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 over 650 investment professionals. With around $747.6 billion assets under management as of Aug 31, 2017, 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 top-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 California Tax-Free Income Fund Class A (FKTFX - Free Report) invests the lion's share of its assets in municipal securities which are rated investment grade and offer interest free from federal income taxes like federal alternative minimum tax and California personal income taxes. The fund may also invest about one-fifths of its assets in securities which might be subject to federal alternative minimum tax. It seeks to provide investors an exemption from federal taxes. Franklin California Tax-Free Income Fund Class A has three-year annualized returns of 3.4%.
Franklin California Tax-Free Income Fund Class A has an expense ratio of 0.59% compared with the category average of 0.83%
Franklin Growth Opportunities Fund Class A (FGRAX - Free Report) invests in equity securities of companies with rising profitability and above-average growth potential. FGRAX seeks to invest in common stocks of mid-cap and small-cap companies. The fund invests primarily in the consumer discretionary, technology and healthcare sectors. Franklin Growth Opportunities Fund Class A has three-year annualized returns of 12.7%.
Sara Agrahi is one of the fund managers of FGRAX since 2016.
Franklin Growth Allocation Fund Advisor Class (FGTZX - Free Report) seeks long-term appreciation of capital. The fund invests primarily in other Franklin Templeton mutual funds and is therefore called a fund of funds. It invests the lion’s share of its assets in equity funds and about one-fifths of the same in fixed-income funds. Franklin Growth Allocation Fund Advisor Class has three-year annualized returns of 9.1%.
As of June 2017, FGTZX held 22 issues with 17.4% of its assets invested in Franklin Growth R6.
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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