Franklin Growth’s investment team doesn’t stand out in the ultra-competitive U.S. large-cap arena, leading to a downgrade of its Morningstar Analyst Rating to Neutral from Bronze for its cheapest share classes, while pricier ones remain Neutral.
Morningstar’s Fund Analysis FIFRX
Will FIFRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIFRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FIFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FIFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.