Fund Description

The fund seeks both income and capital appreciation by investing in a combination of stocks, convertible securities and fixed income securities.

Strategy Statement

"By combining the growth potential of stocks with the income exposure of bonds, we believe the fund could be attractive as a solid core holding in an investor's portfolio."

Edward D. Perks, CFA®


Edward D. Perks, CFA

Edward D. Perks, CFA®

  • Joined Franklin Templeton in 1992
  • Managed Fund Since 2006
Alan Muschott, CFA

Alan Muschott, CFA®

  • Joined Franklin Templeton in 1998
  • Managed Fund Since 2006
Shawn Lyons, CFA

Shawn Lyons, CFA®

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 2006
Todd Brighton, CFA

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2017


Overall Morningstar Rating As of 01/31/2019

Rating Category: Allocation--50% to 70% Equity

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 01/31/2019

Years Ratings Funds
in category
4 Stars
4 Stars

Morningstar Style Box As of12/31/2018

Strategy, Benefits, Results


  • Diversify Holdings. We aim to create a diversified portfolio of stocks, fixed income securities and convertible securities.
  • Research and Evaluate. We conduct a bottom-up assessment of a company's security price relative to our evaluation of its long-term earnings and cash flow potential, asset value and profit margins.
  • Find the Right Mix. We actively seek an optimal mix of equity and fixed income investments by evaluating changing economic, market and industry conditions.


  • Experienced management team culled from both Franklin Equity Group and Franklin Templeton Fixed Income Group®.
  • Broad diversification spread across multiple asset classes.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • The fund’s share price and yield will be affected by interest rate movements.
  • Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • These and other risk considerations are described more fully in the prospectus.

Minimum Investment

See Prospectus

How Financial Advisors Help You

Speak to your advisor about whether this fund is appropriate for you.

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

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