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Risk Considerations

1. INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results. 2. Franklin Income Fund invests principally in equity securities of companies from a variety of industries, stocks with attractive dividend yields, long and short-term debt securities and debt securities that are rated below investment grade or unrated. 3. The Fund is subject to debt securities risk, market risk, equity risk, credit risk, foreign currency risk, RMB Currency and Conversion risk, liquidity risk, valuation risk, volatility risk, preferred securities risk, convertible securities risk, securitisation risk, derivative instruments risk, structured notes risk, Europe and Eurozone risk, counterparty risk and class hedging risk. 4. The Fund’s investment in debt instruments with loss-absorption features (“LAP”) are subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events which may result in a significant or total reduction in the value of such instruments. LAP may also be exposed to liquidity, valuation and sector concentration risk. 5. Security lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner and the value of the collateral may fall below the value of the securities lent out, which may result in a substantial loss to the Fund. 6. The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of the Fund’s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share. 7. Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.

Special Anniversary Message from Ed Perks, Chief Investment Officer of Franklin Income Investors

Join us in recognizing 25 years of excellence with the Franklin Income Fund SICAV. Help us celebrate the growth of our flagship multi-asset strategy that has paid uninterrupted dividends1 through various market cycles. (A(Mdis) USD share class of the Fund aims to pay dividend on a monthly basis. Dividend amount is not guaranteed.)

 

Franklin Income Fund

Franklin Income Fund strategically invests across equities, fixed income, and hybrid securities, aims to generate income and potential capital growth. Leveraging Franklin Templeton’s extensive resources, it scouts the globe to identify the most promising opportunities.

 

What has enabled the fund to thrive for over 25 years?

 

Resilient Income Stream

The monthly distributing share class has provided dividend on a monthly basis for over 20 years1 (A(Mdis) USD share class of the Fund aims to pay dividend on a monthly basis. Dividend amount is not guaranteed.).

Diversified Portfolio

With its broad investment scope and flexible asset allocation, the fund is well-positioned to respond to market changes.

Deep Expertise

Since 1948, our multi-asset investment team has delivered solutions to help investors achieve their goals.

Why Franklin Income Fund?

 

For investors who …

need income source on a regular basis over the long term

want exposure to global opportunities

seek a blend of income-generating assets and capital appreciation

Investment team

Led by Edward D. Perks, the fund’s lead manager since 2004, the Franklin Income Investors team averages over 20 years of experience in delivering income and growth. They leverage actionable insights and a collaborative culture with over 200 colleagues from Franklin Equity Group and Franklin Templeton Fixed Income to identify robust opportunities via a disciplined and flexible approach2.

Edward D. Perks

Lead Portfolio Manager
Managed Fund since 2002

Brendan Circle

Portfolio Manager
Managed Fund since 2019

Todd Brighton

Portfolio Manager
Managed Fund since 2017

Read more to access the latest fund data and documents.

Learn More

Updates and Insights

11 NOVEMBER 2025

Diversifying for income

As the Fed resumes cutting interest rates, Ed Perks, CIO of Franklin Income Investors, provides an update on the current investment landscape. He also shares his insights and outlook on the fixed income and equity markets, with a particular emphasis on diversifying for income.

4 AUGUST 2025

Mid-year update: Staying diversified and income-focused

The first half of 2025 was marked by significant economic and market challenges. Franklin Income Investors CIO Ed Perks provides insights into the current state of the US economy and markets and discusses key themes around staying diversified and income focused through the rest of the year.

5 MAY 2025

Income diversification amid market uncertainty

Equity and fixed income markets have been experiencing significant volatility, driven by a combination of policy uncertainty and economic concerns. Franklin Income Investors CIO Ed Perks analyzes the dynamics of the recent market volatility and the investment opportunities that have emerged.

Footnotes

  1. A(Mdis) USD share class of the Fund has continued to pay dividend on a monthly basis since 01/12/2000. A(Mdis) USD share class of the Fund aims to pay dividend on a monthly basis. Dividend yield is not guaranteed. The Fund may pay dividend out of the capital of the Fund (see Risk Considerations 6).
  2. Source: Franklin Templeton, data as of June 30, 2024.

 

Important Legal Information

This document is intended to be of general interest only. This document should not be construed as individual investment advice or offer or solicitation to buy, sell or hold any shares of fund or security. The information provided for any individual security mentioned is not a sufficient basis upon which to make an investment decision. Investment involves risks. Value of investments may go up as well as down and past performance is not an indicator or a guarantee of future performance. The investment returns are calculated on NAV to NAV basis, taking into account of reinvestments and capital gain or loss. The investment returns are denominated in stated currency, which may be a foreign currency other than USD and HKD (“other foreign currency”). US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar / other foreign currency exchange rate. Please refer to the offering documents for further details, including the risk factors.

The data, comments, opinions, estimates and other information contained herein may be subject to change without notice. There is no guarantee that an investment product will meet its objective and any forecasts expressed will be realized. Performance may also be affected by currency fluctuations. Reduced liquidity may have a negative impact on the price of the assets. Currency fluctuations may affect the value of overseas investments. Where an investment product invests in emerging markets, the risks can be greater than in developed markets. Where an investment product invests in derivative instruments, this entails specific risks that may increase the risk profile of the investment product. Where an investment product invests in a specific sector or geographical area, the returns may be more volatile than a more diversified investment product. Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from use of this document or any comment, opinion or estimate herein. This document may not be reproduced, distributed or published without prior written permission from Franklin Templeton.

Any share class with “(Hedged)” in its name will attempt to hedge the currency risk between the base currency of the Fund and the currency of the share class, although there can be no guarantee that it will be successful in doing so. In some cases, investors may be subject to additional risks.

Please contact your financial advisor if you are in doubt of any information contained herein.

For UCITS funds only: In addition, a summary of investor rights is available from here. The summary is available in English and Chinese.

The fund(s)/ sub-fund(s) are notified for marketing in various regions under the UCITS Directive. The fund(s)/ sub-fund(s) can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.

For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the fund(s)/ sub-fund(s) and will not be investing directly in the underlying assets of the fund(s)/ sub-fund(s).

Copyright © 2025. Franklin Templeton. All rights reserved.

This document is issued by Franklin Templeton Investments (Asia) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.

Unless stated otherwise, all information is as of the date stated above. Source: Franklin Templeton.