PRICE AND YTD RETURN As of 05/27/2016

NAV up $0.06 $22.33
POP $23.69
YTD Total return at Nav 3.52%

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

Sales Charge

1 YEAR RETURN -5.45%
5 YEAR RETURN 7.86%
10 YEAR RETURN 4.53%

KEY STATS

Investment Category Value
Distributions Quarterly
CUSIP 353 612 401
Fund Number 139
Inception Date Mar 15, 1988
Total Net Assets (all share classes) As of 04/30/2016 $2,079.2 (M)
Distribution Rate at NAV As of 05/27/2016 2.32%
30-Day Standardized yield As of 04/30/2016 (updated monthly)
w/ Waiver 1.83%
w/o Waiver 1.81%

SALES CHARGE, EXPENSES, & FEES As of 03/01/2016 (updated annually)

Gross Expense Ratio 0.86%
Net Expense Ratio 0.86%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund seeks to maximize total return, consistent with reasonable risk, by investing at least 80% of its net assets in equity securities whose dividends can provide steady, current income that may help cushion against price declines, as well as contribute to total return.

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. "

Matt Quinlan, MBA

Management

Matt Quinlan, MBA

Matt Quinlan, MBA

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

Alan Muschott, CFA®, MBA

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

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2015

Overall Morningstar Rating As of 04/30/2016

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 04/30/2016

Years Ratings Funds
in category
3
2 Stars
1199
5
3 Stars
1048
10
3 Stars
759

Morningstar Style Box As of 03/31/2016

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

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.
  • 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

$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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