Franklin Mutual Recovery Fund

U.S. News evaluated 247 Moderate Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 21.44 percent over the past year, 8.32 percent over the past three years, 15.40 percent over the past five years, and 3.71 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 1.2%
1 Year 21.4%
3 Years (Annualized) 8.3%
5 Years (Annualized) 15.4%
10 Years (Annualized) 3.7%

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Summary

The investment seeks capital appreciation. The fund seeks to achieve superior risk adjusted returns with a moderate correlation to the U.S. equity markets by investing in equity and debt securities. Under normal market conditions, it seeks investments in the following three general categories: Special Situations/Undervalued Securities, Distressed Companies and Merger Arbitrage Securities. The fund may invest without limit in debt securities or instruments in any rating category established by an independent rating agency, including lower-rated (or comparable unrated) or defaulted debt securities.

Fees

Fees are High compared to funds in the same category.
Franklin Mutual Recovery Fund has an expense ratio of 2.29 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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See Also:

Top Franklin Templeton Investments Funds