Morningstar

Franklin Income Fund Class A1 FKINX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 2.55  /  0.00
  • Total Assets 79.4B
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.600%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Moderate Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Limited
  • TTM Yield 5.23%
  • Turnover 62%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FKINX

Will FKINX 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 FKINX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FKINX 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 FKINX’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 FKINX

More FKINX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.875%

1.85 1B
Government

ExxonMobil Holdings Corp

1.73 1B
Energy

Chevron Corp

1.58 1B
Energy

United States Treasury Notes 4.25%

1.57 1B
Government

Procter & Gamble Co

1.39 1B
Consumer Defensive

The Home Depot Inc

1.34 1B
Consumer Cyclical

Southern Co

1.09 861M
Utilities

Air Products and Chemicals Inc

0.93 733M
Basic Materials

United States Treasury Bonds 4.75%

0.92 728M
Government

PepsiCo Inc

0.86 677M
Consumer Defensive

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