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
Brendan Circle, CFA

Brendan Circle, CFA®

  • Joined Franklin Templeton in 2013
  • Managed Fund Since 2019
Todd Brighton, CFA

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 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.