Morningstar

Franklin Income Fund Class R FISRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 2.42  /  0.00
  • Total Assets 77.6B
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Moderate Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Status Open
  • TTM Yield 5.20%
  • Turnover 62%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FISRX

Will FISRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FISRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FISRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FISRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A flexible approach helps achieve high income, but structural risks and variable returns warrant caution.

Senior Analyst Jodi Lim

Jodi Lim

Senior Analyst

Summary

Franklin Income reliably delivers high income through a flexible, opportunistic process. However, the approach leans heavily on credit risk and equity-linked notes, or ELNs, with few guardrails to constrain these exposures. While the team has adequate access to firm resources, more consistent integration across equity and fixed-income research platforms would help. On balance, these traits support Average People and Average Process Pillar ratings.

by Jodi Lim
Rated on Published on

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Portfolio Holdings FISRX

More FISRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ExxonMobil Holdings Corp

2.02 2B
Energy

Chevron Corp

1.94 2B
Energy

United States Treasury Notes 4.375%

1.83 1B
Government

United States Treasury Bonds 5%

1.81 1B
Government

Procter & Gamble Co

1.36 1B
Consumer Defensive

United States Treasury Notes 4.625%

1.25 995M
Government

The Home Depot Inc

1.23 983M
Consumer Cyclical

Southern Co

0.99 792M
Utilities

PepsiCo Inc

0.88 702M
Consumer Defensive

Johnson & Johnson

0.83 665M
Healthcare

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