Morningstar

Franklin Income Fund Class A1 FKINX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $2.53  /  0.00
  • Fund Size $78.7B
  • Adjusted Expense Ratio 0.610%
  • Net Expense Ratio 0.600%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category Moderate Allocation
  • Equity Style Box (Funds) Large Value
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Investment Status Limited
  • TTM Yield 5.39%
  • Turnover Ratio 62%
NAV and 1-Day Return as of

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 14.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 5.125%

2.41 2B
Government

ExxonMobil Holdings Corp

2.11 2B
Energy

Chevron Corp

1.99 2B
Energy

United States Treasury Notes 4.625%

1.85 1B
Government

United States Treasury Notes 4.125%

1.19 916M
Government

Southern Co

1.08 829M
Utilities

Procter & Gamble Co

0.90 690M
Consumer Defensive

Johnson & Johnson

0.86 662M
Healthcare

CHS/Community Health Systems Inc 10.75%

0.82 632M
Corporate

International Business Machines Corp

0.76 584M
Technology

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