Fund Description

The fund seeks long-term capital appreciation by investing at least 80% of its net assets in companies of any size that have paid consistently rising dividends.

Strategy Statement

"Using a rigorous, research-driven stock selection process, we only consider a company if it passes our five screens and then only buy if they are attractively priced relative to historical valuations."

Donald Taylor


Donald Taylor

Donald Taylor

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 1996
Nicholas Getaz, CFA

Nicholas Getaz, CFA®

  • Joined Franklin Templeton in 2011
  • Managed Fund Since 2014


Overall Morningstar Rating As of 02/28/2018

Rating Category: Large Blend

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 02/28/2018

Years Ratings Funds
in category
2 Stars
2 Stars
3 Stars

Morningstar Style Box As of12/31/2017

Strategy, Benefits, Results


We employ a unique, disciplined approach to stock selection. Companies must meet the following criteria before stocks are considered for purchase:

  • Consistent Dividend Increases. We only consider companies that have increased their dividend in at least 8 out the last 10 years, without a decrease.
  • Substantial Dividend Increases. We look for companies that have doubled their dividend over the last 10 years.
  • Strong Balance Sheets. We invest in companies with strong financials and low levels of long-term debt.
  • Reinvested Earnings for Future Long-Term Growth. We search for companies that reinvest at least 35% of their earnings in their own future growth.
  • Attractive Price. We purchase shares that are attractively priced relative to historical valuations and stocks must have a price-to-earnings ratio (P/E) in the lower half of its range over the last 10 years or less than the current P/E ratio of stocks in the S&P 500 Index.


  • Diversification. We invest in companies across the entire market-cap spectrum, with a variety of industries and sector.
  • A Record of Lower Volatility.
  • Value Expertise. Investors can benefit from our veteran management team with extensive value investing experience.

Selling The Fund

  1. Point out the manager’s value expertise and management team’s long tenure and fund’s track record.

  2. Highlight our rigorous stock selection approach that only considers quality companies that have a history of increasing their dividends.

  3. Emphasize the broad market exposure to companies across all cap sizes, sectors and industries.

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