Fund Description

The fund seeks to maximize income, while maintaining prospects for capital appreciation, by investing in a diversified portfolio of stocks and bonds.

Strategy Statement

"We follow a flexible, value-oriented investment philosophy seeking income and long-term capital appreciation potential by investing in dividend-paying stocks, convertible securities and bonds."

Edward D. Perks, CFA®

Management

Edward D. Perks, CFA

Edward D. Perks, CFA®

  • Joined Franklin Templeton in 1992
  • Managed Fund Since 2002
Matt Quinlan

Matt Quinlan

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2012
Todd Brighton, CFA

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2017
Richard Hsu, CFA

Richard Hsu, CFA®

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 2017

Rating

Overall Morningstar Rating As of 03/31/2018

Rating Category: Allocation--30% to 50% Equity

Morningstar
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 03/31/2018

Years Ratings Funds
in category
3
3 Stars
423
5
3 Stars
354
10
3 Stars
261

Morningstar Style Box As of12/31/2017

Strategy, Benefits, Results

Strategy

We seek to maximize income, while maintaining prospects for capital appreciation over the long term.

  • Using a value-oriented approach, we screen a broad universe of securities across asset classes, looking for those that we believe are undervalued or out-of-favor.
  • The fund has no set proportions on its allocations, which allows us to be flexible and actively select securities that present the best opportunities as market conditions change.
  • We tap the sector expertise of Franklin's equity and credit analysts when selecting investments for the fund, which helps maintain the fund's highly diversified approach.

Benefits

  • A Record of Consistent Dividends. Our fund's Class A shares have paid uninterrupted dividends for over 65 calendar years.i.
  • Broad Diversification. Our fund has a diversified portfolio across several different asset classes, including dividend-paying stocks, bonds and convertible securities.
  • Experienced Management Team. Managers Ed Perks, Matt Quinlan, Todd Brighton and Richard Hsu have managed the fund since 2002, 2012, 2017 and 2017, respectively.

Selling The Fund

  1. Recognize the fund’s seasoned management team.

  2. Highlight the fund’s record of uninterrupted dividend payments.

  3. Emphasize the fund’s broad diversification across several asset classes.

  4. Point out the fund’s flexible, value-oriented approach to investing.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.