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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
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of
Eaglebrook Advisors has secured a strategic investment from Franklin Resources (NYSE: BEN), enhancing its capabilities to meet rising market demand for digital asset separately managed accounts (SMAs). The investment adds to the $22M already raised, including a $20M Series A funding round. This partnership aims to accelerate technology and product development, benefiting financial advisors and clients. Since its inception in 2019, Eaglebrook's platform has expanded to serve over 500 financial advisors across the U.S., supported by strong industry partnerships.
Franklin Resources, Inc. (NYSE: BEN) has completed the acquisition of Lexington Partners L.P. as of April 1, 2022. This strategic move enhances Franklin Templeton's alternative asset strategies, now totaling over $200 billion in assets under management. Lexington, a prominent global manager of secondary private equity and co-investment funds, brings significant expertise with $57 billion in AUM. The acquisition is expected to fuel growth and operational efficiencies, while maintaining Lexington's brand and investment approach.
Templeton Global Income Fund (GIM) has announced its distribution sources scheduled for March 31, 2022. The fund's monthly distribution per share is estimated at
Templeton Emerging Markets Income Fund (NYSE: TEI) announced its distribution sources for March 31, 2022. The fund's estimated monthly distribution is $0.0632 per share, with 60% from net investment income, and 40% as a return of capital. Cumulative distributions for 2022 are projected at $0.1281 per share, with 64% derived from net investment income. The fund's managed distribution plan aims for a minimum annual distribution rate of 10% based on NAV. Notably, the fund's average annual return over five years is -3.53%, raising questions about its investment performance.
Franklin Universal Trust (NYSE: FT) announced the estimated sources of its upcoming distributions for March 31, 2022, highlighting a monthly distribution of $0.0425 per share, sourced entirely from net investment income. For the fiscal year-to-date through February 28, 2022, the total cumulative distribution per share is $0.2942, with 61% from net investment income. The Fund emphasizes that past distributions do not guarantee future trends and warns that some distributions may be a return of capital, not indicative of investment performance.
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