Franklin Growth CFRGSX

Morningstar Rating

Fund Research and Analysis

by Greg Brown

Patience and experience make a compelling combination at Franklin Growth.

This fund's defining trait is management's patience. Veteran manager Jerry Palmieri is a buy-and-hold investor with a significantly longer time horizon than most. The fund's single-digit turnover is not only significantly less than the typical large-growth peer's, but it's also less than most index funds in this category. Read more

Kudos

It has one of the most experienced managers in the business.

Low turnover typically aids tax efficiency. Read more

Risks

Has become more volatile since it became fully invested several years ago. Read more

Strategy

This fund can own stocks of any size. In practice, though, management tries to buy industry leaders, skewing the fund toward large-cap stocks. Management also has an eye for value, preferring to hold large cash stakes rather than pay inflated prices. Read more

Management

Jerry Palmieri has run this fund for more than 40 years, making him one of the longest-tenured fund managers around. His stock-picking has been good, but his asset allocation has been mixed. When stocks crashed in 1987, the fund gained more than 19%, and Palmieri was Morningstar's first Manager of the Year. Read more

Inside Scoop

This fund is starting to live up to its name. Long known as one of the tamer funds in the large-blend category, it's become a bit racier in recent years as its portfolio has moved over to the growth side of the spectrum. Read more

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