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3 Franklin Templeton Funds to Add to Your Portfolio

Zacks Equity Research
·2 min read

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 35 countries and more than 600 investment professionals. With around $688 billion assets under management as of Jan 31, 2020, 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 Gold and Precious Metals Fund Advisor Class FGADX aims for capital growth. The fund invests the majority of its assets in securities of gold and precious metals operation companies. The non-diversified fund also invests in American, Global and European Depositary Receipts. It may purchase securities of gold and precious metals operation companies located globally. FGADX five-year annualized returns of 2.4%.

As of the end of March 2020, FGADX held 104 issues with 7.70% of its assets invested in Barrick Gold Corp.

Franklin Utilities Fund Class A1 FKUTX aims for capital growth and current income. The fund invests the majority of its assets in the equity securities of utilities companies. FKUTX has returned 6.9% in past five years.

FKUTXhas an expense ratio of 0.73% compared with the category average of 1.11%.

Franklin Small Cap Growth Fund Class R FSSRX seeks appreciation of capital in the long run. The fund invests the majority of its assets in equity securities of companies with market capitalization of less than $1.5 billion or the highest market capitalization on the Russell 2000 Index, whichever is greater, at the time the security is purchased. FSSRX has five-year annualized returns of 2.3%.

Michael McCarthy has been the fund manager of FSSRX since 2000.

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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