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FCISX Franklin Income C

  • Fund
  • FCISX
  • Price as of: Nov 22, 2017
  • $2.38
  • + $0.01
  • + 0.42%
  • Category
  • Global Allocation

FCISX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 6.3%
  • Net Assets $82.9 B
  • Holdings in Top 10 14.1%

52 WEEK LOW AND HIGH

$2.38
$2.27
$2.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 61.26%

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 2.1%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.07%
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 2.1% -25.7% 29.2% 76.13% 4
1 Yr 11.6% -35.4% 26.6% 45.92% 3
3 Yr 3.7% * -5.5% 9.0% 53.14% 3
5 Yr 6.3% * -3.6% 10.6% 40.97% 3
10 Yr 4.6% * -0.9% 6.5% 17.07% 1

* Annualized


Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.9% -30.2% 210.7% 5.91% 1
2015 -12.8% -30.7% 2.7% 81.40% 5
2014 -0.8% -25.2% 10.0% 33.50% 3
2013 8.4% -12.0% 23.8% 35.88% 3
2012 6.6% -11.2% 18.2% 70.87% 5

Total Return Ranking - Trailing

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.1% -25.7% 29.2% 76.13% 4
1 Yr 10.6% -35.4% 40.9% 42.06% 3
3 Yr 3.7% * -5.7% 12.6% 44.20% 3
5 Yr 6.3% * -3.8% 10.6% 34.38% 2
10 Yr 4.6% * -0.8% 6.5% 15.61% 1

* Annualized


Total Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 15.3% -30.2% 210.8% 2.50% 1
2015 -9.1% -29.2% 7.0% 85.58% 5
2014 4.1% -13.1% 18.1% 22.83% 2
2013 16.9% -9.8% 49.2% 37.57% 2
2012 17.1% -17.9% 30.6% 26.86% 2

NAV & Total Return History

FCISX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FCISX Category Low Category High FCISX % Rank Quintile
Net Assets 82.9 B 344 K 108 B 0.63% 1
Number of Holdings 435 2 5468 8.88% 2
Net Assets in Top 10 11.7 B -836 M 19.4 B 1.06% 1
Weighting of Top 10 14.1% 0.0% 408.5% 29.18% 5

Top 10 Holdings

  1. Royal Dutch Shell PLC ADR Class A 2.32%
  2. General Electric Co 1.45%
  3. Basf SE 1.53%
  4. Dominion Energy Inc 1.25%
  5. Coca-Cola Co 1.35%
  6. DowDuPont Inc 1.38%
  7. Wells Fargo & Co 1.49%
  8. Chs / Cmnty Health Sys 8% 1.09%
  9. Sanofi SA ADR 1.07%
  10. Chevron Corp 1.13%

Asset Allocation

Weighting Category Low Category High FCISX % Rank Quintile
Stocks
44.09% -1.87% 104.72% 22.62% 4
Bonds
37.28% -168.49% 101.81% 11.42% 2
Preferred Stocks
8.71% -0.01% 26.59% 1.27% 1
Cash
5.81% -106.19% 184.57% 16.70% 3
Other
3.19% -1.71% 101.91% 15.22% 3
Convertible Bonds
0.92% 0.00% 6.58% 2.54% 1

Stock Sector Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
Energy
6.51% -2.96% 27.67% 4.85% 1
Financial Services
5.98% -1.55% 21.55% 21.37% 4
Utilities
5.59% 0.00% 19.66% 1.54% 1
Healthcare
4.66% -2.40% 11.97% 15.64% 3
Consumer Defense
4.39% -1.18% 21.92% 11.89% 3
Basic Materials
3.54% -0.11% 19.84% 11.23% 2
Industrials
3.46% 0.00% 15.36% 22.47% 4
Technology
2.20% -1.42% 20.13% 28.41% 5
Communication Services
1.39% -0.71% 19.29% 20.93% 4
Consumer Cyclical
1.39% -2.25% 12.90% 27.53% 5
Real Estate
0.67% -0.70% 25.87% 26.21% 5

Stock Geographic Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
US
31.38% -70.07% 104.72% 9.09% 2
Non US
12.71% 0.00% 93.40% 28.12% 5

Bond Sector Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
Corporate
41.78% -0.01% 53.23% 1.48% 1
Cash & Equivalents
5.81% -103.93% 185.25% 15.86% 3
Securitized
0.11% 0.00% 22.72% 16.49% 3
Government
0.07% -174.60% 77.51% 27.91% 5
Derivative
0.00% -18.68% 15.62% 6.55% 4
Municipal
0.00% 0.00% 9.55% 8.03% 5

Bond Geographic Breakdown

Weighting Category Low Category High FCISX % Rank Quintile
US
31.96% -178.20% 82.43% 6.34% 1
Non US
5.32% 0.00% 62.55% 22.41% 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% 32.84% 2
Management Fee 0.37% 0.00% 1.70% 7.87% 2
12b-1 Fee 0.65% 0.00% 1.00% 1.83% 4
Administrative Fee 0.15% 0.00% 0.55% 3.24% 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 61.26% 0.00% 1837.00% 11.85% 3

FCISX - Distributions

Dividend Yield Analysis

FCISX Category Low Category High FCISX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.17% 70.69% 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 4.07% -2.25% 9.28% 4.45% 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

15.51

Tenure Rank

0.5%

Edward Perks, CFA, executive vice president is chief investment officer of Franklin Templeton's equity teams, overseeing Franklin Equity Group, Templeton Global Equity Group, Franklin Mutual Series and Franklin U.S. Value. He is also a member of Franklin Resources' executive committee, a nine-member group responsible for shaping the company's overall strategy. Mr. Perks is lead portfolio manager for Franklin U.S. Monthly Income Fund, U.S.-based Franklin Income Fund and related portfolios. Mr. Perks holds a B.A. in economics and political science from Yale University.


Matthew D. Quinlan

Manager

Start Date

Dec 21, 2012

Tenure

4.86

Tenure Rank

6.2%

Matt Quinlan, MBA is a vice president, research analyst and portfolio manager for the Franklin Equity Group. He is a portfolio manager for Franklin U.S. Monthly Income Fund and several U.S.-based Franklin equity funds. Mr. Quinlan leads the Consumer Research Team and he has research coverage responsibilities for the retail and consumer products sectors. He also analyzes debt and equity investments for the Core/Hybrid Team. 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.


Todd Brighton

Manager

Start Date

Mar 01, 2017

Tenure

0.67

Tenure Rank

12.4%

Todd Brighton, CFA is a vice president, portfolio manager and research analyst for Franklin Equity Group. In addition to Franklin U.S. Monthly Income Fund he is a portfolio manager for U.S.-based Franklin Liberty U.S. Low Volatility ETF, Franklin Equity Income Fund and FTVIP Growth and Income Fund. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies.


Richard S. Hsu

Manager

Start Date

Mar 01, 2017

Tenure

0.67

Tenure Rank

12.4%

Richard Hsu, CFA is a vice president, portfolio manager, and research analyst in the Franklin Templeton Fixed Income Group. He is also a member of the firm’s Fixed Income Policy Committee. Mr. Hsu assists in the managing of bank loan credit strategies and research for the Franklin Income strategy and other corporate credit products that have allocations to floating rate debt. Mr. Hsu joined the firm in 1996 and helped create the floating rate bank loan group in 1997. He earned a B.A. with honors and M.A. from Stanford University.


Tenure Analysis

Category Low

0.0

Category High

25.9

Category Average

5.19

Category Mode

0.7