Deep Fundamental Research
Our team of seasoned research professionals have developed both a macro and fundamental view of BTC and ETH.
Performance
Review performance across multiple time frames and sources of return, including the distributions rate and capital appreciation.
Average Annual Total Returns
| Franklin Templeton Digital Assets Dynamic BTC/ETH SMA As of 09/30/2025 | 3-mo* | 6-mo* | 1-Yr | Since Inception 03/31/2023 |
|---|---|---|---|---|
| Gross of Fees (USD) | 11.73% | 46.74% | 75.75% | 64.91% |
| Net of Fees (USD) | 10.94% | 44.72% | 70.82% | 60.25% |
Portfolio
Holdings
As of 09/30/2025 % of Total Updated Quarterly
Portfolio characteristics are based on a representative account taken from the Franklin Templeton Digital Assets Dynamic BTC/ETH SMA Composite. A representative portfolio may vary significantly from other similarly managed separate accounts, depending on a variety of factors, such as portfolio size, specific investment guidelines and inception date of the account. Weight based on market cap as of September 30, 2025. Percentage may not total 100% due to rounding. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change.
Portfolio manager
The Franklin Templeton Digital Assets Investment Strategies team is led by Tony Pecore, who is supported by 12 investment team members. These investment professionals are dedicated to fundamental and quantitative research, data science, and trading for digital assets.
Anthony Pecore
Senior Vice President Director,
Digital Asset Manager
Knowledge hub
Insight
Bitcoin as an investable asset
Learn more about the opportunity offered by the introduction of spot bitcoin ETFs.
Insight
Understanding the value of the Ethereum network
Ethereum’s extensive developer community and its leading role in sectors like decentralized finance, non-fungible tokens and gaming highlight its significant impact on the decentralized digital economy and its position at the forefront of Web3 innovation.
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The rise of Bitcoin Layers
This article examines Bitcoin layers—a decentralized financial system for decentralized money.
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Mythbusting: Four things investors often get wrong about crypto
The Franklin Templeton Digital Asset team believes cryptocurrencies are much more than the misconceptions that often surround them and as the asset class matures, investors need to move beyond myths and evaluate cryptocurrencies with a nuanced, informed perspective.
Documents
Name
Franklin Templeton Digital Assets Dynamic BTC/ETH SMA Factsheet
Franklin Templeton Digital Assets Dynamic BTC/ETH SMA Portfolio Commentary
Glossary
Stablecoin
A digital asset where the value is tied, to that of another currency, commodity or financial instrument.
Tokenomics
The topic of understanding the supply, demand and economics characteristics of digital assets.
Meme coins
A digital asset that's inspired by an internet meme or viral image
All investments involve risks, including possible loss of principal. Digital assets are subject to risks relating to immature and rapidly developing technology, security vulnerabilities of this technology, (such as theft, loss, or destruction of cryptographic keys), conflicting intellectual property claims, credit risk of digital asset exchanges, regulatory uncertainty, high volatility in their value/price, unclear acceptance by users and global marketplaces, and manipulation or fraud. Portfolio manager(s), service providers to the portfolios and other market participants increasingly depend on complex information technology and communications systems to conduct business functions. These systems are subject to a number of different threats or risks that could adversely affect the portfolio and their investors, despite the efforts of the portfolio manager(s) and service providers to adopt technologies, processes and practices intended to mitigate these risks and protect the security of their computer systems, software, networks and other technology assets, as well as the confidentiality, integrity and availability of information belonging to the portfolios and their investors. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Active management does not ensure gains or protect against market declines. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value.
Important Information
Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee.
On December 1, 2022, Legg Mason Private Portfolio Group, LLC (LMPPG) changed its name to Franklin Templeton Private Portfolio Group, LLC (FTPPG).
These materials are being provided for illustrative and informational purposes only. The information contained herein is obtained from multiple sources that are believed to be reliable. However, such information has not been verified, and may be different from the information included in documents and materials created by the sponsor firm in whose investment program a client participates. Some sponsor firms may require that these materials be preceded or accompanied by investment profiles or other documents or materials prepared by such sponsor firms, which will be provided upon a client’s request. For additional information, documents and/or materials, please speak to your financial professional or contact your sponsor firm.
Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
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