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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 Limited Duration Income Trust (FTF) announced a distribution of $0.0780 per common share, payable on August 13, 2021, to shareholders on record as of July 30, 2021. The Fund has adopted a managed distribution plan targeting a 10% annual minimum fixed rate based on the average monthly net asset value (NAV). Distributions may include long-term capital gains or return of capital if sufficient investment income is unavailable. The plan's terms can be amended or terminated by the Board, potentially impacting the market price of the Fund's shares.
The Franklin Limited Duration Income Trust (FTF) has declared a dividend of $0.0780 per common share, payable on July 15, 2021, to shareholders of record by June 30, 2021. Out of this amount, approximately $0.0391 is net investment income, while $0.0389 is a return of principal. The Fund will follow a managed distribution plan, providing monthly distributions at an annual minimum fixed rate of 10% based on the average NAV of the Fund's shares, intended to narrow the discount between market price and NAV.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary month-end assets under management (AUM) of $1,552.1 billion as of June 30, 2021, a rise from $1,543.5 billion in May 2021. The increase was driven by market improvements but impacted by long-term net outflows totaling $6.6 billion for the quarter, including two significant equity redemptions of $3.7 billion and $2.2 billion. The AUM consisted of $658.1 billion in Fixed Income, $536.9 billion in Equity, $153.0 billion in Multi-Asset, and $140.8 billion in Alternative assets.
Franklin Templeton appointed Dr. Yu (Ben) Meng as Executive Vice President and Chairman of Asia Pacific, effective July 15, 2021. In this newly created position, he will enhance the firm's growth strategy in the region, focusing on private equity, venture capital, and alternative assets. Dr. Meng's extensive experience includes serving as Chief Investment Officer at CalPERS and Deputy Chief Investment Officer at SAFE. His leadership aims to deepen Franklin Templeton's commitment to the Asia Pacific market, aligning with the company's long-term investment philosophy.
On August 3, 2021, Franklin Resources, Inc. (NYSE:BEN) will announce its third-quarter 2021 operating results at 8:30 a.m. Eastern Time, alongside a written commentary available through its investor relations website. A live teleconference hosted by executives, including CEO Jenny Johnson and CFO Matthew Nicholls, will follow at 11:00 a.m. for in-depth Q&A. Investors can also access a replay of the teleconference until August 10, 2021. The Company, known for its investment management services globally, manages over $1.5 trillion in assets as of May 31, 2021.
Franklin Templeton has partnered with vWise, Inc. to enhance retirement outcomes in Defined Contribution Plans using advanced technology and predictive analytics. Their collaboration leverages Franklin Templeton's Goals Optimization Engine (GOETM) and vWise's Experience Platform to deliver personalized investment solutions. This initiative aims to increase participant engagement and optimize retirement strategies through customized communication and data-driven insights. Additionally, Mary Beth Glotzbach from Franklin Templeton has joined vWise's board to further this collaborative effort.
Templeton Emerging Markets Income Fund (TEI) announced a monthly distribution of $0.0606 per share from net investment income, payable on July 30, 2021, to shareholders of record as of July 15, 2021. The Fund has implemented a managed distribution plan that guarantees a minimum annual distribution rate of 8.5%, based on average net asset value (NAV). While aimed at providing consistent distributions, there is no assurance the Plan will succeed in reducing the market price discount to NAV. Distributions may also include long-term capital gains or return of capital.
Templeton Global Income Fund (GIM) announced a monthly distribution of $0.0370 per share to shareholders, payable on July 30, 2021. Shareholders of record by July 15, 2021, will receive this payment, with an ex-dividend date of July 14, 2021. The Fund operates under a managed distribution plan, aiming for a 7.5% annual minimum rate based on its net asset value (NAV). Distributions may include net ordinary income, short-term capital gains, or returns of capital, and are subject to periodic review. Franklin Resources, Inc. (BEN) manages the Fund with over $1.5 trillion in assets.
Franklin Templeton's Western Asset Diversified Income Fund has successfully raised $1 billion in its IPO by selling 50 million shares at $20 each. Trading commenced on June 25, 2021, under the symbol WDI, with the offering expected to close on June 29, 2021. The Fund aims for high current income and capital appreciation, leveraging Western Asset's extensive $476.3 billion in AUM. The underwriters also have an option to purchase an additional 6,833,830 shares, potentially raising total funds to about $1.137 billion.
Franklin Limited Duration Income Trust (FTF) declared a monthly distribution of $0.0780 per common share, payable on July 15, 2021, to shareholders of record as of June 30, 2021. This follows the Fund's managed distribution plan, which provides a fixed annual minimum rate of 10% based on the average monthly net asset value (NAV). The Fund may distribute long-term capital gains or return of capital if sufficient investment income is unavailable. The plan's terms can be amended or terminated at any time, potentially affecting market prices.
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