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Franklin Convertible Securities Fund
mutual fund
FCSZX
Dividend policy
Active
Price as of:
$29.28
-0.26
0%
primary theme
Convertible Bond
share class
FCSZX (Mutual Fund)
Franklin Convertible Securities Fund
Dividend policy
Active
Price as of:
$29.28
-0.26
0%
primary theme
Convertible Bond
share class
FCSZX (Mutual Fund)
Franklin Convertible Securities Fund
Dividend policy
Active
Price as of:
$29.28
-0.26
0%
primary theme
Convertible Bond
share class
FCSZX - Snapshot
Vitals
- YTD Return 3.5%
- 3 Yr Annualized Return 22.6%
- 5 Yr Annualized Return 19.9%
- Net Assets $5.1 B
- Holdings in Top 10 20.3%
52 WEEK LOW AND HIGH
$29.54
$20.64
$31.10
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.58%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 32.46%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
Closed to new investors as of Aug 30, 2018
- Standard (Taxable) $100,000
- IRA N/A
Fund Classification
- Primary Theme Convertible Bond
- Fund Type Open End Mutual Fund
- Investment Style Convertibles
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$29.27
-0.91%
$5.10 B
0.98%
$0.29
blocked
blocked
blocked
3.43%
0.83%
$43.99
-1.17%
$2.91 B
0.79%
$0.35
blocked
blocked
blocked
1.90%
0.71%
$30.95
-1.09%
$2.62 B
1.24%
$0.39
blocked
blocked
blocked
3.03%
1.17%
$41.90
-1.13%
$2.21 B
2.69%
$1.14
blocked
blocked
blocked
4.80%
0.63%
$19.31
-1.13%
$1.76 B
0.78%
$0.15
blocked
blocked
blocked
0.99%
0.86%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$83.98
-1.11%
$6.59 B
2.25%
$1.91
blocked
blocked
blocked
2.60%
0.40%
$50.61
-1.22%
$281.92 M
0.94%
$0.48
blocked
blocked
blocked
4.76%
0.95%
FCSZX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 22.6%
- 5 Yr Annualized Total Return 19.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFranklin Convertible Securities Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateMay 15, 2008
-
Shares Outstanding110967856
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAlan Muschott
Fund Description
The fund normally invests at least 80% of its net assets in convertible securities. It may invest up to 100% of its assets in securities that are rated below investment grade; however, the fund will not invest more than 10% of its assets in non-convertible debt securities rated below B. It may invest up to 20% of its net assets in other securities, such as common or preferred stocks and non-convertible debt securities.
FCSZX - Performance
Return Ranking - Trailing
| Period | FCSZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -1.6% | 7.7% | 21.18% |
| 1 Yr | 72.0% | 34.8% | 86.7% | 37.21% |
| 3 Yr | 22.6%* | 5.7% | 25.8% | 33.73% |
| 5 Yr | 19.9%* | 7.9% | 22.0% | 29.27% |
| 10 Yr | 12.6%* | 5.7% | 12.9% | 5.56% |
* Annualized
Return Ranking - Calendar
| Period | FCSZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 30.7% | -4.1% | 54.0% | 39.51% |
| 2019 | 13.9% | 4.5% | 24.4% | 80.25% |
| 2018 | -2.5% | -15.4% | -2.5% | 2.56% |
| 2017 | 9.4% | -7.8% | 15.4% | 50.00% |
| 2016 | 2.9% | 0.4% | 14.2% | 62.16% |
Total Return Ranking - Trailing
| Period | FCSZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -1.6% | 7.7% | 18.82% |
| 1 Yr | 72.0% | 30.7% | 86.7% | 33.72% |
| 3 Yr | 22.6%* | 5.7% | 25.8% | 32.53% |
| 5 Yr | 19.9%* | 7.7% | 22.0% | 26.83% |
| 10 Yr | 12.6%* | 5.7% | 12.9% | 5.56% |
* Annualized
Total Return Ranking - Calendar
| Period | FCSZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 30.7% | -4.1% | 54.0% | 39.51% |
| 2019 | 13.9% | 4.5% | 24.4% | 80.25% |
| 2018 | 4.5% | -15.4% | 4.5% | 1.28% |
| 2017 | 18.3% | 1.8% | 18.4% | 2.63% |
| 2016 | 8.0% | 0.4% | 16.5% | 44.59% |
NAV & Total Return History
FCSZX - Holdings
Concentration Analysis
| FCSZX | Category Low | Category High | FCSZX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.1 B | 15.6 M | 6.59 B | 4.60% |
| Number of Holdings | 101 | 42 | 367 | 73.56% |
| Net Assets in Top 10 | 1.03 B | -17.5 M | 1.03 B | 3.45% |
| Weighting of Top 10 | 20.31% | 9.4% | 83.2% | 37.93% |
Top 10 Holdings
- Hubspot Inc 0.38% 2.30%
- Zendesk Inc 0.62% 2.18%
- Okta Incorporation 0.12% 2.13%
- Lyft Inc 1.5% 2.12%
- Etsy Inc 0.12% 2.06%
- Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.06%
- Docusign Inc 0.5% 1.98%
- Wix.com Limited 0% 1.98%
- Axa SA 7.25% 1.98%
- Twilio Inc 0.25% 1.95%
Asset Allocation
| Weighting | Return Low | Return High | FCSZX % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 78.50% | 3.48% | 116.38% | 67.82% |
| Preferred Stocks | 11.44% | 0.00% | 18.99% | 21.84% |
| Stocks | 7.08% | 0.00% | 30.60% | 31.03% |
| Cash | 2.98% | 0.00% | 9.92% | 28.74% |
| Other | 0.00% | -16.33% | 7.56% | 58.62% |
| Bonds | 0.00% | -27.01% | 51.48% | 65.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FCSZX % Rank | |
|---|---|---|---|---|
| Utilities | 77.57% | 0.00% | 100.00% | 15.19% |
| Basic Materials | 16.21% | 0.00% | 16.21% | 3.80% |
| Healthcare | 6.22% | 0.00% | 29.83% | 58.23% |
| Technology | 0.00% | 0.00% | 23.82% | 72.15% |
| Real Estate | 0.00% | 0.00% | 22.98% | 54.43% |
| Industrials | 0.00% | 0.00% | 61.32% | 92.41% |
| Financial Services | 0.00% | 0.00% | 96.48% | 64.56% |
| Energy | 0.00% | 0.00% | 80.75% | 69.62% |
| Communication Services | 0.00% | 0.00% | 15.03% | 55.70% |
| Consumer Defense | 0.00% | 0.00% | 7.14% | 53.16% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 56.96% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FCSZX % Rank | |
|---|---|---|---|---|
| US | 7.08% | 0.00% | 30.38% | 31.03% |
| Non US | 0.00% | 0.00% | 2.74% | 60.92% |
FCSZX - Expenses
Operational Fees
| FCSZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.07% | 3.98% | 92.94% |
| Management Fee | 0.46% | 0.20% | 1.33% | 13.95% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.04% | 0.15% | 93.33% |
Sales Fees
| FCSZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FCSZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FCSZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.46% | 32.46% | 242.00% | 3.49% |
FCSZX - Distributions
Dividend Yield Analysis
| FCSZX | Category Low | Category High | FCSZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.79% | 56.32% |
Dividend Distribution Analysis
| FCSZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| FCSZX | Category Low | Category High | FCSZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.20% | -14.00% | 9.48% | 42.35% |
Capital Gain Distribution Analysis
| FCSZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 19, 2019 | $0.053 |
| Sep 19, 2018 | $0.131 |
| Jun 19, 2018 | $0.130 |
| Mar 19, 2018 | $0.092 |
| Sep 19, 2017 | $0.110 |
| Jun 19, 2017 | $0.123 |
| Mar 17, 2017 | $0.084 |
| Sep 19, 2016 | $0.146 |
| Jun 17, 2016 | $0.085 |
| Mar 17, 2016 | $0.098 |
| Sep 17, 2015 | $0.151 |
| Jun 17, 2015 | $0.086 |
| Mar 18, 2015 | $0.043 |
| Sep 17, 2014 | $0.078 |
| Jun 18, 2014 | $0.092 |
| Mar 19, 2014 | $0.057 |
| Sep 18, 2013 | $0.114 |
| Jun 19, 2013 | $0.116 |
| Mar 19, 2013 | $0.077 |
| Dec 19, 2012 | $0.207 |
| Sep 19, 2012 | $0.145 |
| Jun 19, 2012 | $0.159 |
| Mar 19, 2012 | $0.092 |
| Dec 19, 2011 | $0.156 |
| Sep 19, 2011 | $0.133 |
| Jun 17, 2011 | $0.162 |
| Mar 17, 2011 | $0.080 |
| Dec 31, 2010 | $0.017 |
| Dec 17, 2010 | $0.183 |
| Sep 17, 2010 | $0.070 |
| Jun 17, 2010 | $0.164 |
| Mar 17, 2010 | $0.112 |
| Dec 17, 2009 | $0.207 |
| Sep 17, 2009 | $0.170 |
| Jun 17, 2009 | $0.138 |
| Mar 18, 2009 | $0.100 |
| Dec 17, 2008 | $0.205 |
| Sep 17, 2008 | $0.443 |
| Jun 17, 2008 | $0.088 |
FCSZX - Fund Manager Analysis
Managers
Alan Muschott
Start Date
Tenure
Tenure Rank
Jul 01, 2002
18.76
18.8%
Mr. Muschott is a vice president of Franklin Advisers, Inc. He has been with Franklin Templeton Investments since 1998. Mr. Muschott holds the Chartered Financial Analyst designation.
Eric Webster
Start Date
Tenure
Tenure Rank
Mar 01, 2016
5.08
5.1%
Eric Webster is a research analyst for Franklin Equity Group. Mr. Webster specializes in research of the housing industry, with coverage responsibilities of companies within the home building, building products, and construction materials industries as well as the Government Sponsored Enterprises (GSEs). In addition, Mr. Webster also covers waste & environmental services companies. Prior to joining Franklin Templeton Investments in 2012, Mr. Webster previously worked as an associate at LitiNomics and Charles River Associates International, where he performed economic damages and valuation analysis for clients involved in class-action securities fraud litigation, merger disputes, and intellectual property infringement cases. Mr. Webster earned a B.S. in physics and B.A. in economics from the University of California at San Diego, an M.B.A. in analytic finance and economics from the University of Chicago Booth School of Business, and is a Chartered Financial Analyst (CFA) charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.8 | 9.78 | 6.25 |
