# Franklin Income Fund (FRIAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/friax 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: 1996-12-31 The Franklin Income Fund allocates its capital across a varied mix of both fixed-income and equity instruments. Its exposure to equities is primarily achieved through holdings in common stocks. The fund's fixed-income component is exceptionally diverse, encompassing instruments with fixed, floating, or variable interest rates. This includes a broad range of debt types, such as secured and unsecured corporate bonds, bonds convertible into common stock, senior floating-rate and term loans, mortgage-backed securities, other asset-backed securities, debentures, and shorter-term notes. Notably,... ## Key Facts | Metric | Value | |---|---| | Price | $2.51 | | Expense Ratio | 0.46% | | Assets Under Management | $77.92B | | NAV | $2.51 | | Holdings Count | — | | Distribution Yield (TTM) | 5.82% | | Annual Distribution (TTM) | $0.15 /share | | Distribution Frequency | Monthly | | 52-Week Range | $2.42 – $2.57 | | Beta | 0.68 | ## Latest Distribution - Amount: $0.0116 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does FRIAX invest in? The Franklin Income Fund allocates its capital across a varied mix of both fixed-income and equity instruments. Its exposure to equities is primarily achieved through holdings in common stocks. The fund's fixed-income component is exceptionally diverse, encompassing instruments with fixed, floating, or variable interest rates. This includes a broad range of debt types, such as secured and unsecured corporate bonds, bonds convertible into common stock, senior floating-rate and term loans, mortgage-backed securities, other asset-backed securities, debentures, and shorter-term notes. Notably, the fund has the flexibility to invest up to 100% of its total assets in debt securities rated below investment grade. ### What is the expense ratio of FRIAX? Franklin Income Fund (FRIAX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FRIAX's dividend yield? FRIAX's trailing-twelve-month yield is 5.82%, calculated from the sum of dividends over the past year divided by the current price. ### How big is FRIAX? Franklin Income Fund (FRIAX) manages $77.92B 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 FRIAX actively managed or an index fund? FRIAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FRIAX launched? Franklin Income Fund (FRIAX) launched in December 1996 and is managed by Franklin Templeton. ### Does FRIAX pay a dividend? Yes, Franklin Income Fund (FRIAX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.82%. Full dividend history is on this page. ### How often does FRIAX pay dividends? Franklin Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FRIAX's next ex-dividend date? The most recently announced ex-dividend date for FRIAX was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FRIAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.46% 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 FRIAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FRIAX'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 FRIAX cost more than a fund like VOO? FRIAX's strategy (current expense ratio 0.46%) 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 FRIAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FRIAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FRIAX (0.46%) 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/friax - Distribution history: https://www.dividenddata.com/funds/friax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/friax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/friax/expenses - Peer comparison: https://www.dividenddata.com/funds/friax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.