 | OrdinaryDividend |
May 29, 2015 | $0.151 | OrdinaryDividend |
Apr 30, 2015 | $0.183 | OrdinaryDividend |
Mar 31, 2015 | $0.104 | OrdinaryDividend |
Feb 27, 2015 | $0.088 | OrdinaryDividend |
Jan 30, 2015 | $0.091 | OrdinaryDividend |
Dec 29, 2014 | $0.156 | OrdinaryDividend |
Nov 28, 2014 | $0.137 | OrdinaryDividend |
Oct 31, 2014 | $0.146 | OrdinaryDividend |
Sep 30, 2014 | $0.142 | OrdinaryDividend |
Aug 29, 2014 | $0.155 | OrdinaryDividend |
Jul 31, 2014 | $0.181 | OrdinaryDividend |
Jun 30, 2014 | $0.149 | OrdinaryDividend |
May 30, 2014 | $0.169 | OrdinaryDividend |
Apr 30, 2014 | $0.173 | OrdinaryDividend |
Mar 31, 2014 | $0.186 | OrdinaryDividend |
Feb 28, 2014 | $0.148 | OrdinaryDividend |
Jan 31, 2014 | $0.156 | OrdinaryDividend |
Dec 27, 2013 | $0.156 | OrdinaryDividend |
Nov 29, 2013 | $0.117 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Nov 04, 2013
8.58
8.6%
Dr. Patrick Klein is a portfolio manager and research analyst for Franklin Templeton Investments' Investment Grade Bond Department. He is part of the team managing the multi-sector, fixed income strategies with a focus on securitized products, inflation, and portfolio construction. Prior to joining Franklin Templeton in 2005, Dr. Klein was a principal member of the Technical Staff at Sandia National Laboratories. He was responsible for modeling and computer simulation of material behavior. Dr. Klein earned his B.S. dual degree in mechanical engineering and material science and engineering from Cornell University. He also earned his M.S. and Ph.D. in mechanical engineering from Stanford University.
Start Date
Tenure
Tenure Rank
Oct 15, 2019
2.63
2.6%
Mr. Varunok is portfolio manager of Franklin Advisers. He joined Franklin Templeton Investments in 2001. Previously, Varunok was a fixed-income analyst for Prudential Securities, Inc.
Start Date
Tenure
Tenure Rank
Aug 01, 2021
0.83
0.8%
Portfolio Manager of FT Institutional and portfolio manager of FRANKLIN STRATEGIC MORTGAGE PORTFOLIO since October 2019.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.49 | 32.44 | 10.48 | 7.33 |
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