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 650 investment professionals. With around $752-billion assets under management as of Oct 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-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 - Free Report) 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 returned 12.3% in a year's time.
T. Anthony Coffey is the fund manager of FTCOX since 2003.
Templeton Global Smaller Companies Fund Class A (TEMGX - Free Report) seeks to invest the majority of its assets in securities of small-cap companies across the globe. It primarily invests in common stocks of companies based in emerging economies. The fund may invest about 40% of its assets in foreign securities. Templeton Global Smaller Companies Fund Class A has one-year annualized returns of 15.7%.
TEMGX has an annual expense ratio of 1.39% compared with the category average of 1.42%.
Franklin Growth Allocation Fund Class A (FGTIX - Free Report) seeks maximization of returns for the long run. FGTIX invests mainly in other Franklin Templeton mutual funds and exchange traded funds. It invests a bulk of its assets in equity funds and one-fifth of its assets in fixed-income funds. Franklin Growth Allocation Fund Class A has returned 11.4% in a year.
As of April 2018, FGTIX held 24 issues, with 16.9% 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.
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 >>