PRICE AND YTD RETURN As of 05/05/2016

NAV up $0.01 $73.14
POP $77.60
YTD Total return at Nav -0.31%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 03/31/2016

Sales Charge

1 YEAR RETURN -6.81%
5 YEAR RETURN 9.36%
10 YEAR RETURN 6.98%

KEY STATS

Investment Category Growth
Distributions Annually
CUSIP 353 496 508
Fund Number 106
Inception Date Mar 31, 1948
Total Net Assets (all share classes) As of 04/30/2016 $11,827.8 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 02/01/2016 (updated annually)

Gross Expense Ratio 0.88%
Net Expense Ratio 0.88%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The Fund seeks long-term capital appreciation by investing substantially in the equity securities of companies that are leaders in their industries, and which the managers believe are suitable for a buy-and-hold strategy.

Strategy Statement

"Our investments emphasize well-established companies and household names, which we hold for the long term. This has historically resulted in very low annual turnover for the fund. "

Serena Perin Vinton, CFA®

Management

Serena Perin Vinton, CFA

Serena Perin Vinton, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2008
John Anderson, MBA

John Anderson, MBA

  • Joined Franklin Templeton in 2013
  • Managed Fund Since 2016
Robert Rendler, CFA

Robert Rendler, CFA®

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2016

Overall Morningstar Rating As of 03/31/2016

Rating Category: Large Growth

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 03/31/2016

Years Ratings Funds
in category
3
3 Stars
1524
5
3 Stars
1315
10
4 Stars
937

Morningstar Style Box As of 12/31/2015

Strategy, Benefits, Results

Strategy

We use fundamental, bottom-up research to find large, established companies that meet our criteria of:

  • Growth. Our team focuses on companies with the potential to produce sustainable earnings and cash-flow growth.
  • Quality. We seek high-quality companies with strong management teams and financial strength.
  • Valuation. We assess whether the growth opportunity is already reflected in the stock price.

Benefits

  • Tenured and experienced portfolio management team.
  • Distinct research structure. Investment professionals organized into collaborative sector teams.
  • Historically low portfolio turnover ratio has potentially reduced taxable distributions to shareholders.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Historically, the fund has focused on larger companies.
  • The fund may also invest in small, relatively new and/or unseasoned companies, which involves additional risks, as the price of these securities can be volatile, particularly over the short term.
  • The fund may focus on particular sectors of the market from time to time, which can carry greater risks of adverse developments in such sectors.
  • The fund may invest up to 40% of its net assets in stocks of foreign companies, which involve 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

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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