Why Franklin Utilities Shines
MFS Utilities and Franklin Utilities are both very good funds, but stability at the top and lower fees gives Franklin the edge.
David Kathman: Franklin Utilities and MFS Utilities are the two biggest actively managed funds in the utilities category. They're both very good funds with long-tenured managers and strong records, but Franklin Utilities earns a Morningstar Analyst Rating of Gold, while MFS Utilities only earns a Bronze rating.
There are a few reasons for that. The Franklin fund's lead manager, John Kohli, has been in place for 20 years, so he has a lot of experience and an excellent track record. The MFS fund's lead manager, Maura Shaughnessy, has been in charge even longer, and has a similarly strong track record, but she just announced that she’s retiring this coming August, so her comanagers, Claud Davis and Scott Walker, will be running the fund after that. Although they’ve worked with Shaughnessy for a long time as analysts, they only have a few years experience as fund managers, so they'll need to prove themselves once they take over.
David Kathman does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.