Advertisement
Australia markets closed

  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     

  • AUD/USD

    0.6414
    -0.0031 (-0.49%)
     

  • ASX 200

    7,612.50
    -140.00 (-1.81%)
     

  • OIL

    85.07
    -0.34 (-0.40%)
     

  • GOLD

    2,388.90
    +5.90 (+0.25%)
     

  • Bitcoin AUD

    97,809.67
    -5,658.11 (-5.47%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

3 Best Franklin Templeton Mutual Funds to Buy Now

Zacks Equity Research
Updated
Mitsubishi UFJ Financial Group (MUFG) reports impressive earnings for the first six months of fiscal 2018 (Sep 30, 2018), driven by low credit costs and strong capital.

Founded in 1947, Franklin Templeton Investments prides itself in offering "exceptional asset management" to its clients in more than 170 nations throughout the globe. It has presence in 34 countries and more than 600 investment professionals. With around $724.1-billion assets under management as of Jun 30, 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 three best-ranked Franklin Templeton mutual funds. Each has earned a Zacks Mutual Fund Rank #1  (Strong 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 Corefolio Allocation A FTCOX seeks growth of capital. FTCOX invests its assets in a variety of funds, including Franklin Flex Cap Growth Fund, Franklin Growth Fund, Mutual Shares Fund and Templeton Growth Fund. Funds, in which FTCOX allocates its assets, tend to invest in both domestic and foreign equity securities. Franklin Corefolio Allocation A has three-year annualized returns of 13.8%.

T. Anthony Coffey is the fund manager of FTCOX since 2003.

ADVERTISEMENT

Franklin Convertible Securities A FISCX invests a bulk of its assets in convertible securities. FISCX may invest almost all its assets in securities rated lower than investment grade. The fund may invest about one-fifth of its assets in preferred and common stocks as well as non-convertible debt securities. Franklin Convertible Securities A has three-year annualized returns of 14.8%.

As of August 2018, FISCX held 84 issues, with 2.07% of its assets invested in Square Inc 0.5%.

Franklin Convertible Securities Fund AdvFCSZX seeks maximum total returns through appreciation of capital and a high level of current income. FCSZX invests a major portion of its assets in convertible securities. Though FCSZX may invest all of 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%.

FCSZX has an expense ratio of 0.59% compared with the category average of 1.24%.

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.

Want key mutual fund info delivered straight to your inbox?

Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Get Your Free (FISCX): Fund Analysis Report
 
Get Your Free (FTCOX): Fund Analysis Report
 
Get Your Free (FCSZX): Fund Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research