Franklin Sector Portfolio Update: 2 September 2026

Dancer

Since the last update of the Franklin Sector BPI portfolio shares of VAW, VDE, VGT, VOX, and VDC were sold out of the portfolio.  Yesterday, Utilities (VPU) dropped into the oversold zone so I added shares of VPU to the Carson, Franklin, and McClintock portfolios.  That addition of 20 shares shows up in the current portfolio.

The Franklin now holds only two sectors close to target and they are:  Utilities (VPU) and Discretionary (VCR).  Sectors holding one or two shares are there to make it easier for me to work with the Investment Account Manager software.

Franklin Sector BPI Holdings

Below are the current holdings within the Franklin portfolio.  As mentioned above, several sectors hit the 3% Trailing Stop Loss Order (TSLO) limit and were remove from the portfolio leaving a few shares of the remaining nine (9) sectors.

Franklin Performance Data

Since 12/31/2021 the Franklin has outperformed all six benchmarks.  Take special note that the Franklin has a slight lead on the S&P 500 (SPY).

The Franklin has been using the Sector BPI model for nearly four years and over that period the performance has outperformed my expectations for the Sector BPI investment model.

Franklin Risk Ratios

All four risk ratios hit their high for the year.  While it is much too early in September to pay much attention to the high values, all are moving in the right direction.

The Franklin is scheduled for an update on September 29th and at that time I will have additional data as to whether this strong trend continues.

Just a word about the spike in the Treynor.  When the portfolio is trouncing the AOR benchmark by such a wide margin and the portfolio beta is low (0.206) the Treynor Ratio is wildly exaggerated.  The Treynor is the least important ratio as it is so beta dependent.  Pay close attention to the Jensen Alpha ratio.

Franklin Sector BPI Portfolio Review: 20 March 2026