Franklin Utilities Fund Class A1 (FKUTX) is a mutual fund that primarily invests in companies within the utilities sector. This includes companies involved in the production, transmission, and distribution of electricity, gas, and water. The fund aims to provide long-term capital appreciation and income by investing in a diversified portfolio of utility stocks. It may also invest in other sectors, such as energy and telecommunications, to provide further diversification. As a Class A1 fund, it may have lower fees and expenses compared to other classes of the same fund. Overall, FKUTX offers investors the opportunity to gain exposure to the stable and essential services provided by utility companies while potentially earning returns through capital appreciation and dividends.
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