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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 (NYSE: FTF) announced a distribution of $0.0786 per common share, payable on February 12, 2021, to shareholders of record as of January 29, 2021. The Fund operates under a managed distribution plan, committing to a minimum annual fixed rate of 10% based on the average monthly net asset value (NAV). If investment income is insufficient, distributions may include long-term capital gains or return of capital. The Board can amend or terminate the plan at any time, potentially affecting the market price of shares.
The Franklin Limited Duration Income Trust (FTF) has declared a monthly dividend of $0.0776 per common share, payable on January 15, 2021, to shareholders recorded by December 31, 2020. The dividend consists of $0.0139 per share in net investment income and $0.0637 as a return of principal. The Fund operates under a managed distribution plan, promising a minimum annual distribution rate of 10% based on average monthly net asset value. The Board can amend or terminate this plan without notice, which may affect share prices.
Franklin Templeton has expanded its ETF lineup with the launch of the Franklin Exponential Data ETF (XDAT). This ETF aims to capitalize on companies involved in data management, including sectors like cloud computing and 5G. Patrick O’Connor highlighted the shift towards data transformation accelerated by the pandemic, suggesting a lasting impact on business quality. XDAT is actively managed by experienced portfolio managers and is listed on Cboe BZX Exchange. Franklin Templeton's ETF platform manages approximately $11.8 billion globally, focusing on innovative investment solutions.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary month-end assets under management (AUM) of $1,497.9 billion for December 2020, reflecting an increase from $1,466.7 billion in November 2020. Key asset classes contributing to this growth included Fixed Income at $669.7 billion, Equity at $489.3 billion, Multi-Asset at $145.7 billion, and Alternatives at $129.0 billion. The notable AUM increase emphasizes Franklin Templeton's strong investment management capabilities and growing client base across global markets.
Franklin Templeton launched its new Investment Institute, aimed at enhancing research and market insights globally. Stephen Dover has been appointed Chief Market Strategist and will lead the Institute, while Terrence Murphy expands his role as Head of Equities. The Institute will enhance collaboration among investment managers and deliver data-driven insights to clients. With over 1,300 investment professionals and approximately $1.5 trillion in assets under management, Franklin Templeton aims to navigate market uncertainties and cultivate client-focused strategies.
Franklin Templeton has partnered with Vestwell to create a new advisor-managed account solution that enhances how advisors interact with clients. This offering utilizes Franklin Templeton’s Goals Optimization Engine (GOE™) alongside Vestwell’s digital recordkeeping platform to provide a customizable and cost-effective investment experience. It allows advisors to create dynamic investment models for participants, addressing their diverse financial needs and ensuring more personalized advice at various life stages. The solution is set to launch in the first half of 2021.
Fiduciary Trust International has appointed Miles Powell as the new regional managing director and senior relationship manager in Washington, DC. His extensive experience includes over a decade at Wells Fargo Private Bank, focusing on investment and fiduciary services. President Lawrence Sternkopf emphasized the firm's commitment to enhancing their talent pool in a growing market populated by high-net-worth individuals. Powell aims to leverage his expertise to deliver customized wealth management strategies across generations, reinforcing Fiduciary Trust's longstanding reputation in the industry.
Templeton Emerging Markets Income Fund (NYSE: TEI) has declared a monthly distribution of $0.0466 per share, to be paid on January 29, 2021. Shareholders of record as of January 15, 2021 will be eligible, with the ex-dividend date set for January 14, 2021. This distribution reflects the fund's ongoing commitment to returning value to its shareholders from net investment income.
Templeton Global Income Fund (GIM) announced a monthly distribution of $0.0161 per share from net investment income. This distribution will be payable on January 29, 2021, to shareholders recorded as of January 15, 2021, with an ex-dividend date of January 14, 2021.
Franklin Resources, Inc. (BEN), the parent company, oversees global investment management practices, managing approximately $1.5 trillion in assets.
Franklin Limited Duration Income Trust (FTF) announced a monthly distribution of $0.0776 per common share, payable on January 15, 2020, to shareholders on record as of December 31, 2020. The Fund has adopted a managed distribution plan, ensuring a 10% annual minimum fixed rate based on previous month's average net asset value. However, if sufficient investment income isn't available, distributions may include long-term capital gains or a return of capital, which could affect total assets and expense ratios. Changes to the plan could impact market pricing.
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