Franklin Equity Income Fund
Franklin Investors Securities Trust · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Franklin Equity Income Fund is an actively managed U.S. equity fund. 4% of FISEX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
To maximize total return by emphasizing high current income and long-term capital appreciation, consistent with reasonable risk.
The fund invests in a broadly diversified portfolio of financially strong common stocks selected through bottom-up analysis of earnings potential, cash flow, balance sheet strength, and valuation metrics including price-to-earnings ratio and return on capital, with particular attention to dividend yield and growth prospects. The fund may also hold convertible securities, equity-linked notes, and up to 10% in real estate investment trusts, and may invest up to 15% of assets in foreign securities. Because security selection depends on the investment manager's assessments of individual companies' fundamentals and prospects, fund returns will diverge from any broad market index.
| Share class | Gross | Net |
|---|---|---|
| FISEX | 0.81% | 0.80% |
| FRETX | 1.56% | 1.55% |
| FREIX | 1.06% | 1.05% |
| FEIFX | 0.56% | 0.55% |
| FEIQX | 0.51% | 0.50% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 33.33% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 88.48% |
| Bonds | 9.21% |
| Cash & short-term | 1.58% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 21.6% |
| International | 11.7% |
| Industrials | 10.1% |
| Information Technology | 9.4% |
| 10 smaller | 47.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: MSFT, AstraZeneca plc, Oracle Corp., CBRE, A, NextEra Energy, Inc., PPL Corp., Citigroup Global Markets Holdings, Inc. into Microsoft Corp.
Largest exited: AstraZeneca plc, MAA, DHR, Toronto-Dominion Bank (The) into American Express Co., Barclays Bank plc into Canadian Natural Resources Ltd., Citigroup Global Markets Holdings, Inc. into HCA Healthcare, Inc., Royal Bank of Canada into Oracle Corp., EMR
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +29.32% | +58.69% | +70.15% | 9.27% | -9.67% | |
| +28.33% | +55.16% | +63.84% | 9.27% | -9.83% | |
| +28.99% | +57.49% | +68.02% | 9.26% | -9.75% | |
| +29.61% | +59.88% | +72.27% | 9.27% | -9.63% | |
| +29.69% | +60.22% | +72.92% | 9.25% | -9.61% |
These classes hold the same portfolio, so the 9.09pp spread over 5 years is the cost difference between them — roughly 1.82pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| JPM | JPMorgan Chase & Co.JPM | 4.18% | $313.23 | $202.03M | 645.0K |
| MS | Morgan StanleyMS | 3.52% | $190.59 | $170.10M | 892.5K |
| GOOGL | Alphabet, Inc.GOOGL | 3.41% | $384.80 | $164.50M | 427.5K |
| BAC | Bank of America Corp.BAC | 3.01% | $53.46 | $145.41M | 2.7M |
| JNJ | Johnson & JohnsonJNJ | 2.73% | $229.85 | $131.59M | 572.5K |
| CVX | Chevron Corp.CVX | 2.48% | $193.31 | $119.85M | 620.0K |
| AMZN | Amazon.com, Inc.AMZN | 2.47% | $265.06 | $119.28M | 450.0K |
| CSCO | Cisco Systems, Inc.CSCO | 2.26% | $91.50 | $109.11M | 1.2M |
| PG | Procter & Gamble Co. (The)PG | 2.23% | $147.09 | $107.74M | 732.5K |
| — | Boeing Co. (The) | 1.90% | $72.20 | $91.51M | 1.3M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 28.19% of net assets, top 25 50.41%, across 86 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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