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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.
Franklin Templeton has agreed to acquire BNY Alcentra Group Holdings from BNY Mellon for $350 million in cash and up to $350 million in contingent payments, aiming to enhance its alternative asset strategies. This deal will double Benefit Street Partners’ AUM to
The Templeton Global Income Fund (NYSE: GIM) announced its estimated sources of distributions for May 31, 2022. The distribution per share is $0.0354, comprising 44% net investment income and 56% return of capital. For the fiscal year-to-date, distributions total $0.1411 per share with 35% from net investment income and 65% as a return of capital. The Fund has a managed distribution plan aiming for a minimum annual rate of 8%, but there's no assurance the plan will succeed. Shareholders are advised that the distribution amount may not reflect the Fund's investment performance.
The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distribution for May 31, 2022. The monthly distribution is set at
The Franklin Universal Trust (NYSE: FT) announced its estimated sources of distributions for May 31, 2022, with a per-share distribution of $0.0425. Of this, 74% is attributed to net investment income, and 26% is considered a return of capital. For the fiscal year-to-date, the cumulative distribution has reached $0.3792 per share, primarily from net investment income (68%) and a return of capital (17%). The Fund aims to provide high current income and capital preservation. Shareholders should not draw investment performance conclusions solely from these distributions.
EvoNexus, in collaboration with the Royal Bank of Canada (RBC) and Franklin Templeton, is inviting early-stage fintech startups to apply for its Silicon Valley FinTech Incubator. Launched in 2019, the program has seen significant success, with 17 startups participating and raising over $530 million in 2021 alone. The incubator provides a minimum of $150,000 in seed funding, offering startups access to expertise in innovative financial technologies, including cryptocurrency and AI. Applications are accepted on a rolling basis, aiming to foster growth in the fintech sector.
Independent Insurance Group has launched iStructure, the first uncapped index-linked structured settlement annuity, securing almost $50 million in committed sales. The product aims to enhance payouts while providing flexibility and tax benefits of traditional settlements. Nearly 60 clients, including minors and personal injury cases, have adopted iStructure. The annuity is linked to the Franklin BofA World Index and offers customizable payment options and market protection. This innovative product has attracted significant interest from distribution partners.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed M. Lisa Parry Howard as trust counsel in its Wilmington office. With over 20 years of experience in financial services, Howard specializes in trust account administration and compliance. Delaware's favorable trust laws make it a key location for the firm's operations. This addition complements the firm's growing Delaware team, which aims to leverage the state's tax-efficient trust solutions. Fiduciary Trust International manages over $98 billion in assets, demonstrating its significant market position.
Legg Mason Partners Fund Advisor, LLC announced distribution declarations for closed-end funds WIA and WIW for June to November 2022. Monthly payouts include $0.04500 for WIA and $0.05500 for WIW. Key dates are provided: record dates, ex-dividend dates, and payable dates. Distributions may include return of capital if investment income is insufficient. Share prices fluctuate and can trade at a discount to net asset value, increasing risks. Franklin Resources, the parent company of Legg Mason, is highlighted.
TIFIN has successfully closed a $109 million Series D financing round, bringing its total funding to approximately $204 million over the past 18 months. The company’s valuation has risen to $842 million, reflecting significant growth in its product offerings and user base. Notable new investors include Franklin Templeton and Motive Partners. TIFIN utilizes AI to provide personalized wealth management solutions and aims to enhance digital distribution for investment managers. This funding will bolster TIFIN's expansion efforts, particularly Magnifi's consumer platform.
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