Franklin Total Return’s approach continues to be refined after a new fixed-income CIO was added in 2019, but these adjustments have not been proven advances yet, resulting in a Morningstar Analyst Rating of Neutral for all share classes.
Will FKBAX 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 FKBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FKBAX 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 FKBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.