Consider These 4 Franklin Templeton Funds for Your Portfolio
Founded in 1947, Franklin Templeton Investments prides itself in offering "exceptional asset management" to its clients in more than 170 nations. It has presence in 34 countries and more than 650 investment professionals. With around $717.1-billion assets under management as of Dec 31, 2018, Franklin Templeton Investments is a well-known global investment management firm. The company offers investment management strategies and integrated risk management solutions to individuals, institutions, pension plans, trusts and partnerships.
Below we share with you four best-ranked Franklin Templeton mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of all Franklin Templeton mutual funds, their Zacks Rank and past performance.
Franklin Convertible Securities Fund Adv FCSZX seeks maximum total returns through appreciation of capital and a high level of current income. FCSZX invests the major portion of its assets in convertible securities. Though FCSZX may invest all its assets in non-investment grade securities, it invests a maximum of 10% of its assets in unrated securities or that are rated below B. Franklin Convertible Securities Fund has three-year annualized returns of 15.1%.
FCSZX has an expense ratio of 0.60% compared with the category average of 1.22%.
Franklin Small-Mid Cap Growth R FSMRX seeks appreciation of capital in the long run. The fund invests the lion’s share of its assets in equity securities of small and mid-cap companies. Franklin Small-Mid Cap Growth R has three-year annualized returns of 14.2%.
Michael McCarthy is the fund manager of FSMRX since 1993.
Franklin Income A1 FKINX aims for maximum income while keeping scope for capital growth. The fund invests in a portfolio of equity and debt securities, with common stocks primarily constituting the equity securities. The fund may invest all its net assets in debt securities that are rated below investment grade. Franklin Income A1 has three-year annualized returns of 8.8%.
FKINX has an expense ratio of 0.62% compared with the category average of 0.79%.
Franklin High Yield Tax-Free Income A FRHIX invests the major portion of its assets in securities that are expected to provide yield exempted from federal income taxes, including the federal alternative minimum tax. FRHIX seeks a high level of tax-free income. The fund primarily invests in municipal securities, which may also include defaulted securities. Franklin High Yield Tax-Free Income A has returned 2.6% over the past three years.
As of November 2018, FRHIX held 653 issues, with 1.93% of its assets invested in SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%.
To view the Zacks Rank and the past performance of all Franklin Templeton mutual funds, investors can click here to see the complete list of funds.
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