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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.
Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of
Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of
Franklin Universal Trust (NYSE: FT) announced a monthly distribution of
Franklin Resources, Inc. (NYSE:BEN) is set to release its third quarter operating results on
Franklin Templeton has launched the Franklin Responsibly Sourced Gold ETF (FGLD), aiming to track the price of gold bullion while minimizing operational expenses at just 15 basis points.
The ETF focuses on responsibly sourced gold in compliance with the London Bullion Market Association's Responsible Gold Guidance. As of May 31, 2022, Franklin Templeton's ETF platform has over $12 billion in assets under management.
The Fund may be subject to volatility and market risks, emphasizing the need for investors to consider these factors before investing.
Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of its distribution to be paid on June 30, 2022. The distribution is set at $0.0644 per share, with 81% derived from net investment income. For the fiscal year 2022, cumulative allocations indicate a total distribution per share of $0.3537. The Fund aims to distribute a minimum of 10% annually based on average NAV. Shareholders are cautioned that a portion of the distribution may constitute a return of capital, which does not reflect the Fund's investment performance.
The Templeton Global Income Fund (GIM) has announced a monthly distribution of
The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distributions for the monthly distribution scheduled on June 30, 2022. The per-share distribution is set at $0.0590, with 57% attributed to net investment income and 43% as a return of capital. Cumulatively for the fiscal year-to-date, the total distribution is $0.3148 per share, consisting of 58% net investment income and 42% return of capital. The Fund operates under a managed distribution plan targeting a minimum annual distribution rate of 10% based on average NAV.
Franklin Universal Trust (NYSE: FT) has notified that its estimated sources of distributions for the fiscal year 2022, up to May 31, include a monthly distribution of $0.0425 per share, with 98% attributed to net investment income. The cumulative distribution for the fiscal year-to-date is $0.4217 per share, with 69% from net investment income. It is emphasized that a portion may be a return of capital, not reflecting investment performance. The Fund aims for high current income and capital preservation. Investors should expect variability in future distributions.
Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser for US Institutional Services, focusing on alternative investments. Based in New York City, he reports to Mike Foley. Ivanac brings over 17 years of experience, previously serving at Partners Group and BlackRock. The firm aims to enhance its alternative asset management capabilities, with total alternative AUM projected to reach
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