SCD - Lmp Capital & Income Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. April 23, 2026

   The fund said it may sell new shares.

   Original document →

2. Feb 13, 2026

   The fund said it may sell new shares.

   Original document →

3. Aug 5, 2025

   Sit Investment now owns 13.6%, as a passive investor.

   Original document →

4. June 12, 2025

   The fund offered holders the right to buy more shares, until June 11, 2025.

   Original document →

5. March 31, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Franklin Templeton Fund Adviser, LLC. Part of the Franklin Templeton fund family. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Size: about $396 million of holdings, as of May 29, 2026. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 22% on top of its own money, as of May 29, 2026. Borrowed money makes gains and losses bigger. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 2.4% a year in total, including interest on borrowed money. Fiscal year ended Nov 30, 2025. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Nov 30, 2025) the fund paid $1.42 a share. $0.72 of that was income; $0.70 came from gains. As of Nov 30, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Nov 30, 2025): $16.51. The shares traded at $14.80, about 10.4% below that. As of Nov 30, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 12.4% below to 3.8% above. As of Nov 30, 2025, from the fund's annual report. Original document →
• How the holdings did: down 0.5% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +5.5%. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Nov 30, 2025): the value of the holdings returned -3.6%. How the share price did: the shares returned -9.2% over the same year, counting payouts and the change in the market price. As of Nov 30, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2003.

What the fund holds

Mostly shares (91%), the rest preferred shares, bonds and cash and short-term holdings. About 93% issued in the U.S.

1. Apple - 3.9%
2. Microsoft - 3.4%
3. Williams Companies - 3.3%
4. Alphabet class A shares - 3.2%
5. Cash and short-term - 3%
6. Micron Technology - 2.9%
7. Qxo 4.75 Convertible Pfd Series C - Private preferred shares - 2.8%
8. Union Pacific - 2.7%
9. Dte Energy Company - 2.4%
10. Emerson Electric - 2.3%

As of May 29, 2026, from the fund's quarterly holdings report. Original document →