3 Strong Buy Franklin Templeton Mutual Funds

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 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 19.7% in a year's time.

T. Anthony Coffey is the fund manager of FTCOX since 2003.

Franklin DynaTech Fund Class A FKDNX mostly invests in companies that are expected to be leaders in innovation, have better management, can reap the benefits of new technologies and advantages of new industry situations in a fluctuating global economy. FKDNX seeks growth of capital. Franklin DynaTech Fund Class A has returned 38.9% in a year.

FKDNX has an expense ratio of 0.90% compared with the category average of 1.12%.

Franklin Growth Allocation Fund Class A FGTIX 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 19.4% in the last year.

As of September 2017, FGTIX held 22 issues, with 17% 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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