FCEQX — Franklin Select U.S. Equity Fund
Data updated: 2020-03-31
FCEQX — Franklin Select U.S. Equity Fund. Developed ex-US Blend / Core Equity · $105.55M AUM. Holdings, fees, performance and SEC filings.
FCEQX Fund Overview
FCEQX — Franklin Select U.S. Equity Fund is a US mutual fund managed by Franklin Strategic Series, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Strategic Series
- Category: Developed ex-US Blend / Core Equity
- Assets under management: $105.55M
- Ticker: FCEQX
- SEC CIK: 0000872625
- SEC series ID: S000019837
- Share class ID: C000055670
FCEQX Investment Objective and Strategy
Franklin Select U.S. Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Strategic Series.
Investment objective
Capital appreciation.
Principal investment strategy
"Under normal market conditions, the Fund invests at least 80% of its net assets in U.S. equity securities. The Fund invests primarily to predominantly in equity securities of large capitalization companies, which are companies similar in size to those in the S&P 500® Index. The equity securities in which the Fund invests are predominantly common stock. The Fund generally seeks to maintain a portfolio consisting of securities of approximately 20-50 companies. Although the Fund seeks investments across a number of sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular sectors such as information technology, healthcare and industrials. The Fund also may invest a portion of its total assets in foreign securities. The investment manager is a research-driven, ""bottom-up"" fundamental investor seeking companies that exhibit a combination of growth potential, quality, and reasonable valuation.
The investment manager assesses growth potential by considering companies that it believes are positioned for growth in revenue, earnings or assets. In assessing valuation, the investment manager considers whether security prices fully reflect the balance of the long-term growth prospects relative to business and financial risks. The investment manager places a particular emphasis on quality and assessing downside risk, believing that important attributes of quality include experienced and talented management teams, favorable competitive positioning, and financial strength reflected in metrics including profitability, free cash generation, and returns on capital employed."
FCEQX Holdings
Top 10 holdings of Franklin Select U.S. Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp.com Usd0.001 | 4.81% |
| Amazon.com Inc.com Usd.01 | 4.55% |
| Alphabet Inc.com Usd.001 Cl A | 3.69% |
| Mastercard Inc.com Usd.0001 Cl A | 3.43% |
| Nextera Energy Inc.com Usd.01 | 3.33% |
| Servicenow Inc.com Usd.001 | 3.17% |
| Apple Inc.com Usd.00001 | 2.92% |
| Analog Devices Inc.com Usd.167 | 2.75% |
| Verisk Analytics Inc.com Usd.001 | 2.62% |
| S&P Global Inc.com Usd1 | 2.55% |
FCEQX Portfolio Allocation
Asset-class allocation of Franklin Select U.S. Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
FCEQX Costs and Fees
FCEQX costs about $127 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.27%
- Gross expense ratio: 1.54%
- Portfolio turnover: 5%
- Brokerage commissions: 0.47 bps of average net assets (SEC N-CEN)
FCEQX Cashflows
Over the 12 months to 2020-01, Franklin Select U.S. Equity Fund had net outflows of $8.55M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | −$2.03M |
| 2019-12 | −$425.27K |
| 2019-11 | −$1.96M |
| 2019-10 | −$1.94M |
| 2019-09 | −$1.00M |
| 2019-08 | −$1.19M |
FCEQX Debt Constituents
No individual debt constituents are reported in Franklin Select U.S. Equity Fund's latest SEC N-PORT filing.
FCEQX Prospectus and SEC Filings
Official Franklin Select U.S. Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.