Overall Morningstar Rating
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.
Morningstar Style Box
| Large | Size | |||
|---|---|---|---|---|
| Medium | ||||
| Small | ||||
| Value | Blend | Growth | ||
| Style | ||||
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 1211 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 1121 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 875 |
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Overview
- Fund Description
- Strategy & Benefits
- Investment Philosophy, Strategy and Approach
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
"A strong and growing dividend may be a feature of a company with a quality business model that has the potential to drive attractive returns over time while demonstrating resilience in more challenging markets.”
- The Rising Dividends Team
Strategy & Benefits
Strategy
The Fund Invests Primarily In Companies That Have:
- Consistent dividend increases
- At least 8 out of 10 years
- No dividend decreases during that time
- Substantial dividend increases
- At least double over last 10 years
- Reinvested earnings
- Paid out less than 65% of current earnings in dividends (except for utility companies), and
- Strong balance sheets
- Long-term debt less than 50% of total capitalization (except for utility companies), or
- Investment-grade senior debt
As a fundamental investor focusing on individual securities, the investment manager looks for companies that it believes meet the criteria above, trade below their intrinsic value and are fundamentally sound, and attempts to acquire them at attractive prices.
Benefits
- Diversification. We invest in companies across the entire market-cap spectrum, with a variety of industries and sectors.
- Focus on High-Quality Companies.
- Leverages both the research resources of Franklin Equity Group and a dedicated team focused on dividend growth investing.
Investment Philosophy, Strategy and Approach
The Fund Invests Primarily In Companies That Have:
- Consistent dividend increases
- At least 8 out of 10 years
- No dividend decreases during that time
- Substantial dividend increases
- At least double over last 10 years
- Reinvested earnings
- Paid out less than 65% of current earnings in dividends (except for utility companies), and
- Strong balance sheets
- Long-term debt less than 50% of total capitalization (except for utility companies), or
- Investment-grade senior debt
Additionally, the investment manager utilizes a comprehensive suite of valuation tools in seeking investments which trade below the investment manager's view of intrinsic value.
Investment Approach
Our quantitative screens for dividend growth and valuation metrics reduce our investable universe from 10,000+ companies to typically 250 to 300 qualifiers. Leveraging both the research resources of Franklin Equity Group and a dedicated team focused on dividend growth investing, we conduct bottom-up fundamental analysis to identify 50-70 high conviction companies which we believe will meet our investment criteria going forward. Our analysis includes an assessment of material Environmental, Social, and Governance material (ESG) factors.
Fund Information
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk Measures
Average Annual Total Returns
Average Annual Total Returns 8
2025
Chart
Month End As of 11/30/2025 | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception 01/14/1987 | |
|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 1.23 | 8.46 | 8.98 | 11.15 | 9.63 | |
| Class A - Without Sales Charge (NAV) (%) | 7.13 | 10.53 | 10.22 | 11.78 | 9.79 | |
| S&P 500 Index (%) | 15.00 | 20.57 | 15.28 | 14.63 | 11.09 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Calendar Year Returns
Calendar Year Returns 8
Chart
Month End As of 11/30/2025 | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 6.41 | 4.73 | 5.98 | -15.52 | 19.67 | 9.91 | 22.71 | -10.51 | 13.37 | 7.84 | -9.09 | 01/14/1987 | |
| Class A - Without Sales Charge (NAV) (%) | 12.60 | 10.82 | 12.16 | -10.60 | 26.64 | 16.31 | 29.85 | -5.30 | 20.29 | 14.41 | -3.54 | 01/14/1987 | |
| S&P 500 Index (%) | 17.81 | 25.02 | 26.29 | -18.11 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | — |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Cumulative Total Returns
Cumulative Total Returns 8
The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.
1987
2025
Chart
Month End As of 11/30/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 01/14/1987 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 6.41 | 1.23 | 27.60 | 53.72 | 187.77 | 399.31 | 3,473.34 | |
| Class A - Without Sales Charge (NAV) (%) | 12.60 | 7.13 | 35.02 | 62.67 | 204.52 | 428.42 | 3,680.59 | |
| S&P 500 Index (%) | 17.81 | 15.00 | 75.28 | 103.57 | 291.75 | 667.53 | 5,862.10 |
Historical Cumulative Total Returns
2025
Date Selected As of 11/30/2025 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 01/14/1987 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 6.41 | 1.23 | 27.60 | 53.72 | 187.77 | 399.31 | 3,473.34 | |
| Class A - Without Sales Charge (NAV) (%) | 12.60 | 7.13 | 35.02 | 62.67 | 204.52 | 428.42 | 3,680.59 | |
| S&P 500 Index (%) | 17.81 | 15.00 | 75.28 | 103.57 | 291.75 | 667.53 | 5,862.10 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
If the sales charge (if applicable) had been included, the return would have been lower.
Risk Measures
Risk Measures8
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Beta | 0.81 | 0.86 | 0.92 |
| Bull Bear Capture Ratio | 0.67 | 0.82 | 0.90 |
| Beta Bear | 0.58 | 0.63 | 0.85 |
| Beta Bull | 0.74 | 0.93 | 0.94 |
| Historical Tracking Error | 6.95 | 5.17 | 4.45 |
| Information Ratio | -1.91 | -0.98 | -0.64 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 13.85 | 13.76 | 14.42 |
| S&P 500 Index | 15.24 | 15.01 | 15.08 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 0.54 | 0.51 | 0.67 |
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Portfolio
Assets
Positions
| Fund | Benchmark | |
|---|---|---|
| Number of Issuers | 56 | 503 |
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Price to Book | 5.72x | 5.44x |
| Dividend Yield | 1.42% | 1.13% |
| Weighted Average Market Capitalization (USD) | $830.87 Billion | $1,441.73 Billion |
| Price to Earnings (12-Month Trailing) | 29.51x | 28.28x |
| Price to Cash Flow | 21.63x | 19.92x |
Portfolio Allocations
- Assets
- Sector
- Market Capitalization
Assets
Asset Allocation
Chart
| Fund | ||
|---|---|---|
| Equity | 98.90% | |
| Cash & Cash Equivalents | 1.10% |
Sector
Sector Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| Software & Services | 14.67% | 11.26% | |
| Capital Goods | 12.27% | 5.80% | |
| Semiconductors & Semiconductor Equipment | 12.03% | 14.13% | |
| Financial Services | 11.03% | 7.79% | |
| Pharmaceuticals, Biotechnology & Life Sciences | 8.95% | 5.95% | |
| Health Care Equipment & Services | 6.36% | 3.82% | |
| Materials | 5.05% | 1.67% | |
| Technology Hardware & Equipment | 4.54% | 9.18% | |
| Consumer Staples Distribution & Retail | 3.95% | 1.80% | |
| Consumer Discretionary Distribution & Retail | 3.65% | 5.64% | |
| Banks | 3.15% | 3.51% | |
| Energy | 2.65% | 2.84% | |
| Consumer Services | 2.02% | 1.77% | |
| Utilities | 1.72% | 2.37% | |
| Household & Personal Products | 1.56% | 0.92% | |
| Insurance | 1.39% | 1.76% | |
| Commercial & Professional Services | 1.36% | 0.94% | |
| Consumer Durables & Apparel | 1.33% | 0.54% | |
| Food, Beverage & Tobacco | 1.25% | 2.13% | |
| Cash & Cash Equivalents | 1.10% | — |
Market Capitalization
Market Capitalization Allocation
Chart
| Fund | ||
|---|---|---|
| 10.0-25.0 Billion | 5.20% | |
| 25.0-50.0 Billion | 8.20% | |
| >50.0 Billion | 86.60% |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Top Ten Holdings
Top Equity Issuers
Chart
| Fund | ||
|---|---|---|
| MICROSOFT CORP | 8.81% | |
| BROADCOM INC | 6.48% | |
| APPLE INC | 3.90% | |
| JPMORGAN CHASE & CO | 3.15% | |
| VISA INC | 3.13% | |
| WALMART INC | 2.93% | |
| ELI LILLY & CO | 2.72% | |
| ORACLE CORP | 2.66% | |
| STRYKER CORP | 2.60% | |
| LINDE PLC | 2.48% |
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distributions
- Tax Information
Distributions
Distribution Schedules
Rates and Yields
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
Current Year Distributions Per Share
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Amount | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/19/2025 | 12/22/2025 | 12/22/2025 | 12/22/2025 | — | $8.3820-$9.2200 Estimates | $0.0000-$0.0000 Estimates | — | — Estimates |
| 10/17/2025 | 10/20/2025 | 10/20/2025 | 10/20/2025 | $98.64 | — | — | $0.178 | $0.178 |
| 07/18/2025 | 07/21/2025 | 07/21/2025 | 07/21/2025 | $95.11 | — | — | $0.196 | $0.196 |
| 04/17/2025 | 04/21/2025 | 04/21/2025 | 04/21/2025 | $81.42 | — | — | $0.1915 | $0.1915 |
Historical Distributions Per Share
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1999
- 1998
- 1997
- 1996
- 1995
- 1994
- 1993
- 1992
- 1991
- 1990
- 1989
- 1988
- 1987
- Since Inception
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Amount | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/19/2024 | 12/20/2024 | 12/20/2024 | 12/20/2024 | $89.67 | $8.2847 | — | $0.1092 | $8.3939 |
| 10/18/2024 | 10/21/2024 | 10/21/2024 | 10/21/2024 | $100.77 | — | — | $0.2084 | $0.2084 |
| 07/19/2024 | 07/22/2024 | 07/22/2024 | 07/22/2024 | $95.32 | — | — | $0.21 | $0.21 |
| 04/19/2024 | 04/22/2024 | 04/22/2024 | 04/22/2024 | $91.12 | — | — | $0.2267 | $0.2267 |
| 12/19/2023 | 12/20/2023 | 12/20/2023 | 12/20/2023 | $86.69 | $3.1893 | — | $0.1656 | $3.3549 |
| 10/19/2023 | 10/20/2023 | 10/20/2023 | 10/20/2023 | $82.83 | — | — | $0.242 | $0.242 |
| 07/19/2023 | 07/20/2023 | 07/20/2023 | 07/20/2023 | $89.99 | — | — | $0.2371 | $0.2371 |
| 04/19/2023 | 04/20/2023 | 04/20/2023 | 04/20/2023 | $86.41 | — | — | $0.2303 | $0.2303 |
| 12/19/2022 | 12/20/2022 | 12/20/2022 | 12/20/2022 | $81.90 | — | — | $0.1506 | $0.1506 |
| 12/14/2022 | 12/15/2022 | 12/15/2022 | 12/15/2022 | $83.41 | $3.3352 | — | — | $3.3352 |
| 10/19/2022 | 10/20/2022 | 10/20/2022 | 10/20/2022 | $78.13 | — | — | $0.2116 | $0.2116 |
| 07/19/2022 | 07/20/2022 | 07/20/2022 | 07/20/2022 | $81.62 | — | — | $0.2129 | $0.2129 |
| 04/19/2022 | 04/20/2022 | 04/20/2022 | 04/20/2022 | $91.52 | — | — | $0.1902 | $0.1902 |
| 11/30/2021 | 12/01/2021 | 12/01/2021 | 12/01/2021 | — | $3.7349 | $0.0069 | $0.0858 | $3.8276 |
| 09/30/2021 | 10/01/2021 | 10/01/2021 | 10/01/2021 | $91.30 | — | — | $0.1464 | $0.1464 |
| 06/30/2021 | 07/01/2021 | 07/01/2021 | 07/01/2021 | $90.61 | — | — | $0.1472 | $0.1472 |
| 03/31/2021 | 04/01/2021 | 04/01/2021 | 04/01/2021 | $84.06 | — | — | $0.1609 | $0.1609 |
| 11/30/2020 | 12/01/2020 | 12/01/2020 | 12/01/2020 | $78.44 | — | — | $0.1699 | $0.1699 |
| 09/30/2020 | 10/01/2020 | 10/01/2020 | 10/01/2020 | $72.12 | — | — | $0.1511 | $0.1511 |
| 06/30/2020 | 07/01/2020 | 07/01/2020 | 07/01/2020 | $65.95 | — | — | $0.1677 | $0.1677 |
| 03/31/2020 | 04/01/2020 | 04/01/2020 | 04/01/2020 | $52.86 | — | — | $0.169 | $0.169 |
| 11/29/2019 | 12/02/2019 | 12/02/2019 | 12/04/2019 | $67.29 | $1.3653 | $0.0126 | $0.2042 | $1.5821 |
| 09/30/2019 | 10/01/2019 | 10/01/2019 | 10/03/2019 | $66.54 | — | — | $0.1738 | $0.1738 |
| 06/28/2019 | 07/01/2019 | 07/01/2019 | 07/03/2019 | $66.94 | — | — | $0.1775 | $0.1775 |
| 03/29/2019 | 04/01/2019 | 04/01/2019 | 04/03/2019 | $64.07 | — | — | $0.1625 | $0.1625 |
| 11/30/2018 | 12/03/2018 | 12/03/2018 | 12/05/2018 | $61.64 | $2.1614 | — | $0.216 | $2.3774 |
| 09/28/2018 | 10/01/2018 | 10/01/2018 | 10/03/2018 | $66.28 | — | — | $0.1909 | $0.1909 |
| 06/29/2018 | 07/02/2018 | 07/02/2018 | 07/05/2018 | $61.12 | — | — | $0.1631 | $0.1631 |
| 03/29/2018 | 04/02/2018 | 04/02/2018 | 04/04/2018 | $58.03 | — | — | $0.1448 | $0.1448 |
| 11/30/2017 | 12/01/2017 | 12/01/2017 | 12/05/2017 | $60.32 | $1.3144 | $0.0809 | $0.2085 | $1.6038 |
| 09/29/2017 | 10/02/2017 | 10/02/2017 | 10/04/2017 | $59.10 | — | — | $0.1422 | $0.1422 |
| 06/30/2017 | 07/03/2017 | 07/03/2017 | 07/06/2017 | $56.45 | — | — | $0.1733 | $0.1733 |
| 03/31/2017 | 04/03/2017 | 04/03/2017 | 04/05/2017 | $54.71 | — | — | $0.1533 | $0.1533 |
| 11/30/2016 | 12/01/2016 | 12/01/2016 | 12/05/2016 | $52.23 | $1.0925 | $0.0147 | $0.3398 | $1.447 |
| 09/30/2016 | 10/03/2016 | 10/03/2016 | 10/05/2016 | $53.23 | — | — | $0.1576 | $0.1576 |
| 06/30/2016 | 07/01/2016 | 07/01/2016 | 07/06/2016 | $51.77 | — | — | $0.1704 | $0.1704 |
| 03/31/2016 | 04/01/2016 | 04/01/2016 | 04/01/2016 | $50.10 | — | — | $0.1886 | $0.1886 |
| 11/30/2015 | 12/01/2015 | 12/01/2015 | 12/03/2015 | $49.21 | $1.9094 | $0.0015 | $0.2202 | $2.1311 |
| 08/31/2015 | 09/01/2015 | 09/01/2015 | 09/03/2015 | $47.00 | — | — | $0.158 | $0.158 |
| 05/29/2015 | 06/01/2015 | 06/01/2015 | 06/03/2015 | $52.81 | — | — | $0.1686 | $0.1686 |
| 02/27/2015 | 03/02/2015 | 03/02/2015 | 03/04/2015 | $53.00 | — | — | $0.0754 | $0.0754 |
| 11/28/2014 | 12/01/2014 | 12/01/2014 | 12/03/2014 | $51.57 | $0.4903 | $0.0055 | $0.2313 | $0.7271 |
| 08/29/2014 | 09/02/2014 | 09/02/2014 | 09/04/2014 | $50.62 | — | — | $0.1519 | $0.1519 |
| 05/30/2014 | 06/02/2014 | 06/02/2014 | 06/04/2014 | $49.78 | — | — | $0.1432 | $0.1432 |
| 02/28/2014 | 03/03/2014 | 03/03/2014 | 03/05/2014 | $48.28 | — | — | $0.0716 | $0.0716 |
| 11/29/2013 | 12/02/2013 | 12/02/2013 | 12/04/2013 | $47.57 | — | — | $0.4248 | $0.4248 |
| 11/30/2012 | 12/03/2012 | 12/03/2012 | 12/05/2012 | $37.25 | — | — | $0.5536 | $0.5536 |
| 11/30/2011 | 12/01/2011 | 12/01/2011 | 12/05/2011 | $34.16 | — | — | $0.4095 | $0.4095 |
| 11/30/2010 | 12/01/2010 | 12/01/2010 | 12/03/2010 | $31.92 | — | — | $0.373 | $0.373 |
| 11/30/2009 | 12/01/2009 | 12/01/2009 | 12/03/2009 | $27.91 | — | — | $0.1231 | $0.1231 |
| 11/28/2008 | 12/01/2008 | 12/01/2008 | 12/03/2008 | $21.35 | — | — | $0.5145 | $0.5145 |
| 11/30/2007 | 12/03/2007 | 12/03/2007 | 12/05/2007 | $33.92 | $0.6681 | — | $0.4518 | $1.1199 |
| 11/30/2006 | 12/01/2006 | 12/01/2006 | 12/05/2006 | $35.47 | $1.1599 | $0.0322 | $0.9139 | $2.106 |
| 12/27/2005 | 12/28/2005 | 12/28/2005 | 12/30/2005 | $32.61 | — | — | $0.0301 | $0.0301 |
| 11/30/2005 | 12/01/2005 | 12/01/2005 | 12/05/2005 | $32.45 | $0.1411 | $0.0385 | $0.3174 | $0.497 |
| 11/30/2004 | 12/01/2004 | 12/01/2004 | 12/03/2004 | $31.67 | $0.2368 | — | $0.3035 | $0.5403 |
| 12/18/2003 | 12/19/2003 | 12/19/2003 | 12/23/2003 | $29.10 | — | — | $0.05 | $0.05 |
| 11/28/2003 | 12/01/2003 | 12/01/2003 | 12/03/2003 | $29.22 | $0.0389 | — | $0.1099 | $0.1488 |
| 11/29/2002 | 12/02/2002 | 12/02/2002 | 12/04/2002 | $24.67 | $0.0885 | — | $0.0671 | $0.1556 |
| 08/30/2002 | 09/03/2002 | 09/03/2002 | 09/05/2002 | $24.38 | — | — | $0.0246 | $0.0246 |
| 05/31/2002 | 06/03/2002 | 06/03/2002 | 06/05/2002 | $26.90 | — | — | $0.0244 | $0.0244 |
| 02/28/2002 | 03/01/2002 | 03/01/2002 | 03/05/2002 | $26.27 | — | — | $0.0042 | $0.0042 |
| 11/30/2001 | 12/03/2001 | 12/03/2001 | 12/05/2001 | $23.69 | $0.7257 | $0.0029 | $0.0592 | $0.7878 |
| 08/31/2001 | 09/04/2001 | 09/04/2001 | 09/06/2001 | $24.97 | — | — | $0.0415 | $0.0415 |
| 05/31/2001 | 06/01/2001 | 06/01/2001 | 06/05/2001 | $24.62 | — | — | $0.0507 | $0.0507 |
| 02/28/2001 | 03/01/2001 | 03/01/2001 | 03/05/2001 | $22.93 | — | — | $0.0191 | $0.0191 |
| 11/30/2000 | 12/01/2000 | 12/01/2000 | 12/05/2000 | $21.06 | — | — | $0.0823 | $0.0823 |
| 08/31/2000 | 09/01/2000 | 09/01/2000 | 09/15/2000 | $19.92 | — | — | $0.0468 | $0.0468 |
| 05/31/2000 | 06/01/2000 | 06/01/2000 | 06/15/2000 | $20.26 | — | — | $0.0252 | $0.0252 |
| 02/29/2000 | 03/01/2000 | 03/01/2000 | 03/15/2000 | $18.45 | — | — | $0.0421 | $0.0421 |
| 11/30/1999 | 12/01/1999 | 12/01/1999 | 12/15/1999 | $19.39 | $1.664 | — | $0.0394 | $1.7034 |
| 08/31/1999 | 09/01/1999 | 09/01/1999 | 09/15/1999 | $22.75 | — | — | $0.0388 | $0.0388 |
| 05/28/1999 | 06/01/1999 | 06/01/1999 | 06/15/1999 | $23.27 | — | — | $0.0393 | $0.0393 |
| 02/26/1999 | 03/01/1999 | 03/01/1999 | 03/15/1999 | $21.48 | — | — | $0.0534 | $0.0534 |
| 11/30/1998 | 12/01/1998 | 12/01/1998 | 12/15/1998 | $22.70 | $1.7125 | $0.2735 | $0.0386 | $2.0246 |
| 08/31/1998 | 09/01/1998 | 09/01/1998 | 09/15/1998 | $21.20 | — | — | $0.046 | $0.046 |
| 02/27/1998 | 03/02/1998 | 03/02/1998 | 03/13/1998 | $25.97 | — | — | $0.027 | $0.027 |
| 11/28/1997 | 12/01/1997 | 12/01/1997 | 12/15/1997 | $24.11 | $2.8451 | $0.3529 | $0.032 | $3.23 |
| 08/29/1997 | 09/02/1997 | 09/02/1997 | 09/15/1997 | $26.19 | — | — | $0.032 | $0.032 |
| 05/30/1997 | 06/02/1997 | 06/02/1997 | 06/13/1997 | $23.27 | — | — | $0.047 | $0.047 |
| 02/28/1997 | 03/03/1997 | 03/03/1997 | 03/14/1997 | $21.95 | — | — | $0.06 | $0.06 |
| 11/29/1996 | 12/02/1996 | 12/02/1996 | 12/13/1996 | $20.66 | $1.311 | — | $0.04 | $1.351 |
| 08/30/1996 | 09/03/1996 | 09/03/1996 | 09/13/1996 | $19.11 | — | — | $0.07 | $0.07 |
| 05/31/1996 | 06/03/1996 | 06/03/1996 | 06/14/1996 | $19.12 | — | — | $0.07 | $0.07 |
| 02/29/1996 | 03/01/1996 | 03/01/1996 | 03/15/1996 | $18.92 | — | — | $0.07 | $0.07 |
| 11/30/1995 | 12/01/1995 | 12/01/1995 | 12/15/1995 | $17.99 | — | — | $0.129 | $0.129 |
| 08/31/1995 | 09/01/1995 | 09/01/1995 | 09/15/1995 | $16.80 | — | — | $0.07 | $0.07 |
| 05/31/1995 | 06/01/1995 | 06/01/1995 | 06/15/1995 | $15.99 | — | — | $0.065 | $0.065 |
| 02/28/1995 | 03/01/1995 | 03/01/1995 | 03/15/1995 | $15.05 | — | — | $0.065 | $0.065 |
| — | 12/01/1994 | 12/07/1994 | — | $14.07 | — | — | $0.098 | $0.098 |
| — | 09/01/1994 | 09/07/1994 | — | $14.87 | — | — | $0.06 | $0.06 |
| — | 06/01/1994 | 06/07/1994 | — | $14.49 | — | — | $0.06 | $0.06 |
| — | 03/01/1994 | 03/07/1994 | — | $14.91 | — | — | $0.06 | $0.06 |
| — | 12/01/1993 | 12/08/1993 | — | $15.34 | — | — | $0.06 | $0.06 |
| — | 09/01/1993 | 09/08/1993 | — | $15.40 | — | — | $0.065 | $0.065 |
| — | 06/01/1993 | 06/08/1993 | — | $15.24 | — | — | $0.065 | $0.065 |
| — | 03/01/1993 | 03/05/1993 | — | $15.90 | — | — | $0.065 | $0.065 |
| — | 12/01/1992 | 12/07/1992 | — | $16.12 | — | — | $0.065 | $0.065 |
| — | 09/01/1992 | 09/08/1992 | — | $15.24 | — | — | $0.065 | $0.065 |
| — | 06/01/1992 | 06/05/1992 | — | $15.10 | — | — | $0.065 | $0.065 |
| — | 03/02/1992 | 03/06/1992 | — | $14.71 | — | — | $0.065 | $0.065 |
| — | 12/02/1991 | 12/06/1991 | — | $14.04 | — | — | $0.105 | $0.105 |
| — | 09/03/1991 | 09/09/1991 | — | $14.06 | — | — | $0.065 | $0.065 |
| — | 06/03/1991 | 06/07/1991 | — | $13.60 | — | — | $0.065 | $0.065 |
| — | 03/01/1991 | 03/07/1991 | — | $12.86 | — | — | $0.065 | $0.065 |
| — | 12/03/1990 | 12/07/1990 | — | $10.96 | — | — | $0.03 | $0.03 |
| — | 09/04/1990 | 09/10/1990 | — | $10.33 | — | — | $0.09 | $0.09 |
| — | 06/01/1990 | 06/08/1990 | — | $11.46 | — | — | $0.09 | $0.09 |
| — | 04/02/1990 | 04/06/1990 | — | $11.08 | — | — | $0.09 | $0.09 |
| — | 01/02/1990 | 01/08/1990 | — | $11.55 | — | — | $0.09 | $0.09 |
| — | 10/02/1989 | 10/06/1989 | — | $11.80 | — | — | $0.09 | $0.09 |
| — | 07/03/1989 | 07/07/1989 | — | $11.14 | — | — | $0.09 | $0.09 |
| — | 04/03/1989 | 04/07/1989 | — | $10.44 | — | — | $0.09 | $0.09 |
| — | 01/03/1989 | 01/05/1989 | — | $9.92 | — | — | $0.09 | $0.09 |
| — | 10/03/1988 | 10/07/1988 | — | $10.22 | — | — | $0.08 | $0.08 |
| — | 07/01/1988 | 07/01/1988 | — | $10.00 | — | — | $0.08 | $0.08 |
| — | 04/01/1988 | 04/04/1988 | — | $9.56 | — | — | $0.08 | $0.08 |
| — | 01/04/1988 | 01/04/1988 | — | $8.80 | — | — | $0.08 | $0.08 |
| — | 10/01/1987 | 10/01/1987 | — | $10.24 | — | — | $0.07 | $0.07 |
| — | 07/01/1987 | 07/01/1987 | — | $9.97 | — | — | $0.07 | $0.07 |
| — | 04/01/1987 | 04/04/1987 | — | $9.96 | — | — | $0.05 | $0.05 |
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Tax Information
Tax Information
Federal ID Number 13-3392039
Distributions per Share ($)
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
| Record Date | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions | Unrecaptured Section 1250 Gain | Non-Taxable Return Of Capital | Section 199a Dividends | Foreign Tax Paid | Exempt Interest Dividends | Interest on Tax Reclaim Refunds |
|---|---|---|---|---|---|---|---|---|---|
| Apr 19 | 0.2267 | 0.2267 | — | — | — | — | — | — | — |
| Jul 19 | 0.21 | 0.21 | — | — | — | — | — | — | — |
| Oct 18 | 0.2084 | 0.2084 | — | — | — | — | — | — | — |
| Dec 19 | 0.1092 | 0.1092 | 8.2847 | — | — | — | — | — | — |
| 0.7543 | 0.7543 | 8.2847 | — | — | — | — | — | — |
Supplemental Tax Information
Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Chart
Daily Fund Prices and Breakpoints
52-Week Range
POP and Sales Charge at Breakpoints
Investment | Sales Charge | POP |
|---|---|---|
| Less than $25,000 | 5.50% | $105.86 |
| $25,000 - $49,999 | 5.25% | $105.58 |
| $50,000 - $99,999 | 4.50% | $104.75 |
| $100,000 - $249,999 | 3.50% | $103.67 |
| $250,000 - $499,999 | 2.50% | $102.61 |
| $500,000 - $749,999 | 2.00% | $102.08 |
| $750,000 - $999,999 | 1.50% | $101.56 |
POP and Sales Charge at Breakpoints
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Historical Pricing Results From 11/10/2025 To 12/10/2025
| Date | NAV | POP | NAV Change | NAV Change (%) |
|---|---|---|---|---|
| 12/10/2025 | $100.04 | $105.86 | $0.87 | 0.88% |
| 12/09/2025 | $99.17 | $104.94 | $-0.16 | -0.16% |
| 12/08/2025 | $99.33 | $105.11 | $-0.41 | — |
| 12/05/2025 | $99.74 | $105.54 | $0.21 | 0.21% |
| 12/04/2025 | $99.53 | $105.32 | $0.03 | 0.03% |
| 12/03/2025 | $99.50 | $105.29 | $0.52 | 0.53% |
| 12/02/2025 | $98.98 | $104.74 | $0.09 | 0.09% |
| 12/01/2025 | $98.89 | $104.65 | $-0.74 | -0.74% |
| 11/28/2025 | $99.63 | $105.43 | $0.54 | 0.55% |
| 11/27/2025 | $99.09 | $104.86 | $0.91 | 0.00% |
| 11/26/2025 | $99.09 | $104.86 | $0.91 | 0.93% |
| 11/25/2025 | $98.18 | $103.89 | $1.31 | 1.35% |
| 11/24/2025 | $96.87 | $102.51 | $0.68 | 0.71% |
| 11/21/2025 | $96.19 | $101.79 | $0.80 | 0.84% |
| 11/20/2025 | $95.39 | $100.94 | $-0.95 | -0.99% |
| 11/19/2025 | $96.34 | $101.95 | $0.39 | 0.41% |
| 11/18/2025 | $95.95 | $101.53 | $-0.40 | — |
| 11/17/2025 | $96.35 | $101.96 | $-0.90 | -0.93% |
| 11/14/2025 | $97.25 | $102.91 | $-0.24 | -0.25% |
| 11/13/2025 | $97.49 | $103.16 | $-1.20 | -1.22% |
| 11/12/2025 | $98.69 | $104.43 | $0.46 | 0.47% |
| 11/11/2025 | $98.23 | $103.95 | $0.61 | 0.62% |
| 11/10/2025 | $97.62 | $103.30 | $0.63 | 0.65% |
Documents
Product Literature
Factsheet - Franklin Rising Dividends Fund
Brochure - Franklin Rising Dividends Fund
Regulatory Documents
Semi-Annual Report - Franklin Rising Dividends Fund - Class A
Annual Report - Franklin Rising Dividends Fund - Class A
Prospectus - Franklin Rising Dividends Fund
Summary Prospectus - Franklin Rising Dividends Fund
Statement of Additional Information - Franklin Rising Dividends Fund
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Franklin Rising Dividends Fund
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Franklin Rising Dividends Fund
Mailed hardcopies unavailable.
Risks
What Are the Risks?
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) DIAL BEN/342-5236 for more information.
Footnotes
Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Public Offering Price – the purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
For net asset value (NAV) purchases, a 1% contingent deferred sales charge (CDSC) may apply to shares redeemed within 18 months.
Prior to 3/1/19, these shares were offered at a higher initial sales charge of 4.25%; thus actual returns would have differed. Total returns with sales charges have been restated to reflect the current maximum initial sales charge of 3.75%. Effective 9/10/18 Class A shares closed to new investors, were renamed Class A1 shares, and a new Class A share with a different expense structure became available. Class A performance shown has been calculated as follows: (a) for periods prior to 9/10/18, a restated figure is used based on the fund's Class A1 performance and including any Rule 12b-1 rate differential as exists between Class A1 and Class A; and (b) for periods after 9/10/18, actual Class A performance is used, reflecting all charges and fees applicable to that class.
Dividend yield is calculated without the deduction of fees and expenses.