Franklin Rising Dividends C Fund (FRDTX) a Zacks Rank #2 (Buy) was incepted in January 1987 and is managed by Franklin Advisory Services. The objective of FRDTX is long-term capital appreciation. FRDTX invests at least 80% of net assets in equity securities of financially sound companies that have paid consistently rising dividends, and that have increased dividends at least 100% over the last 10 years. FRDTX does not necessarily focus on companies whose securities pay a high dividend rate but rather on companies that consistently increase their dividends.
This Large Value product, as of the last filing, allocates their fund in four major groups; Large Value, Intermediate Bond, Large Growth and Small Value. Further, as of the last filing, Roper Industries Inc (NYSE:ROP), Honeywell Intl Inc and Microsoft Corp (NASDAQ:MSFT) were the top holdings for FRDTX.
The Franklin Rising Dividends C fund, managed by Franklin/Temp, carries an expense ratio of 1.67%. Moreover, FRDTX requires a minimal initial investment of $1,000.
FRDTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.74% and 5 year 9.63%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FRDTX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 49% over the past 3 years, and in the 51% over the past 5 years.
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Zacks Investment Research