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.
Will FTRRX 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 FTRRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FTRRX 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 FTRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.