Searching for A Good Source of Monthly Income?

Franklin Income Fund’s flexible approach adjusts to changing markets

72 YEARS OF DIVIDENDS AND COUNTING

Interest rates may go up and down, but a client’s need for income is constant. Franklin Income Fund (FRIAX) has paid uninterrupted dividends for over seven decades.

This long-running stream of income has been accomplished by investing in a flexible portfolio that includes both stocks and bonds. What’s more, the fund’s 12-month yield has exceeded that of its Morningstar Category Average and the 10-Year Treasury Bond over the past 25 years.

ATTRACTIVE INCOME STREAM OVER TIME

12-Month Yield at NAV1

25-Year Period Ended June 30, 2021

Performance data represents past performance, which does not guarantee future results. Current performance may differ from the figures shown. The fund’s investment return and principal value will change with market conditions, and you may have a gain or a loss when you sell your shares. Click for most recent month-end performance.

Treasuries, if held to maturity, offer a fixed rate of return and fixed principal value; their interest payments and principal are guaranteed.

A FLEXIBLE APPROACH THAT ADJUSTS TO CHANGING MARKET CONDITIONS

Franklin Income Fund has always sought out undervalued securities. This strategy, combined with the fund’s focus on income, has historically resulted in a portfolio composition that never remains static. The fund’s most important strength could be the flexibility it has to pursue what it believes are the best opportunities at any point in time—and the patience to see them bear fruit.

TACTICAL SHIFTS BETWEEN EQUITY AND FIXED INCOME IN SEARCH OF OPPORTUNITIES

10-Year Period Ended June 30, 2021

Portfolio holdings are subject to change without notice and may not represent current or future portfolio composition.

STRONG HISTORICAL PERFORMANCE SPANNING DIFFERENT INTEREST RATE ENVIRONMENTS

Since Franklin Income Fund’s inception in 1948, it has traversed rising and declining interest rate environments, seeking what it considers the best income-generating opportunities at any given time. This has resulted in a record of strong returns for long-term investors.


FRANKLIN INCOME FUND–ADVISOR CLASS

A Record of Strong Long-Term Returns in Rising and Declining Interest Rate Environments

Treasuries, if held to maturity, offer a fixed rate of return and fixed principal value; their interest payments and principal are guaranteed.


Average Annual Total Returns (%)

As of 06/30/2021

Distribution Rate
(07/31/2021)

1-YR

3-YR

5-YR

10-YR

Since Inception (08/31/1948)

30-DAY SEC YIELD (%)
w/ WAIVER9
(07/31/2021)

30-DAY SEC YIELD (%)
w/o WAIVER9
(07/31/2021)

EXPENSE RATIO (%)10

WITH WAIVER

WITHOUT WAIVER

FRIAX
Advisor Class6

4.63%

28.26

8.45

8.52

6.98

10.11

2.50

2.50

0.46

0.47

FKIQX
Class A
w/o Sales Charge7

4.15%

28.33

8.16

8.26

6.74

10.02

2.17

2.17

0.71

0.72

Class A
w/ 3.75% Initial Sales Charge8

4.15%

23.52

6.79

7.43

6.33

9.96

2.17

2.17

0.71

0.72

Performance data represents past performance, which does not guarantee future results. Current performance may differ from the figures shown. The fund’s investment return and principal value will change with market conditions, and you may have a gain or a loss when you sell your shares. Click for most recent month-end performance.

Advisor Class shares are only offered to certain eligible investors as stated in the prospectus. They are offered without sales charges or Rule 12b-1 fees. The fund offers multiple share classes, which are subject to different fees and expenses that will affect their performance. Please see the prospectus for details.