Fund Description

The fund seeks long-term capital appreciation by investing substantially in the equity securities of companies that are leaders in their industries, and which the managers believe are suitable for a buy-and-hold strategy.

Strategy Statement

"Our investments emphasize well-established companies and household names, which we hold for the long term. This has historically resulted in very low annual turnover for the fund. "

Serena Perin Vinton, CFA®


Serena Perin Vinton, CFA

Serena Perin Vinton, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2008
John Anderson

John Anderson

  • Joined Franklin Templeton in 2013
  • Managed Fund Since 2016
Robert Rendler, CFA

Robert Rendler, CFA®

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2016


Overall Morningstar Rating As of 06/30/2019

Rating Category: Large Growth

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2019

Years Ratings Funds
in category
3 Stars
3 Stars
4 Stars

Morningstar Style Box As of05/31/2019

Strategy, Benefits, Results


We use fundamental, bottom-up research to find large, established companies that meet our criteria of:

  • Growth. Our team focuses on companies with the potential to produce sustainable earnings and cash-flow growth.
  • Quality. We seek high-quality companies with strong management teams and financial strength.
  • Valuation. We assess whether the growth opportunity is already reflected in the stock price.


  • Tenured and experienced portfolio management team.
  • Distinct research structure. Investment professionals organized into collaborative sector teams.
  • Historically low portfolio turnover ratio, based on long-term investment focus ranging three to ten years.

Selling The Fund

  1. Point out the fund’s long performance track record dating back to 1948.

  2. Explain the benefit of the fund’s buy and hold strategy, which has historically resulted in a low portfolio

    turnover ratio, and potentially lower taxable distributions.

  3. Emphasize the tenure and experience of the fund’s management team.

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