# Franklin Equity Income Fund Class A (FISEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fisex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Thematic · Inception: 1988-03-15 The fund normally invests at least 80% of its net assets in equity securities, including securities convertible into common stocks. It generally invests primarily in common stocks, and the remainder of its assets in other equity-related instruments such as convertible securities, equity-linked notes (ELNs) and REITs. The fund may invest in foreign securities, but does not currently anticipate investing more than 15% of its total assets in securities of issuers domiciled outside the United States. ## Key Facts | Metric | Value | |---|---| | Price | $37.07 | | Expense Ratio | 0.80% | | Assets Under Management | $4.76B | | NAV | $37.07 | | Holdings Count | — | | Distribution Yield (TTM) | 8.82% | | Annual Distribution (TTM) | $3.27 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $32.85 – $38.48 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.1552 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-21 ## Frequently Asked Questions ### What does FISEX invest in? The fund normally invests at least 80% of its net assets in equity securities, including securities convertible into common stocks. It generally invests primarily in common stocks, and the remainder of its assets in other equity-related instruments such as convertible securities, equity-linked notes (ELNs) and REITs. The fund may invest in foreign securities, but does not currently anticipate investing more than 15% of its total assets in securities of issuers domiciled outside the United States. ### What is the expense ratio of FISEX? Franklin Equity Income Fund Class A (FISEX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FISEX's dividend yield? FISEX's trailing-twelve-month yield is 8.82%, calculated from the sum of dividends over the past year divided by the current price. ### How big is FISEX? Franklin Equity Income Fund Class A (FISEX) manages $4.76B 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 FISEX actively managed or an index fund? FISEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FISEX launched? Franklin Equity Income Fund Class A (FISEX) launched in March 1988 and is managed by Franklin Templeton. ### Does FISEX pay a dividend? Yes, Franklin Equity Income Fund Class A (FISEX) distributes dividends to shareholders. The trailing-twelve-month yield is 8.82%. Full dividend history is on this page. ### How often does FISEX pay dividends? Franklin Equity Income Fund Class A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FISEX's next ex-dividend date? The most recently announced ex-dividend date for FISEX was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FISEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FISEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FISEX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FISEX cost more than a fund like VOO? FISEX's strategy (current expense ratio 0.80%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FISEX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FISEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FISEX (0.80%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fisex - Distribution history: https://www.dividenddata.com/funds/fisex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fisex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fisex/expenses - Peer comparison: https://www.dividenddata.com/funds/fisex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.