- What does FBLAX invest in?
- This fund strategically allocates its capital across a diverse array of investments, encompassing both equity and fixed-income securities, with a notable emphasis on dividend-paying stocks within its equity holdings. Typically, a minimum of 25% of its overall assets are dedicated to debt instruments, including bonds, notes, debentures, and various money market securities. Furthermore, the portfolio generally commits no less than a quarter of its total holdings to equity investments, primarily in the form of common and preferred shares.
- What is the expense ratio of FBLAX?
- Franklin Managed Income A (FBLAX) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FBLAX's distribution yield?
- FBLAX's trailing-twelve-month yield is 4.39%, calculated from the sum of distributions over the past year divided by the current price.
- How does FBLAX's covered-call strategy work?
- FBLAX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is FBLAX?
- Franklin Managed Income A (FBLAX) manages $3.47B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is FBLAX actively managed or an index fund?
- FBLAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
