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FRIAX Franklin Income Adv

  • Fund
  • FRIAX
  • Price as of: Jul 19, 2019
  • $2.29 - $0.00 - 0.00%
  • Category
  • Global Allocation

FRIAX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $75.2 B
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$2.29
$2.07
$2.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.95%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Dec 31, 1996
  • Shares Outstanding 5098637146
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Edward D. Perks

Fund Description

The Franklin Income Fund Share Class Advisor (FRIAX) is a conservative, balanced fund offering exposure to a wide range of equities and fixed-income securities. On the equity side, FRIAX provides exposure to foreign and domestic stocks with a focus on dividends and income generation. As for the fixed-income sleeve of the portfolio, FRIAX holds a mixture of Treasuries and corporate bonds as well as various money-market instruments. The fund provides a low-cost core option suited for all-in investors.

The actively managed fund aims to keep a 70/30 spilt between equities and bonds. The fund is managed by Franklin Templeton Investments.

FRIAX - Performance

Return Ranking - Trailing

Period FRIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -13.3% 16.1% 72.56%
1 Yr -0.4% -32.7% 6.4% 49.21%
3 Yr 1.0%* -6.9% 7.0% 64.13%
5 Yr -2.1%* -8.0% 22.6% 77.24%
10 Yr 2.3%* 0.2% 14.2% 70.97%

* Annualized


Return Ranking - Calendar

Period FRIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.2% -32.0% 3.8% 39.37%
2017 3.1% -5.0% 26.2% 88.25%
2016 10.1% -9.5% 210.7% 6.98%
2015 -12.6% -21.2% -0.3% 90.16%
2014 -1.2% -21.3% 16.3% 46.60%

Total Return Ranking - Trailing

Period FRIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -13.3% 16.1% 69.72%
1 Yr 2.3% -25.6% 7.6% 39.05%
3 Yr 5.7%* -3.5% 8.5% 23.17%
5 Yr 2.8%* -8.0% 31.4% 32.69%
10 Yr 8.3%* 0.7% 18.8% 3.87%

* Annualized


Total Return Ranking - Calendar

Period FRIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.7% -32.0% 3.8% 16.51%
2017 8.6% -3.7% 29.6% 83.81%
2016 16.6% -9.5% 233.7% 1.59%
2015 -7.8% -20.2% 6.6% 80.63%
2014 3.8% -21.3% 17.1% 23.47%

NAV & Total Return History

FRIAX - Holdings

Concentration Analysis

FRIAX Category Low Category High FRIAX % Rank
Net Assets 75.2 B 7.97 M 104 B 5.36%
Number of Holdings 407 2 3568 44.48%
Net Assets in Top 10 10.1 B -81.9 M 17.8 B 6.94%
Weighting of Top 10 13.84% 7.4% 895.1% 91.48%

Top 10 Holdings

  1. Wells Fargo & Co 1.83%

  2. Southern Co 1.69%

  3. Community Health Systems Incorporated 6.88% 1.67%

  4. Community Health Systems Incorporated 11% 1.59%

  5. Dominion Energy Inc 1.55%

  6. Tenet Healthcare Corporation 8.12% 1.28%

  7. Merck & Co Inc 1.09%

  8. Royal Dutch Shell PLC ADR Class A 1.06%

  9. Verizon Communications Inc 1.05%

  10. United States Treasury Notes 2.38% 1.04%


Asset Allocation

Weighting Return Low Return High FRIAX % Rank
Bonds
51.34% -234.98% 118.52% 19.24%
Stocks
33.30% 0.00% 259.25% 81.70%
Preferred Stocks
9.06% 0.00% 18.19% 2.84%
Cash
5.11% -88.02% 57.58% 57.41%
Convertible Bonds
1.19% 0.00% 13.55% 10.41%
Other
0.00% -15.54% 59.71% 77.29%

Stock Sector Breakdown

Weighting Return Low Return High FRIAX % Rank
Utilities
5.31% -0.84% 14.36% 11.43%
Healthcare
4.93% -1.73% 20.86% 55.24%
Financial Services
4.86% 0.00% 38.98% 84.13%
Energy
4.75% 0.00% 17.54% 37.78%
Consumer Defense
2.56% -1.84% 18.16% 76.19%
Basic Materials
2.30% -1.03% 15.55% 59.05%
Communication Services
1.56% 0.00% 14.74% 50.48%
Consumer Cyclical
1.50% -1.09% 25.91% 91.11%
Industrials
1.42% -0.35% 18.58% 91.43%
Technology
1.20% 0.00% 44.06% 93.02%
Real Estate
0.50% -0.42% 37.33% 86.67%

Stock Geographic Breakdown

Weighting Return Low Return High FRIAX % Rank
US
25.12% -9.56% 99.60% 50.79%
Non US
8.18% -19.48% 159.65% 90.22%

Bond Sector Breakdown

Weighting Return Low Return High FRIAX % Rank
Corporate
49.44% -0.30% 60.31% 2.52%
Government
8.71% -242.10% 104.67% 66.56%
Cash & Equivalents
4.22% -106.96% 66.12% 55.84%
Derivative
0.00% -2.24% 42.18% 39.75%
Securitized
0.00% 0.00% 20.64% 73.50%
Municipal
0.00% 0.00% 4.90% 47.32%

Bond Geographic Breakdown

Weighting Return Low Return High FRIAX % Rank
US
47.62% -262.85% 104.67% 9.78%
Non US
3.72% -17.16% 59.99% 70.35%

FRIAX - Expenses

Operational Fees

FRIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 11.20% 89.91%
Management Fee 0.37% 0.00% 1.56% 31.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 65.17%

Sales Fees

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

Trading Fees

FRIAX 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.

FRIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.95% 0.00% 614.00% 46.96%

FRIAX - Distributions

Dividend Yield Analysis

FRIAX Category Low Category High FRIAX % Rank
Dividend Yield 0.04% 0.00% 3.03% 6.94%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRIAX Category Low Category High FRIAX % Rank
Net Income Ratio 4.14% -1.08% 5.11% 2.84%

Capital Gain Distribution Analysis

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

FRIAX - Managers

Edward D. Perks

Manager

Start Date

Tenure

Tenure Rank

May 01, 2002

17.18

17.2%

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

6.53

6.5%

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

2.33

2.3%

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

2.33

2.3%

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

0.41

0.4%

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