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Franklin Utilities A1 FKUTX

Analyst rating as of
NAV / 1-Day Return
19.53  /  0.67 %
Total Assets
6.3 Bil
Adj. Expense Ratio
0.730%
Expense Ratio
0.730%
Fee Level
Low
Longest Manager Tenure
21.52 years
Category
US Fund Utilities
Investment Style
Large Value
Min. Initial Investment
1,000
Status
Limited
TTM Yield
2.69%
Turnover
8%
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Morningstar’s Analysis

Will FKUTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillar’s below.

Franklin to Buy Legg Mason

Senior Analyst

Analyst Note

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San Mateo, Calif.-based Franklin Resources announced today that it has entered into an agreement to buy Legg Mason for $4.5 billion in cash, creating a $1.5 trillion asset manager. The deal is expected to close in the third quarter of 2020, pending approval from regulators and other parties.

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