Will FRIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
This multi-asset income fund's solid yield comes with a hefty dose of risk
Franklin Income has generated a solid yield, and its total returns have been strong at times, but its risk-adjusted returns have been subpar compared to peers owing to relatively high volatility. The fund’s team and process both lack a clear competitive advantage. Its Morningstar Analyst Rating remains Neutral across its share classes.
What is Franklin Custodian Fund?
Franklin Custodian Funds - Franklin Income Fund is an open-ended balanced mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of countries across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in dividend paying value stocks of companies across all market capitalizations. For the fixed income portion, the fund invests in fixed, floating, and variable rate instruments including secured and unsecured bonds; bonds convertible into common stock; senior floating rate and term loans; mortgage-backed securities and other asset-backed securities; debentures; shorter term instruments; and corporate, foreign, and U.S. treasury bonds with maturities between four to seven years. It employs fundamental analysis with bottom-up security picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Lipper Mixed-Asset Target Allocation Moderate Funds Classification Average, and a composite index comprising of 50% MSCI USD High Dividend Yield Index, 25% Bloomberg Barclays High Yield Very Liquid Index, and 25% Bloomberg Barclays US Aggregate Index. Franklin Custodian Funds - Franklin Income Fund was formed on August 31, 1948 and is domiciled in the United States.
When was Franklin Income Fund established?
Franklin Custodian Funds - Franklin Income Fund was formed on August 31, 1948 and is domiciled in the United States. The investment seeks to maximize income while maintaining prospects for capital appreciation. The fund invests in a diversified portfolio of debt and equity securities.
Fund Description
The fund invests in a diversified portfolio of debt and equity securities. The equity securities in which the fund invests consist primarily of common stocks.
Edward Perks
Edward Perks is chief investment officer of Franklin Templeton Investment Solutions and president of Franklin Advisers, Inc. In this role, Mr. Perks has oversight of myriad multi-asset investment capabilities designed to meet client needs for specific investment solutions. Mr. Perks joined Franklin Templeton in 1992. Mr. Perks holds a B.A.
Todd Brighton
Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies. Mr.
Brendan Circle
Brendan Circle is a vice president, portfolio manager, and research analyst for Franklin Templeton Multi-Asset Solutions. In this role, Mr. Circle serves as a comanager of Franklin Income Fund and related portfolios, as well as Franklin Managed Income Fund.
