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Franklin Balance Sheet Investment Fund

Fund Category: ValueGo to Prices & Performance page
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Symbol FRBSX
CUSIP 355 148 107
Fund Number 150
Inception Date1 Apr 02, 1990
Distributions Annually
Total Net Assets
(all share classes)
As of 03/31/2014
$1,559.1
(millions)

As of  04/17/2014

NAV2 $50.86  
NAV Change $0.24  
POP3 $53.96  
YTD Total Return at NAV -0.97%
Distribution Rate at NAV N/A
30-day Standardized Yield
N/A

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 13.63% 20.55%
5 Yrs 20.28% 21.71%
10 Yrs 7.02% 7.66%
Life 10.91% 11.18%

Expense Ratio and Sales Charge As of 03/01/2014 (updated annually)

Gross Expense Ratio4 0.93%
Net Expense Ratio 0.92%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

Strategy Statement
Portfolio Managers
Bruce C. Baughman
"Our strategy is not aimed at trading gains and we don't consider the composition of any index. We seek companies that answer our investment criteria and assume we will hold them for several years."

Bruce C. Baughman, CPA
Joined Franklin Templeton in 1988
Managed Fund since 1990

Strategy, Benefits, Results

Strategy

We employ a long-term, straightforward, disciplined approach to investing in securities of companies of any size and market capitalization. Before investing, companies must meet the following criteria:

  • Sound Balance Sheets. We only consider companies with financials strong enough to withstand adversity, and with low levels of debt.
  • Attractive Price to Book Valuations. We select companies that trade in the lowest two deciles (20%) of the fund's investible universe, which is derived from a proprietary database, and then rigorously analyze company valuations.

We may also consider:

  • Book Value Growth. We analyze a company's assets and liabilities, focusing on growth in a company's book value through net earnings in an effort to determine overstated asset values.
  • Qualitative Analysis. We invest where management's interests are not adverse to those of long-term investors, and assume to own stocks for at least five years.

Benefits

  • Diversification. We invest across the entire market-cap spectrum, maintaining an investment mix with a variety of industries or sectors.
  • A Record of Lower Volatility.
  • Value Expertise. Investors can benefit from our veteran management team with extensive value-investing experience.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Value securities may not increase in price as anticipated, or may decline further in value.
  • Historically, smaller and mid-sized company stocks have been more volatile in price, especially over the short term.
  • Smaller companies often have relatively small revenues, limited product lines and a small market share.
  • Investments in foreign securities involve special risks including currency fluctuations, and economic and political uncertainties.
  • 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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Important Legal Information

Footnotes

For U.S. residents only.