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Canada
Whether you’re looking for regular income to pay for monthly expenses or saving for retirement, Franklin U.S. Monthly Income Fund may be the right investment solution to help you achieve your goals.
To deliver consistent monthly income, the investment team behind the fund is uncompromising. The market trends come and go, but the team’s focus on income is steadfast.
Manager Perspectives
Fund Overview: Franklin U.S. Monthly Income Fund
Kent Shepherd, CFA, CIC
Senior Vice President, Institutional Portfolio Manager
Franklin Equity Group
Key Resources
INVESTMENT EXCELLENCE, RECOGNIZED
MORNINGSTAR RATED FUND™
Series F
Focus on income and growth with a core value approach
The portfolio management team evaluates a broad universe of securities across various asset classes to seek undervalued securities they believe can maximize income while maintaining prospects for capital appreciation.
Flexible allocation in pursuit of the best U.S. opportunities
With no set proportions on its asset allocation, the fund has the flexibility to shift between equity and fixed income investments across different market cycles to find the most attractive investment opportunities.
Impressive performance track record
The fund has delivered strong returns compared to its peers. Over the three-year and five-year periods, its performance ranked in the top quartile of funds in its category.
A Record of Continuous Monthly Income and Impressive Growth
The following chart illustrates the results of two $100,000 investments in Franklin U.S. Monthly Income Fund – Series F at inception (June 28, 2013). The first scenario shows how the $100,000 investment would have grown if an investor had received the fund’s monthly distributions in cash. The second scenario depicts how the initial investment would have grown if the monthly distributions were re-invested in the fund1.
A hypothetical
Initial
Investment
at fund inception
93
of uninterrupted
distributions since fund
launched in 2013
$37,011
total income
received or reinvested
on a hypothetical
$100,000 investment
at fund inception
$149,523
Total investment value
with distributions cashed
Based an investor who purchased $100,000 of Series F of this fund on its inception date of June 28, 2013 and reinvested all the distributions, the market value of this investment would have been $197,017 as of March 31, 2021. If the same investor cashed out the monthly distributions totaling $37,011 rather than reinvesting, then the value of this investment would have still grown to $149,523 on a $100,000 initial investment.
A hypothetical
Initial
Investment
at fund inception
93
of uninterrupted
distributions since fund
launched in 2013
$37,011
total income
received or reinvested
on a hypothetical
$100,000 investment
at fund inception
$197,017
Total investment value
with distributions reinvested
Based an investor who purchased $100,000 of Series F of this fund on its inception date of June 28, 2013 and reinvested all the distributions, the market value of this investment would have been $198,017 as of March 31, 2021. If the same investor cashed out the monthly distributions totaling $37,011 rather than reinvesting, then the value of this investment would have still grown to $149,523 on a $100,000 initial investment.
Impressive Performance over Multiple Time Periods2
As of March 31, 2021
| Annualized Performance | 3 MTHS | 6 MTHS | 1-Year | 3-Years | 5-Years | Since Inception |
|---|---|---|---|---|---|---|
| Franklin U.S Monthly Income Fund, Series F | 4.72% | 9.57% | 16.80% | 7.05% | 7.84% | 9.14% |
| Category Average | 1.16% | 6.62% | 21.30% | 5.98% | 6.24% | 6.62% |
| Calendar Year Performance | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Franklin U.S Monthly Income Fund, Series F | 2.86% | 9.65% | 3.65% | 1.74% | 12.83% | 12.47% | 15.83% |
| Category Average | 7.38% | 12.47% | -3.04% | 7.13% | 4.73% | 5.37% | 8.71% |
Indicates periods of outperformance versus the category average
Key Materials
Related Links
Footnotes:
- Assumes lump-sum investment of $100,000 into Franklin U.S. Monthly Income Fund–Series A on June 28, 2013, with all distributions either cashed or reinvested, as indicated. Distribution and market value figures net of MERs. Distributions are not guaranteed, and the proportion of income and return of capital will fluctuate depending on fund returns. Unlike fixed-income securities, there is no obligation to distribute any fixed amount, and reductions in, or suspensions of, distributions may occur that would reduce yield. Distributions are not an indication of performance, rate of return, or yield. Mutual fund distributions are not guaranteed and are set and may change at the discretion of Franklin Templeton Canada.
- Source: Franklin Templeton, as of March 31, 2021. All returns shown are net of fees and include reinvestment of distributions. Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A.
- Source: Morningstar Research Inc., as of March 31, 2021. All returns shown are net of fees and include reinvestment of distributions. Category average is represented by Morningstar Global Neutral Balanced Category Average. All performance data refers to Series A and F units. For each of the 1, 3, and 5 year performance periods, there were in total 1,601, 1,393 and 1,068 funds, respectively, in the Morningstar Global Neutral Balanced category. Please refer to www.morningstar.ca for the one-year information.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. Mutual funds are guaranteed, their values change frequently and past performance may not be repeated.
