Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. Long-term growth of capital.
Strategy. The fund invests primarily in equity securities that, in the portfolio managers opinion, offer the potential for capital growth. The portfolio managers follow a value discipline in selecting securities, and therefore seek to purchase securities at large discounts to the portfolio managers assessment of the issuers intrinsic value. Intrinsic value, according to the portfolio managers, is the value of the company measured, to different extents depending on the type of company, on factors such as, but not limited to, the discounted value of its projected future free cash flows, the companys ability to earn returns on capital in excess of its cost of capital, private market values of similar companies and the costs to replicate the business. The portfolio managers … The fund invests primarily in equity securities that, in the portfolio managers opinion, offer the potential for capital growth. The portfolio managers follow a value discipline in selecting securities, and therefore seek to purchase securities at large discounts to the portfolio managers assessment of the issuers intrinsic value. Intrinsic value, according to the portfolio managers, is the value of the company measured, to different extents depending on the type of company, on factors such as, but not limited to, the discounted value of its projected future free cash flows, the companys ability to earn returns on capital in excess of its cost of capital, private market values of similar companies and the costs to replicate the business. The portfolio managers take a long-term approach to investing. The fund generally invests in companies with market capitalizations greater than $5 billion, but may invest in companies of any size. The fund may invest in foreign securities, including securities of emerging market issuers.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ALPHABET INC CL A | — | $238.58M | 5.72% |
| BANK OF AMERICA CORPORATION | — | $144.34M | 3.46% |
| MICRON TECHNOLOGY INC | — | $129.29M | 3.10% |
| JOHNSON&JOHNSON | — | $126.42M | 3.03% |
| AMAZON.COM INC | — | $116.63M | 2.80% |
| CHEVRON CORP | — | $115.99M | 2.78% |
| CONOCOPHILLIPS | — | $103.77M | 2.49% |
| UNITEDHEALTH GRP | — | $92.62M | 2.22% |
| CVS HEALTH CORP | — | $89.54M | 2.15% |
| WALT DISNEY CO/T | — | $86.11M | 2.06% |
Portfolio moves
Jan 30, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VY(R) INVESCO GROWTH AND INCOME PORTFOLIO · IVGAX, IVGIX, IVGSX, IVITX | 28% | 0.61% |
| Invesco V.I. Growth and Income Fund | 27% | 0.75% |
| ClearBridge Large Cap Value Fund · SINAX, SINOX, SAIFX, LCBVX, LMLSX, LCLIX | 27% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| FRANKLIN TEMPLETON FUND ADVISER, LLC | Adviser |
| Western Asset Management Company, LLC | Sub-adviser |
| ClearBridge Investments, LLC | Sub-adviser |
Footnotes
- Expense ratio as of February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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