FBFZX Performance — Franklin Managed Income Fund, Advisor Class
Data updated: 2026-09-25
FBFZX returned +7.15% year to date and +14.05% over one year to Jul 2026. Annualised returns are +8.68% over 3 years and +5.41% over 5 years. The fund trailed its Moderate Allocation category average: $100 invested three years ago grew to $128, against $138 for the category, and to $114 over one year, against $115. Volatility over the past three years was 8.05% a year. In the 12 months to Jul 2026 the fund lost a net $133.3M, and assets reached $3.43B.
FBFZX Growth of $100
What $100 invested in Franklin Managed Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | FBFZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $115 |
| 3 years (Aug 2023 – Jul 2026) | $128 | $138 |
| 5 years (Aug 2021 – Jul 2026) | $130 | $133 |
| Since data start (Aug 2019 – Jul 2026) | $161 | $168 |
FBFZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.15% |
| 1 year | +14.05% |
| 3 years (annualised) | +8.68% |
| 5 years (annualised) | +5.41% |
FBFZX Annual Returns
Calendar-year total returns of Franklin Managed Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.15% |
| 2025 | +10.55% |
| 2024 | +5.15% |
| 2023 | +7.89% |
| 2022 | −6.94% |
| 2021 | +15.46% |
| 2020 | +5.62% |
| 2019 (Aug–Dec) | +5.41% |
FBFZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.8% | +2.6% | −2.5% | +2.0% | +0.6% | −0.4% | +0.8% | — | — | — | — | — |
| 2025 | +1.1% | +2.5% | −0.8% | −2.4% | +1.3% | +2.4% | −0.3% | +3.0% | +0.4% | +0.4% | +2.1% | +0.4% |
| 2024 | −0.2% | −0.5% | +2.5% | −2.4% | +2.5% | +0.2% | +3.1% | +1.9% | +1.2% | −1.5% | +2.2% | −3.8% |
| 2023 | +3.7% | −2.8% | +1.6% | +0.9% | −2.3% | +1.9% | +1.7% | −1.6% | −3.3% | −2.8% | +6.3% | +4.8% |
| 2022 | −1.3% | −1.4% | +1.6% | −5.0% | +1.8% | −6.0% | +4.5% | −2.5% | −6.6% | +4.7% | +5.5% | −1.5% |
| 2021 | −0.5% | +2.1% | +4.2% | +2.1% | +1.7% | −0.1% | +1.1% | +0.7% | −1.7% | +2.7% | −1.9% | +4.3% |
| 2020 | −0.5% | −4.2% | −9.2% | +6.7% | +3.0% | −0.1% | +2.4% | +1.4% | −1.6% | −0.7% | +7.2% | +2.1% |
| 2019 | — | — | — | — | — | — | — | 0.0% | +1.5% | +1.2% | +1.2% | +1.4% |
FBFZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.05%
- 3-year Sharpe ratio: 0.52 (vs 4.5% risk-free rate)
- Best month: +6.29% (Nov 2023)
- Worst month: −3.84% (Dec 2024)
FBFZX Fund Flows
Monthly money in and out of Franklin Managed Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$133.3M
- 12-month gross sales (incl. reinvestments): $495.7M
- Sales ÷ redemptions: 0.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $36.6M | $50.4M | −$13.9M |
| Jun 2026 | $38.1M | $50.3M | −$12.2M |
| May 2026 | $44.3M | $47.8M | −$3.5M |
| Apr 2026 | $40.9M | $51.3M | −$10.4M |
| Mar 2026 | $49.0M | $52.4M | −$3.4M |
| Feb 2026 | $43.7M | $47.7M | −$4.0M |
| Jan 2026 | $41.5M | $54.5M | −$13.0M |
| Dec 2025 | $49.1M | $52.3M | −$3.2M |
| Nov 2025 | $37.3M | $54.9M | −$17.6M |
| Oct 2025 | $40.0M | $57.4M | −$17.4M |
| Sep 2025 | $41.0M | $54.7M | −$13.6M |
| Aug 2025 | $34.2M | $55.3M | −$21.1M |
FBFZX Assets Under Management
Net assets of Franklin Managed Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.43B |
| 2026-04-30 | $3.47B |
| 2026-01-31 | $3.45B |
| 2025-10-31 | $3.32B |
| 2025-07-31 | $3.29B |
| 2025-04-30 | $3.26B |
| 2025-01-31 | $3.39B |
| 2024-10-31 | $3.50B |
| 2024-07-31 | $3.53B |
| 2024-04-30 | $3.44B |
| 2024-01-31 | $3.57B |
| 2023-10-31 | $3.33B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.