CFLGX
ClearBridge Tactical Dividend Income Fund
Overall Morningstar Rating
Rating Category: Large Value
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.
Morningstar Style Box
| Large | Size | |||
|---|---|---|---|---|
| Medium | ||||
| Small | ||||
| Value | Blend | Growth | ||
| Style | ||||
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 1084 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 1027 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 842 |
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Overview
- Fund Description
- Meet Your Manager
Fund Description
-
Seeks to invest in a diverse set of income-producing equity and equity-related securities including dividend-paying stocks, MLPs and REITs
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Seeks to provide high current income while retaining the potential for income growth and capital appreciation
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Utilizes the expertise of an active, experienced, equity-income focused investment team
Meet Your Manager
ClearBridge Investments
ClearBridge Investments is a well-established global investment manager focusing on proprietary research and fundamental investing. With over 60 years of experience building portfolios for clients seeking income solutions, high active share or low-volatility, long-tenured portfolio managers provide strong leadership in a centralized investment structure.
Fund Information
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk Measures
Average Annual Total Returns
Average Annual Total Returns
2025
Chart
Month End As of 10/31/2025 | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception 10/19/1990 | |
|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | -0.68 | 11.48 | 12.53 | 8.24 | 7.04 | |
| Class A - Without Sales Charge (NAV) (%) | 5.09 | 13.61 | 13.87 | 8.88 | 7.22 | |
| Dow Jones U.S. Select Dividend Index (%) | 7.46 | 10.08 | 15.45 | 10.40 | — |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Calendar Year Returns
Calendar Year Returns
Chart
Month End As of 10/31/2025 | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | -2.99 | 13.02 | 12.76 | -15.47 | 18.52 | -5.44 | 23.38 | -11.46 | 0.54 | 5.13 | -18.92 | 10/19/1990 | |
| Class A - Without Sales Charge (NAV) (%) | 2.64 | 19.61 | 19.34 | -10.32 | 25.72 | 0.34 | 30.92 | -6.03 | 6.68 | 11.53 | -13.99 | 10/19/1990 | |
| Dow Jones U.S. Select Dividend Index (%) | 9.26 | 16.62 | 1.53 | 2.31 | 32.24 | -4.56 | 23.11 | -5.94 | 15.44 | 21.98 | -1.64 | — |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Cumulative Total Returns
Cumulative Total Returns
The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.
1990
2025
Chart
Month End As of 10/31/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 10/19/1990 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | -2.99 | -0.68 | 38.55 | 80.45 | 120.66 | 210.51 | 984.69 | |
| Class A - Without Sales Charge (NAV) (%) | 2.64 | 5.09 | 46.63 | 91.41 | 134.10 | 229.56 | 1,051.15 | |
| Dow Jones U.S. Select Dividend Index (%) | 9.26 | 7.46 | 33.40 | 105.06 | 168.97 | 420.29 | — |
Historical Cumulative Total Returns
2025
Date Selected As of 10/31/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 10/19/1990 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | -2.99 | -0.68 | 38.55 | 80.45 | 120.66 | 210.51 | 984.69 | |
| Class A - Without Sales Charge (NAV) (%) | 2.64 | 5.09 | 46.63 | 91.41 | 134.10 | 229.56 | 1,051.15 | |
| Dow Jones U.S. Select Dividend Index (%) | 9.26 | 7.46 | 33.40 | 105.06 | 168.97 | 420.29 | — |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
If the sales charge (if applicable) had been included, the return would have been lower.
Risk Measures
Risk Measures
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Alpha (%) | 4.93 | 1.81 | -0.24 |
| Beta | 0.73 | 0.72 | 0.87 |
| R-Squared | 0.69 | 0.71 | 0.77 |
| Historical Tracking Error | 8.11 | 8.93 | 7.69 |
| Information Ratio | 0.44 | -0.18 | -0.20 |
| Upside Capture Ratio | 79.64 | 75.55 | 85.64 |
| Downside Capture Ratio | 59.87 | 75.28 | 91.08 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 16.12 | 14.20 | 15.60 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 0.76 | 0.77 | 0.49 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Portfolio
Assets
Positions
| Fund | Benchmark | |
|---|---|---|
| Number of Holdings | 74 | 100 |
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Price to Earnings (12-Month Trailing) | 24.20x | 15.33x |
| Weighted Average Market Capitalization (USD) | $429.20 Billion | $58.61 Billion |
| Price to Earnings (12-Month Forward) | 20.32x | 13.14x |
| Price to Book | 5.77x | 1.83x |
| Median Market Cap (USD) | $83.31 Billion | $26.47 Billion |
Portfolio Allocations
- Sector
- Market Capitalization
Sector
Sector Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| Information Technology | 19.55% | 5.58% | |
| Financials | 14.96% | 26.02% | |
| Industrials | 12.14% | 2.15% | |
| Energy - MLPs | 8.31% | — | |
| Energy - Other | 7.69% | — | |
| Health Care | 7.17% | 5.34% | |
| Utilities | 7.02% | 26.14% | |
| Real Estate | 5.65% | — | |
| Communication Services | 5.07% | 5.42% | |
| Consumer Staples | 5.06% | 10.52% | |
| Materials | 1.96% | 5.65% | |
| Consumer Discretionary | 0.88% | 7.27% | |
| Cash & Cash Equivalents | 4.54% | — |
Market Capitalization
Market Capitalization Allocation
Chart
| Fund | ||
|---|---|---|
| <10 Billion | 13.36% | |
| 10-50 Billion | 13.50% | |
| 50-250 Billion | 48.09% | |
| 250-500 Billion | 7.49% | |
| >500 Billion | 17.55% |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Top Ten Holdings
Top Equity Securities
Chart
| Fund | ||
|---|---|---|
| Marvell Technology Inc | 4.25% | |
| NextEra Energy Inc | 2.88% | |
| Apple Inc | 2.62% | |
| Oracle Corp | 2.47% | |
| PPL Corp | 2.26% |
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distributions
- Tax Information
Distributions
Distribution Schedules
Rates and Yields
30-Day SEC Yield
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
Current Year Distributions Per Share
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Price | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/18/2025 | 12/19/2025 | 12/19/2025 | 12/19/2025 | — | $1.8170-$2.0170 Estimates | $0.0000-$0.0000 Estimates | — | — Estimates |
| 09/29/2025 | 09/30/2025 | 09/30/2025 | 09/30/2025 | $25.04 | — | — | $0.190509 | $0.190509 |
| 06/27/2025 | 06/30/2025 | 06/30/2025 | 06/30/2025 | $24.34 | — | — | $0.190113 | $0.190113 |
| 03/28/2025 | 03/31/2025 | 03/31/2025 | 03/31/2025 | $24.02 | — | — | $0.190126 | $0.190126 |
Historical Distributions Per Share
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2010
- 2009
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- Since Inception
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Price | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/19/2024 | 12/20/2024 | 12/20/2024 | 12/20/2024 | $24.74 | — | — | $0.202774 | $0.202774 |
| 09/27/2024 | 09/30/2024 | 09/30/2024 | 09/30/2024 | $24.61 | — | — | $0.100848 | $0.19129 |
| 06/27/2024 | 06/28/2024 | 06/28/2024 | 06/28/2024 | $23.15 | — | — | $0.100884 | $0.191358 |
| 03/27/2024 | 03/28/2024 | 03/28/2024 | 03/28/2024 | $22.74 | — | — | $0.102276 | $0.193998 |
| 12/18/2023 | 12/19/2023 | 12/19/2023 | 12/19/2023 | $21.37 | — | — | $0.200594 | $0.200594 |
| 09/28/2023 | 09/29/2023 | 09/29/2023 | 09/29/2023 | $19.51 | — | — | $0.139855 | $0.192145 |
| 06/29/2023 | 06/30/2023 | 06/30/2023 | 06/30/2023 | $20.03 | — | — | $0.137999 | $0.189595 |
| 03/30/2023 | 03/31/2023 | 03/31/2023 | 03/31/2023 | $19.35 | — | — | $0.140032 | $0.192388 |
| 12/19/2022 | 12/20/2022 | 12/20/2022 | 12/20/2022 | $18.49 | — | — | $0.195107 | $0.195107 |
| 09/29/2022 | 09/30/2022 | 09/30/2022 | 09/30/2022 | $17.34 | — | — | $0.097455 | $0.194272 |
| 06/29/2022 | 06/30/2022 | 06/30/2022 | 06/30/2022 | $18.53 | — | — | $0.096283 | $0.191935 |
| 03/30/2022 | 03/31/2022 | 03/31/2022 | 03/31/2022 | $21.36 | — | — | $0.097113 | $0.19359 |
| 12/17/2021 | 12/20/2021 | 12/20/2021 | 12/20/2021 | $20.85 | — | — | $0.197415 | $0.197415 |
| 09/29/2021 | 09/30/2021 | 09/30/2021 | 09/30/2021 | $20.02 | — | — | $0.102192 | $0.19451 |
| 06/29/2021 | 06/30/2021 | 06/30/2021 | 06/30/2021 | $20.37 | — | — | $0.104116 | $0.198173 |
| 03/30/2021 | 03/31/2021 | 03/31/2021 | 03/31/2021 | $18.72 | — | — | $0.101997 | $0.19414 |
| 12/17/2020 | 12/18/2020 | 12/18/2020 | 12/18/2020 | $17.85 | — | — | $0.194323 | $0.194323 |
| 09/29/2020 | 09/30/2020 | 09/30/2020 | 09/30/2020 | $16.00 | — | — | $0.023033 | $0.191847 |
| 06/29/2020 | 06/30/2020 | 06/30/2020 | 06/30/2020 | $15.46 | — | — | $0.022897 | $0.190718 |
| 03/30/2020 | 03/31/2020 | 03/31/2020 | 03/31/2020 | $12.94 | — | — | $0.027096 | $0.225691 |
| 12/18/2019 | 12/19/2019 | 12/19/2019 | 12/19/2019 | $18.63 | — | — | $0.202658 | $0.202658 |
| 09/27/2019 | 09/30/2019 | 09/30/2019 | 09/30/2019 | $17.89 | — | — | $0.060186 | $0.192976 |
| 06/27/2019 | 06/28/2019 | 06/28/2019 | 06/28/2019 | $17.41 | — | — | $0.060316 | $0.193391 |
| 03/28/2019 | 03/29/2019 | 03/29/2019 | 03/29/2019 | $16.91 | — | — | $0.061373 | $0.196782 |
| 12/19/2018 | 12/20/2018 | 12/20/2018 | 12/20/2018 | $14.88 | — | — | $0.198883 | $0.198883 |
| 09/26/2018 | 09/27/2018 | 09/27/2018 | 09/27/2018 | $17.00 | — | — | $0.106436 | $0.191954 |
| 06/27/2018 | 06/28/2018 | 06/28/2018 | 06/28/2018 | $16.03 | — | — | $0.106666 | $0.19237 |
| 03/27/2018 | 03/28/2018 | 03/28/2018 | 03/28/2018 | $15.62 | — | — | $0.110103 | $0.198567 |
| 12/20/2017 | 12/21/2017 | 12/21/2017 | 12/21/2017 | $16.73 | — | — | $0.194657 | $0.194657 |
| 09/28/2017 | 09/29/2017 | 09/29/2017 | 09/29/2017 | $16.71 | — | — | $0.071733 | $0.197564 |
| 06/29/2017 | 06/30/2017 | 06/30/2017 | 06/30/2017 | $16.88 | — | — | $0.081446 | $0.224315 |
| 03/30/2017 | 03/31/2017 | 03/31/2017 | 03/31/2017 | $17.09 | — | — | $0.074395 | $0.204894 |
| 12/21/2016 | 12/22/2016 | 12/22/2016 | 12/22/2016 | $16.51 | — | — | $0.224125 | $0.224125 |
| 09/29/2016 | 09/30/2016 | 09/30/2016 | 09/30/2016 | $16.70 | — | — | $0.049629 | $0.201344 |
| 06/29/2016 | 06/30/2016 | 06/30/2016 | 06/30/2016 | $16.53 | — | — | $0.047897 | $0.194318 |
| 03/30/2016 | 03/31/2016 | 03/31/2016 | 03/31/2016 | $15.66 | — | — | $0.057277 | $0.232373 |
| 12/21/2015 | 12/22/2015 | 12/22/2015 | 12/22/2015 | $15.30 | — | — | $0.230137 | $0.230137 |
| 09/29/2015 | 09/30/2015 | 09/30/2015 | 09/30/2015 | $15.54 | $0.108161 | — | $0.039145 | $0.230664 |
| 06/29/2015 | 06/30/2015 | 06/30/2015 | 06/30/2015 | $18.11 | — | — | $0.14339 | $0.224532 |
| 03/30/2015 | 03/31/2015 | 03/31/2015 | 03/31/2015 | $19.02 | — | — | $0.174034 | $0.272516 |
| 12/22/2014 | 12/23/2014 | 12/23/2014 | 12/23/2014 | $19.21 | — | — | $0.242841 | $0.242841 |
| 09/29/2014 | 09/30/2014 | 09/30/2014 | 09/30/2014 | $19.27 | — | — | $0.192331 | $0.192331 |
| 06/26/2014 | 06/27/2014 | 06/27/2014 | 06/27/2014 | $19.91 | — | — | $0.215948 | $0.215948 |
| 03/27/2014 | 03/28/2014 | 03/28/2014 | 03/28/2014 | $18.64 | $0.470585 | — | $0.030309 | $0.500894 |
| 12/24/2013 | 12/26/2013 | 12/26/2013 | 12/26/2013 | $18.75 | — | — | $0.192689 | $0.192689 |
| 09/27/2013 | 09/30/2013 | 09/30/2013 | 09/30/2013 | $17.71 | — | — | $0.101051 | $0.178215 |
| 06/25/2013 | 06/26/2013 | 06/26/2013 | 06/26/2013 | $17.27 | — | — | $0.128641 | $0.226873 |
| 03/27/2013 | 03/28/2013 | 03/28/2013 | 03/28/2013 | $17.48 | — | — | $0.115591 | $0.203858 |
| 12/26/2012 | 12/27/2012 | 12/27/2012 | 12/27/2012 | $15.39 | — | — | $0.202743 | $0.202743 |
| 09/27/2012 | 09/28/2012 | 09/28/2012 | 09/28/2012 | $15.84 | — | — | $0.168848 | $0.168848 |
| 06/28/2012 | 06/29/2012 | 06/29/2012 | 06/29/2012 | $14.97 | — | — | $0.200018 | $0.200018 |
| 03/29/2012 | 03/30/2012 | 03/30/2012 | 03/30/2012 | $15.13 | — | — | $0.167317 | $0.167317 |
| 12/28/2010 | 12/29/2010 | 12/29/2010 | 12/29/2010 | $15.10 | — | — | $0.012188 | $0.012188 |
| 12/28/2009 | 12/29/2009 | 12/29/2009 | 12/29/2009 | $14.01 | — | — | $0.014034 | $0.014034 |
| 12/26/2007 | 12/27/2007 | 12/27/2007 | 12/27/2007 | $16.94 | — | — | $0.022228 | $0.022228 |
| 12/26/2006 | 12/27/2006 | 12/27/2006 | 12/27/2006 | $15.62 | — | — | $0.120795 | $0.120795 |
| 12/27/2005 | 12/28/2005 | 12/28/2005 | 12/28/2005 | $13.80 | — | — | $0.079078 | $0.079078 |
| 12/13/2004 | 12/14/2004 | 12/14/2004 | 12/15/2004 | $14.15 | — | — | $0.0863 | $0.0863 |
| 12/26/2003 | 12/29/2003 | 12/29/2003 | 12/30/2003 | $14.06 | — | — | $0.0332 | $0.0332 |
| 12/30/2002 | 12/31/2002 | 12/31/2002 | 12/31/2002 | $11.45 | — | — | $0.00335 | $0.00335 |
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Tax Information
Tax Information
Federal ID Number 043098249
Distributions per Share ($)
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
| Record Date | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions | Unrecaptured Section 1250 Gain | Non-Taxable Return Of Capital | Section 199a Dividends | Foreign Tax Paid | Exempt Interest Dividends | Interest on Tax Reclaim Refunds |
|---|---|---|---|---|---|---|---|---|---|
| Mar 27 | 0.102276 | 0.096845 | — | — | 0.091722 | 0.005431 | — | — | — |
| Jun 27 | 0.100884 | 0.095527 | — | — | 0.090474 | 0.005357 | — | — | — |
| Sep 27 | 0.100848 | 0.095493 | — | — | 0.090442 | 0.005355 | — | — | — |
| Dec 19 | 0.202774 | 0.192007 | — | — | — | 0.010767 | — | — | — |
| 0.506782 | 0.479872 | — | — | 0.272638 | 0.02691 | — | — | — |
Supplemental Tax Information
Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
November 2025
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|---|---|---|---|---|---|---|
November 2025
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|---|---|---|---|---|---|---|
Chart
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Historical Pricing Results From 10/14/2025 To 11/14/2025
| Date | NAV | POP | NAV Change | NAV Change (%) |
|---|---|---|---|---|
| 11/14/2025 | $24.79 | $26.23 | $0.04 | 0.16% |
| 11/13/2025 | $24.75 | $26.19 | $-0.34 | -1.36% |
| 11/12/2025 | $25.09 | $26.55 | $0.03 | 0.12% |
| 11/11/2025 | $25.06 | $26.52 | $0.08 | 0.32% |
| 11/10/2025 | $24.98 | $26.43 | $0.21 | 0.85% |
| 11/07/2025 | $24.77 | $26.21 | $0.10 | 0.41% |
| 11/06/2025 | $24.67 | $26.11 | $-0.08 | -0.32% |
| 11/05/2025 | $24.75 | $26.19 | $0.15 | 0.61% |
| 11/04/2025 | $24.60 | $26.03 | $-0.18 | -0.73% |
| 11/03/2025 | $24.78 | $26.22 | $-0.11 | -0.44% |
| 10/31/2025 | $24.89 | $26.34 | $0.01 | 0.04% |
| 10/30/2025 | $24.88 | $26.33 | $-0.10 | -0.40% |
| 10/29/2025 | $24.98 | $26.43 | $-0.14 | -0.56% |
| 10/28/2025 | $25.12 | $26.58 | $-0.14 | -0.55% |
| 10/27/2025 | $25.26 | $26.73 | $0.24 | 0.96% |
| 10/24/2025 | $25.02 | $26.48 | $0.11 | 0.44% |
| 10/23/2025 | $24.91 | $26.36 | $-0.01 | -0.04% |
| 10/22/2025 | $24.92 | $26.37 | $-0.10 | -0.40% |
| 10/21/2025 | $25.02 | $26.48 | $-0.02 | -0.08% |
| 10/20/2025 | $25.04 | $26.50 | $0.18 | 0.72% |
| 10/17/2025 | $24.86 | $26.31 | $0.03 | 0.12% |
| 10/16/2025 | $24.83 | $26.28 | $-0.25 | -1.00% |
| 10/15/2025 | $25.08 | $26.54 | $0.11 | 0.44% |
| 10/14/2025 | $24.97 | $26.42 | $0.11 | 0.44% |
Documents
- Fund Literature
- Regulatory Documents
Fund Literature
Factsheet
Regulatory Documents
Prospectus
Summary Prospectus
Annual Report
Semi-Annual Report
Statement Of Additional Information
Fiscal Q1 Holdings
Fiscal Q3 Holdings
Annual Financial Statements And Other Information
Semi-Annual Financial Statements And Other Information
Risks
What Are the Risks?
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The investment style may become out of favor, which may have a negative impact on performance. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. Investments in energy-related master limited partnerships and midstream entities are subject to risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Composite Benchmark is a representation of the performance of the major asset classes in which the fund may typically invest, consisting of 60% Russell 3000 Value Index, 20% Alerian MLP Index and 20% MSCI US REIT Index.
The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity value universe. The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships (MLPs). The MSCI US REIT Index is comprised of U.S. large-, mid- and small-cap REITs.
Source: FTSE. Alerian. MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
The Dow Jones U.S. Select Dividend Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts, REITs) in the Dow Jones U.S. Index, a broad-based index representative of the total market for U.S. equity securities.
Source: ©S&P Dow Jones Indices LLC. All rights reserved.
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
Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Public Offering Price – the purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
During periods of rising inflation, fund yields can vary significantly from month-to-month and may not be repeated.
With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.
30-Day SEC Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund’s share price at the end of that period. It may not equal the fund’s actual income distribution rate, which reflects the fund’s past dividends paid to shareholders.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
For net asset value (NAV) purchases, a 1% contingent deferred sales charge (CDSC) may apply to shares redeemed within 18 months.