Franklin Equity Income Fund Class R (FREIX)
| Fund Assets | 4.10B |
| Expense Ratio | 1.08% |
| Min. Investment | $1,000 |
| Turnover | 29.71% |
| Dividend (ttm) | 3.21 |
| Dividend Yield | 9.57% |
| Dividend Growth | 176.10% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 20, 2025 |
| Previous Close | 33.55 |
| YTD Return | 6.62% |
| 1-Year Return | 11.34% |
| 5-Year Return | 79.24% |
| 52-Week Low | 27.92 |
| 52-Week High | 36.02 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Aug 1, 2002 |
About FREIX
Franklin Equity Income Fund Class R is a mutual fund designed to deliver a combination of high current income and long-term capital appreciation, consistent with maintaining reasonable risk exposure. The fund primarily invests at least 80% of its net assets in equity securities, focusing on financially strong, large-cap "blue chip" companies, and may also allocate assets to other equity-related instruments such as convertible securities and equity-linked notes. The investment approach emphasizes value, targeting companies considered undervalued relative to their fundamentals, often identified by low price ratios and higher dividend yields. Franklin Equity Income Fund Class R fits within the "Large Value" category, catering to investors looking for exposure to major U.S. companies with solid dividend-paying histories and stable growth profiles. The fund distributes dividends quarterly and typically maintains a diversified portfolio, which aims to balance income generation with the potential for capital gains. This blend of income and appreciation makes it a notable fixture for those seeking both steady cash flow and the opportunity for long-term portfolio growth within the equity market segment.
Performance
FREIX had a total return of 11.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.79%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWDSX | Schwab | Schwab Dividend Equity Fund™ | 0.88% |
Top 10 Holdings
30.81% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. | JPM | 4.61% |
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 4.35% |
| Morgan Stanley | MS | 3.47% |
| Bank of America Corporation | BAC | 3.10% |
| Chevron Corporation | CVX | 3.06% |
| The Procter & Gamble Company | PG | 2.75% |
| Johnson & Johnson | JNJ | 2.48% |
| Duke Energy Corporation | DUK | 2.42% |
| Walmart Inc. | WMT | 2.42% |
| The Charles Schwab Corporation | SCHW | 2.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.1664 | Jun 20, 2025 |
| Mar 20, 2025 | $0.1623 | Mar 20, 2025 |
| Dec 20, 2024 | $2.7224 | Dec 20, 2024 |
| Sep 20, 2024 | $0.1583 | Sep 20, 2024 |
| Jun 20, 2024 | $0.1737 | Jun 20, 2024 |
| Mar 20, 2024 | $0.151 | Mar 20, 2024 |