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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 Global Income Fund (NYSE: GIM) announced its estimated sources of monthly distributions for December 31, 2021. The distribution per share is set at $0.0349, with 30% attributed to net investment income and 70% as return of capital. Year-to-date, cumulative distributions total $0.3573 per share, comprised of 60% net investment income and 40% return of capital. The Fund operates under a managed distribution plan aiming for an annual minimum rate of 7.5%, with the distribution strategy subject to market conditions and Board review.
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced its estimated sources of distributions for the fiscal year 2021, highlighting a monthly distribution of $0.0663 per share, effective December 31, 2021. This includes $0.0387 in net investment income (58%), with a return of capital totaling $0.0276 (42%). Cumulative distributions for the fiscal year-to-date are reported at $0.7148 per share, 73% from net investment income. However, shareholders should note that a portion of the distribution may represent a return of capital, which does not reflect the Fund's investment performance.
Franklin Universal Trust (NYSE: FT) declared a total distribution of $0.0817 per share, consisting of $0.0425 in net investment income and $0.0392 in short-term capital gains, payable on January 14, 2022. The record date for shareholders is December 31, 2021, with an ex-dividend date of December 30, 2021. The Fund aims to provide high current income while preserving capital, and past distribution performance does not guarantee future results. Shareholders will receive a Form 1099-DIV for tax reporting purposes based on the Fund's fiscal year performance.
Franklin Templeton plans to convert two mutual funds—the BrandywineGLOBAL Dynamic US Large Cap Value Fund and the Martin Currie International Sustainable Equity Fund—into ETFs, aiming to expand its suite of actively managed ETFs to 24. These conversions, pending shareholder approval, are expected in Q3 or Q4 2022. The funds have a track record of strong performance, with Brandywine having over $227 million and Martin Currie over $26 million in net assets as of November 30, 2021. The initiative aligns with the growing demand for active ETFs, which have seen a 63% AUM growth rate over three years.
Franklin Resources, Inc. (BEN) has declared a quarterly cash dividend of $0.29 per share, payable on January 14, 2022, to stockholders on record as of December 31, 2021. This dividend marks an approximate 4% increase compared to the previous quarter and the same quarter last year. The company has consistently raised its dividend annually since 1981. As of November 30, 2021, Franklin Resources had over $1.5 trillion in assets under management and extensive global investment experience.
Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of its upcoming distribution set for December 15, 2021. The monthly distribution is
Franklin Universal Trust (NYSE: FT) announced estimated sources of distributions for the fiscal year ending August 31, 2022. The distribution of $0.0425 per share on December 15, 2021, comprises 94% net investment income and 6% net short-term capital gains. Year-to-date cumulative distributions amount to $0.0850 per share, with 97% attributed to net investment income. The Fund emphasizes that past distribution amounts do not predict future performance, urging caution among shareholders. Financial highlights include a 7.52% average annual total return over five years and a distribution rate of 5.83% as of October 31, 2021.
On November 30, 2021, Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of
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