Franklin Equity Income Fund Class A
FISEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Abigail Johnson
- Full Time Employees
- 74,000
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Mateo, CA 94403-1906 Boston MA United States of America 02210
- IPO Date
- Mar 15, 1988
- CIK
- 0000809707
- Website
- fidelity.com
- Similar Companies
- Business
- Franklin Equity Income Fund Class A (FISEX) is an open-end mutual fund managed by Franklin Templeton that seeks to maximize total return through 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, focusing on financially strong blue-chip companies; the remainder is allocated to equity-related instruments including convertible securities and equity-linked notes. It provides broad diversification across sectors such as financials (21.25%), industrials (15.29%), health care (12.28%), and information technology (9.00%), with top holdings including JPMorgan Chase & Co., Morgan Stanley, Chevron Corp., and Johnson & Johnson; the portfolio features a dividend yield of 1.97%, price-to-earnings ratio of 24.22x, and weighted average market capitalization of $413.46 billion. Launched on March 15, 1988, as part of Franklin Investors Securities Trust, the fund is domiciled in the United States and available primarily to U.S. investors through broker-dealers, with a minimum initial investment of $1,000 for Class A shares. Franklin Templeton, the fund's investment manager headquartered in San Mateo, California, oversees operations with a team led by Matthew Quinlan (lead manager since 2015) and Alan Muschott (comanager since 2005), supported by over 57 years of combined industry experience from the Franklin Equity Group. Recent developments include portfolio adjustments in response to market dynamics, such as strong contributions from financials, industrials, health care, and IT sectors amid U.S. equity gains in Q3 2025, driven by easing trade tensions, Federal Reserve rate cuts, and AI optimism; materials exposure detracted due to chemicals weakness. In February 2024, equity-linked notes expert Todd Brighton stepped off the strategy for other firm duties, while in August 2024, Dan Nuckles joined as a dedicated analyst to broaden sector vetting beyond financials, enhancing the team's resources amid total net assets reaching $4.62 billion. Franklin Templeton continues strategic expansions firm-wide, including a 2024 acquisition of Lexington Partners to bolster alternatives capabilities, though FISEX remains focused on its large-value equity income mandate with a Morningstar 3-star rating in the large value category.