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FRANKLIN NATURAL RESOURCES FUND
mutual fund
FRNRX
Payout Change
Pending
Price as of:
$28.3
+0.21
+0.75%
primary theme
Natural Resources Industry Equity
share class
FRNRX (Mutual Fund)
FRANKLIN NATURAL RESOURCES FUND
Payout Change
Pending
Price as of:
$28.3
+0.21
+0.75%
primary theme
Natural Resources Industry Equity
share class
FRNRX (Mutual Fund)
FRANKLIN NATURAL RESOURCES FUND
Payout Change
Pending
Price as of:
$28.3
+0.21
+0.75%
primary theme
Natural Resources Industry Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.6%
1 yr return
-1.2%
3 Yr Avg Return
11.1%
5 Yr Avg Return
12.1%
Net Assets
$349 M
Holdings in Top 10
31.3%
52 WEEK LOW AND HIGH
$28.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 49.23%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FRNRX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 11.1%
- 5 Yr Annualized Total Return 12.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.71%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFRANKLIN NATURAL RESOURCES FUND
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateMar 01, 1996
-
Shares Outstanding11006698
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteve Land
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in the equity and debt securities of companies in the natural resources sector. The Fund predominantly invests in equity securities. For the Fund’s investment purposes, the natural resources sector includes companies that own, produce, refine, process, transport and market natural resources and companies that provide related services. The sector includes, for example, the following industries: integrated oil, oil and gas exploration and production, gold and other precious metals, steel and iron ore production, energy services and technology, energy transition, base metal production, forest products, farming products, paper products, chemicals, building materials, coal, alternative energy and environmental services. In addition to its investments in companies in the natural resources sector, the Fund may also invest up to 20% of its net assets in equity or debt securities of any type of issuer.
The Fund may invest a significant portion of its assets in smaller capitalization companies, which are generally companies with market capitalizations of less than $2 billion at the time of the Fund’s investment. The Fund anticipates that, under normal conditions, it will invest more of its assets in U.S. securities than in securities of any other single country. The Fund may also buy American Depositary Receipts.
The Fund also may attempt, from time to time, to hedge (protect) against market risk or to generate income for the Fund by buying and selling put and call options on equity securities and equity security indices.
The investment manager is a research driven, fundamental investor, pursuing a growth strategy. As a "bottom-up" investor focusing primarily on individual securities, the investment manager seeks companies that have identifiable drivers of future earnings growth and that present, in the investment manager's opinion, the best trade-off between that potential earnings growth, business and financial risk, and valuation. Also, in seeking sustainable growth characteristics, the investment manager looks for companies that it believes can produce sustainable earnings growth and cash flow growth or the potential to generate income.
FRNRX - Performance
Return Ranking - Trailing
| Period | FRNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -20.7% | 14.3% | 69.52% |
| 1 Yr | -1.2% | -20.4% | 12.4% | 76.19% |
| 3 Yr | 11.1%* | -19.5% | 14.3% | 11.76% |
| 5 Yr | 12.1%* | -2.0% | 29.4% | 24.49% |
| 10 Yr | 3.6%* | -5.5% | 12.5% | 73.49% |
* Annualized
Return Ranking - Calendar
| Period | FRNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.3% | -13.1% | 52.1% | 50.00% |
| 2022 | 27.4% | -34.9% | 34.0% | 6.86% |
| 2021 | 34.2% | -4.9% | 83.5% | 13.00% |
| 2020 | -23.4% | -23.4% | 126.4% | 100.00% |
| 2019 | 8.2% | -25.1% | 36.9% | 75.26% |
Total Return Ranking - Trailing
| Period | FRNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -20.7% | 14.3% | 69.52% |
| 1 Yr | -1.2% | -20.4% | 12.4% | 76.19% |
| 3 Yr | 11.1%* | -19.5% | 14.3% | 11.76% |
| 5 Yr | 12.1%* | -2.0% | 29.4% | 24.49% |
| 10 Yr | 3.6%* | -5.5% | 12.5% | 73.49% |
* Annualized
Total Return Ranking - Calendar
| Period | FRNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.3% | -12.2% | 57.6% | 48.08% |
| 2022 | 30.5% | -32.2% | 35.5% | 10.78% |
| 2021 | 65.6% | -2.5% | 83.6% | 7.00% |
| 2020 | -21.6% | -22.2% | 127.8% | 98.98% |
| 2019 | 10.0% | -25.1% | 37.6% | 78.35% |
NAV & Total Return History
FRNRX - Holdings
Concentration Analysis
| FRNRX | Category Low | Category High | FRNRX % Rank | |
|---|---|---|---|---|
| Net Assets | 349 M | 1.31 M | 6.14 B | 63.81% |
| Number of Holdings | 93 | 26 | 317 | 27.62% |
| Net Assets in Top 10 | 106 M | 547 K | 3.4 B | 62.86% |
| Weighting of Top 10 | 31.29% | 16.4% | 75.9% | 88.57% |
Top 10 Holdings
- Institutional Fiduciary Trust - Money Market Portfolio 4.52%
- Exxon Mobil Corp. 4.46%
- ConocoPhillips 4.30%
- Chevron Corp. 2.99%
- Institutional Fiduciary Trust Money Market Portfolio 2.70%
- Freeport-McMoRan, Inc. 2.64%
- EOG Resources, Inc. 2.51%
- Newmont Corp. 2.49%
- Canadian Natural Resources Ltd. 2.44%
- Schlumberger NV 2.24%
Asset Allocation
| Weighting | Return Low | Return High | FRNRX % Rank | |
|---|---|---|---|---|
| Stocks | 95.18% | 0.00% | 100.20% | 85.71% |
| Cash | 7.22% | 0.00% | 23.75% | 12.38% |
| Preferred Stocks | 0.41% | 0.00% | 6.24% | 13.33% |
| Bonds | 0.35% | 0.00% | 83.60% | 6.67% |
| Convertible Bonds | 0.30% | 0.00% | 0.43% | 4.76% |
| Other | 0.00% | -0.42% | 23.81% | 60.95% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FRNRX % Rank | |
|---|---|---|---|---|
| Energy | 64.58% | 0.00% | 89.67% | 8.57% |
| Basic Materials | 27.43% | 2.49% | 100.00% | 80.00% |
| Consumer Cyclical | 2.81% | 0.00% | 43.37% | 38.10% |
| Industrials | 2.11% | 0.00% | 63.67% | 72.38% |
| Consumer Defense | 1.67% | 0.00% | 33.96% | 48.57% |
| Technology | 0.76% | 0.00% | 17.68% | 35.24% |
| Utilities | 0.64% | 0.00% | 35.93% | 38.10% |
| Real Estate | 0.00% | 0.00% | 36.20% | 70.48% |
| Healthcare | 0.00% | 0.00% | 22.67% | 70.48% |
| Financial Services | 0.00% | 0.00% | 4.52% | 64.76% |
| Communication Services | 0.00% | 0.00% | 0.21% | 56.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FRNRX % Rank | |
|---|---|---|---|---|
| US | 80.22% | 0.00% | 100.20% | 34.29% |
| Non US | 14.97% | 0.00% | 89.12% | 64.76% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FRNRX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 7.22% | 0.00% | 100.00% | 12.38% |
| Corporate | 6.70% | 0.00% | 96.42% | 12.87% |
| Derivative | 0.00% | -0.42% | 0.80% | 57.14% |
| Securitized | 0.00% | 0.00% | 0.00% | 55.45% |
| Municipal | 0.00% | 0.00% | 0.00% | 55.45% |
| Government | 0.00% | 0.00% | 91.38% | 58.42% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FRNRX % Rank | |
|---|---|---|---|---|
| US | 0.35% | 0.00% | 83.40% | 6.67% |
| Non US | 0.00% | 0.00% | 2.47% | 58.10% |
FRNRX - Expenses
Operational Fees
| FRNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.08% | 4.45% | 44.76% |
| Management Fee | 0.52% | 0.00% | 1.25% | 25.71% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.48% |
| Administrative Fee | 0.15% | 0.03% | 0.25% | 62.50% |
Sales Fees
| FRNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.50% | 5.75% | 60.00% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FRNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FRNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 49.23% | 4.00% | 169.00% | 58.62% |
FRNRX - Distributions
Dividend Yield Analysis
| FRNRX | Category Low | Category High | FRNRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.05% | 0.00% | 12.19% | 58.10% |
Dividend Distribution Analysis
| FRNRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| FRNRX | Category Low | Category High | FRNRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.71% | -35.65% | 6.21% | 33.65% |
Capital Gain Distribution Analysis
| FRNRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.684 | OrdinaryDividend |
| Dec 20, 2023 | $0.570 | OrdinaryDividend |
| Dec 20, 2022 | $0.678 | OrdinaryDividend |
| Dec 15, 2021 | $0.213 | CapitalGainShortTerm |
| Dec 15, 2021 | $4.852 | CapitalGainLongTerm |
| Dec 15, 2020 | $0.398 | OrdinaryDividend |
| Dec 16, 2019 | $0.356 | OrdinaryDividend |
| Dec 17, 2018 | $0.489 | OrdinaryDividend |
| Dec 15, 2017 | $0.312 | OrdinaryDividend |
| Dec 15, 2016 | $0.277 | OrdinaryDividend |
| Dec 15, 2015 | $0.176 | OrdinaryDividend |
| Dec 15, 2014 | $0.286 | OrdinaryDividend |
| Dec 16, 2013 | $0.078 | OrdinaryDividend |
| Dec 15, 2011 | $0.256 | OrdinaryDividend |
| Dec 15, 2010 | $0.641 | OrdinaryDividend |
| Dec 15, 2009 | $0.429 | OrdinaryDividend |
| Dec 15, 2008 | $0.066 | CapitalGainShortTerm |
| Dec 15, 2008 | $0.837 | CapitalGainLongTerm |
| Dec 14, 2007 | $0.643 | CapitalGainShortTerm |
| Dec 14, 2007 | $2.057 | CapitalGainLongTerm |
| Dec 14, 2007 | $0.622 | OrdinaryDividend |
| Dec 15, 2006 | $0.396 | CapitalGainShortTerm |
| Dec 15, 2006 | $1.817 | CapitalGainLongTerm |
| Dec 15, 2006 | $0.247 | OrdinaryDividend |
| Dec 15, 2005 | $0.419 | CapitalGainShortTerm |
| Dec 15, 2005 | $0.655 | CapitalGainLongTerm |
| Dec 15, 2005 | $0.097 | OrdinaryDividend |
| Dec 15, 2003 | $0.016 | OrdinaryDividend |
| Dec 13, 2002 | $0.043 | OrdinaryDividend |
| Dec 14, 2001 | $0.279 | CapitalGainLongTerm |
| Dec 14, 2001 | $0.079 | OrdinaryDividend |
FRNRX - Fund Manager Analysis
Managers
Steve Land
Start Date
Tenure
Tenure Rank
Apr 01, 1999
23.18
23.2%
Stephen M. Land, CFA, Portfolio Manager of Franklin Advisers, Inc. Mr. Land has been lead portfolio manager. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1997.
Frederick Fromm
Start Date
Tenure
Tenure Rank
Jun 02, 2003
19.01
19.0%
Mr. Fromm has been a portfolio manager of the Fund since 2005, providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton in 1992.
Matthew Adams
Start Date
Tenure
Tenure Rank
Aug 01, 2008
13.84
13.8%
Matthew joined Franklin Templeton Investments in 2005. Previously, he was an equity analyst with Smith Barney, Bear Stearns and Robertson Stephens.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 24.18 | 7.58 | 0.54 |
