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The Franklin Income Fund (FKINX) is a mutual fund in Morningstar's "conservative allocation" category and "large/value" style box. The fund was created in 1948 and has paid uninterrupted dividends for 60 years. The Franklin Income Fund is constructed primarily of dividend-paying stocks and bonds (2%).
Mutual Fund Report for FCISX
In 2021, Franklin Templeton Investments acquired Legg Mason for $4.5 billion. [14] As Clarion was a subsidiary under Legg Mason, it has now become a subsidiary under Franklin Templeton Investments. [15] On September 11, 2005, Co-founder Weisz passed away. [16] On May 13, 2014, Co-founder Sullivan retired from the firm. [4]
An income fund is a type of asset allocation fund. Income funds are often assumed to be bond funds but may be stock funds instead and be more accurately called equity income funds. Typically, they hold stocks with a good history of paying dividends. In fact, a typical income fund holds both stocks and bonds to gain some of the strengths of both.
In 1949, after the departure of Mackubin, John C. Legg Jr. named the company after himself. [4] In 1962, Mason & Co., a stock brokerage, was founded by Raymond A. “Chip” Mason in Newport News, Virginia. [4] [5] In 1967, Mason & Co., with over 80 employees in 4 offices, became one of the largest Virginia-based stock brokerages.
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related to: franklin income fund fact sheet c