Franklin Equity Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Equity Income Fund held 89 positions with $4.83B in net assets. Its ten largest holdings made up 28.2% of the fund. The FISEX share class costs 0.8% a year. Over the 12 months to May 2026, FISEX returned 25.1%, with dividends reinvested. In 2026 Q3 it added 15 new positions and exited 12.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.18% | $202.03M | 645.0K | $313.23 | |
3.52% | $170.10M | 892.5K | $190.59 | |
GOOGLAlphabet, Inc. | 3.41% | $164.50M | 427.5K | $384.80 |
3.01% | $145.41M | 2.7M | $53.46 | |
2.73% | $131.59M | 572.5K | $229.85 | |
2.48% | $119.85M | 620.0K | $193.31 | |
AMZNAmazon.com, Inc. | 2.47% | $119.28M | 450.0K | $265.06 |
2.26% | $109.11M | 1.2M | $91.50 | |
2.23% | $107.74M | 732.5K | $147.09 | |
Boeing Co. (The) | 1.90% | $91.51M | 1.3M | $72.20 |
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.
All 89 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 88.48% |
| Bonds | 9.21% |
| Cash & short-term | 1.58% |
By sector
- Financials
- 20.3%
- Information Technology
- 14.2%
- International
- 9.6%
- Health Care
- 9.2%
- 10 other sectors
- 46.8%
- Financials
- 20.3%
- Information Technology
- 14.2%
- International
- 9.6%
- Health Care
- 9.2%
- Industrials
- 9.0%
- Consumer Staples
- 7.3%
- Consumer Discretionary
- 7.1%
- Utilities
- 6.4%
- Other
- 5.5%
- Real Estate
- 3.4%
- Energy
- 3.0%
- Cash
- 2.5%
- Communication Services
- 1.8%
- Materials
- 0.8%
How it has done
FISEX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.12%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.80% | +25.08% | +65.55% | +66.98% | -9.67% | |
| 1.55% | +24.14% | +61.90% | +60.82% | -9.83% | |
| 1.05% | +24.76% | +64.31% | +64.89% | -9.75% | |
| 0.55% | +25.40% | +66.82% | +69.05% | -9.63% | |
| 0.50% | +25.44% | +67.11% | +69.69% | -9.61% |
These classes hold the same portfolio, so the 8.87pp spread over 5 years is the cost difference between them — roughly 1.77pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.50% – 1.55%· FISEX 0.80%
- Portfolio turnover
- 33.33% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
12 exited· the largest 8
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.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FISEX, QQQ and the fund in my 401(k)?”
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