PRICE AND YTD RETURN As of 07/28/2016

NAV up $0.07 $53.37
POP $56.63
YTD Total return at Nav 12.56%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -0.60%
10 YEAR RETURN 6.22%


Investment Category Blend
Distributions Quarterly
CUSIP 353 825 102
Fund Number 158
Inception Date Jan 14, 1987
Total Net Assets (all share classes) As of 06/30/2016 $17,177.2 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield

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

Gross Expense Ratio 0.92%
Net Expense Ratio 0.92%
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 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."


Donald Taylor

Donald Taylor

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 1996
Nicholas Getaz, CFA, MBA

Nicholas Getaz, CFA®, MBA

  • Joined Franklin Templeton in 2011
  • Managed Fund Since 2014
Bruce Baughman

Bruce Baughman

  • Joined Franklin Templeton in 1987
  • Managed Fund Since 1987

Overall Morningstar Rating As of 06/30/2016

Rating Category: Large Blend

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 06/30/2016

Years Ratings Funds
in category
2 Stars
3 Stars
3 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


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.


  • 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.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Value securities may not increase in price as anticipated, or may decline further in value.
  • Smaller- and mid-sized company stocks carry special risks, including greater price volatility over the short term.
  • Smaller and mid-sized companies often have relatively small revenues, limited product lines and a small market share.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


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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