On July 23, 2021, Franklin Growth comanager Christopher Anderson was suddenly removed from the strategy's previously three-person management team. His departure from the strategy and firm does not impact its Above Average People rating or Morningstar Analyst Ratings, which range from Bronze to Neutral depending on fees.
Franklin Growth Adv FCGAX
NAV / 1-Day Return
155.93
/
0.69
%
Total Assets
21.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.570%
Expense Ratio
0.570%
Fee Level
Below Average
Longest Manager Tenure
12.66
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
100,000
Status
Open
TTM Yield
0.24%
Turnover
9%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FCGAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCGAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FCGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Departure Does Not Affect Franklin Growth's Morningstar Analyst Ratings
