2 / 5 Stars
Zacks Investment Research
Standard & Poor's
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.
The fund has returned 22.66 percent over the past year, 9.39 percent over the past three years, 16.54 percent over the past five years, and 4.74 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.3%|
|3 Years (Annualized)||9.4%|
|5 Years (Annualized)||16.5%|
|10 Years (Annualized)||4.7%|
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 are Above Average compared to funds in the same category.
Franklin Mutual Recovery Fund has an expense ratio of 1.29 percent.
Risk is High compared to funds in the same category according to Morningstar.