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Franklin Income Fund

Fund Category: HybridGo to Prices & Performance page
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Symbol FKINX
CUSIP 353 496 300
Fund Number 109
Inception Date1 Aug 31, 1948
Distributions Monthly
Total Net Assets
(all share classes)
As of 03/31/2014
$90,401.2
(millions)

As of  04/22/2014

NAV2 $2.51  
NAV Change $0.00  
POP3 $2.62  
YTD Total Return at NAV 5.46%
Distribution Rate at NAV 4.78%
30-day Standardized Yield4,5
As of 03/31/2014 (updated monthly)
3.22%

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 8.12% 12.76%
5 Yrs 16.38% 17.41%
10 Yrs 7.11% 7.59%
Life 10.50% 10.57%

Expense Ratio and Sales Charge As of 02/01/2014 (updated annually)

Gross Expense Ratio6 0.62%
Net Expense Ratio 0.62%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.15%

Fund Description

Strategy Statement
Portfolio Managers
Ed Perks
"We follow a flexible, value-oriented investment philosophy seeking income and long-term capital appreciation potential by investing in dividend-paying stocks, convertible securities and bonds."

Edward D. Perks, CFA®
Joined Franklin Templeton in 1992
Managed Fund since 2002

Strategy, Benefits, Results

Strategy

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

  • Using a value-oriented approach, we screen a broad universe of securities across asset classes, looking for those that we believe are undervalued or out-of-favor.
  • The fund has no set proportions on its allocations, which allows us to be flexible and actively select securities that present the best opportunities as market conditions change.
  • We tap the sector expertise of Franklin's equity and credit analysts when selecting investments for the fund, which helps maintain the fund's highly diversified approach.

Benefits

  • A Record of Consistent Dividends. Our fund's Class A shares have paid uninterrupted dividends for 60 calendar years. i.
  • Broad Diversification. Our fund has a diversified portfolio across several different asset classes, including dividend-paying stocks, bonds and convertible securities.
  • A Seasoned Management Team. Managers Ed Perks and Charles B. Johnson have managed the fund since 2002 and 1957, respectively.

i. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • The fund’s share price and yield will be affected by interest rate movements.
  • Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline.
  • Changes in the financial strength of a bond issuer or in a bond’s credit rating may affect its value.
  • The fund’s portfolio includes a substantial portion of higher-yielding, lower-rated corporate bonds because of the relatively higher yields they offer.
  • Floating-rate loans are lower-rated, higher-yielding instruments, which are subject to increased risk of default and can potentially result in loss of principal. These securities carry a greater degree of credit risk relative to investment-grade securities.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • The Fund is actively managed but there is no guarantee that the manager’s investment decisions will produce the desired results.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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Important Legal Information

Footnotes

For U.S. residents only.