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Monday, September 21, 2015 5:00:57 PM
Parent Franklin Resources (NYSE:BEN) is off 30.5% this year.
Fund manager Ed Perks responded by buying another $2B of energy-sector high-yield, and the fund's $25B in junk is more than any other mutual fund.
Somewhat concerning is what effect an even quicker run from the fund by investors may have - roughly 21% of the bonds held as of March 31 would not be sellable within seven days, based on average daily trading volume through H1, according to the WSJ. Franklin disagrees with the analysis, and says by SEC guidelines just 0.14% of the portfolio constituted illiquid securities.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
Recent BEN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 06:13:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 12:46:31 PM
- Franklin Resources, Inc. Announces Third Quarter Results • Business Wire • 07/26/2024 12:30:00 PM
- Franklin Templeton Canada annonce une distribution de FNB en espèces • PR Newswire (Canada) • 07/24/2024 08:00:00 PM
- Fiduciary Trust International Expands New York Office with Addition of Two Seasoned Portfolio Managers • Business Wire • 07/24/2024 01:51:00 PM
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- Franklin Templeton Selects Aladdin by BlackRock to Unify Its Investment Management Technology • Business Wire • 07/23/2024 01:00:00 PM
- Charles M. Royce to Become Senior Advisor at Royce Investment Partners • PR Newswire (US) • 07/15/2024 08:35:00 PM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 07/11/2024 05:47:12 PM
- Franklin Resources, Inc. to Announce Third Quarter Results on July 26, 2024 • Business Wire • 07/10/2024 08:30:00 PM
- Franklin Resources, Inc. Announces Month-End Assets Under Management • Business Wire • 07/10/2024 08:01:00 PM
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- Two Wealth Management Veterans Join Fiduciary Trust International in Atlanta, Continuing to Build Local Team • Business Wire • 06/25/2024 01:15:00 PM
- Franklin Templeton Canada Announces ETF Cash Distributions • PR Newswire (Canada) • 06/21/2024 08:00:00 PM
- Franklin Templeton Canada annonce une distribution de FNB en espèces • PR Newswire (Canada) • 06/21/2024 08:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 11:43:19 AM
- Franklin Templeton Completes Reorganization of ClearBridge All Cap Growth ESG ETF (CACG) into ClearBridge Large Cap Growth ESG ETF (LRGE) • Business Wire • 06/14/2024 11:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 07:35:35 PM
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- Franklin Resources, Inc. Announces Month-End Assets Under Management • Business Wire • 06/11/2024 08:01:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/11/2024 04:53:04 PM
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