Franklin Income A (FKINX) a Zacks Rank #1 (Strong Buy) may invest up to 100% of total assets in debt securities that are rated below investment grade, but it is not currently expected that the fund invests more than 50% of its assets in these securities. FKINX generally invests in securities rated at least Caa by Moody's or CCC by S&P or unrated securities the fund's manager determines are comparable. FKINX may invest up to 25% of its assets in foreign securities. FKINX was incepted in August 1948 and is managed by Franklin Advisers.
Franklin Income A, managed by Franklin Templeton, carries an expense ratio of 0.62%. Moreover, FKINX requires a minimal initial investment of $1,000.
FKINX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3 and 5 year benchmarks; 1 year 5.73%, 3 year 2.94% and 5 year 6.82%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FKINX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 46% over the past 3 years, and in the 25% over the past 5 years.
This fund, as of the last filing, allocates their fund in four major groups; High Yield Bond, Large Value, Emerging Market and Foreign Stock. Further, as of the last filing, Royal Dutch Shell (LON:RDSa), BASF and BP (LON:BP) were the top holdings for FKINX.
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Zacks Investment Research