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FKIQX

Franklin Income Fund

As of 12/10/2025

NAV 1

$2.48

$0.01 (0.40%)
 

POP 2

$2.58

 
 

YTD Total Return At NAV 3

11.72%

 
As of 11/30/2025

Morningstar Overall Rating™ 4

Moderate Allocation

Franklin Income Fund’s management team has completed their yearly dividend review and determined that the fund will increase its dividend across all share classes for calendar year 2026: Advisor Class: $0.0116; Class A: $0.0111; Class C: $0.0102; Class R: $0.0106; Class R6: $0.0117; Class A1: $0.0113, per share. All classes of shares may not be available to all investors or through all distribution channels. Per the fund’s prospectus, the fund employs a distribution policy that is designed to provide shareholders with regular distributions from their investment. Under this policy, the fund distributes 12 level monthly payments throughout each calendar year to enable shareholders to estimate the distributions they will receive from the fund. Every year, the investment manager will undertake to determine if an adjustment should be made to the monthly rate.

Overview

Fund Description

The fund seeks to maximize income, while maintaining prospects for capital appreciation, by investing in a diversified portfolio of stocks and bonds.

Strategy Statement

"We follow a flexible investment philosophy seeking income and long-term capital appreciation potential by investing in dividend-paying stocks, convertible securities and bonds."

Edward D. Perks, CFA®

Ed Perks examines the current market landscape, exploring potential implications for the road ahead in both the stock and bond markets.

Hear about Franklin Income Fund’s strategy and asset allocation mix across stocks, bonds and hybrid securities with a focus on the current market cycle.

Strategy & Benefits

Strategy

We seek to maximize income, while maintaining prospects for capital appreciation over the long term.

  • As opportunistic investors, we strive to identify relative value across the capital structure, seeking to take advantage of short-term inefficiencies in the market where our fundamental views may differ from the market consensus.
  • The fund has no formal asset allocation targets, which allows us to be flexible and actively select securities that present the best opportunities as market conditions change.
  • We leverage the broader research capabilities of Franklin Templeton Investment Solutions, Franklin Equity Group, and Franklin Templeton Fixed Income when selecting investments for the fund, which helps maintain the fund's highly diversified approach.
Benefits
  • A Record of Consistent Dividends. For over 70 years, Franklin Income Fund has paid uninterrupted dividends. (as of September 30, 2022)
  • Broad Diversification. A diversified portfolio of equity, fixed income, and hybrid securities, including but not limited to common and preferred stocks, high yield and investment grade corporates, floating rate, mortgage-backed, U.S. Treasuries, convertible securities, and equity-linked notes.
  • Experienced Portfolio Management Team. Portfolio managers Ed Perks, Brendan Circle, and Todd Brighton have managed the fund since 2002, 2019 and 2017, respectively.
Fund Information
Asset Class 
Multi-Asset
Share Class Inception Date 
09/10/2018
Fund Inception Date 
08/31/1948
Investment Style 
Income
Morningstar Category4 
Moderate Allocation
Lipper Classification 
Flexible Portfolio Funds
Total Net Assets  As of 11/30/2025 (Updated Monthly)
$76.92 Billion
Dividends & Yields
Dividend Frequency, if any 
Monthly
Distribution Rate at NAV5  As of 12/09/2025 (Updated Daily)
5.25%
30-Day SEC Yield—With Waiver678  As of 11/30/2025 (Updated Monthly)
3.21%
30-Day SEC Yield—Without Waiver68  As of 11/30/2025 (Updated Monthly)
3.21%
Sales Charges, Expenses & Fees
As of 02/01/2025
Gross Expense Ratio9 
0.72%
Net Expense Ratio910 
0.71%
Maximum Initial Charge 
3.75%
CDSC11 
1.00%
12b-1 Fee 
0.25%
Identifiers
Ticker 
FKIQX
Fund Number 
1109
CUSIP Code 
353496490

Portfolio Managers

Edward D. Perks, CFA®

California, United States

Managed Fund Since 2002

Brendan Circle, CFA®

California, United States

Managed Fund Since 2019

Todd Brighton, CFA®

California, United States

Managed Fund Since 2017

Performance

Portfolio

Portfolio Holdings

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Monthly
Capital Gain Distributions 
December

Rates and Yields

Read important information about results and other investment disclosures
Distribution Rate & Breakpoints
As of 12/10/2025
Less than $100,000 
5.02%
$100,000 - $249,999 
5.06%
$250,000 - $499,999 
5.10%
Distribution Rate
As of 12/10/2025
At Net Asset Value (NAV) 
5.23%
30-Day SEC Yield
As of 11/30/2025
w/ Waiver 
3.21%
w/o Waiver 
3.21%

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

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
11/28/2025
Ex-Dividend Date  
12/01/2025
Reinvestment Date  
12/01/2025
Payable Date  
12/01/2025
Reinvestment Amount  
$2.47
Long-Term Capital Gains  
$0.0076
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0184
Record Date  
10/31/2025
Ex-Dividend Date  
11/03/2025
Reinvestment Date  
11/03/2025
Payable Date  
11/03/2025
Reinvestment Amount  
$2.45
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
09/30/2025
Ex-Dividend Date  
10/01/2025
Reinvestment Date  
10/01/2025
Payable Date  
10/01/2025
Reinvestment Amount  
$2.47
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
08/29/2025
Ex-Dividend Date  
09/02/2025
Reinvestment Date  
09/02/2025
Payable Date  
09/02/2025
Reinvestment Amount  
$2.45
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
07/31/2025
Ex-Dividend Date  
08/01/2025
Reinvestment Date  
08/01/2025
Payable Date  
08/01/2025
Reinvestment Amount  
$2.40
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
06/30/2025
Ex-Dividend Date  
07/01/2025
Reinvestment Date  
07/01/2025
Payable Date  
07/01/2025
Reinvestment Amount  
$2.42
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
05/30/2025
Ex-Dividend Date  
06/02/2025
Reinvestment Date  
06/02/2025
Payable Date  
06/02/2025
Reinvestment Amount  
$2.35
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
04/30/2025
Ex-Dividend Date  
05/01/2025
Reinvestment Date  
05/01/2025
Payable Date  
05/01/2025
Reinvestment Amount  
$2.31
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
03/31/2025
Ex-Dividend Date  
04/01/2025
Reinvestment Date  
04/01/2025
Payable Date  
04/01/2025
Reinvestment Amount  
$2.37
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
02/28/2025
Ex-Dividend Date  
03/03/2025
Reinvestment Date  
03/03/2025
Payable Date  
03/03/2025
Reinvestment Amount  
$2.39
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
01/31/2025
Ex-Dividend Date  
02/03/2025
Reinvestment Date  
02/03/2025
Payable Date  
02/03/2025
Reinvestment Amount  
$2.36
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108
Record Date  
01/02/2025
Ex-Dividend Date  
01/03/2025
Reinvestment Date  
01/03/2025
Payable Date  
01/03/2025
Reinvestment Amount  
$2.35
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.0108
Total Distribution Per Share  
$0.0108

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.

Tax Information

Tax Information

Federal ID Number 94-3025603
For information on tax years prior to 2008, please contact us
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Record Date  
Jan 02
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Jan 31
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Feb 29
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Mar 28
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Apr 30
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
May 31
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Jun 28
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Jul 31
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Sep 03
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Sep 30
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Oct 31
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Nov 29
Ordinary Dividends  
0.0108
Qualified Dividends  
0.00142
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.1296
Qualified Dividends  
0.01704
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
Foreign Source Qualified Dividends 
Direct U.S. Government Obligations 
7.00%
Specified Private Activity Bond Interest 
Dividends Received Deduction 
12.04%
Section 163(j) 
60.71%
Indiana Resident Taxable Income 
Utah Resident Taxable Income 

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

Pricing History Chart

As of 12/10/2025 Updated Daily

Daily Fund Prices and Breakpoints

As of 12/10/2025

Share Prices

As of 12/10/2025
NAV1 (Net Asset Value)
$2.48
NAV Change1 
$0.01
NAV Change (%)1 
0.40%
POP2 (Public Offering Price)
$2.58

52-Week Range

Highest NAV  As on 11/28/2025
$2.49
Lowest NAV  As on 04/08/2025
$2.21
POP and Sales Charge at Breakpoints

Investment

Sales Charge

POP

Less than $100,000 3.75%$2.58
$100,000 - $249,999 3.25%$2.56
$250,000 - $499,999 2.25%$2.54
POP and Sales Charge at Breakpoints
Investment  
Less than $100,000
Sales Charge  
3.75%
POP  
$2.58
Investment  
$100,000 - $249,999
Sales Charge  
3.25%
POP  
$2.56
Investment  
$250,000 - $499,999
Sales Charge  
2.25%
POP  
$2.54

Documents

Product Literature

PDF Format

Factsheet - Franklin Income Fund

PDF Format

Brochure - Five reasons why investors buy and hold Franklin Income Fund (A Class)

PDF Format

Brochure - Franklin Income Fund: The Power of Income.

Regulatory Documents

PDF Format

Semi-Annual Report - Franklin Income Fund - Class A

PDF Format

Annual Report - Franklin Income Fund - Class A

PDF Format

Prospectus - Franklin Custodian Funds

PDF Format

Summary Prospectus - Franklin Income Fund

PDF Format

Statement of Additional Information - Franklin Custodian Funds

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Custodian Funds

Mailed hardcopies unavailable.

PDF Format

Fiscal Q3 Holdings - Franklin Custodian Funds

Mailed hardcopies unavailable.

Risks

What Are the Risks?

All investments involve risks, including possible loss of principal. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. Equity securities are subject to price fluctuation and possible loss of principal. 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.

This website is intended for Primerica.