FBLAX: Franklin Balanced A

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FBLAX Franklin Balanced A

  • Fund
  • FBLAX
  • Price as of: Oct 16, 2019
  • $12.67 - $0.00 - 0.00%
  • Primary Category
  • Uncategorized

FBLAX - Profile

Vitals

  • YTD Return 10.6%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $3.76 B
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$12.67
$11.13
$12.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 63.64%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 10.8%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.22%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Managed Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Jul 03, 2006
  • Shares Outstanding 230400143
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Edward D. Perks

FBLAX - Performance

Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -39.8% 28.6% 50.60%
1 Yr 5.6% -95.5% 33.0% 16.33%
3 Yr 2.8%* -62.9% 25.3% 43.01%
5 Yr 2.0%* -45.4% 14.3% 38.36%
10 Yr 3.8%* -37.9% 15.6% 54.31%

* Annualized


Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.1% -93.5% 19.0% 24.17%
2017 4.4% -44.7% 46.3% 65.08%
2016 7.0% -84.5% 146.1% 13.79%
2015 -5.9% -40.7% 14.6% 45.35%
2014 2.8% -35.0% 306.6% 27.36%

Total Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -39.8% 28.6% 47.49%
1 Yr 7.7% -24.5% 33.0% 8.76%
3 Yr 6.7%* -49.9% 25.3% 24.42%
5 Yr 5.9%* -40.3% 14.3% 21.08%
10 Yr 7.9%* -37.9% 15.4% 27.72%

* Annualized


Total Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.2% -27.2% 19.0% 12.29%
2017 9.5% -44.7% 46.3% 50.83%
2016 12.0% -84.5% 146.1% 7.85%
2015 -2.8% -36.9% 14.6% 53.12%
2014 7.5% -35.0% 306.6% 31.67%

NAV & Total Return History

FBLAX - Holdings

Concentration Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Assets 3.76 B 595 K 150 B 13.38%
Number of Holdings 151 2 13525 46.16%
Net Assets in Top 10 590 M -32.5 M 27.3 B 24.70%
Weighting of Top 10 15.96% 9.0% 808.8% 91.93%

Top 10 Holdings

  1. United States Treasury Notes 2.75% 2.73%

  2. Jpmorgan Chase Bk Na Pfd 0% 1.76%

  3. Ubs Ag London 0% 1.57%

  4. Nestle SA 1.52%

  5. JPMorgan Chase & Co 1.48%

  6. United States Treasury Notes 2.88% 1.43%

  7. United States Treasury Notes 2.75% 1.38%

  8. Wells Fargo & Co 1.38%

  9. United States Treasury Notes 2.25% 1.35%

  10. AstraZeneca PLC ADR 1.34%


Asset Allocation

Weighting Return Low Return High FBLAX % Rank
Bonds
40.86% -35.77% 80.79% 48.33%
Stocks
39.11% -41.01% 85.51% 59.25%
Preferred Stocks
11.27% 0.00% 49.94% 3.64%
Cash
6.82% -46.53% 72.58% 32.38%
Convertible Bonds
1.94% 0.00% 88.42% 12.80%
Other
0.00% -36.58% 100.69% 91.44%

Stock Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Healthcare
6.38% -6.04% 21.65% 41.46%
Financial Services
5.80% -7.21% 29.64% 58.34%
Industrials
4.85% -2.39% 24.83% 42.76%
Consumer Defense
4.74% -4.20% 11.56% 26.17%
Energy
3.64% -2.02% 67.98% 24.58%
Technology
3.31% -18.03% 25.15% 78.32%
Communication Services
2.80% -6.69% 6.14% 14.89%
Utilities
1.73% -2.30% 56.62% 41.66%
Consumer Cyclical
1.38% -10.48% 41.19% 83.82%
Basic Materials
0.85% -1.69% 15.06% 71.63%
Real Estate
0.65% -8.18% 50.68% 77.22%

Stock Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US
29.88% -41.02% 95.72% 59.35%
Non US
9.23% -71.32% 29.49% 26.18%

Bond Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Corporate
47.02% -8.79% 89.23% 6.40%
Government
6.90% -149.28% 80.79% 73.33%
Cash & Equivalents
6.82% -46.36% 335.52% 30.02%
Securitized
0.15% 0.00% 45.59% 75.89%
Derivative
0.00% -84.86% 22.55% 75.89%
Municipal
0.00% 0.00% 58.02% 91.24%

Bond Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US
38.85% -36.43% 358.36% 46.85%
Non US
2.01% -302.38% 18.65% 69.69%

FBLAX - Expenses

Operational Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.00% 18.45% 53.45%
Management Fee 0.56% 0.00% 2.00% 54.09%
12b-1 Fee 0.25% 0.00% 1.00% 53.74%
Administrative Fee 0.20% 0.00% 0.83% 80.41%

Sales Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 55.73%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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 63.64% 0.00% 1373.00% 61.80%

FBLAX - Distributions

Dividend Yield Analysis

FBLAX Category Low Category High FBLAX % Rank
Dividend Yield 0.99% 0.00% 11.89% 33.17%

Dividend Distribution Analysis

FBLAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Income Ratio 2.22% -4.09% 6.65% 27.83%

Capital Gain Distribution Analysis

FBLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FBLAX - Managers

Edward D. Perks

Manager

Start Date

Tenure

Tenure Rank

Jul 03, 2006

13.25

13.3%

Edward Perks, CFA, executive vice president is chief investment officer of Franklin Templeton's equity teams, overseeing Franklin Equity Group, Templeton Global Equity Group, Franklin Mutual Series and Franklin U.S. Value. He is also a member of Franklin Resources' executive committee, a nine-member group responsible for shaping the company's overall strategy. Mr. Perks is lead portfolio manager for Franklin U.S. Monthly Income Fund, U.S.-based Franklin Income Fund and related portfolios. Mr. Perks holds a B.A. in economics and political science from Yale University.


Alan E. Muschott

Manager

Start Date

Tenure

Tenure Rank

Jul 03, 2006

13.25

13.3%

Mr. Muschott is a vice president of Franklin Advisers, Inc. He has been with Franklin Templeton Investments since 1998. Mr. Muschott holds the Chartered Financial Analyst designation.


Shawn Lyons

Manager

Start Date

Tenure

Tenure Rank

Jul 03, 2006

13.25

13.3%

Shawn Lyons is the head of the Money Market group and portfolio manager of the taxable money funds. Mr. Lyons joined Franklin Templeton Investments in 1996. Mr. Lyons received a Bachelor of Arts degree in economics from the University of California at Berkeley. He is a Chartered Financial Analyst (CFA) and a member of the Security Analysts of San Francisco (SASF) and the Association for Investment Management and Research (AIMR).


Todd Brighton

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.58

2.6%

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. He is also a co-manager of the Franklin Income Fund, the Franklin Managed Income Fund, and the Franklin Equity Income Fund. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies.


Brendan Circle

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.58

0.6%

Brendan Circle, CFA (Portfolio Manager and Research Analyst of Franklin Advisers, Inc.) is a portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. His portfolio manager responsibilities include assisting in the management of multi-asset strategies. Mr. Circle also specializes in the analysis of high yield corporate bonds. Mr. Circle joined Franklin Templeton in 2014 upon graduation from business school at the University of Chicago Booth School of Business. Previously, he was a research analyst for the Franklin Templeton Fixed Income Group, focusing on high yield corporate bonds. Prior to business school, Mr. Circle worked as a senior portfolio management associate at PIMCO, specializing in Global Investment Grade Credit portfolio strategies. Mr. Circle holds an A.B. in economics from Princeton University and an M.B.A. from the University of Chicago Booth School of Business. Mr. Circle is a Chartered Financial Analyst (CFA), as well as a member of the CFA Institute and the CFA Society of San Francisco.


Tenure Analysis

Category Low

0.0

Category High

35.77

Category Average

6.86

Category Mode

7.37