Franklin Total Return’s investment approach continues to remain in flux after a new fixed-income CIO was added in 2019 and following a change to the investment team, but these adjustments have yet to show positive results, leading to a Morningstar Analyst Rating of Neutral for all share classes.
Franklin Total Return C FCTLX
NAV / 1-Day Return
8.47
/
0.48
%
Total Assets
4.0 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.
1.280%
Expense Ratio
1.280%
Fee Level
Low
Longest Manager Tenure
16.50
years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
1,000
Status
Open
TTM Yield
2.28%
Effective Duration
6.24
years
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 FCTLX 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 FCTLX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCTLX 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 FCTLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This credit-sensitive strategy continues to see change.
