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Franklin Income Adv FRIAX

Analyst rating as of
NAV / 1-Day Return
2.25  /  0.00
Total Assets
62.5 Bil
Adj. Expense Ratio
0.470%
Expense Ratio
0.470%
Fee Level
Low
Longest Manager Tenure
18.58 years
Category
US Fund Allocation--30% to 50% Equity
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Low / Limited
Status
Open
TTM Yield
5.97%
Turnover
44%
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Morningstar’s Analysis

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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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