FBLAX: Franklin Managed Income Fund - MutualFunds.com
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Franklin Balanced A

FBLAX - Snapshot

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 10.0%
  • 5 Yr Annualized Return 8.8%
  • Net Assets $4.11 B
  • Holdings in Top 10 18.1%

52 WEEK LOW AND HIGH

$13.63
$11.68
$13.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 64.69%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

Compare FBLAX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

American Funds American Balanced Fund®

Fund

$32.99

+0.55%

$207.19 B

1.22%

$0.40

9.24%

0.58%

Vanguard Wellington™ Fund

Fund

$49.43

+0.82%

$120.26 B

1.73%

$0.85

11.43%

0.24%

Vanguard Balanced Index Fund

Fund

$48.23

+0.58%

$57.60 B

0.99%

$0.47

8.77%

0.18%

T. Rowe Price Capital Appreciation Fund

Fund

$38.43

+0.73%

$50.04 B

1.05%

$0.40

12.66%

0.69%

Fidelity® Balanced Fund

Fund

$31.72

+0.70%

$46.58 B

0.91%

$0.29

12.16%

0.52%

FBLAX - Profile

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 3.5%
  • 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
    248379111
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Perks

FBLAX - Performance

Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -3.4% 61.3% 74.81%
1 Yr 21.5% -5.2% 84.5% 87.62%
3 Yr 10.0%* -2.1% 23.0% 71.93%
5 Yr 8.8%* 0.6% 20.3% 80.34%
10 Yr 7.9%* 2.2% 12.7% 70.45%

* Annualized

Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.6% -39.0% 28.7% 85.30%
2019 9.8% -5.8% 26.1% 86.08%
2018 -7.1% -32.7% 0.0% 7.66%
2017 4.4% -6.5% 22.4% 82.49%
2016 7.0% -43.7% 18.6% 10.10%

Total Return Ranking - Trailing

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -3.4% 61.3% 74.94%
1 Yr 14.8% -5.2% 84.5% 95.28%
3 Yr 7.9%* -2.1% 23.0% 82.08%
5 Yr 7.6%* 0.2% 20.3% 84.90%
10 Yr 7.3%* 1.9% 12.7% 78.44%

* Annualized

Total Return Ranking - Calendar

Period FBLAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.6% -39.0% 28.7% 85.30%
2019 10.1% -5.8% 26.1% 84.42%
2018 -3.2% -32.7% 0.8% 5.47%
2017 9.5% -3.7% 31.9% 76.94%
2016 12.0% -43.7% 19.8% 4.53%

NAV & Total Return History

FBLAX - Holdings

Concentration Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Assets 4.11 B 631 K 207 B 23.84%
Number of Holdings 153 2 15231 38.30%
Net Assets in Top 10 744 M -170 M 47.4 B 38.30%
Weighting of Top 10 18.07% 7.4% 100.0% 95.64%

Top 10 Holdings

  1. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  2. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  3. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  4. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  5. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  6. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  7. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  8. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  9. Txn 8.50% Eln Issued By Bnp Pa 2.75%
  10. Txn 8.50% Eln Issued By Bnp Pa 2.75%

Asset Allocation

Weighting Return Low Return High FBLAX % Rank
Stocks 		55.48% 0.00% 135.66% 79.35%
Bonds 		26.14% -0.18% 130.96% 76.59%
Preferred Stocks 		14.36% 0.00% 24.39% 0.84%
Cash 		3.61% -54.99% 88.50% 51.98%
Convertible Bonds 		0.40% 0.00% 26.80% 66.27%
Other 		0.03% -6.81% 47.39% 44.18%

Stock Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Utilities 		20.42% 0.00% 99.04% 2.04%
Healthcare 		16.25% 0.00% 52.97% 10.80%
Financial Services 		14.00% 0.00% 100.00% 68.67%
Consumer Defense 		12.44% 0.00% 25.22% 6.24%
Industrials 		11.83% 0.00% 32.01% 32.17%
Technology 		7.79% 0.00% 52.91% 91.24%
Energy 		6.34% 0.00% 70.75% 14.77%
Communication Services 		5.01% 0.00% 28.21% 87.15%
Basic Materials 		3.26% 0.00% 31.80% 69.51%
Consumer Cyclical 		2.54% 0.00% 19.72% 96.16%
Real Estate 		0.12% 0.00% 99.15% 90.52%

Stock Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US 		49.37% 0.00% 134.30% 54.62%
Non US 		6.11% 0.00% 35.45% 61.82%

Bond Sector Breakdown

Weighting Return Low Return High FBLAX % Rank
Corporate 		84.27% 0.00% 99.99% 4.56%
Cash & Equivalents 		8.11% 0.00% 100.00% 65.43%
Government 		4.57% 0.00% 99.16% 89.56%
Securitized 		3.05% 0.00% 78.03% 77.79%
Derivative 		0.00% 0.00% 33.06% 88.96%
Municipal 		0.00% 0.00% 98.65% 94.72%

Bond Geographic Breakdown

Weighting Return Low Return High FBLAX % Rank
US 		22.96% -0.18% 62.94% 67.71%
Non US 		3.18% -38.29% 102.43% 60.86%

FBLAX - Expenses

Operational Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.06% 5.49% 56.31%
Management Fee 0.55% 0.00% 2.00% 66.34%
12b-1 Fee 0.25% 0.00% 1.00% 50.58%
Administrative Fee 0.20% 0.01% 0.83% 86.32%

Sales Fees

FBLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.00% 5.75% 27.97%
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 64.69% 0.00% 484.00% 58.27%

FBLAX - Distributions

Dividend Yield Analysis

FBLAX Category Low Category High FBLAX % Rank
Dividend Yield 3.49% 0.00% 4.60% 83.31%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FBLAX Category Low Category High FBLAX % Rank
Net Income Ratio 2.55% -1.95% 11.02% 9.01%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FBLAX - Fund Manager Analysis

Managers

Edward Perks

Start Date

Tenure

Tenure Rank

Jul 03, 2006

15.0

15.0%

Edward Perks is chief investment officer of Franklin Templeton Investment 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

4.33

4.3%

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

2.33

2.3%

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
0.02 37.52 6.17 1.5

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