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Morningstar

Franklin Equity Income Adv FEIFX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis FEIFX

Will FEIFX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FEIFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FEIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FEIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Drew Carter
Published on

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