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Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

To maximize income to support monthly distributions, while maintaining the prospects for capital appreciation.Under normal market conditions, the Fund invests in a diversified portfolio of stocks (substantially dividend paying) and debt securities. The Fund normally invests at least 25% of its total assets in debt securities, including bonds, notes, debentures and money market securities. In addition, the Fund normally invests at least 25% of its total assets in equity securities, primarily common and preferred stock. To the extent that the value of convertible and preferred securities can be attributed to their debt characteristics, they will be treated as debt securities for purposes of this investment policy. The Fund seeks income by investing in a combination of corporate, agency and government bonds issued in the United States and other countries, as well as common stocks of companies in any market capitalization range and convertible securities. The Fund seeks capital appreciation by investing in equity securities and convertible securities of companies from a variety of industries. The Fund generally invests in investment grade debt securities. The Fund may invest in debt securities of any duration. The Fund does not currently anticipate investing more than 25% of its total assets in securities of issuers domiciled outside the United States. The Fund also may invest in equity-linked notes, which are hybrid derivative-type instruments that are specially designed to combine the characteristics of one or more reference securities (usually a single stock, a stock index or a basket of stocks (underlying securities)) and a related equity derivative, such as a put or call option, in a single note form. The Fund may, from time to time, use for various purposes (i) equity-related derivatives, which may include call and put options on equity securities and equity security indices, futures on equity securities and equity indexes and options on equity index futures, (ii) interest rate derivatives, including interest rate swaps and interest rate/bond futures contracts, (iii) currency derivatives, including forward foreign currency exchange contracts, currency futures contracts, currency swaps and currency options and (iv) credit-related derivatives, such as credit default swaps and options on credit default swaps for various purposes, including enhancing Fund returns, increasing liquidity, gaining exposure to particular instruments or markets in more efficient or less expensive ways and/or hedging risks. The use of such derivative transactions may allow the Fund to obtain net long or net short exposures to selected securities, markets, interest rates, countries, currencies, credits or durations. The investment manager applies a bottom-up approach to investing in individual securities. The investment manager will assess the market price of a companys securities relative to the investment managers evaluation of the companys long-term earnings, asset value and cash flow potential. The investment manager also considers a companys price/earnings ratio, profit margins and liquidation value. In determining an optimal mix of equity and fixed-income investments for the Fund, the investment manager assesses changing economic, market and industry conditions.

Net Asset Value

as of 5:45 PM ET 06/10/2011

Performance

  • 1 Week
  • -1.50%
  • 1 Month
  • -1.58%
  • 3 Months
  • -4.09%
  • 1 Yr Return
  • +3.55%
  • 5 Yr Return
  • n/a

Equity Sector Breakdown

Finance 11.89%
Technology 10.34%
Utilities 8.74%
Health 7.90%
IndustrialCyclical 6.06%
NonDurables 5.56%
Energy 3.73%
RetailTrade 1.95%
Services 0.43%
ConsumerDurables n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 46.21%
Convertible 9.71%
Other 2.85%
ForeignStocks 2.17%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 256.00 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.10 -1.90 -1.41
Beta 0.54 0.52 0.55
R Squared 0.88 0.86 0.85
Std Deviation 10.12 8.58 7.79
Sharpe Ratio 1.14 0.83 n/a

Purchase Information

as of 5:50 PM ET 06/09/2011
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +14.29%
  • +14.29%
+14.29% +14.29%
3 Year
  • +11.86%
  • +11.86%
+11.86% +11.86%
10 Year
  • +7.70%
  • +7.70%
+7.70% +7.70%
Life Of Fund
  • +6.19%
  • +6.19%
+6.19% +6.19%

Top 10 Holdings

Symbol Company Name % Of Assets
USBD TOTAL*US GOVT BONDS 3.96%
CPBD TOTAL*CORPORATE BONDS 22.37%
CASH TOTAL*MONEY MARKET 2.81%
TXN TEXAS INSTRUMENTS INC 2.31%
BAC BANK OF AMERICA CORPORATION 2.28%
PG PROCTER & GAMBLE CO 2.04%
OTHEQ TOTAL*OTHER EQUITIES 11.33%
HON HONEYWELL INTL INC 1.56%
NEE NEXTERA ENERGY INC 1.56%
JPM JPMORGAN CHASE & CO 1.42%

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