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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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Franklin Resources, Inc. (NYSE:BEN) has completed its acquisition of O’Shaughnessy Asset Management (OSAM), enhancing its position in the separately managed accounts (SMA) market. With approximately $130 billion in SMA assets under management, the acquisition strengthens Franklin Templeton’s capabilities in Custom Indexing and factor-based investment strategies. OSAM’s flagship Canvas® platform, which has seen rapid growth, will integrate under Franklin Templeton, allowing for tailored investment solutions. The firm will retain its brand while boosting innovation and market competitiveness.
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.
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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 $0.0763 per share, comprising $0.0428 (56%) from net investment income, $0.0010 (1%) from short-term capital gains, and $0.0325 (43%) as a return of capital. Cumulative allocations for fiscal year-to-date, ending October 31, 2021, amount to $0.7808 per share. Shareholders should note that a portion of these distributions may represent a return of capital.
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.