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Trending ETFs

FRANKLIN EQUITY INCOME FUND

mutual fund
FRETX
Payout Change
Pending
Price as of:
$34.64 +0.42 +1.23%
primary theme
U.S. Large-Cap Value Equity
FRETX (Mutual Fund)

FRANKLIN EQUITY INCOME FUND

Payout Change
Pending
Price as of:
$34.64 +0.42 +1.23%
primary theme
U.S. Large-Cap Value Equity
FRETX (Mutual Fund)

FRANKLIN EQUITY INCOME FUND

Payout Change
Pending
Price as of:
$34.64 +0.42 +1.23%
primary theme
U.S. Large-Cap Value Equity

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$34.64

$3.78 B

1.36%

$0.46

1.59%

Vitals

YTD Return

20.2%

1 yr return

30.5%

3 Yr Avg Return

8.6%

5 Yr Avg Return

11.0%

Net Assets

$3.78 B

Holdings in Top 10

29.1%

52 WEEK LOW AND HIGH

$34.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 25.49%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$34.64

$3.78 B

1.36%

$0.46

1.59%

FRETX - Profile

Distributions

  • YTD Total Return 20.2%
  • 3 Yr Annualized Total Return 8.6%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FRANKLIN EQUITY INCOME FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jun 10, 1996
  • Shares Outstanding
    6705926
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alan Muschott

Fund Description

The Fund normally invests at least 80% of its net assets in equity securities, including securities convertible into common stocks. The Fund generally invests predominantly in common stocks, and the remainder of its assets in other equity-related instruments such as convertible securities and equity-linked notes (ELNs).

While the Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The Fund may invest in foreign securities, but does not currently anticipate investing more than 15% of its total assets in securities of issuers domiciled outside the United States.

The Fund’s strategy is to invest in a broadly diversified portfolio of equity securities that the Fund’s investment manager considers to be financially strong, with a focus on "blue chip" companies. The investment manager applies a "bottom-up" approach to investing in individual securities. The investment manager will assess the market price of a company's securities relative to the investment manager's evaluation of the company's long-term earnings, cash flow potential and balance sheet strength. The investment manager also considers various financial metrics including, but not limited to, a company's price/earnings ratio, return on capital, profit margins and asset value. The Fund’s investment manager considers dividend yield and the opportunity for dividend growth in selecting stocks for the Fund because the investment manager believes that, over time, dividend income can contribute significantly to total return and can be a more consistent source of investment return than capital appreciation.

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FRETX - Performance

Return Ranking - Trailing

Period FRETX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% -61.5% 41.6% 21.12%
1 Yr 30.5% -58.0% 63.4% 40.04%
3 Yr 8.6%* -25.0% 33.2% 67.07%
5 Yr 11.0%* -11.3% 46.2% 63.87%
10 Yr 9.7%* -1.5% 25.8% 52.44%

* Annualized

Return Ranking - Calendar

Period FRETX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -16.9% 46.1% 60.02%
2022 -11.9% -64.7% 4.6% 49.49%
2021 16.6% -44.2% 57.5% 48.08%
2020 2.0% -23.2% 285.0% 27.43%
2019 19.2% -21.4% 48.5% 49.39%

Total Return Ranking - Trailing

Period FRETX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% -61.5% 41.6% 21.12%
1 Yr 30.5% -58.0% 63.4% 40.04%
3 Yr 8.6%* -25.0% 33.2% 67.07%
5 Yr 11.0%* -11.3% 46.2% 63.87%
10 Yr 9.7%* -1.5% 25.8% 52.44%

* Annualized

Total Return Ranking - Calendar

Period FRETX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -15.9% 46.7% 73.71%
2022 -7.5% -42.0% 8.5% 67.19%
2021 24.3% 3.6% 129.7% 69.96%
2020 4.8% -22.6% 304.8% 33.14%
2019 24.5% -12.7% 52.1% 64.07%

NAV & Total Return History


FRETX - Holdings

Concentration Analysis

FRETX Category Low Category High FRETX % Rank
Net Assets 3.78 B 1.94 M 163 B 25.57%
Number of Holdings 82 2 1733 47.94%
Net Assets in Top 10 1.18 B 433 K 37.8 B 25.48%
Weighting of Top 10 29.10% 4.4% 99.1% 44.63%

Top 10 Holdings

  1. JPMorgan Chase Co. 4.71%
  2. Morgan Stanley 3.48%
  3. Chevron Corp. 3.26%
  4. Bank of America Corp. 2.90%
  5. Johnson Johnson 2.79%
  6. Oracle Corp. 2.57%
  7. Procter Gamble Co. (The) 2.53%
  8. UnitedHealth Group, Inc. 2.50%
  9. Duke Energy Corp. 2.27%
  10. Broadcom, Inc. 2.10%

Asset Allocation

Weighting Return Low Return High FRETX % Rank
Stocks
86.14% 7.19% 103.40% 97.53%
Bonds
9.76% 0.00% 78.06% 1.10%
Preferred Stocks
2.88% 0.00% 15.27% 2.57%
Cash
1.58% 0.00% 36.15% 44.82%
Other
0.00% -2.19% 36.68% 68.19%
Convertible Bonds
0.00% 0.00% 3.66% 58.84%

Stock Sector Breakdown

Weighting Return Low Return High FRETX % Rank
Financial Services
18.76% 0.00% 58.05% 58.74%
Consumer Defense
14.89% 0.00% 34.10% 8.51%
Healthcare
14.63% 0.00% 30.08% 78.63%
Industrials
14.29% 0.00% 42.76% 17.21%
Energy
9.97% 0.00% 54.00% 23.87%
Utilities
9.02% 0.00% 27.04% 9.44%
Technology
6.40% 0.00% 54.02% 90.10%
Consumer Cyclical
4.44% 0.00% 22.74% 74.93%
Basic Materials
3.24% 0.00% 21.69% 53.47%
Real Estate
3.07% 0.00% 90.54% 44.31%
Communication Services
1.29% 0.00% 26.58% 94.08%

Stock Geographic Breakdown

Weighting Return Low Return High FRETX % Rank
US
86.14% 7.19% 103.40% 94.04%
Non US
0.00% 0.00% 24.72% 70.94%

Bond Sector Breakdown

Weighting Return Low Return High FRETX % Rank
Corporate
78.20% 0.00% 100.00% 4.83%
Cash & Equivalents
1.58% 0.00% 100.00% 40.79%
Derivative
0.00% -2.19% 8.30% 59.58%
Securitized
0.00% 0.00% 40.38% 56.47%
Municipal
0.00% 0.00% 0.02% 56.47%
Government
0.00% 0.00% 100.00% 57.43%

Bond Geographic Breakdown

Weighting Return Low Return High FRETX % Rank
US
9.76% 0.00% 66.93% 1.10%
Non US
0.00% 0.00% 11.12% 56.65%

FRETX - Expenses

Operational Fees

FRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.03% 14.82% 17.02%
Management Fee 0.46% 0.00% 1.50% 28.49%
12b-1 Fee 1.00% 0.00% 1.00% 93.61%
Administrative Fee 0.15% 0.00% 0.50% 74.26%

Sales Fees

FRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 0.95% 5.00% 70.31%

Trading Fees

FRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.49% 0.00% 488.00% 36.26%

FRETX - Distributions

Dividend Yield Analysis

FRETX Category Low Category High FRETX % Rank
Dividend Yield 1.36% 0.00% 16.67% 43.58%

Dividend Distribution Analysis

FRETX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

FRETX Category Low Category High FRETX % Rank
Net Income Ratio 0.73% -1.51% 4.28% 81.52%

Capital Gain Distribution Analysis

FRETX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FRETX - Fund Manager Analysis

Managers

Alan Muschott


Start Date

Tenure

Tenure Rank

Sep 30, 2005

16.68

16.7%

Mr. Muschott is a vice president of Franklin Advisers, Inc. He has been with Franklin Templeton Investments since 1998. Mr. Muschott holds the Chartered Financial Analyst designation.

Matthew Quinlan


Start Date

Tenure

Tenure Rank

Mar 01, 2011

11.26

11.3%

Matt Quinlan is a vice president, research analyst and portfolio manager for the Franklin Equity Group. He is the lead manager of the Franklin Equity Income Fund and a co-manager of the Franklin Income Fund and the Franklin Convertible Securities Fund. Mr. Quinlan is the leader of the Consumer Research Team and he has research coverage responsibilities for the retail and consumer products sectors. He also analyzes debt and equity investments for the Core/Hybrid Team. Prior to joining Franklin Templeton in 2005, Mr. Quinlan worked in investment banking at Citigroup.

Todd Brighton


Start Date

Tenure

Tenure Rank

Nov 01, 2015

6.58

6.6%

Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies. Mr. Brighton joined Franklin Templeton in 2000. He is a Chartered Financial Analyst (CFA) charterholder and a member of the CFA Institute and the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.09 6.71