Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Franklin Income (FKIQX /FKINX /FRIAX) is one of those misclassified funds as conservative-allocation/30-50%. But when its equities and bonds (including HY, convertibles) are accounted for, it acts more like moderate-allocation/50-70%. When properly compared (e.g. to VWELX, not VWINX), it doesn't do so well.
DODBX too - with its new longs & some shorts strategy.
But be aware of risks of your holdings. As I noted in a nearby thread, recently among bonds, corporates have done the worst & HY the best. That is NOT typical (as HY & stocks have high correlation) . Some point to the relative strength in HY as the underlying strength in the market, or they may rollover in their typical way.
Comments
PRWCX has done well too.
DODBX too - with its new longs & some shorts strategy.
But be aware of risks of your holdings. As I noted in a nearby thread, recently among bonds, corporates have done the worst & HY the best. That is NOT typical (as HY & stocks have high correlation) . Some point to the relative strength in HY as the underlying strength in the market, or they may rollover in their typical way.
https://community.morningstar.com/s/question/0D53o000063bNUqCAM/new-termstructure-franklin-income-opps-fio-multiasset-goanywhere