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3 Best Mutual Funds in the Franklin Templeton Basket

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With around $737.3 billion assets under management, Franklin Templeton Investments is considered one of the well-known global investment management firms. Founded in 1947, the company offers investment management strategies and integrated risk management solutions to individuals, institutions, pension plans, trusts and partnerships. With over 600 investment professionals, Franklin Templeton manages a wide range of mutual funds across different categories including both equity and fixed income.

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 CA Tax-Free Income A FKTFX invests a major portion of its assets in municipal securities that are rated investment-grade and exempted from federal alternative minimum tax as well as California personal income taxes. FKTFX may invest not more than 20% of its assets that are subject to the federal alternative minimum tax. A maximum of 35% of FKTFX’s assets may be invested in securities of the U.S. territories. Franklin CA Tax-Free Income A has a three-year annualized return of 8.8%.

FKTFX has an expense ratio of 0.57% as compared to the category average of 0.89%.

Franklin International Small Cap Growth Advisor (FKSCX - Free Report) seeks long-term capital appreciation. FKSCX invests the majority of its assets in a wide range of tradable equity and related securities of small foreign companies. It focuses on purchasing common stock. Franklin International Small Cap Growth Advisor has a three-year annualized return of 2%.

Edwin Lugo is the fund manager  since 2006.

Franklin California High Yield Municipal Advisor FVCAX invests a large share of its assets in municipal securities that pay interest, which is exempted from taxes collected by the government and the State of California. FVCAX may also invest all of its assets in instruments that provide return subject to minimum tax. The fund may invest a maximum of 35% of its assets in municipal bonds approved by the US territories including Puerto Rico. Franklin California High Yield Municipal Advisor has a three-year annualized return of 10.3%.

FVCAX has an expense ratio of 0.55% as compared to a category average of 0.89%.

To view the Zacks Rank and past performance of all Franklin Templeton mutual funds, investors can click here to see the complete list of funds.

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