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Franklin Templeton Balanced Income Portfolios

As of 12/31/2025

Year to Date Returns (Net)

3.35%

 
 

Year to Date Returns (Pure Gross)

6.44%

 

See additional performance disclosures in the performance section.

Overview

  • Investment Overview
  • Investment Process

Investment Overview

Franklin Templeton Balanced Income Portfolios pursue an objective of long-term growth and high current income through a combination of asset allocation and fundamental security analysis. ClearBridge Investments determines the portfolios’ allocations among equities, fixed income securities and cash equivalents and also selects equity investments for the portfolios. Fixed income investments are managed on the basis of investment instructions furnished by Western Asset.

Investment Objective

Seeks to:

  • Provide a high level of current income by investing in high-quality, undervalued companies and select fixed income instruments
  • Achieve long-term capital growth.
  • Outperform a 70/30 blend of the Russell 1000 Value Index and the Bloomberg U.S. Intermediate Treasury Bond Index.
Investment Philosophy

We believe that:

  • A combination of steady income and conservative capital growth may be achieved in a single portfolio.
  • Blending top-down macroeconomic research with bottom-up fundamental analysis may enhance the portfolio’s overall return.
Asset Allocation
  • Diversify across equity, fixed income and cash allocations.

There is no guarantee that the Portfolio's objectives will be met.

 

Meet Your Managers

ClearBridge Investments 

With a legacy dating back over 60 years, ClearBridge Investments is a leading global equity manager committed to delivering differentiated long-term results through authentic active management.

Western Asset

One of the world’s leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach. 

Investment Process

Investment Process

Step 1 - Define the Investment Universe

Consider common stocks, convertible and non-convertible preferred stocks, convertible bonds, ADRs, real estate investment trusts (REITs), U.S. Treasuries, U.S. Government agency securities and, to a limited extent, ETFs.

Step 2 - Evaluate Stocks Using Proprietary Discipline

Perform top-down macroeconomic research to drive sector weightings and emphasize industry themes and trends.

Step 3 - Base Selection on Fundamental Security Analysis and Stress a Current Income and Long-term Value Orientation

Equity and equity-related investments may include common stocks, preferred stocks, convertible bonds, ETFs, ADRs and REITs. Focus on companies with healthy balance sheets selling at or near book value and at prices that do not accurately reflect cash flows, tangible assets, or management skills. 

Fixed income investments may include U.S. Treasuries and U.S. Government agency securities. Fixed-income investments have an average maturity of 10 years or less.

Step 4 - Fundamental Analysis

Re-examine when technicals/ fundamentals deteriorate, full growth potential is reached, material insider buying/selling is apparent or to capitalize on temporary bond mispricing. Adeptly assesses market conditions and at times hold significant amounts of cash reserves as a portion of the portfolio while waiting for buying opportunities.

The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. There is no guarantee investment objectives will be achieved.

Investments may include ETFs representing U.S. securities markets, industry and market capitalization sectors, non-U.S. country and regional markets, and other types of non-U.S. securities markets and market sectors. In addition, a client will bear a proportionate share of the separate fees and expensed incurred by any ETF in which the clients’ account is invested.

 

ClearBridge Portfolio Managers

Peter Vanderlee, CFA®

Florida, United States

Managed Fund Since 1993

Patrick J McElroy, CFA®

New York, United States

Managed Fund Since 2007

Performance

  • Average Annual Total Returns
  • Calendar Year Returns
  • Cumulative Total Returns
  • Risk/Return Profile
  • Risk Measures

Average Annual Total Returns

Average Annual Total Returns

As of 12/31/2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 3.35 to 13.09.
End of interactive chart.

Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Net (%)
1 Year  
3.35
3 Years  
8.07
5 Years  
5.68
7 Years  
7.58
10 Years  
5.77
15 Years  
5.10
20 Years  
4.58
25 Years  
4.58
Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Pure Gross (%)
1 Year  
6.44
3 Years  
11.29
5 Years  
8.84
7 Years  
10.79
10 Years  
8.93
15 Years  
8.24
20 Years  
7.71
25 Years  
7.71
Quarter End   As of 12/31/2025
70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index (%)
1 Year  
13.09
3 Years  
11.11
5 Years  
8.21
7 Years  
9.30
10 Years  
8.11
15 Years  
8.28
20 Years  
6.93
25 Years  
6.60

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   


Calendar Year Returns

Calendar Year Returns

As of 12/31/2025


Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -10.95 to 23.6.
End of interactive chart.

Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Net (%)
YTD  
3.35
2025  
3.35
2024  
12.42
2023  
8.63
2022  
-10.95
2021  
17.29
2020  
5.37
2019  
20.05
2018  
-9.31
2017  
9.31
2016  
6.03
Performance Inception Date  
12/31/1993
Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Pure Gross (%)
YTD  
6.44
2025  
6.44
2024  
15.76
2023  
11.86
2022  
-8.25
2021  
20.77
2020  
8.52
2019  
23.60
2018  
-6.56
2017  
12.57
2016  
9.20
Performance Inception Date  
12/31/1993
Quarter End   As of 12/31/2025
70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index (%)
YTD  
13.09
2025  
13.09
2024  
10.81
2023  
9.45
2022  
-7.29
2021  
16.65
2020  
4.69
2019  
20.02
2018  
-5.23
2017  
9.81
2016  
12.40
Performance Inception Date  
—

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   


Cumulative Total Returns

Cumulative Total Returns

As of 12/31/2025


The hypothetical growth scenario of $100k 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.

Chart

Line chart with 3 lines.
The chart has 1 X axis displaying Time. Data ranges from 2012-01-01 00:00:00 to 2025-12-01 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 97207.82 to 315139.68.
End of interactive chart.

Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Net (%)
YTD  
3.35
1 Year  
3.35
3 Years  
26.21
5 Years  
31.82
10 Years  
75.28
15 Years  
110.97
Since Inception   12/31/1993
—
Quarter End   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Pure Gross (%)
YTD  
6.44
1 Year  
6.44
3 Years  
37.84
5 Years  
52.73
10 Years  
135.27
15 Years  
228.14
Since Inception   12/31/1993
—
Quarter End   As of 12/31/2025
70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index (%)
YTD  
13.09
1 Year  
13.09
3 Years  
37.16
5 Years  
48.34
10 Years  
118.02
15 Years  
229.87
Since Inception   12/31/1993
—

Historical Cumulative Total Returns

Date Selected   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Net (%)
YTD  
3.35
1 Year  
3.35
3 Years  
26.21
5 Years  
31.82
10 Years  
75.28
15 Years  
110.97
Since Inception   12/31/1993
435.99
Date Selected   As of 12/31/2025
Franklin Templeton Balanced Income Portfolios - Pure Gross (%)
YTD  
6.44
1 Year  
6.44
3 Years  
37.84
5 Years  
52.73
10 Years  
135.27
15 Years  
228.14
Since Inception   12/31/1993
1,273.21
Date Selected   As of 12/31/2025
70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index (%)
YTD  
13.09
1 Year  
13.09
3 Years  
37.16
5 Years  
48.34
10 Years  
118.02
15 Years  
229.87
Since Inception   12/31/1993
1,115.33

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   


Risk/Return Profile

Risk/Return Profile (%)

Based on a 10 year period ending Dec-31-2025

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation) (%). Data ranges from 10.49 to 10.88.
The chart has 1 Y axis displaying Annualized Return (%). Data ranges from 5.77 to 8.93.
End of interactive chart.
Net
Pure Gross
70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   


Risk Measures

Risk Measures

 As of 12/31/2025
Measured against: 70% Russell 1000 Value / 30% Bloomberg Int Treasury Bond Index
Statistics 1 Year 3 Years 5 Years 10 Years
Alpha (Net of Fees) -7.79 -1.92-2.00 -1.78
Beta (Net) 0.88 0.850.93 0.93
R-Squared (Net) 0.74 0.880.90 0.93
Historical Tracking Error (Net) 3.12 3.293.41 2.91
Historical Tracking Error (Pure Gross) 3.12 3.293.41 2.91
Information Ratio (Pure Gross) -2.13 0.060.19 0.28
Information Ratio (Net) -3.13 -0.92-0.74 -0.80
Standard Deviation (%) 1 Year 3 Years 5 Years 10 Years
Standard Deviation (Net) 5.94 8.5110.57 10.49
Sharpe Ratio (%) 1 Year 3 Years 5 Years 10 Years
Sharpe Ratio (Net) -0.14 0.380.27 0.38
Sharpe Ratio (Pure Gross) 0.36 0.730.55 0.66

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   


Portfolio

Positions

As of 02/28/2026 Updated Monthly
Number of Issuers 
68

Portfolio Statistics

As of 02/28/2026 Updated Monthly
Cash Flow 
3.53%
Weighted Average Market Capitalization (USD) 
$440.92 Billion
Dividend Yield1 
2.07%
Yield to Worst2 
3.53%
Estimated 3-5 Year EPS Growth 
9.19%
Weighted Average Life 
4.05 Years
Price to Earnings (12-Month Forward) 
21.62x
Price to Book 
5.41x
Median Market Cap (USD) 
$145.82 Billion

Portfolio characteristics, holdings, sector, maturity, market capitalization and credit quality allocations are subject to change at any time and are based on a model portfolio. Individual client portfolios in the program may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

Portfolio Allocations

  • Sector
  • Market Capitalization
  • Maturity
  • Credit Quality

Sector

Sector Allocation

As of 12/31/2025 % of Total Updated Quarterly

Chart

Bar chart with 13 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1.55981 to 25.66454.
End of interactive chart.
Fund
Unassigned 25.66%
Financials 13.48%
Information Technology 13.45%
Industrials 8.12%
Health Care 7.76%
Energy 7.34%
Real Estate 6.90%
Consumer Staples 4.21%
Utilities 3.85%
Communication Services 3.81%
Materials 2.07%
Consumer Discretionary 1.56%
Cash & Cash Equivalents 1.79%

Portfolio characteristics, holdings, sector, maturity, market capitalization and credit quality allocations are subject to change at any time and are based on a model portfolio. Individual client portfolios in the program may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

Market Capitalization

Market Capitalization Allocation 3

 As of 02/28/2026 % of Equity Updated Monthly

Chart

Bar chart with 5 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1.37563 to 53.64659.
End of interactive chart.
Fund
<10 Billion 1.38%
10-50 Billion 13.15%
50-250 Billion 53.65%
250-500 Billion 13.43%
>500 Billion 18.40%

Portfolio characteristics, holdings, sector, maturity, market capitalization and credit quality allocations are subject to change at any time and are based on a model portfolio. Individual client portfolios in the program may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

Maturity

Maturity Allocation

As of 02/28/2026 % of Total Updated Monthly

Chart

Bar chart with 4 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 8.11337 to 41.10678.
End of interactive chart.
Fund
1 to 3 Years 41.11%
3 to 5 Years 35.72%
5 to 7 Years 15.06%
7 to 10 Years 8.11%

Portfolio characteristics, holdings, sector, maturity, market capitalization and credit quality allocations are subject to change at any time and are based on a model portfolio. Individual client portfolios in the program may differ, sometimes significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

Credit Quality

Credit Quality Allocation 4

 As of 12/31/2025 Updated Quarterly

Chart

Bar chart with 1 bar.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 100 to 100.
End of interactive chart.
Fund
AA 100.00%

Portfolio Holdings

  • Holdings
  • Top Ten Holdings

Holdings

Top Ten Holdings

As of 12/31/2025 Updated Quarterly
Security Name 
JPMorgan Chase & Co
Weight (%) 
1.89
Security Name 
Apple Inc
Weight (%) 
1.87
Security Name 
Marvell Technology Inc
Weight (%) 
1.82
Security Name 
NextEra Energy Inc
Weight (%) 
1.73
Security Name 
Alphabet Inc
Weight (%) 
1.67
Security Name 
Roche Holding AG
Weight (%) 
1.61
Security Name 
Union Pacific Corp
Weight (%) 
1.55
Security Name 
Ares Management Corp
Weight (%) 
1.52
Security Name 
PPL Corp
Weight (%) 
1.48
Security Name 
Broadcom Inc
Weight (%) 
1.47

Top Ten Holdings

Top Equity Issuers

As of 12/31/2025 Updated Quarterly

Chart

Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1.46883 to 1.88961.
End of interactive chart.
Fund
JPMorgan Chase & Co 1.89%
Apple Inc 1.87%
Marvell Technology Inc 1.82%
NextEra Energy Inc 1.73%
Alphabet Inc 1.67%
Roche Holding AG 1.61%
Union Pacific Corp 1.55%
Ares Management Corp 1.52%
PPL Corp 1.48%
Broadcom Inc 1.47%

Documents

Product Documents

PDF Format

Factsheet

Public
PDF Format

Disclosure

Public
PDF Format

Pitchbook

Public

Risks

What Are the Risks?

All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results.