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3 Franklin Templeton Funds for Spectacular Returns

Zacks Equity Research

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 $692.6 billion assets under management as of Sep 30, 2019, 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) or 2 (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 three-year annualized returns of 3.2%.

As of November 2019, FGADX held 81 issues with 6.75% of its assets invested in B2Gold Corp.

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Franklin Real Estate Securities Fund Class A FREEX invests about four-fifth of its assets in equity securities of companies from the real estate sector — primarily the real estate investment trusts (REITs). FREEX has three-year annualized returns of 9%.

FREEX has an expense ratio of 1.00% compared with the category average of 1.23%.

Franklin Michigan Tax-Free Income Fund Class C FRMTX aims to provide a high level of income, which is exempt from federal income tax as well as Michigan personal income taxes. Further, this income is also consistent with prudent investment management as well as preservation of shareholders’ capital. FRMTX has three-year annualize returns of 3.3%.

John Pomeroy has been the fund manager of FRMTX since 1989.

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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Zacks Investment Research