Franklin S&P 500 Index Fund Class A (SBSPX)
Franklin S&P 500 Index Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $59.88, down 0.32% on the session, giving a market capitalisation of $884.4M. Its beta of 1.01 implies it has historically moved more than the broad market.
This fund aims to closely track the performance of the S&P 500 Index. To achieve this, it commits at least 80% of its total investment capital, which can include borrowed money, to stocks or other assets that offer comparable economic exposure, provided they are constituents of the index. The objective is to build a portfolio of shares that mirrors the index's composition across key metrics such as industry allocation, company size (market capitalization), and tradability.
Franklin S&P 500 Index Fund Class A is most often compared with the following Financial Services names: