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Franklin Payout 2021 Fund
mutual fund
FPOJX
Payout Change
Pending
Price as of:
$9.9844
+0.0
+0.04%
primary theme
N/A
share class
FPOJX (Mutual Fund)
Franklin Payout 2021 Fund
Payout Change
Pending
Price as of:
$9.9844
+0.0
+0.04%
primary theme
N/A
share class
FPOJX (Mutual Fund)
Franklin Payout 2021 Fund
Payout Change
Pending
Price as of:
$9.9844
+0.0
+0.04%
primary theme
N/A
share class
Name
As of 09/28/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
0.0%
3 Yr Avg Return
2.7%
5 Yr Avg Return
1.5%
Net Assets
$4.12 M
Holdings in Top 10
62.2%
52 WEEK LOW AND HIGH
$10.0
$9.98
$10.36
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.31%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/28/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FPOJX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.83%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFranklin Payout 2021 Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateJun 01, 2015
-
Shares Outstanding203001
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Yuen
Fund Description
FPOJX - Performance
Return Ranking - Trailing
| Period | FPOJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -100.0% | 8.7% | 89.68% |
| 1 Yr | 0.0% | -3.8% | 24.9% | 96.44% |
| 3 Yr | 2.7%* | 1.4% | 10.9% | 93.02% |
| 5 Yr | 1.5%* | 0.8% | 9.1% | 97.11% |
| 10 Yr | N/A* | 2.5% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FPOJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -15.2% | 12.6% | 90.22% |
| 2022 | 2.6% | -1.1% | 13.9% | 91.53% |
| 2021 | -2.0% | -13.1% | 0.1% | 10.37% |
| 2020 | 0.1% | -12.3% | 10.3% | 92.62% |
| 2019 | 1.5% | -74.7% | 5.6% | 69.85% |
Total Return Ranking - Trailing
| Period | FPOJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -100.0% | 8.7% | 89.68% |
| 1 Yr | 0.0% | -3.8% | 24.9% | 94.04% |
| 3 Yr | 2.7%* | 0.5% | 10.9% | 91.88% |
| 5 Yr | 1.5%* | 0.2% | 9.1% | 96.23% |
| 10 Yr | N/A* | 2.5% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FPOJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -15.2% | 12.6% | 90.22% |
| 2022 | 2.6% | -1.1% | 13.9% | 91.53% |
| 2021 | 0.3% | -12.9% | 0.3% | 1.22% |
| 2020 | 2.3% | -12.3% | 12.7% | 82.55% |
| 2019 | 3.7% | -2.2% | 8.9% | 48.53% |
NAV & Total Return History
FPOJX - Holdings
Concentration Analysis
| FPOJX | Category Low | Category High | FPOJX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.12 M | 129 K | 16.7 B | 96.11% |
| Number of Holdings | 30 | 2 | 1564 | 37.74% |
| Net Assets in Top 10 | 2.58 M | 104 K | 16.6 B | 96.11% |
| Weighting of Top 10 | 62.18% | 4.5% | 100.0% | 73.18% |
Top 10 Holdings
- Franklin IFT Money Market 32.32%
- Federal Home Loan Banks 2.625% 4.89%
- Federal Farm Credit Banks 2% 4.87%
- United States Treasury Notes 2.125% 3.90%
- United States Treasury Notes 1.875% 3.89%
- BP Capital Markets plc 3.56% 2.51%
- Gilead Sciences, Inc. 4.4% 2.50%
- Air Products & Chemicals, Inc. 3% 2.49%
- The Bank of New York Mellon Corporation 3.55% 2.48%
- CALIFORNIA ST 5.7% 2.48%
Asset Allocation
| Weighting | Return Low | Return High | FPOJX % Rank | |
|---|---|---|---|---|
| Cash | 74.13% | -33.44% | 99.04% | 2.33% |
| Bonds | 25.86% | -9.67% | 127.57% | 93.00% |
| Stocks | 0.00% | 0.00% | 48.52% | 74.71% |
| Preferred Stocks | 0.00% | 0.00% | 32.02% | 48.64% |
| Other | 0.00% | -1.96% | 63.99% | 59.92% |
| Convertible Bonds | 0.00% | 0.00% | 6.40% | 79.38% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FPOJX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 74.13% | 0.03% | 99.31% | 5.45% |
| Government | 13.66% | 0.00% | 99.84% | 75.88% |
| Corporate | 12.21% | 0.00% | 99.97% | 78.21% |
| Derivative | 0.00% | 0.00% | 15.12% | 48.25% |
| Securitized | 0.00% | 0.00% | 90.72% | 76.26% |
| Municipal | 0.00% | 0.00% | 99.92% | 73.93% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FPOJX % Rank | |
|---|---|---|---|---|
| US | 23.40% | -9.67% | 127.57% | 93.00% |
| Non US | 2.46% | -15.81% | 18.51% | 77.04% |
FPOJX - Expenses
Operational Fees
| FPOJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.47% | 0.06% | 3.21% | 44.19% |
| Management Fee | 0.30% | 0.00% | 0.77% | 71.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.01% | 0.30% | 53.06% |
Sales Fees
| FPOJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FPOJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
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.
| FPOJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.31% | 0.00% | 130.00% | 17.84% |
FPOJX - Distributions
Dividend Yield Analysis
| FPOJX | Category Low | Category High | FPOJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.16% | 0.00% | 1.78% | 3.86% |
Dividend Distribution Analysis
| FPOJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Semi-Annually | Monthly | Monthly |
Net Income Ratio Analysis
| FPOJX | Category Low | Category High | FPOJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.83% | -0.09% | 7.19% | 48.66% |
Capital Gain Distribution Analysis
| FPOJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 05, 2018 | $0.226 | |
| Dec 05, 2017 | $0.225 | |
| Dec 05, 2016 | $0.218 | |
| Dec 04, 2015 | $0.149 |
FPOJX - Fund Manager Analysis
Managers
David Yuen
Start Date
Tenure
Tenure Rank
Jun 01, 2015
6.25
6.3%
David Yuen joined Franklin Templeton Investments in 2000.He was appointed Chief Investment Officer of Global Long/Short Absolute Return Strategy in 2010. Previously, he was co-CIO of US Large Cap Value Equities and CIO of the Advanced Value Fund (since 2009), as well as director of research for US Large Cap Value (since early 2008). Yuen had been the director of research for Emerging Markets Value since August 2002. He joined Bernstein in 1998 as a research analyst, covering the global retailing industry, and became a senior research analyst in 1999, covering retail, textile & apparel, gaming & lodging, and consumer appliances. Prior to joining Bernstein, Yuen worked as a senior vice president of The Coleman Company from 1994 to 1998. From 1988 to 1994, he was a consultant, then partner, at WKI, a management-consulting firm specializing in emerging-market strategies. Prior to that, Yuen was a consultant with Bain & Company. He received a BS in operations research from Columbia University’s School of Engineering in 1986. Location: New York
Tina Chou
Start Date
Tenure
Tenure Rank
Oct 15, 2019
1.88
1.9%
Thomas Runkel
Start Date
Tenure
Tenure Rank
Oct 15, 2019
1.88
1.9%
Tom Runkel is a vice president and portfolio manager for Franklin Templeton Investments. Mr. Runkel focuses on relative value security selection and allocation among the credit sectors for the multi-sector fixed income portfolios. He also serves as the director of portfolio strategies and the lead portfolio manager for the SMA Taxable Fixed Income strategies and supervises the Franklin SMA Taxable Fixed Income Portfolio Management team. Mr. Runkel joined Franklin in 1983 and served as a senior portfolio manager for Franklin's taxable money fund and investment grade fixed income assets as well as a trader for taxable fixed income and equity securities. Mr. Runkel founded Runkel Funds, Inc. in 2002 and managed a large-cap value fund until late 2005 before returning to Franklin in 2006. Mr. Runkel has an M.B.A. from the University of Santa Clara and earned a B.S. in political science from the University of California, Davis. He is a Chartered Financial Analyst (CFA) charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 16.84 | 5.1 | 3.0 |
