Morningstar

Franklin Income Fund Class R FISRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 2.50  /  +0.40 %
  • Total Assets 79.9B
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Moderate Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Open
  • TTM Yield 4.99%
  • Turnover 62%

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FISRX

Will FISRX outperform in the 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 FISRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FISRX 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 FISRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A flexible approach helps achieve high income, but structural risks and variable returns warrant caution.

Senior Analyst Jodi Lim

Jodi Lim

Senior Analyst

Summary

Franklin Income reliably delivers high income through a flexible, opportunistic process. However, the approach leans heavily on credit risk and equity-linked notes, or ELNs, with few guardrails to constrain these exposures. While the team has adequate access to firm resources, more consistent integration across equity and fixed-income research platforms would help. On balance, these traits support Average People and Average Process Pillar ratings.

by Jodi Lim
Rated on Published on

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Portfolio Holdings FISRX

More FISRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Exxon Mobil Corp

1.95 2B
Energy

United States Treasury Notes 3.875%

1.85 1B
Government

Chevron Corp

1.83 1B
Energy

Procter & Gamble Co

1.58 1B
Consumer Defensive

United States Treasury Notes 4.25%

1.56 1B
Government

Southern Co

1.10 870M
Utilities

PepsiCo Inc

1.00 792M
Consumer Defensive

Air Products and Chemicals Inc

0.95 750M
Basic Materials

United States Treasury Bonds 4.75%

0.91 721M
Government

United States Treasury Bonds 4.125%

0.82 650M
Government

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