Founded in 1947, Franklin Templeton Investments prides itself in offering "exceptional asset management" to clients in more than 165 nations. It has offices in more than 30 countries and approximately 1,300 investment professionals. With around $1,391.6 billion assets under management as of Oct 31, 2020, Franklin Templeton Investments is a well-known global investment management firm. The company offers investment management strategies and integrated risk management solutions to individuals, institutions, pension plans, trusts and partnerships.

Below we share with you three best-ranked Franklin Templeton mutual funds. Each has earned a Zacks Mutual Fund Rank #1  (Strong Buy) and is expected to outperform 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 Emerging Market Debt Opportunities Fund (FEMDX) aims for high total return. The fund invests majority of its assets in debt securities of emerging market countries. Emerging market countries generally include those considered to be developing by the World Bank. FDYZX has three-year annualized returns of 1.5%.

As of the end of October 2020, FEMDX held 75 issues with 4.53% of its assets invested in Iraq (Republic Of) 5.8%.

Franklin DynaTech Fund Advisor Class (FDYZX) aims for capital appreciation. The fund invests majority of its assets in common stocks of companies that the fund manager believes are leaders in innovation, take advantage of new technologies, have superior management, and benefit from new industry conditions in the dynamically changing global economy. FDYZX has three-year annualized returns of 24.3%.

FDYZX has an expense ratio of 0.61% compared with the category average of 1.04%.

Franklin High Income Fund Advisor Class (FVHIX) aims for high current income. The fund also aims for capital appreciation to the extent it is possible and consistent with the fund's principal goal by investing predominantly in high yield, lower-rated debt securities. FVHIX has three-year annualized returns of 4%.

Glenn I. Voyles has been one of the fund managers of FVHIX since 2015.

To view the Zacks Rank and the past performance of all Franklin Templeton mutual funds, investors can click here to see the complete list of funds.