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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.
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced estimated sources of distributions for February 28, 2022. The per-share distribution is set at $0.0633, with 65% attributed to net investment income and 35% as a return of capital. Cumulative allocations indicate a year-to-date distribution of $0.0648. The Fund's Board of Trustees has authorized a managed distribution plan of a fixed minimum annual rate of 10%. Estimated performance metrics show a -2.27% average annual total return over five years, and a 9.90% annualized distribution rate through January 31, 2022.
Templeton Global Income Fund (GIM) announced on February 25, 2022, the estimated sources of its distribution scheduled for February 28, 2022. The monthly distribution per share is $0.0342, comprising 42% net investment income, 0% net realized short-term capital gains, 0% net realized long-term capital gains, and 58% return of capital. Year-to-date distributions total $0.0345 per share, with 14% from net investment income and 86% from return of capital. The Fund operates under a managed distribution plan aiming for a minimum annual rate of 7.5% but may amend or terminate it without prior notice.
Franklin Universal Trust (NYSE: FT) announced its estimated sources for distributions reaching $0.0425 per share on February 28, 2022. This total includes $0.0244 (57%) from net investment income and $0.0173 (41%) as a return of capital. Year-to-date, as of January 31, 2022, the cumulative distribution stands at $0.2517 per share, with 61% from net investment income. The fund's objectives focus on providing high current income while preserving capital, with an annualized distribution rate of 5.88% against NAV. Shareholders are reminded that part of the distribution may represent a return of capital.
Franklin Resources, Inc. (NYSE:BEN) has declared a quarterly cash dividend of $0.29 per share, payable on April 14, 2022, to shareholders on record as of March 31, 2022. This dividend matches the previous quarter's amount and reflects an approximate 4% increase over the same quarter last year. As of January 31, 2022, Franklin Templeton manages over $1.5 trillion in assets, highlighting its substantial presence in investment management.
Franklin Limited Duration Income Trust (FTF) announced the results of its transferable rights offering, issuing approximately 10,250,000 common shares at a subscription price of $7.61, 90% of its net asset value as of February 17, 2022. The offering was over-subscribed, generating gross proceeds of approximately $78 million. Common shares are expected to be issued around February 24, 2022. Investors are advised to consider associated risks, including interest rate movements and bond price fluctuations, before investing.
FRANKLIN LIMITED DURATION INCOME TRUST (FTF) announced the preliminary results of its transferable rights offering, expected to issue approximately 10,250,000 common shares. The final subscription price was set at
Legg Mason Partners Fund Advisor, LLC announced distributions for closed-end funds under its managed distribution policy for March to May 2022. Key dates include March 24 for record, March 23 as ex-dividend, and March 31 for payable. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.03900 in March and a special $0.17200. Meanwhile, the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04850 and a special $0.06500 in March. Distributions may be adjusted based on the funds' net investment income and capital gains.
Fiduciary Trust International expands its Northern California operations by hiring Charles "Chase" Johnson as a wealth director in San Mateo. Johnson, previously a financial analyst at Rockefeller Capital Management, will handle investment management and trust needs for high-net-worth clients. The firm views the Northern California market as rapidly growing and aims to enhance client services by adding experienced professionals like Johnson. Fiduciary Trust International has a robust connection to the area, supported by Franklin Templeton, which has $1.5 trillion in assets under management.
Franklin Limited Duration Income Trust (FTF) announced its estimated sources of distributions for the fiscal year 2021. A distribution of $0.0750 per share is scheduled for February 14, 2022. The net investment income accounts for 51% of this distribution while 49% is categorized as a return of capital. The fund's average annual total return over the previous five years is reported at 2.67%, with an annualized distribution rate of 10.03%. Investors are reminded that the distribution does not directly reflect the fund's investment performance. For tax reporting, actual distribution amounts may vary.
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