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Franklin Resources, Inc. (NYSE: BEN), commonly known as Franklin Templeton, is a prominent global investment management organization. With more than 75 years of expertise, Franklin Templeton delivers a suite of investment services aimed at both individual and institutional investors. As of April 2024, the company oversees $1.602 trillion in managed assets, comprising 35% equity, 35% fixed-income, 10% multi-asset/balanced funds, 16% alternatives, and 4% money market funds.
Franklin Templeton is renowned for its diverse portfolio and global reach, with more than a third of its assets under management (AUM) invested in international strategies. Furthermore, approximately 30% of managed assets are sourced from clients outside the United States. The company's client base is balanced between retail investors at 52% and institutional accounts at 46%, with high-net-worth individuals accounting for the remainder.
Recently, the company's subsidiary, ClearBridge Investments, released its seventh annual Stewardship Report, highlighting its commitment to environmental, social, and governance (ESG) factors. With $188 billion in assets under management, ClearBridge actively integrates ESG considerations into its investment process, promoting sustainable practices and responsible investing. In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment and joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, advocating for fair wages in line with international human rights standards.
Franklin Templeton's dedication to ESG is further exemplified through ClearBridge's active ownership and engagement strategies. In 2023, ClearBridge voted on over 15,000 shareholder proposals and engaged with more than 1,000 companies to drive positive change. The firm's commitment to diversity and inclusion is also noteworthy, with strong representation of women and people of color among its staff and investment teams.
Franklin Templeton continues to advance the U.N. Sustainable Development Goals (SDGs) through various philanthropic efforts. ClearBridge's partnership with WaterAid since 2013 has improved clean water accessibility in Timor-Leste, directly supporting SDG 6: Clean Water and Sanitation.
With a mission to help clients achieve better outcomes through specialized investment management and wealth management solutions, Franklin Templeton operates with a global presence in over 150 countries. The company leverages its extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions to serve a diverse clientele, bolstered by a team of over 1,500 investment professionals stationed in major financial markets worldwide.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Sam Fraenkel as a wealth director in Coral Gables, Florida. With extensive investment experience, Fraenkel aims to enhance client service in a growing South Florida market. His prior roles include head of mergers and acquisitions at REDZONE and head of equity research at Beacon Trust. The firm emphasizes its commitment to personalized wealth management and currently oversees more than $86 billion in assets.
Clarion Partners Real Estate Income Fund has acquired the Rojas East Distribution Center in El Paso, Texas, adding two fully leased warehouse buildings totaling 369,310 square feet. The transaction, facilitated by JLL Capital Markets and Hunt Southwest, positions CPREIF to benefit from El Paso's strong international trade ties, with over $123 billion in cross-border commerce in 2021. The property offers Class A specifications and is strategically located near key logistics routes, enhancing its potential for future growth.
Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, has appointed Mindy Johnson as managing director and relationship manager for custody services in St. Petersburg, FL. Johnson brings nearly two decades of experience with public pension plans and institutional clients, enhancing the firm's growth in these sectors. The firm manages over $86 billion in assets, emphasizing strategic wealth planning and custody services. Johnson's expertise is expected to strengthen client relationships and service offerings, benefiting public pension plans and family offices.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,429.7 billion as of July 31, 2022, up from $1,379.8 billion as of June 30, 2022. The increase was primarily due to market performance, though it was partially countered by long-term net outflows. By asset class, fixed income accounts for $546.9 billion, equity $454.0 billion, alternatives $225.7 billion, and multi-asset $143.8 billion. The company emphasizes investment management expertise and operates globally, with $172 million in remaining AUM from closed India credit funds.
Envestnet's Institute On Campus (EIOC) program achieved a record participation of 882 students in spring 2022, with 25% being first-generation college students. The program has trained over 6,000 students since its inception in 2015, exceeding its initial goal. Franklin Templeton has become a new sponsor, enhancing the curriculum with topics like sustainable investing and providing access to training resources. The EIOC aims to foster industry diversity and prepare participants for careers in wealth management.
Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of
Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of
Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of
Templeton Dragon Fund (NYSE: TDF) announced a total distribution of $1.3014 per share, which includes $0.0033 in short-term capital gains and $1.2981 in long-term capital gains. This distribution is payable on August 31, 2022 to shareholders of record as of August 15, 2022. The Ex-Dividend Date is set for August 12, 2022. Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, reported approximately $1.4 trillion in assets under management as of June 30, 2022.
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