About FBFZX
Franklin Managed Income Fund Advisor Class is a diversified mutual fund designed to provide investors with regular income and long-term capital appreciation. The fund strategically allocates its assets across both debt and equity securities, with a typical mandate to invest at least 25% of its portfolio in each category. This includes holdings in bonds, notes, debentures, money market instruments, as well as common and preferred stocks. The investment strategy employs a bottom-up approach to security selection, assessing individual company fundamentals such as earnings, asset value, and cash flow potential, while also reacting to changing economic and market conditions.
A defining feature of the fund is its managed distribution policy, which aims to deliver consistent monthly payments to shareholders. These distributions are targeted at an annual rate between 2.75% and 6.25%, based on the prior year's net asset value, providing a measure of predictability for income-focused investors. The fund utilizes active management, including derivatives, to optimize portfolio exposures and hedge risks as necessary. With a focus on broad diversification and risk management, the Franklin Managed Income Fund Advisor Class occupies a role as a core holding for investors seeking a balance of income and capital preservation within the mutual fund universe.
Fund Family Franklin Templeton Investments
Category Allocation--30% to 50% Equity
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FBFZX
Share Class Advisor Class
Index Index is not available on Lipper Database
FBFZX had a total return of 11.63% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.34%.
