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Franklin Equity Income A FISEX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 32.56  /  +0.28 %
  • Total Assets 4.0 Bil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.38%
  • Turnover 29%

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FISEX

Will FISEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Comanager Steps Off Franklin Equity Income; Ratings Unchanged

null Drew Carter

Drew Carter

Analyst Note

Todd Brighton stepped down as comanager of Franklin Equity Income effective Feb. 29, 2024, a spokeswoman confirmed. Brighton had overseen the equity-linked note portion of the portfolio, which lead manager Matt Quinlan also helped run. The move was brought on by Brighton’s growing account and client responsibilities at Franklin Income Investors, a specialist investment team within the firm, which Brighton moved to in October 2022. Brighton is the lead manager on Franklin US Low Volatility ETF and comanages, among others, the Franklin Income Fund. He had joined Franklin Equity Group, which manages this strategy, when he joined the firm in 2000. Quinlan is able to manage the ELNs in Brighton’s absence. He and the analysts supporting him have been involved in identifying and selecting ELNs in the past, and these selections often overlap with companies whose common stocks are held in the portfolio. Therefore, Brighton’s departure does not affect this strategy’s Average People Pillar rating nor its Morningstar Medalist Rating.

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Portfolio Holdings FISEX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 29.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan Chase & Co

4.83 190.3 Mil
Financial Services

Chevron Corp

3.45 135.7 Mil
Energy

Morgan Stanley

3.30 129.9 Mil
Financial Services

Johnson & Johnson

3.01 118.6 Mil
Healthcare

Bank of America Corp

2.79 110.0 Mil
Financial Services

Procter & Gamble Co

2.58 101.4 Mil
Consumer Defensive

Oracle Corp

2.44 96.1 Mil
Technology

Broadcom Inc

2.31 90.8 Mil
Technology

HCA Healthcare Inc

2.29 90.1 Mil
Healthcare

Duke Energy Corp

2.06 81.2 Mil
Utilities