Franklin Balanced A
- FBLAX
- Price as of: Nov 20, 2020
-
$12.45
N/A N/A
- Primary Theme
- U.S. Balanced Allocation
- Fund Company
- Franklin Templeton
- Share Class
FBLAX - Snapshot
Vitals
- YTD Return -1.3%
- 3 Yr Annualized Return 4.0%
- 5 Yr Annualized Return 5.6%
- Net Assets $3.53 B
- Holdings in Top 10 18.0%
52 WEEK LOW AND HIGH
$12.45
$9.88
$13.00
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.96%
SALES FEES
- Front Load 5.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 53.02%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $250
Fund Classification
-
Primary Theme
U.S. Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--50% to 70% Equity
FBLAX - Profile
Distributions
- YTD Total Return -1.3%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Managed Income Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateJul 03, 2006
-
Shares Outstanding244041239
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEdward Perks
FBLAX - Performance
Return Ranking - Trailing
| Period | FBLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -40.7% | 26.7% | 92.22% |
| 1 Yr | -1.1% | -21.7% | 26.7% | 84.97% |
| 3 Yr | 4.0%* | -4.7% | 12.9% | 70.32% |
| 5 Yr | 5.6%* | -0.8% | 11.3% | 67.79% |
| 10 Yr | 6.8%* | 0.4% | 11.8% | 63.57% |
* Annualized
Return Ranking - Calendar
| Period | FBLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 9.8% | -5.8% | 25.7% | 84.13% |
| 2018 | -7.1% | -32.7% | 0.0% | 8.03% |
| 2017 | 4.4% | -6.5% | 22.4% | 82.79% |
| 2016 | 7.0% | -43.7% | 23.3% | 11.35% |
| 2015 | -5.9% | -32.5% | 2.6% | 42.25% |
Total Return Ranking - Trailing
| Period | FBLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -40.7% | 26.7% | 92.22% |
| 1 Yr | -6.5% | -21.7% | 26.7% | 94.02% |
| 3 Yr | 2.0%* | -4.7% | 12.9% | 84.60% |
| 5 Yr | 4.5%* | -0.8% | 11.3% | 84.94% |
| 10 Yr | 6.2%* | 0.4% | 11.8% | 77.80% |
* Annualized
Total Return Ranking - Calendar
| Period | FBLAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 10.1% | -5.8% | 25.7% | 82.06% |
| 2018 | -3.2% | -32.7% | 0.8% | 6.10% |
| 2017 | 9.5% | -3.7% | 31.9% | 76.83% |
| 2016 | 12.0% | -43.7% | 23.3% | 4.61% |
| 2015 | -2.8% | -32.5% | 5.6% | 55.04% |
NAV & Total Return History
FBLAX - Holdings
Concentration Analysis
| FBLAX | Category Low | Category High | FBLAX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.53 B | 716 K | 166 B | 22.76% |
| Number of Holdings | 143 | 2 | 14317 | 46.63% |
| Net Assets in Top 10 | 637 M | 654 K | 30 B | 43.78% |
| Weighting of Top 10 | 18.01% | 9.3% | 100.0% | 88.40% |
Top 10 Holdings
- Txn 8.50% Eln Issued By Bnp Pa 2.75%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
- Txn 8.50% Eln Issued By Bnp Pa 2.66%
Asset Allocation
| Weighting | Return Low | Return High | FBLAX % Rank | |
|---|---|---|---|---|
| Stocks | 47.13% | 0.00% | 134.22% | 93.71% |
| Bonds | 30.28% | -2.18% | 97.64% | 70.66% |
| Preferred Stocks | 13.53% | 0.00% | 28.13% | 1.20% |
| Other | 4.85% | -3.55% | 30.21% | 9.15% |
| Cash | 3.75% | -34.22% | 89.35% | 55.47% |
| Convertible Bonds | 0.46% | 0.00% | 26.75% | 46.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FBLAX % Rank | |
|---|---|---|---|---|
| Utilities | 22.88% | 0.00% | 100.00% | 1.80% |
| Financial Services | 17.38% | 0.00% | 100.00% | 11.24% |
| Healthcare | 14.49% | 0.00% | 36.21% | 43.03% |
| Consumer Defense | 13.84% | 0.00% | 17.85% | 1.80% |
| Industrials | 9.49% | 0.00% | 35.09% | 55.47% |
| Energy | 7.67% | 0.00% | 90.89% | 4.95% |
| Communication Services | 5.87% | 0.00% | 43.64% | 89.06% |
| Technology | 4.57% | 0.00% | 48.90% | 96.70% |
| Basic Materials | 2.56% | 0.00% | 30.87% | 75.86% |
| Consumer Cyclical | 1.10% | 0.00% | 24.29% | 96.70% |
| Real Estate | 0.14% | 0.00% | 100.00% | 94.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FBLAX % Rank | |
|---|---|---|---|---|
| US | 40.61% | 0.13% | 131.11% | 73.16% |
| Non US | 6.52% | 0.00% | 33.15% | 64.17% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FBLAX % Rank | |
|---|---|---|---|---|
| Corporate | 79.80% | 0.00% | 99.06% | 2.70% |
| Cash & Equivalents | 7.76% | 0.08% | 100.00% | 69.57% |
| Government | 6.83% | 0.00% | 99.53% | 89.51% |
| Securitized | 5.62% | 0.00% | 59.07% | 79.46% |
| Derivative | 0.00% | 0.00% | 32.58% | 72.86% |
| Municipal | 0.00% | 0.00% | 24.46% | 86.06% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FBLAX % Rank | |
|---|---|---|---|---|
| US | 27.64% | -6.66% | 74.69% | 60.42% |
| Non US | 2.64% | -7.18% | 73.06% | 68.37% |
FBLAX - Expenses
Operational Fees
| FBLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.01% | 4.93% | 42.79% |
| Management Fee | 0.56% | 0.00% | 1.75% | 67.78% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.28% |
| Administrative Fee | 0.20% | 0.01% | 0.83% | 85.25% |
Sales Fees
| FBLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.00% | 5.75% | 57.69% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FBLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FBLAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 53.02% | 0.00% | 484.00% | 59.08% |
FBLAX - Distributions
Dividend Yield Analysis
| FBLAX | Category Low | Category High | FBLAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 8.99% | 57.87% |
Dividend Distribution Analysis
| FBLAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| FBLAX | Category Low | Category High | FBLAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.36% | -0.99% | 11.02% | 13.41% |
Capital Gain Distribution Analysis
| FBLAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 19, 2019 | $0.036 |
| Feb 20, 2019 | $0.030 |
| Jan 17, 2019 | $0.030 |
| Nov 19, 2018 | $0.030 |
| Oct 17, 2018 | $0.030 |
| Sep 19, 2018 | $0.030 |
| Aug 17, 2018 | $0.030 |
| Jul 18, 2018 | $0.030 |
| Jun 19, 2018 | $0.030 |
| May 17, 2018 | $0.030 |
| Apr 18, 2018 | $0.030 |
| Mar 19, 2018 | $0.030 |
| Feb 20, 2018 | $0.030 |
| Jan 18, 2018 | $0.030 |
| Dec 19, 2017 | $0.030 |
| Nov 17, 2017 | $0.030 |
| Oct 18, 2017 | $0.030 |
| Sep 19, 2017 | $0.030 |
| Aug 17, 2017 | $0.030 |
| Jul 19, 2017 | $0.030 |
| Jun 19, 2017 | $0.030 |
| May 17, 2017 | $0.030 |
| Apr 19, 2017 | $0.030 |
| Mar 17, 2017 | $0.030 |
| Feb 17, 2017 | $0.030 |
| Jan 19, 2017 | $0.030 |
| Nov 17, 2016 | $0.030 |
| Oct 19, 2016 | $0.030 |
| Sep 19, 2016 | $0.030 |
| Aug 17, 2016 | $0.030 |
| Jul 19, 2016 | $0.030 |
| Jun 17, 2016 | $0.030 |
| May 18, 2016 | $0.030 |
| Apr 19, 2016 | $0.030 |
| Mar 17, 2016 | $0.030 |
| Feb 18, 2016 | $0.030 |
| Jan 20, 2016 | $0.030 |
| Dec 17, 2015 | $0.030 |
| Nov 18, 2015 | $0.030 |
| Oct 19, 2015 | $0.030 |
| Sep 17, 2015 | $0.030 |
| Aug 19, 2015 | $0.030 |
| Jul 17, 2015 | $0.030 |
| Jun 17, 2015 | $0.030 |
| May 19, 2015 | $0.030 |
| Apr 17, 2015 | $0.030 |
| Mar 18, 2015 | $0.030 |
| Feb 19, 2015 | $0.030 |
| Jan 20, 2015 | $0.030 |
| Nov 19, 2014 | $0.030 |
| Oct 17, 2014 | $0.030 |
| Sep 17, 2014 | $0.030 |
| Aug 19, 2014 | $0.030 |
| Jul 17, 2014 | $0.030 |
| Jun 18, 2014 | $0.030 |
| May 19, 2014 | $0.030 |
| Apr 17, 2014 | $0.030 |
| Mar 19, 2014 | $0.030 |
| Feb 20, 2014 | $0.030 |
| Jan 17, 2014 | $0.030 |
| Dec 18, 2013 | $0.030 |
| Nov 19, 2013 | $0.030 |
| Oct 17, 2013 | $0.030 |
| Sep 18, 2013 | $0.030 |
| Aug 19, 2013 | $0.030 |
| Jul 17, 2013 | $0.030 |
| Jun 19, 2013 | $0.030 |
| May 17, 2013 | $0.030 |
| Apr 17, 2013 | $0.030 |
| Mar 19, 2013 | $0.030 |
| Feb 20, 2013 | $0.030 |
| Jan 17, 2013 | $0.030 |
| Nov 19, 2012 | $0.030 |
| Oct 17, 2012 | $0.030 |
| Sep 19, 2012 | $0.030 |
| Aug 17, 2012 | $0.030 |
| Jul 18, 2012 | $0.030 |
| Jun 19, 2012 | $0.030 |
| May 17, 2012 | $0.030 |
| Apr 18, 2012 | $0.030 |
| Mar 19, 2012 | $0.030 |
| Feb 17, 2012 | $0.030 |
| Jan 19, 2012 | $0.030 |
| Nov 17, 2011 | $0.030 |
| Oct 19, 2011 | $0.030 |
| Sep 19, 2011 | $0.030 |
| Aug 17, 2011 | $0.030 |
| Jul 19, 2011 | $0.030 |
| Jun 17, 2011 | $0.030 |
| May 18, 2011 | $0.030 |
| Apr 19, 2011 | $0.030 |
| Mar 17, 2011 | $0.030 |
| Feb 17, 2011 | $0.030 |
| Jan 20, 2011 | $0.030 |
| Dec 17, 2010 | $0.030 |
| Nov 17, 2010 | $0.030 |
| Oct 19, 2010 | $0.030 |
| Sep 17, 2010 | $0.030 |
| Aug 11, 2010 | $0.030 |
| Jul 19, 2010 | $0.030 |
| Jun 17, 2010 | $0.030 |
| May 19, 2010 | $0.030 |
| Apr 19, 2010 | $0.030 |
| Mar 17, 2010 | $0.030 |
| Feb 18, 2010 | $0.030 |
| Jan 20, 2010 | $0.030 |
| Dec 17, 2009 | $0.030 |
| Nov 18, 2009 | $0.030 |
| Oct 19, 2009 | $0.030 |
| Sep 17, 2009 | $0.030 |
| Aug 19, 2009 | $0.030 |
| Jul 17, 2009 | $0.030 |
| Jun 17, 2009 | $0.030 |
| May 19, 2009 | $0.030 |
| Apr 17, 2009 | $0.030 |
| Mar 18, 2009 | $0.030 |
| Feb 19, 2009 | $0.030 |
| Jan 20, 2009 | $0.030 |
| Dec 17, 2008 | $0.032 |
| Nov 19, 2008 | $0.030 |
| Oct 17, 2008 | $0.030 |
| Sep 17, 2008 | $0.030 |
| Aug 19, 2008 | $0.030 |
| Jul 17, 2008 | $0.030 |
| Jun 17, 2008 | $0.030 |
| May 19, 2008 | $0.030 |
| Apr 17, 2008 | $0.030 |
| Mar 19, 2008 | $0.084 |
| Dec 19, 2007 | $0.084 |
| Sep 19, 2007 | $0.084 |
| Jun 19, 2007 | $0.078 |
| Mar 19, 2007 | $0.055 |
| Dec 19, 2006 | $0.112 |
| Sep 19, 2006 | $0.067 |
FBLAX - Fund Manager Analysis
Managers
Edward Perks
Start Date
Tenure
Tenure Rank
Jul 03, 2006
14.34
14.3%
Edward Perks is chief investment officer of Franklin Templeton Multi-Asset Solutions and president of Franklin Advisers, Inc. In this role, Mr. Perks has oversight of myriad multi-asset investment capabilities designed to meet client needs for specific investment solutions. Mr. Perks joined Franklin Templeton in 1992.Mr. Perks holds a B.A. in economics and political science from Yale University. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and the Security Analysts of San Francisco (SASF).
Todd Brighton
Start Date
Tenure
Tenure Rank
Mar 01, 2017
3.67
3.7%
Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies. Mr. Brighton joined Franklin Templeton in 2000. He is a Chartered Financial Analyst (CFA) charterholder and a member of the CFA Institute and the CFA Society of San Francisco.
Brendan Circle
Start Date
Tenure
Tenure Rank
Mar 01, 2019
1.67
1.7%
Brendan Circle is a vice president, portfolio manager, and research analyst for Franklin Templeton Multi-Asset Solutions. In this role, Mr. Circle serves as a comanager of Franklin Income Fund and related portfolios, as well as Franklin Managed Income Fund. He also specializes in analyzing investment opportunities across the fixed income markets for the Multi-Asset Solutions team. Mr. Circle joined Franklin Templeton in 2014. Mr. Circle is a Chartered Financial Analyst (CFA) Charterholder, as well as a member of the CFA Institute and the CFA Society of San Francisco.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 36.86 | 6.24 | 0.83 |