- Rupert H. Johnson, Sr., founded the original company in New York in 1947. Their first line of mutual funds was the conservatively managed Franklin Custodian Funds. The company went public in 1971 and moved its headquarters to San Mateo when it acquired California-based investment firm Winfield & Company in 1973. The Franklin Money Fund became the company's first billion-dollar fund in 1979. In 1992 the company agreed to acquire Templeton, Galbraith & Hansberger Ltd., which provided the company with a strong entry into the international equity funds market. Franklin Templeton acquired Heine Securities in 1996, broadening its line of domestic equity mutual funds.
- Franklin Templeton Mutual Funds function as a means of allowing individual and corporate investors who may not have the expertise, time or temperament access to professional management in the equity or debt market. These mutual funds provide for diversification of investments across a wide variety of investment types in order to reduce risk and volatility, while maximizing return on investment. Because Franklin Templeton operates a family of funds, investors with a wide range of investment goals can find a fund that best suit their situation.
- Franklin Templeton Mutual Funds offer investors 11 distinct types of mutual funds: International--funds that invest primarily outside the United States; Global--funds that invest both in the United States and in foreign countries; Growth--funds that invest primarily in stocks of growth companies; Value--funds that invest primarily in value stocks; Blended--funds that invest in both growth and value stocks; Hybrid--funds that invest in both stocks and bonds; Sector--funds that invest primarily within a certain industry sector; Asset Allocation--funds that invest in a combination of Franklin Templeton Funds; Fixed Income--funds that invest in income-producing instruments; Tax-Free Income--funds that invest in instruments that produce tax free income; and Money Funds--funds that invest in Money Market instruments.
- Franklin Templeton Mutual Funds offer investors the benefit of a 60-year track record of successful fund management. In addition to the reduced risk and increased stability provided by the diversification that is inherent in mutual funds, because Franklin Templeton offers a family of more than 100 different funds, investors have the ability to transfer their assets between funds as their investment objectives change, with little or no cost. Modest initial investments make Franklin Templeton funds affordable and fund shares can be redeemed on any business day, with funds available within one week.
- There are a number of fees associated with all mutual funds, and Franklin Templeton Mutual Funds are no exception. Investors should carefully consider all sales charges, fund expenses, management fees and 12b-1 fees (fees that are paid by the funds to cover marketing and distribution expenses) prior to investing. Mutual funds typically invest in equity and debt instruments such as stocks, bonds, real estate and other securities. Past performance is no guarantee of future results. Investors may lose some or all of their investment. Always read the prospectus carefully before investing.
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