Franklin Equity Income's manager team is seasoned but backed by standard resources. Matthew Quinlan, lead manager since November 2015, joined the firm a decade earlier and makes final portfolio decisions. He is joined by comanager Alan Muschott, who brings expertise in convertible securities, which typically claim about 5% of assets. Muschott has spent 26 years at the firm and currently serves as lead manager of two strategies focused on convertible securities, as well as a variable insurance products strategy. Todd Brighton, an expert in equity-linked notes stepped off this strategy in February 2024 as other duties pulled him toward another part of the firm. In August 2024, Quinlan added Dan Nuckles as a dedicated analyst; a two-decade financials analyst and sector head at the firm, Nuckles will keep those roles while he expands his expertise beyond financials. He will eventually help Quinlan vet ideas from across the firm’s central analyst pool of about 30.
Franklin Equity Income A FISEX
- NAV / 1-Day Return 34.41 / +0.76 %
- Total Assets 4.2 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.830%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.15%
- Turnover 29%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis FISEX
Will FISEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 29.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
JPMorgan Chase & Co | 4.84 | 201.2 Mil | Financial Services |
Morgan Stanley | 3.45 | 143.7 Mil | Financial Services |
Chevron Corp | 3.17 | 132.0 Mil | Energy |
Johnson & Johnson | 2.85 | 118.6 Mil | Healthcare |
Bank of America Corp | 2.85 | 118.4 Mil | Financial Services |
Procter & Gamble Co | 2.62 | 108.9 Mil | Consumer Defensive |
Oracle Corp | 2.53 | 105.3 Mil | Technology |
UnitedHealth Group Inc | 2.48 | 103.3 Mil | Healthcare |
Duke Energy Corp | 2.30 | 95.7 Mil | Utilities |
HCA Healthcare Inc | 1.95 | 81.1 Mil | Healthcare |