Founded in 1947, Franklin Templeton Investments prides itself in offering "exceptional asset management" to its clients in more than 170 nations throughout the globe. It has a presence in 34 countries and more than 600 investment professionals. With around $724.1-billion assets under management as of Jun 30, 2018, Franklin Templeton Investments is a well-known global investment management firm. The company offers investment management strategies and integrated risk-management solutions to individuals, institutions, pension plans, trusts, and partnerships.

Below we share with you three best-ranked Franklin Templeton mutual funds. Each has earned a Zacks Mutual Fund Rank #1  (Strong Buy) and is expected to outperform its peers in the future.

Franklin Corefolio Allocation A (FTCOX - Free Report) seeks growth of capital. FTCOX invests its assets in a variety of funds, including Franklin Flex Cap Growth Fund, Franklin Growth Fund, Mutual Shares Fund, and Templeton Growth Fund. Funds, in which FTCOX allocates its assets, tend to invest in both domestic and foreign equity securities. Franklin Corefolio Allocation A has three-year annualized returns of 13.8%.

T. Anthony Coffey is the fund manager of FTCOX since 2003.

Franklin Convertible Securities A (FISCX - Free Report) invests a bulk of its assets in convertible securities. FISCX may invest almost all its assets in securities rated lower than investment grade. The fund may invest about one-fifth of its assets in preferred and common stocks as well as non-convertible debt securities. Franklin Convertible Securities A has three-year annualized returns of 14.8%.

As of August 2018, FISCX held 84 issues, with 2.07% of its assets invested in Square Inc 0.5%.

Franklin Convertible Securities Fund Adv(FCSZX - Free Report) seeks maximum total returns through appreciation of capital and a high level of current income. FCSZX invests a major portion of its assets in convertible securities. Though FCSZX may invest all of its assets in non-investment grade securities, it invests a maximum of 10% of its assets in unrated securities or that are rated below B. Franklin Convertible Securities Fund has three-year annualized returns of 15%.

FCSZX has an expense ratio of 0.59% compared with the category average of 1.24%.