Franklin Biotechnology Discovery Fund

PRICE AND YTD RETURN As of 07/27/2016

NAV up $3.49 $137.91
POP $146.32
YTD Total return at Nav -15.67%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -36.10%
5 YEAR RETURN 16.47%
10 YEAR RETURN 12.13%


Investment Category Sector
Distributions Annually
CUSIP 354 713 844
Fund Number 402
Inception Date Sep 15, 1997
Total Net Assets (all share classes) As of 06/30/2016 $1,202.2 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 09/01/2015 (updated annually)

Gross Expense Ratio 1.00%
Net Expense Ratio 1.00%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund seeks capital appreciation by investing at least 80% of its net assets in securities of biotechnology companies and discovery research firms including those involved in fields such as genomics, genetic engineering, and gene therapy, as well as health care, pharmaceuticals and agriculture.

Strategy Statement

"With the increasing demand for new medical treatments driving earnings growth, and many profitable firms to choose from, we believe now is an exciting time to invest in the biotechnology sector."

Evan McCulloch, CFA®


Evan McCulloch, CFA

Evan McCulloch, CFA®

  • Joined Franklin Templeton in 1992
  • Managed Fund Since 1997
Steve Kornfeld, CFA, MBA

Steve Kornfeld, CFA®, MBA

  • Joined Franklin Templeton in 2001
  • Managed Fund Since 2015
Christopher Jay Lee

Christopher Jay Lee

  • Joined Franklin Templeton in 2015
  • Managed Fund Since 2016

Overall Morningstar Rating As of 06/30/2016

Rating Category: Health

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2016

Years Ratings Funds
in category
1 Stars
1 Stars
2 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


  • We take a bottom-up approach to individual stock selection.
  • We look for companies that possess products with favorable competitive profiles, large market opportunities and strong intellectual property.
  • We favor companies with excellent management, strong financial characteristics and attractive valuations.
  • Our San Francisco Bay Area location is shared by many leading biotechnology companies, enabling us to easily attend scientific meetings and symposia, and to consult with community and academic physicians.


  • Participate in trends moving markets. Invest in innovative sectors—technology, medicine, global communications—we believe are poised for long-term growth.
  • Diversification. By adding investments from different sectors to your portfolio, you may take advantage of expanding and contracting economic cycles.
  • Experienced management. Same lead portfolio manager since the fund's inception in 1997.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Investment in a non-diversified fund that concentrates in a single sector involves risks such as patent considerations, product liability, government regulatory requirements, and regulatory approval for new drugs and medical products.
  • Biotechnology companies often are small and/or relatively new; as such, smaller companies can be particularly sensitive to changes in economic conditions, have less certain growth prospects than larger, more established companies and can be volatile, especially over the short term.
  • Investments in foreign companies involve special risks, including currency fluctuations and political uncertainty.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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