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FCISX Franklin Income C

  • Fund
  • FCISX
  • Price as of: Aug 08, 2016
  • $2.26
  • + $0.01
  • + 0.44%
  • Category
  • Global Allocation

FCISX - Profile

Vitals

  • YTD Return 6.6%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $77.9 B
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$2.26
$1.94
$2.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 44.81%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.93%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 01, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Edward D. Perks

Fund Description

The Franklin Income Fund (FCISX) is a hybrid product that invests in both fixed income and equity securities. The fund debuted in mid-1995 and rose to be one of the most popular in the mutual fund world. For the equity component of the portfolio the fund, FCISX focuses on stocks that maintain relatively high dividends, which tend to be large-cap blue-chip stocks. Equities make up approximately half of the portfolio. Fixed income accounts for a little over a third of the holdings with convertibles and cash making up the rest of the allocations. The debt portion of the fund favors corporate bonds but spreads its exposure around to multiple sectors. It should be noted that FCISX invests almost entirely in speculative-grade debts. That means that the fund will offer an enticing yield, but will carry a higher risk.

This fund can be used as a core building block in a portfolio for those who can handle a riskier set of holdings, as the debt portion will be prone to volatility. FCISX features monthly distributions, which is a major plus for those seeking a reliable stream of income. The fund is managed by Edward D. Perks, Matthew Quinlan, and Alex W. Peters.

FCISX - Performance

Return Ranking - Trailing

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -25.7% 214.9% 25.00% 2
1 Yr 2.9% -35.4% 9.7% 23.68% 2
3 Yr 3.3% * -6.9% 8.9% 51.94% 3
5 Yr 5.5% * -6.2% 7.7% 27.81% 2
10 Yr 5.0% * 0.7% 7.5% 42.86% 3

* Annualized


Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.8% -30.7% 2.5% 86.81% 5
2014 -0.8% -8.1% 1.8% 28.57% 1
2013 8.4% 7.6% 11.0% 42.86% 2
2012 6.6% 6.6% 8.7% 100.00% 5
2011 -3.6% -6.7% -1.4% 42.86% 2

Total Return Ranking - Trailing

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.6% -25.7% 214.9% 25.44% 2
1 Yr 1.9% -35.4% 9.7% 22.62% 2
3 Yr 3.3% * -7.5% 8.9% 43.41% 3
5 Yr 5.5% * -6.3% 7.7% 23.51% 2
10 Yr 5.0% * 0.7% 7.5% 36.73% 2

* Annualized


Total Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.8% -30.7% 2.5% 86.84% 5
2014 3.4% -7.7% 5.2% 42.86% 2
2013 15.1% 14.4% 16.1% 85.71% 4
2012 15.0% 9.9% 16.1% 28.57% 1
2011 2.9% -4.9% 3.7% 42.86% 2

NAV & Total Return History

FCISX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FCISX Category Low Category High FCISX % Rank Quintile
Net Assets 77.9 B 774 K 103 B 0.42% 1
Number of Holdings 500 2 3900 6.13% 2
Net Assets in Top 10 10.7 B -3.84 B 22.1 B 0.85% 1
Weighting of Top 10 13.8% 0.0% 191.7% 24.52% 5

Top 10 Holdings

  1. Royal Dutch Shell PLC ADR Class A 2.84%
  2. Pfizer Inc 1.36%
  3. General Electric Co 1.21%
  4. Chevron Corp 1.35%
  5. Basf SE 1.37%
  6. AstraZeneca PLC 1.15%
  7. Total SA ADR 1.08%
  8. BP PLC ADR 1.37%
  9. Bk Amer Pfd 1.03%
  10. Dominion Resources Inc 1.00%

Asset Allocation

Weighting Category Low Category High FCISX % Rank Quintile
Stocks
50.73% -0.03% 95.90% 13.32% 3
Bonds
35.60% -162.60% 118.66% 9.73% 2
Other
6.67% -1.90% 33.13% 6.34% 2
Preferred Stocks
3.46% 0.00% 23.99% 1.69% 1
Cash
3.23% -88.95% 243.96% 20.72% 4
Convertible Bonds
0.31% 0.00% 46.29% 2.33% 1

Stock Sector Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
Energy
7.64% -0.11% 26.46% 2.44% 1
Financial Services
6.14% -1.55% 18.32% 15.52% 3
Utilities
5.14% 0.00% 19.90% 1.33% 1
Healthcare
4.75% -2.40% 11.48% 11.31% 3
Industrials
4.69% 0.00% 14.09% 12.20% 3
Basic Materials
3.30% -0.11% 19.84% 7.10% 2
Technology
3.22% -1.42% 21.31% 19.29% 4
Consumer Defense
2.83% -1.18% 19.04% 18.40% 4
Consumer Cyclical
2.25% 0.00% 14.57% 19.96% 5
Communication Services
1.30% -0.71% 20.22% 17.96% 4
Real Estate
0.82% -0.70% 33.20% 17.96% 4

Stock Geographic Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
US
29.73% -1.88% 61.85% 8.03% 2
Non US
21.00% -0.01% 88.58% 16.28% 4

Bond Sector Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
Corporate
39.29% 0.00% 65.74% 1.27% 1
Cash & Equivalents
3.15% -89.02% 236.99% 20.08% 4
Securitized
0.07% 0.00% 25.06% 14.80% 4
Government
0.06% -162.60% 93.78% 24.74% 5
Municipal
0.00% 0.00% 9.55% 6.98% 5
Derivative
0.00% -9.39% 16.51% 5.29% 4

Bond Geographic Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
US
29.20% -162.60% 94.74% 6.55% 2
Non US
6.40% 0.00% 69.16% 15.43% 4

FCISX - Expenses

Operational Fees

FCISX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.11% 0.01% 19.72% 33.47% 2
Management Fee 0.36% 0.00% 1.70% 8.72% 2
12b-1 Fee 0.65% 0.00% 1.00% 1.83% 4
Administrative Fee 0.15% 0.00% 0.55% 3.21% 5

Sales Fees

FCISX Fees (% of AUM) Category Low Category High FCISX Rank Quintile
Front Load N/A 0.15% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 4.72% 4

Trading Fees

FCISX Fees (% of AUM) Category Low Category High FCISX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCISX Fees (% of AUM) Category Low Category High FCISX Rank Quintile
Turnover 44.81% 0.00% 607.00% 12.50% 2

FCISX - Distributions

Dividend Yield Analysis

FCISX Category Low Category High FCISX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.17% 70.98% 4

Dividend Distribution Analysis

FCISX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FCISX Category Low Category High FCISX % Rank Quintile
Net Income Ratio 3.93% -2.46% 7.59% 4.24% 1

Capital Gain Distribution Analysis

FCISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FCISX - Managers

Edward D. Perks

Manager

Start Date

May 01, 2002

Tenure

14.26

Tenure Rank

0.4%

Edward D. Perks, CFA, is Executive Vice President and Chief Investment Officer of Franklin Templeton. Mr. Perks joined Franklin Templeton Investments in 1992. Prior to his current role, he served as the chief investment officer of Franklin Equity Group (FEG). He has also served as FEG's director of portfolio management. Mr. Perks holds a B.A. in economics and political science from Yale University. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and the Security Analysts of San Francisco (SASF).


Alex W. Peters

Manager

Start Date

Dec 21, 2012

Tenure

3.61

Tenure Rank

5.4%

Alex W. Peters, CFA, is a vice president, research analyst and portfolio manager with Franklin Equity Group. His previous research coverage includes the global communication and technology industries, the global utility sector, and the asset management industry. Mr. Peters holds a B.A. from University of Washington and an M.B.A. from the University of San Francisco. He is a Chartered Financial Analyst (CFA) charterholder and a member of the CFA Institute. He is also member of the Security Analysts of San Francisco (SASF) and the National Association of Securities Dealers (NASD).


Matthew D. Quinlan

Manager

Start Date

Dec 21, 2012

Tenure

3.61

Tenure Rank

5.4%

Matt Quinlan is a vice president, research analyst and portfolio manager for the Franklin Equity Group. Mr. Quinlan is the leader of the Consumer Research Team. Prior to joining Franklin Templeton in 2005, Mr. Quinlan worked in investment banking at Citigroup, where he covered the retail and consumer products industries and worked with private equity firms on acquisitions and financings for their portfolio companies. Mr. Quinlan holds a B.A. in history from UCLA and an M.B.A. in finance and strategy from The Anderson School at UCLA.


Tenure Analysis

Category Low

0.0

Category High

27.5

Category Average

5.04

Category Mode

1.6