Franklin Templeton Investments

<GAIN FROM OUR PERSPECTIVE>

Franklin Utilities Fund  – 
Utils A : Newspaper symbol FKUTX : NASDAQ symbol Sector : Fund Category
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Portfolio
Portfolio Facts1
Net Assets (millions) $1,726.1
Class A as of July 31, 2010
(updated monthly)
P/B ratio 1.27
as of June 30, 2010
(updated quarterly)
P/E ratio 12.29
as of June 30, 2010
(updated quarterly)
Portfolio turnover ratio 15.49
as of September 30, 2009
(updated annually)
Fees & Expenses View Performance
Expense ratio
as of February 01, 2010
(updated annually)		 0.80%
12b-1 fee2 0.15%
Max. initial sales charge 4.25%
Contingent deferred sales charge 0.00%
Volatility Measures
as of June 30, 2010
(Source: Thomson Financial)
(updated quarterly, based on a 3-year period)
Beta3,4 0.90
Alpha5 1.60
Sharpe ratio6 -0.36
R squared7 0.97
Standard deviation8 16.65
Asset Mix1
 as of July 31, 2010
(updated monthly)
 
 
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Portfolio Holdings1
Number of positions: 55
Industry Breakdown (as of July 31, 2010)
Electric Utilities 48.30%
Multi-Utilities 37.80%
Oil & Gas Storage & Transportation 2.80%
Integrated Telecommunication Services 2.30%
Independent Power Producers & Energy Traders 2.10%
Water Utilities 1.60%
Gas Utilities 0.02%
Top 10 Holdings (as of July 31, 2010)
The Southern Co. 4.70%
Sempra Energy 4.60%
Entergy Corp. 4.20%
PG&E Corp. 4.10%
Public Service Enterprise Group Inc. 3.90%
American Electric Power Company Inc. 3.80%
PPL Corp. 3.50%
Exelon Corp. 3.10%
NextEra Energy Inc. 3.10%
Progress Energy Inc. 3.00%
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Important Legal Information

In addition to other factors, securities issued by utility companies historically have been sensitive to interest rate changes. When interest rates fall, utility securities prices, and thus a utilities fund's share price, tend to rise; when interest rates rise, their prices generally fall. These and other risks specific to the public utilities industry are described more fully in the Franklin Utilities Fund's prospectus.

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.

For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Footnotes

  1. Portfolio holdings are subject to change.
  2. Represents the maximum amount of Rule 12b-1 distribution and service fees the Fund may pay.
  3. A measure of the fund's volatility relative to the market, as represented by the Dow Jones Utility Average. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-years ended as of the date of the calculation.
  4. A measure of the fund's volatility relative to the market, as represented by the DJ US Utility Index. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-years ended as of the date of the calculation.
  5. The annualized percentage difference between a fund's actual returns and its expected performance given its level of market risk, as measured by beta. Based on the 3-years ended as of the date of the calculation.
  6. A statistical measurement of a fund's historical risk-adjusted performance. It is calculated by taking a fund's excess return over that of the three-month Treasury bill divided by its standard deviation. Higher values generally indicate better historical risk-adjusted performance. Based on the 3 years ended as of the date of the calculation.
  7. Percentage of the fund's returns explained by movements in the DJ US Utility Index. 1.00 equals perfect correlation to the index. Based on the 3-years ended as of the date of the calculation.
  8. A statistical measurement of the range of a fund's total returns. In general, a higher standard deviation means greater volatility. Based on the fund's monthly returns over the 3-year period ended as of the date of the calculation.

For U.S. residents only.