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."

Management

Nicholas Getaz, CFA

Nicholas Getaz, CFA®

  • Joined Franklin Templeton in 2011
  • Managed Fund Since 2014
Matt Quinlan

Matt Quinlan

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2019
Amritha Kasturirangan, CFA

Amritha Kasturirangan, CFA®

  • Joined Franklin Templeton in 2009
  • Managed Fund Since 2019
Nayan M Sheth, CFA

Nayan M Sheth, CFA®

  • Joined Franklin Templeton in 2014
  • Managed Fund Since 2019

Rating

Overall Morningstar Rating As of 06/30/2020

Rating Category: Large Blend

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 [further-information] As of 06/30/2020

Years Ratings Funds
in category
3
3 Stars
1230
5
3 Stars
1058
10
3 Stars
806

Morningstar Style Box As of05/31/2020

Strategy, Benefits, Results

Strategy

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.

Benefits

  • 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.