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Deep Dive: $80 billion mutual fund uncovers opportunities in tech stocks, junk bonds

The manager of one of the largest and oldest income mutual funds in the U.S. has discovered a new area for attractive dividends: technology stocks.

Ed Perks, Franklin Templeton’s chief investment officer of equity, is the lead manager of the Franklin Income Fund FKINX, +0.45% The fund has nearly $80 billion in assets, and its main objective is to provide monthly income to its shareholders, using what Perks described in an interview as a “dynamic approach.”

The fund was established in 1948. Its 30-day yield is 3.90%, according to Morningstar, although the monthly distributions mean the yield can fluctuate significantly, according to Perks.

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