Franklin Corefolio Allocation A (FTCOX) shows potential with solid returns and lower fees, making it a fund worth considering for investors
FTCOX is part of the Allocation Balanced segment, which is a great spot for investors looking to diversify. These funds typically invest in a mix of stocks, bonds, and cash, giving you a well-rounded portfolio.
Franklin, based in San Mateo, CA, launched FTCOX back in August 2003. Since then, it has gathered around $876.44 million in assets, managed by a skilled team of investment pros.
When it comes to performance, FTCOX has delivered a 5-year annualized total return of 9.32%, placing it in the top third of its peers. If you’re curious about shorter time frames, its 3-year annualized return is 4.48%, also in the top third.
Keep in mind that the fund’s returns might not include all expenses, which could lower the actual returns. The standard deviation of FTCOX over the past three years is 17.43%, indicating it’s a bit more volatile than the average fund in its category.
With a 5-year beta of 0.98, FTCOX is about as volatile as the market. However, it has a negative alpha of -4.33, suggesting the managers are struggling to pick winning securities compared to the S&P 500.
On the cost side, FTCOX is a load fund with an expense ratio of 0.38%, which is lower than the category average of 0.93%. This makes it a more affordable option for investors. The minimum initial investment is $1,000, but there’s no minimum for subsequent investments.
In summary, Franklin Corefolio Allocation A (FTCOX) has a neutral Zacks Mutual Fund rank. With decent performance, average risk, and lower fees, it could be a reasonable choice for investors right now. If you want to dive deeper into the Allocation Balanced area, check out Zacks for more insights and tools to analyze your portfolio.
