With around $737.5 billion assets under management as of Mar 31, 2018, Franklin Templeton Investments is a well-known global investment management firm. It offers investment management strategies and integrated risk-management solutions to individuals, institutions, pension plans, trusts and partnerships.

Founded in 1947, Franklin Templeton Investments prides itself in offering "exceptional asset management" to its clients in more than 170 countries throughout the globe. It has presence in 17 countries and more than 600 investment professionals. Franklin Templeton Investments is the biggest cross-border fund management group in the world.

Below we share with you three top-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. Investors can click here to see the complete list of all Franklin Templeton mutual funds, their Zacks Rank and past performance.

Franklin DynaTech Fund Class A (FKDNX - Free Report) invests mostly in companies that are expected to be leaders in innovation, have better management, can reap the benefits of new technologies and advantages of new industry situations in a fluctuating global economy. FKDNX seeks growth of capital. Franklin DynaTech Fund Class A has returned 10.5% in a year.

FKDNX has an expense ratio of 0.91% compared with the category average of 1.08%.

Franklin DynaTech Fund Advisor (FDYZX - Free Report) seeks capital appreciation for the long run. FDYZX invests a major portion of its assets in equity securities issued by companies, which are believed to be leaders in innovation and benefiting from new industry conditions. Franklin DynaTech Fund Advisor has returned 10.7% over the past year.

Rupert H. Johnson is one of the fund managers of FDYZX since 1968.

Franklin High Yield Tax-Free Income A (FRHIX - Free Report) invests a major portion of its assets in securities that are expected to provide yield exempted from federal income taxes, including the federal alternative minimum tax. FRHIX seeks a high level of tax-free income. The fund primarily invests in municipal securities, which may also include defaulted securities. Franklin High Yield Tax-Free Income A has returned 1.1% over the past year.

As of September 2018, FRHIX held 669 issues, with 1.74% of its assets invested in SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY 0%.