- ISIN
- US3536126580
- Issuer
- BlackRock
- Inception Date
- Jul 2, 2006
- Category
- Diversified Portfolio
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FBFZX Performance Chart
Franklin Managed Income Fund (FBFZX) is up 5.8% since the beginning of the year. FBFZX is currently trading at $14 per share. Investors who bought $1,000 worth of FBFZX shares 5 years ago would now be looking at an investment worth $1,300.
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Returns By Period
Franklin Managed Income Fund (FBFZX) has returned 5.76% so far this year and 13.65% over the past 12 months. Over the last ten years, FBFZX has returned 7.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin Managed Income Fund
- 1D
- -0.07%
- 1M
- -0.28%
- YTD
- 5.76%
- 6M
- 5.65%
- 1Y
- 13.65%
- 3Y*
- 8.35%
- 5Y*
- 5.39%
- 10Y*
- 7.55%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FBFZX Monthly Returns History
Based on dividend-adjusted daily data since Jul 6, 2006, FBFZX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +9.5%, while the worst month was Oct 2008 at -15.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FBFZX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +5.6%, while the worst single day was Mar 16, 2020 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.79% | 2.62% | -2.84% | 2.04% | 0.61% | -0.44% | 5.76% | ||||||
| 2025 | 0.73% | 2.09% | -1.18% | -2.38% | 1.32% | 2.44% | -0.32% | 2.97% | 0.39% | 0.39% | 2.12% | 0.43% | 9.23% |
| 2024 | -0.16% | -0.48% | 2.53% | -2.39% | 2.55% | 0.16% | 3.15% | 1.88% | 1.24% | -1.53% | 2.19% | -3.84% | 5.14% |
| 2023 | 3.70% | -2.80% | 1.64% | 0.88% | -2.28% | 1.91% | 1.71% | -1.63% | -3.32% | -2.76% | 6.29% | 4.85% | 7.90% |
| 2022 | -1.28% | -1.37% | 1.56% | -4.99% | 1.79% | -5.98% | 4.47% | -2.53% | -6.56% | 4.66% | 5.49% | -1.49% | -6.96% |
| 2021 | -0.54% | 2.08% | 4.16% | 2.13% | 1.72% | -0.13% | 1.12% | 0.74% | -1.72% | 2.68% | -1.87% | 4.32% | 15.46% |
Benchmark Metrics
Franklin Managed Income Fund has an annualized alpha of 0.68%, beta of 0.46, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since July 06, 2006.
- This fund participated in 68.39% of S&P 500 Index downside but only 56.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.68%
- Beta
- 0.46
- R²
- 0.79
- Upside Capture
- 56.57%
- Downside Capture
- 68.39%
Expense Ratio
FBFZX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FBFZX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Managed Income Fund (FBFZX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBFZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.78 | +0.80 |
| Martin ratioReturn relative to average drawdown | 13.23 | 12.44 | +0.80 |
Dividends
Dividend History
Franklin Managed Income Fund provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.47 | $0.74 | $0.58 | $0.54 | $0.99 | $0.59 | $1.41 | $0.53 | $0.59 | $0.56 | $0.40 |
Dividend yield | 4.26% | 3.61% | 6.01% | 4.69% | 4.49% | 7.28% | 4.66% | 11.18% | 4.64% | 4.77% | 4.70% | 3.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Managed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.47 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.19 | $0.74 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.54 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 | $0.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Managed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Managed Income Fund was 49.53%, occurring on Mar 9, 2009. Recovery took 1049 trading sessions.
The current Franklin Managed Income Fund drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.53%Mar 2009 | 1y 5mo | 4y 2mo | 5y 7moOct 2007 - May 2013 |
COVID crash2020 | -21.60%Mar 2020 | 1mo 10d | 7mo 20d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -15.44%Oct 2022 | 9mo 2d | 1y 4mo | 2y 1moJan 2022 - Mar 2024 |
2016 correction2016 | -10.70%Jan 2016 | 8mo 26d | 4mo 18d | 1y 1moApr 2015 - Jun 2016 |
Rate-hike selloffLate 2018 | -8.54%Dec 2018 | 10mo 29d | 1mo 27d | 1y 21dJan 2018 - Feb 2019 |
Drawdown Indicators
| FBFZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -56.78% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -9.10% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -18.90% | +10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -25.43% | +9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.60% | -33.92% | +12.32% |
Current DrawdownCurrent decline from peak | -0.95% | -1.80% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -10.71% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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