Franklin Income has generated a solid yield, and its total returns have been strong at times, but it hasn’t consistently outperformed on a risk-adjusted basis. The fund’s team and process both lack a clear competitive advantage. Its Morningstar Analyst Rating remains Neutral across its share classes.
Franklin Income R6 FNCFX
NAV / 1-Day Return
2.51
/
0.40
%
Total Assets
72.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.400%
Expense Ratio
0.400%
Fee Level
Low
Longest Manager Tenure
19.25
years
Category
Allocation--30% to 50% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / LimitedStatus
Open
TTM Yield
4.83%
Turnover
69%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FNCFX 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 FNCFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FNCFX 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 FNCFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This multi-asset income fund's solid yield comes with a hefty dose of risk.
