Franklin Income Fund
FRIAX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Mateo, CA 94403-1906 San Mateo CA United States of America 94403-1906
- IPO Date
- Dec 31, 1996
- CIK
- 0000038721
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Income Fund (FRIAX) is a mutual fund managed by Franklin Templeton that seeks to maximize income, while maintaining prospects for capital appreciation, through investment in a diversified portfolio of stocks, bonds, convertibles, equity-linked notes, and cash equivalents. The fund employs a flexible multi-asset approach with dynamic allocation across primarily US equities and fixed income securities, including investment-grade and high-yield bonds, US Treasuries, securitized products, corporate bonds, common stocks of large-cap value companies, and hybrid securities such as convertible bonds; its portfolio as of November 30, 2025, comprises approximately 49% fixed income, 28% equity, 21% convertibles/equity-linked notes, and 2% cash, with 570 holdings across 237 issuers. It targets income-oriented investors with a focus on monthly distributions, a distribution rate of 5.49% at NAV as of December 9, 2025, and uninterrupted dividends paid for over 75 years. Founded on August 31, 1948, by Franklin Templeton (headquartered in San Mateo, California), the Advisor Class shares (FRIAX) were launched on December 31, 1996, with total net assets of $76.92 billion and a net expense ratio of 0.46%; the fund operates primarily in US markets but holds minor non-US exposures. Portfolio management is led by Edward Perks (since 2002), with Todd Brighton (since 2017) and Brendan Circle (since 2019), who collectively bring over 65 years of experience in multi-asset income strategies. In a significant recent development, the fund's management announced a dividend increase effective January 2026 across all share classes, raising the monthly payout for Advisor Class to $0.0116 per share following the annual review, underscoring its commitment to consistent income amid market cycles. The strategy has maintained continuity with only three lead managers in its history, including founder Rupert H. Johnson Sr., and continues to emphasize diversification across sectors like energy, healthcare, consumer defensive, and utilities, as well as bonds with mid credit quality and moderate interest-rate sensitivity. No major acquisitions, partnerships, or strategic shifts specific to the fund have been reported in the last 1-2 years, though Franklin Templeton has undertaken broader fixed income fund reviews involving objective updates and fee reductions across its range.