Tag Archives: california
3 Strong Buy Franklin Templeton Mutual Funds
Founded in 1947, Franklin Templeton Investments – a segment of Franklin Resources, Inc. – seeks to provide investment management strategies and integrated risk management solutions to individuals, institutions, pension plans, trusts and partnerships. With over 650 investment professionals in 35 countries, the company invests in public equity, fixed income and alternative markets. The company manages assets worth over $866.5 billion with more than 9,300 employees. Below we share with you 3 top-rated Franklin Templeton mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. Franklin Mutual Financial Services Z (MUTF: TEFAX ) seeks growth of capital. TEFAX invests a major portion of its assets in undervalued companies that are involved in the financial services domain. TEFAX may also invest in merger arbitrage securities and securities of distressed companies. TEFAX may invest a significant portion of its assets in non-US securities. The Franklin Mutual Financial Services Z fund has a three-year annualized return of 10.9%. Andrew B. Sleeman is one of the fund managers having managed TEFAX since 2009. Franklin California High Yield Municipal Advisor (MUTF: FVCAX ) invests a large share of its assets in municipal securities that pay interest, which is exempted from taxes collected by the government and the State of California. FVCAX may also invest all of its assets in instruments that provide return subject to minimum tax. FVCAX may invest a maximum of 35% of its assets in municipal bonds approved by the US territories including Puerto Rico. The Franklin California High Yield Municipal Advisor fund has a three-year annualized return of 5.2%. FVCAX has an expense ratio of 0.53% as compared to a category average of 0.90%. Franklin International Small Cap Growth A (MUTF: FINAX ) seeks capital growth over the long run. It invests the majority of its assets in a wide range of tradable equity and related securities of small foreign companies. FINAX focuses on purchasing common stock. FINAX invests in securities of companies with market capitalizations below $5 billion or similar to those included in the Morgan Stanley Capital International (MSCI) Europe, Australasia, Far East (EAFE) Small Cap Index. The Franklin International Small Cap Growth A fund has a three-year annualized return of 5.9%. As of September 2015, FINAX held 40 issues with 5.12% of its assets invested in Optimal Payments PLC. Original Post
5 Strong Buy T. Rowe Price Mutual Funds
Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price currently manages $725.5 billion worth of assets (as of September 30, 2015). This renowned publicly owned investment management firm manages more than 100 mutual funds across a wide range of categories. Additionally, T. Rowe Price offers other financial services, including a wide variety of investment planning, guidance tools, subadvisory services and retirement plans. With over 5,000 employees and more than 5,900 associates, the company serves clients throughout the globe. Below, we share with you 5 top-rated T. Rowe Price mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy), and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, investors can click here to see the complete list of T. Rowe Price funds. T. Rowe Price Media And Telecommunications Fund No Load (MUTF: PRMTX ) invests a major portion of its assets in securities of companies involved in operations related to media, technology and telecommunications. It primarily invests in common stocks of large- and mid-cap companies. The fund has a three-year annualized return of 15.4%. Paul D. Greene II is the fund manager of PRMTX since 2013. T. Rowe Price Blue Chip Growth Fund No Load (MUTF: TRBCX ) seeks capital appreciation over the long run. The fund invests the lion’s share of its assets in common stocks of growth-oriented blue chip companies. It focuses on acquiring securities of large- and mid-cap companies with strong fundamentals. The T. Rowe Price Blue Chip Growth Fund has a three-year annualized return of 16.3%. TRBCX has an expense ratio of 0.72%, as compared to the category average of 1.18%. T. Rowe Price Capital Appreciation Fund No Load (MUTF: PRWCX ) invests a minimum of half of its assets in stocks. The rest of its assets are expected to get invested in other securities, including convertible securities, debt securities issued by both government and corporate bodies, and bank loans. It may also invest a maximum of 25% of its assets in securities issued in foreign countries. The T. Rowe Price Capital Appreciation Fund has a three-year annualized return of 11.5%. As of September 2015, PRWCX held 265 issues, with 4.21% of its assets invested in Marsh & McLennan Companies Inc. T. Rowe Price Growth and Income Fund No Load (MUTF: PRGIX ) seeks long-term growth of capital and income. It uses bottom-up analysis to invest in both growth and value stocks of companies. To select growth stocks, the fund focuses on companies that are expected to provide above-average growth. The T. Rowe Price Growth and Income Fund has a three-year annualized return of 13.4%. Jeffrey Rottinghaus has been the fund manager of PRMTX since June 1, 2015. T. Rowe Price CA Tax Free Bond Fund No Load (MUTF: PRXCX ) invests a large share of its assets in debt securities that are expected to provide interest income free from federal and California state income taxes. It seeks high tax-exempted income through prudent portfolio management. The T. Rowe Price CA Tax-Free Bond Fund has a three-year annualized return of 4.3%. PRXCX has an expense ratio of 0.49%, as compared to the category average of 0.90%. Original Post