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Managed Fund Since 2011
Equity
FISEX Franklin Equity Income Fund
- Experienced management team with over 57 years of combined industry experience.
- Distinctive risk/reward profile.
- Broad diversification spread across multiple asset classes.
Popular Documents
Total Net Assets
$4.54B
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund's investment goal is to maximize total return by emphasizing high current income and long-term capital appreciation, consistent with reasonable risk. The fund normally invests at least 80% of its net assets in equity securities, with a focus on financially-strong "blue chip" companies, and the remainder of its assets in other equity-related instruments such as convertible securities and equity-linked notes.
- Benchmark
- Russell 1000 Value Index
- Additional Benchmark
- S&P 500 Index
- Dividend Frequency, if any
- Quarterly
- Fund Inception Date
- 03/15/1988
Identifiers
- Ticker
- FISEX
- Fund Number
- 139
- CUSIP Code
- 353612401
Average Annual Total Returns As of 10/31/2025
Class A
- 7.67%1 Year
- 12.81%3 Years
- 13.21%5 Years
- 10.05%10 Years
- 9.02%Since Inception
03/15/1988
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 % of Total (Updated Monthly)
Financials21.82% | |
Industrials16.05% | |
Health Care11.82% | |
Information Technology9.16% | |
Consumer Staples7.98% |
Additional Fund Info
- Share Class Inception Date
- 03/15/1988
- Investment Style
- Equity Income
- Lipper Classification
- Equity Income Funds
- Morningstar Category
3 - Large Value
Manager and Commentary
About the Team
Franklin Equity Group
Growth equity managers with a focus on in-depth fundamental research, we offer expertise in managing global, U.S. and sector-specific strategies across the market capitalization spectrum. Our center of gravity in Silicon Valley allows us to follow companies across their private to public life cycles, developing deeper insights into future industry trends and identifying potential disruptors.
Commentary Highlights
September 30, 2025- Markets: US equities delivered strong performance over the third quarter of 2025, buoyed, in part, by easing trade tensions and optimism surrounding artificial intelligence (AI). The US Federal Reserve’s (Fed’s) interest-rate cut in September also supported market sentiment, as did generally robust corporate earnings. Both the S&P 500 Index and the Nasdaq Composite Index ended the quarter at new record highs, while returns for the Dow Jones Industrial Average were more muted. In this environment, growth investing surpassed value in the large-capitalization tier, while it was the reverse in the mid- and small-capitalization segments, with small-cap stocks overall performing better than their large-and mid-cap counterparts.
- Contributors: The fund outperformed (Advisor Class without sales charges) the Russell 1000 Value Index as stock selection decisions worked in our favor. In absolute terms, the financials, industrials, health care and information technology (IT) sectors had the largest positive impact on returns.
- Detractors: Allocation decisions detracted from results relative to the benchmark. In absolute terms, materials was the only sector that turned negative due to our chemicals industry exposure.]
- Outlook: As markets have fully recovered from April lows and many indexes have reached new highs, we are mindful of valuation risks and higher expectations that are present. Our focus remains on the opportunities for individual companies held in the fund as well as on understanding the durability of end markets and the earnings impact of tariffs.
Franklin Equity Group
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Managed Fund Since 2005
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Managed Fund Since 2025
Latest Insights
November 27, 2025
October 13, 2025
October 1, 2025
Performance
Class A - Without Sales Charge (NAV)
Measured against: Russell 1000 Value Index
Statistics
Beta
Bull Bear Capture Ratio
Beta Bear
Beta Bull
Historical Tracking Error
Information Ratio
Gains/Losses
Standard Deviation (%)
Class A
Russell 1000 Value Index
Sharpe Ratio (%)
Class A
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $4.54 Billion
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 66
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Earnings (12-Month Trailing) 10
- Fund
- 23.62x
- Benchmark
- 20.56x
- Fund
- 3.46x
- Benchmark
- 2.94x
- Fund
- $365.81 Billion
- Benchmark
- $373.77 Billion
- Fund
- 2.01%
- Benchmark
- 1.87%
Asset Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 82.84% |
Convertibles/Equity-Linked Notes | 14.38% |
Cash & Cash Equivalents | 2.78% |
Holdings
As of 10/31/2025 (Updated Monthly)
JPMorgan Chase & Co COM USD1
Morgan Stanley COM USD.01
Bank of America Corp COM USD.01
Chevron Corp COM USD.75
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Johnson & Johnson COM USD1
Procter & Gamble Co/The COM NPV
Charles Schwab Corp/The COM USD0.01
Duke Energy Corp COM USD.001
WALMART INC COM USD0.1
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- QuarterlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate & Breakpoints
Less than $25,000 1.55%
$25,000 - $49,999 1.56%
$50,000 - $99,999 1.57%
$100,000 - $249,999 1.58%
$250,000 - $499,999 1.60%
$500,000 - $749,999 1.61%
$750,000 - $999,999 1.62%
Distribution Rate
At Net Asset Value (NAV)
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/19/2025
09/19/2025
06/18/2025
03/19/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 11/26/2025 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 11/26/2025
Share Prices
As of 11/26/2025
POP and Sales Charge at Breakpoints
Less than $25,000
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
52-Week Range
- Highest NAV
As of 11/29/2024 - $36.01
- Lowest NAV
As of 04/08/2025 - $27.90
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Equity Income Fund | |||
| Product Commentary - Franklin Equity Income Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Equity Income Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Investors Securities Trust #1 | |||
| Semi-Annual Report - Franklin Equity Income Fund Class A | |||
| Semiannual Financial Statements and Other Information - Franklin Investors Securities Trust | |||
| Prospectus - Franklin Investors Securities Trust #1 | |||
| Summary Prospectus - Franklin Equity Income Fund | |||
| Statement of Additional Information - Franklin Investors Securities Trust #1 | |||
| Fiscal Q1 Holdings - Franklin Investors Securities Trust Funds | |||
| Fiscal Q3 Holdings - Franklin Investors Securities Trust Funds |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Distributions are not guaranteed and are subject to change. Investments in equity-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. Convertible securities are subject to the risks of stocks when the underlying stock price is high relative to the conversion price and debt securities when the underlying stock price is low relative to the conversion price. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.