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FCISX Franklin Income C

  • Fund
  • FCISX
  • Price as of: Aug 22, 2019
  • $2.31 + $0.01 + 0.44%
  • Category
  • Global Allocation

FCISX - Profile

Vitals

  • YTD Return 6.5%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $74.9 B
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$2.31
$2.12
$2.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 49.95%

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 7.3%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 01, 1995
  • Shares Outstanding 6160318491
  • 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 (%)
YTD 6.5% -13.3% 16.1% 75.82%
1 Yr -2.5% -32.7% 6.4% 47.04%
3 Yr 0.4%* -6.9% 7.0% 61.84%
5 Yr -2.2%* -8.0% 22.6% 73.03%
10 Yr 1.8%* 0.2% 14.2% 64.58%

* Annualized


Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.0% -32.0% 3.8% 36.84%
2017 3.4% -5.0% 26.2% 86.18%
2016 9.9% -9.5% 210.7% 8.55%
2015 -12.8% -21.2% -0.3% 92.76%
2014 -0.8% -21.3% 16.3% 43.11%

Total Return Ranking - Trailing

Period FCISX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% -13.3% 16.1% 64.05%
1 Yr -0.6% -25.6% 7.6% 43.09%
3 Yr 4.2%* -3.5% 8.5% 29.28%
5 Yr 1.9%* -8.0% 31.4% 50.66%
10 Yr 6.9%* 0.7% 18.8% 9.72%

* Annualized


Total Return Ranking - Calendar

Period FCISX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.1% -32.0% 3.8% 17.76%
2017 8.2% -3.7% 29.6% 83.88%
2016 15.5% -9.5% 233.7% 4.28%
2015 -8.6% -20.2% 6.6% 87.17%
2014 3.5% -21.3% 17.1% 28.62%

NAV & Total Return History

FCISX - Holdings

Concentration Analysis

FCISX Category Low Category High FCISX % Rank
Net Assets 74.9 B 7.97 M 104 B 5.23%
Number of Holdings 411 2 3568 44.77%
Net Assets in Top 10 10.4 B -81.9 M 17.8 B 6.86%
Weighting of Top 10 13.83% 7.4% 895.1% 90.85%

Top 10 Holdings

  1. Southern Co 1.73%

  2. Community Health Systems Incorporated 6.88% 1.68%

  3. Wells Fargo & Co 1.62%

  4. Community Health Systems Incorporated 9.88% 1.60%

  5. Dominion Energy Inc 1.49%

  6. United States Treasury Notes 2.25% 1.34%

  7. Tenet Healthcare Corporation 8.12% 1.26%

  8. Royal Dutch Shell PLC ADR Class A 1.05%

  9. Verizon Communications Inc 1.03%

  10. Occidental Petroleum Corp 1.03%


Asset Allocation

Weighting Return Low Return High FCISX % Rank
Bonds
51.90% -234.98% 118.52% 16.01%
Stocks
32.35% 0.00% 259.25% 83.66%
Preferred Stocks
12.56% 0.00% 18.19% 2.61%
Cash
2.02% -88.02% 57.58% 84.31%
Convertible Bonds
1.17% 0.00% 13.55% 7.19%
Other
0.00% -15.54% 59.71% 73.20%

Stock Sector Breakdown

Weighting Return Low Return High FCISX % Rank
Energy
5.23% 0.00% 17.54% 29.28%
Utilities
5.17% -0.84% 14.36% 10.86%
Healthcare
4.85% -1.73% 20.86% 54.61%
Financial Services
4.57% 0.00% 38.98% 82.24%
Consumer Defense
2.29% -1.84% 18.16% 76.97%
Communication Services
1.91% 0.00% 14.74% 35.53%
Basic Materials
1.82% -1.03% 15.55% 72.04%
Technology
1.32% 0.00% 44.06% 92.76%
Industrials
1.24% -0.35% 18.58% 93.75%
Consumer Cyclical
1.13% -1.09% 25.91% 93.42%
Real Estate
0.46% -0.42% 37.33% 83.88%

Stock Geographic Breakdown

Weighting Return Low Return High FCISX % Rank
US
24.17% -9.56% 99.60% 52.61%
Non US
8.18% -19.48% 159.65% 89.87%

Bond Sector Breakdown

Weighting Return Low Return High FCISX % Rank
Corporate
53.48% -0.30% 60.31% 1.63%
Government
10.97% -242.10% 104.67% 63.73%
Cash & Equivalents
1.22% -106.96% 66.12% 78.10%
Derivative
0.00% -2.24% 42.18% 30.72%
Securitized
0.00% 0.00% 20.64% 69.28%
Municipal
0.00% 0.00% 4.90% 34.97%

Bond Geographic Breakdown

Weighting Return Low Return High FCISX % Rank
US
49.16% -262.85% 104.67% 5.88%
Non US
2.74% -17.16% 59.99% 75.49%

FCISX - Expenses

Operational Fees

FCISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.01% 11.20% 56.86%
Management Fee 0.37% 0.00% 1.56% 28.10%
12b-1 Fee 0.65% 0.00% 1.00% 69.31%
Administrative Fee 0.15% 0.01% 0.47% 61.63%

Sales Fees

FCISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 29.63%

Trading Fees

FCISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 49.95% 0.00% 614.00% 44.70%

FCISX - Distributions

Dividend Yield Analysis

FCISX Category Low Category High FCISX % Rank
Dividend Yield 2.73% 0.00% 3.03% 14.38%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FCISX Category Low Category High FCISX % Rank
Net Income Ratio 3.49% -1.08% 5.11% 6.21%

Capital Gain Distribution Analysis

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

FCISX - Managers

Edward D. Perks

Manager

Start Date

Tenure

Tenure Rank

May 01, 2002

17.26

17.3%

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

Tenure

Tenure Rank

Dec 21, 2012

6.61

6.6%

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 and he has research coverage responsibilities for the retail and consumer products sectors. He also analyzes debt and equity investments for the multi-asset solutions team. He holds a B.A. in history from UCLA and an M.B.A. from The Anderson School at UCLA.


Todd Brighton

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.42

2.4%

Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. He is also a co-manager of the Franklin Income Fund, the Franklin Managed Income Fund, and the Franklin Equity 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

Tenure

Tenure Rank

Mar 01, 2017

2.42

2.4%

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.


Brendan Circle

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2019

0.49

0.5%

Brendan Circle, CFA (Portfolio Manager and Research Analyst of Franklin Advisers, Inc.) is a portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. His portfolio manager responsibilities include assisting in the management of multi-asset strategies. Mr. Circle also specializes in the analysis of high yield corporate bonds. Mr. Circle joined Franklin Templeton in 2014 upon graduation from business school at the University of Chicago Booth School of Business. Previously, he was a research analyst for the Franklin Templeton Fixed Income Group, focusing on high yield corporate bonds. Prior to business school, Mr. Circle worked as a senior portfolio management associate at PIMCO, specializing in Global Investment Grade Credit portfolio strategies. Mr. Circle holds an A.B. in economics from Princeton University and an M.B.A. from the University of Chicago Booth School of Business. Mr. Circle is a Chartered Financial Analyst (CFA), as well as a member of the CFA Institute and the CFA Society of San Francisco.


Tenure Analysis

Category Low

0.0

Category High

27.51

Category Average

6.14

Category Mode

6.5