Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE:BEN) is set to release its third quarter operating results on July 28, 2022 at 8:30 a.m. ET. A written commentary will be available on investors.franklinresources.com. Following this, a live teleconference featuring CEO Jenny Johnson and other executives will occur at 11:00 a.m. ET, with access links provided. Franklin Resources manages approximately $1.45 trillion in assets as of May 31, 2022, serving clients in over 155 countries.

Franklin Templeton has launched the Franklin Responsibly Sourced Gold ETF (FGLD), aiming to track the price of gold bullion while minimizing operational expenses at just 15 basis points.

The ETF focuses on responsibly sourced gold in compliance with the London Bullion Market Association's Responsible Gold Guidance. As of May 31, 2022, Franklin Templeton's ETF platform has over $12 billion in assets under management.

The Fund may be subject to volatility and market risks, emphasizing the need for investors to consider these factors before investing.

Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of its distribution to be paid on June 30, 2022. The distribution is set at $0.0644 per share, with 81% derived from net investment income. For the fiscal year 2022, cumulative allocations indicate a total distribution per share of $0.3537. The Fund aims to distribute a minimum of 10% annually based on average NAV. Shareholders are cautioned that a portion of the distribution may constitute a return of capital, which does not reflect the Fund's investment performance.

The Templeton Global Income Fund (GIM) has announced a monthly distribution of $0.0352 per share, scheduled for June 30, 2022. Of this amount, $0.0161 (46%) is derived from net investment income, and $0.0191 (54%) is classified as a return of capital. Year-to-date, the cumulative distribution per share stands at $0.1765, with a return of capital comprising 64%. Shareholders are cautioned that returns of capital may not reflect the fund's investment performance. The fund is under a managed distribution plan aiming for an annual minimum rate of 8% based on NAV.

Franklin Universal Trust (NYSE: FT) has notified that its estimated sources of distributions for the fiscal year 2022, up to May 31, include a monthly distribution of $0.0425 per share, with 98% attributed to net investment income. The cumulative distribution for the fiscal year-to-date is $0.4217 per share, with 69% from net investment income. It is emphasized that a portion may be a return of capital, not reflecting investment performance. The Fund aims for high current income and capital preservation. Investors should expect variability in future distributions.

The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distributions for the monthly distribution scheduled on June 30, 2022. The per-share distribution is set at $0.0590, with 57% attributed to net investment income and 43% as a return of capital. Cumulatively for the fiscal year-to-date, the total distribution is $0.3148 per share, consisting of 58% net investment income and 42% return of capital. The Fund operates under a managed distribution plan targeting a minimum annual distribution rate of 10% based on average NAV.

Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser for US Institutional Services, focusing on alternative investments. Based in New York City, he reports to Mike Foley. Ivanac brings over 17 years of experience, previously serving at Partners Group and BlackRock. The firm aims to enhance its alternative asset management capabilities, with total alternative AUM projected to reach $257 billion following its acquisition of Alcentra. This strategic move underscores Franklin Templeton's commitment to institutional investors.

Fiduciary Trust International, part of Franklin Templeton, has appointed Amy Ko as regional managing director for Northern California. Ko, a seasoned wealth advisor, aims to strengthen client relationships and enhance services in the region, which has seen significant growth for the firm. Since joining in November 2020, she has worked with various professionals, particularly in technology and life sciences sectors. Fiduciary Trust International has a history of strong roots in Northern California, managing assets worth $98 billion as of March 31, 2022.

The Templeton Global Income Fund (NYSE: GIM) announced the filing of a Stipulation and Proposed Order with the U.S. District Court for the Southern District of New York to resolve their request for a temporary restraining order. This concerns the certification of results from the Fund's Annual Meeting held on June 6, 2022. The agreement prevents certification of the meeting results and the seating of Saba Capital Management's nominees until the Court rules on the Fund's request for injunctive relief. The Fund alleges that Saba made undisclosed arrangements to pay a premium to a large institutional shareholder before the meeting.