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Franklin Resources, Inc. reports developments for Franklin Templeton, a global investment manager serving individual, institutional and wealth clients across public and private markets. News commonly covers assets under management, net flows, earnings, operating results and asset-class activity across equity, fixed income, alternatives, multi-asset and cash management strategies.
Company updates also include product and platform initiatives such as model portfolios, separately managed account-style solutions and private-market access, as well as developments at subsidiaries including Western Asset Management and Fiduciary Trust International. Other recurring themes include global distribution, wealth management expansion, client group leadership and capital actions tied to the company’s NYSE-listed common stock.
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Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0327 per share, payable on July 29, 2022, to shareholders of record on July 18, 2022. This is part of a managed distribution plan that guarantees a minimum annual distribution rate of 8% based on the average monthly net asset value (NAV). The Fund aims to generate these distributions from net income and short-term capital gains. Shareholders should not conclude investment performance from these distributions, as they may include returns of capital.
Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0526 per share, payable on July 29, 2022. Shareholders of record on July 18, 2022 will receive this payment. The Fund follows a managed distribution plan with an annual minimum fixed rate of 10% based on its average monthly net asset value (NAV). While intended to provide consistent monthly distributions, the sources may include capital gains and return of capital, which do not reflect the Fund's investment performance.
Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share, scheduled for July 29, 2022. Shareholders of record by July 18, 2022 will be eligible, with an ex-dividend date of July 15, 2022. The primary goal of the Fund is to provide high income while preserving capital, with a focus on growth through dividend increases. Distributions may change based on net investment income, and past distributions do not predict future performance.
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.