Fund Description

The fund's investment goal is to maximize total return by emphasizing high current income and long-term capital appreciation, consistent with reasonable risk. The fund normally invests at least 80% of its net assets in equity securities, with a focus on financially-strong "blue chip" companies, and the remainder of its assets in other equity-related instruments such as convertible securities and equity-linked notes.

Strategy Statement

"We believe the fund provides opportunity to participate in the growth potential of the equity market, while seeking high current income and reduced overall risk. "

Management

Matt Quinlan

Matt Quinlan

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2011
Alan Muschott, CFA

Alan Muschott, CFA®

  • Joined Franklin Templeton in 1998
  • Managed Fund Since 2005
Todd Brighton, CFA

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2015

Rating

Overall Morningstar Rating As of 05/31/2020

Rating Category: Large Value

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 As of 05/31/2020

Years Ratings Funds
in category
3
4 Stars
1108
5
4 Stars
958
10
4 Stars
699

Morningstar Style Box As of04/30/2020

Strategy, Benefits, Results

Strategy

  • We search for high-quality companies with strong balance sheets and a distinct industry advantage.
  • We seek larger-cap companies that have track records of paying above-average dividend yields.
  • We further diversify the fund by investing in convertible securities and fixed-income investments.

Benefits

  • Experienced management team with over 57 years of combined industry experience.
  • Distinctive risk/reward profile.
  • Broad diversification spread across multiple asset classes.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • Convertible securities are subject to the risks of stocks when the underlying stock price is high relative to the conversion price and debt securities when the underlying stock price is low relative to the conversion price.
  • Investments in ELNs often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks.
  • The fund’s investment in foreign securities also involves special risks, including currency fluctuations and economic as well as political uncertainty.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment

See Prospectus

How Financial Professionals Help You

Speak with your financial professional about whether this fund is appropriate for you.

Learn more from FINRA about How to Find and Work with an Investment Professional.