The series is stated in the current share scale after splits; dividends are not included in the price
Franklin Templeton manages active funds and has spent a decade fighting outflows.
Fees are a share of assets under management, so revenue follows markets and flows. The industry's problem is shared: investors leave active funds for index funds, where fees are several times lower, and few manage to reverse that.
The answer is buying managers with different specialisations: private credit, real estate, alternative strategies, where fees are higher and money arrives for a long term. A separate blow was a scandal around one acquired unit, which caused rapid outflows. Risks: client trust, fee pressure and falling markets. Fixed income remains the firm's strongest active area, and its fortunes move with the interest rate cycle. The dividend is high and rising.
Based on the last 12 months of reports, through 30 June 2026
The sector median covers every company in the sector on the US market, loss-making ones included.