FBLAX: Franklin Balanced A

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FBLAX Franklin Balanced A


Profile

FBLAX - Profile

Vitals

  • YTD Return -6.0%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $3.68 B
  • Holdings in Top 10 16.9%

52 WEEK LOW AND HIGH

$11.82
$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 Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -6.0%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    244981974
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Perks

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Categories

Performance

FBLAX - Performance

Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.0% -29.0% 5.2% 67.50%
1 Yr -7.0% -26.5% 6.8% 72.26%
3 Yr -1.3%* -12.1% 2.2% 43.61%
5 Yr 1.8%* -6.1% 3.0% 18.64%
10 Yr 2.5%* -3.9% 3.9% 18.92%

* Annualized

Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -3.0% 21.6% 46.00%
2018 -7.1% -23.1% -4.0% 16.91%
2017 4.4% -12.4% 13.7% 61.60%
2016 7.0% -3.4% 10.2% 10.40%
2015 -5.9% -16.1% -0.7% 38.60%

Total Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.0% -29.0% 5.2% 67.50%
1 Yr -7.0% -26.5% 7.2% 72.26%
3 Yr 1.1%* -10.1% 4.3% 26.32%
5 Yr 4.8%* -6.1% 6.8% 8.47%
10 Yr 6.2%* -2.2% 7.9% 12.16%

* Annualized

Total Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.1% -3.0% 21.6% 52.67%
2018 -3.2% -23.1% -0.6% 12.50%
2017 9.5% 2.1% 16.5% 40.00%
2016 12.0% -1.6% 16.7% 7.20%
2015 -2.8% -16.1% 3.2% 42.11%

NAV & Total Return History


Holdings

FBLAX - Holdings

Concentration Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Assets 3.68 B 971 K 65.5 B 11.25%
Number of Holdings 152 1 3360 68.75%
Net Assets in Top 10 617 M -97.3 M 9.5 B 20.63%
Weighting of Top 10 16.88% 9.0% 200.7% 71.33%

Top 10 Holdings

  1. Txn 8.50% Eln Issued By Bnp Pa 2.51%
  2. Amzn 7.5% Eln Issued By Goldma 2.04%
  3. Nestle SA 1.63%
  4. Procter & Gamble Co 1.61%
  5. NextEra Energy Inc Unit 1.59%
  6. Verizon Communications Inc 1.57%
  7. Bank of America Corp 1.53%
  8. United States Treasury Notes 2.88% 1.49%
  9. Barclays Bk Pfd 0% 1.46%
  10. Southern Co Unit - Series A (2019) 1.45%

Asset Allocation

Weighting Return Low Return High FBLAX % Rank
Stocks
44.65% 0.00% 99.99% 28.75%
Bonds
34.77% -120.56% 89.33% 69.38%
Preferred Stocks
12.82% 0.00% 21.57% 13.13%
Other
4.64% -2.41% 100.00% 21.88%
Cash
2.69% -35.85% 184.19% 70.00%
Convertible Bonds
0.45% 0.00% 10.99% 51.25%

Stock Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Utilities
21.19% 0.00% 42.33% 6.34%
Financial Services
14.91% 0.00% 82.19% 28.17%
Healthcare
14.43% 0.00% 100.00% 19.01%
Consumer Defense
14.00% 0.00% 30.85% 16.90%
Industrials
10.56% 0.00% 17.52% 15.49%
Energy
9.30% 0.00% 20.12% 20.42%
Communication Services
6.33% 0.00% 17.53% 41.55%
Technology
5.92% 0.00% 24.25% 71.83%
Basic Materials
1.86% 0.00% 15.75% 80.28%
Consumer Cyclical
1.31% 0.00% 14.56% 83.10%
Real Estate
0.18% 0.00% 51.66% 95.77%

Stock Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US
38.44% -1.16% 99.99% 12.50%
Non US
6.21% 0.00% 47.40% 69.38%

Bond Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Corporate
83.95% 0.00% 96.37% 8.75%
Government
6.02% -132.75% 89.33% 77.50%
Cash & Equivalents
5.29% 2.02% 186.99% 69.38%
Securitized
4.74% 0.00% 45.06% 38.13%
Derivative
0.00% -0.51% 53.50% 92.50%
Municipal
0.00% 0.00% 4.79% 96.88%

Bond Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US
31.60% -166.35% 69.74% 39.38%
Non US
3.17% 0.00% 58.65% 83.75%

Expenses

FBLAX - Expenses

Operational Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.09% 11.95% 63.40%
Management Fee 0.56% 0.00% 1.50% 43.11%
12b-1 Fee 0.25% 0.00% 1.00% 45.05%
Administrative Fee 0.20% 0.03% 0.25% 88.89%

Sales Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 46.67%
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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% 349.00% 35.71%

Distributions

FBLAX - Distributions

Dividend Yield Analysis

FBLAX Category Low Category High FBLAX % Rank
Dividend Yield 0.00% 0.00% 0.88% 95.81%

Dividend Distribution Analysis

FBLAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Income Ratio 2.36% -0.99% 5.22% 65.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FBLAX - Fund Manager Analysis

Managers

Edward Perks


Start Date

Tenure

Tenure Rank

Jul 03, 2006

14.17

14.2%

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

3.5

3.5%

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

1.5

1.5%

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
0.33 22.68 5.24 5.94