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Trending ETFs

FRANKLIN CONVERTIBLE SECURITIES FUND

mutual fund
FISCX
Payout Change
Pending
Price as of:
$21.42 +0.1 +0.47%
primary theme
Convertible Bond
FISCX (Mutual Fund)

FRANKLIN CONVERTIBLE SECURITIES FUND

Payout Change
Pending
Price as of:
$21.42 +0.1 +0.47%
primary theme
Convertible Bond
FISCX (Mutual Fund)

FRANKLIN CONVERTIBLE SECURITIES FUND

Payout Change
Pending
Price as of:
$21.42 +0.1 +0.47%
primary theme
Convertible Bond

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.42

$2.67 B

0.83%

$0.18

0.83%

Vitals

YTD Return

3.6%

1 yr return

11.7%

3 Yr Avg Return

0.5%

5 Yr Avg Return

10.5%

Net Assets

$2.67 B

Holdings in Top 10

24.9%

52 WEEK LOW AND HIGH

$21.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.83%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 32.67%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.42

$2.67 B

0.83%

$0.18

0.83%

FISCX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.64%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FRANKLIN CONVERTIBLE SECURITIES FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    56719955
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alan Muschott

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets in convertible securities (and common stock received upon conversion of convertible securities). A convertible security is generally a debt security or preferred stock that may be converted within a specified period of time into common stock of the same or a different issuer. By investing in convertible securities, the Fund seeks the opportunity to participate in the capital appreciation of underlying stocks, while at the same time relying on the fixed income aspect of the convertible securities to provide current income and reduced price volatility, which can limit the risk of loss in a down equity market.

A convertible security shares features of both equity and debt securities. Like an equity security, the value of a convertible security tends to increase as the price of the underlying stock goes up, and to decrease as the price of the underlying stock goes down. Like a debt security, a convertible security provides a fixed income stream and also tends to increase in value when interest rates fall and decrease in value when interest rates rise.

When choosing convertible securities for this Fund, the investment manager attempts to maintain a balance in the portfolio between the equity and debt characteristics of convertible securities with an emphasis on the equity features. The investment manager also considers the company’s long-term earnings, asset value and cash flow potential. Some of the convertible securities in which the Fund may invest have been structured to provide enhanced yield, increased equity exposure, or enhanced downside protection. These securities, generally referred to

as enhanced convertible securities, typically provide a benefit to the issuer in exchange for the enhanced features, such as a conversion premium that is paid by the Fund. The Fund may invest in convertible securities of companies of any capitalization size, but generally seeks to make its portfolio representative of the entire convertible securities market.

Convertible securities generally fall within the lower-rated categories as determined by securities rating agencies. Therefore, the Fund may invest up to 100% of its assets in securities that are rated below investment grade. The Fund may invest up to 20% of its net assets in other securities, such as common or preferred stocks. The Fund currently intends to limit its investments in foreign securities to 25% or less of its total assets.

While the Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors such as technology and healthcare.

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FISCX - Performance

Return Ranking - Trailing

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -3.1% 4.5% 24.39%
1 Yr 11.7% -9.4% 14.9% 56.10%
3 Yr 0.5%* -16.9% 1.5% 18.52%
5 Yr 10.5%* -6.2% 12.2% 18.18%
10 Yr 9.8%* -0.9% 10.0% 3.28%

* Annualized

Return Ranking - Calendar

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -7.7% 13.1% 36.90%
2022 -22.5% -37.8% -9.7% 62.65%
2021 -12.1% -18.9% 2.4% 49.40%
2020 30.7% 5.8% 54.0% 39.24%
2019 13.9% 9.9% 24.4% 81.01%

Total Return Ranking - Trailing

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -3.1% 4.5% 24.39%
1 Yr 11.7% -9.4% 14.9% 56.10%
3 Yr 0.5%* -16.9% 1.5% 18.52%
5 Yr 10.5%* -6.2% 12.2% 18.18%
10 Yr 9.8%* -0.9% 10.0% 3.28%

* Annualized

Total Return Ranking - Calendar

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -7.7% 15.3% 36.90%
2022 -15.9% -37.8% -9.7% 38.55%
2021 7.4% -12.2% 11.3% 24.10%
2020 46.2% 5.8% 64.4% 37.97%
2019 23.9% 12.2% 28.7% 51.90%

NAV & Total Return History


FISCX - Holdings

Concentration Analysis

FISCX Category Low Category High FISCX % Rank
Net Assets 2.67 B 20.2 M 4.43 B 3.49%
Number of Holdings 77 40 381 72.09%
Net Assets in Top 10 632 M 4.58 M 632 M 2.33%
Weighting of Top 10 24.94% 9.5% 50.5% 40.70%

Top 10 Holdings

  1. Institutional Fiduciary Trust - Money Market Portfolio 3.50%
  2. Neurocrine Biosciences, Inc. 2.60%
  3. Ivanhoe Mines Ltd. 2.55%
  4. CenterPoint Energy, Inc. 2.52%
  5. Liberty Broadband Corp. 2.44%
  6. Apollo Global Management, Inc. 2.35%
  7. HubSpot, Inc. 2.31%
  8. Etsy, Inc. 2.27%
  9. Lyft, Inc. 2.21%
  10. Cloudflare, Inc. 2.19%

Asset Allocation

Weighting Return Low Return High FISCX % Rank
Bonds
87.22% 0.00% 141.12% 68.60%
Convertible Bonds
77.33% 33.22% 110.54% 55.81%
Preferred Stocks
5.19% 0.00% 22.50% 44.19%
Stocks
4.29% 0.00% 23.09% 22.09%
Cash
3.50% -78.94% 18.48% 46.51%
Other
0.00% -17.11% 0.97% 34.88%

Stock Sector Breakdown

Weighting Return Low Return High FISCX % Rank
Utilities
70.70% 0.00% 100.00% 45.45%
Consumer Defense
15.09% 0.00% 25.78% 7.79%
Healthcare
14.21% 0.00% 20.31% 11.69%
Technology
0.00% 0.00% 23.73% 50.65%
Real Estate
0.00% 0.00% 27.87% 40.26%
Industrials
0.00% 0.00% 23.08% 61.04%
Financial Services
0.00% 0.00% 20.48% 51.95%
Energy
0.00% 0.00% 40.56% 48.05%
Communication Services
0.00% 0.00% 100.00% 35.06%
Consumer Cyclical
0.00% 0.00% 24.79% 48.05%
Basic Materials
0.00% 0.00% 24.08% 41.56%

Stock Geographic Breakdown

Weighting Return Low Return High FISCX % Rank
US
4.29% 0.00% 22.42% 22.09%
Non US
0.00% 0.00% 1.55% 31.40%

Bond Sector Breakdown

Weighting Return Low Return High FISCX % Rank
Corporate
98.13% 91.11% 100.00% 41.86%
Cash & Equivalents
3.50% 0.00% 18.32% 40.70%
Derivative
0.00% -0.03% 0.94% 19.77%
Securitized
0.00% 0.00% 0.00% 25.58%
Municipal
0.00% 0.00% 0.00% 25.58%
Government
0.00% 0.00% 2.94% 31.40%

Bond Geographic Breakdown

Weighting Return Low Return High FISCX % Rank
US
87.22% 0.00% 141.12% 52.33%
Non US
0.00% 0.00% 18.83% 44.19%

FISCX - Expenses

Operational Fees

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.20% 3.16% 77.91%
Management Fee 0.46% 0.20% 1.23% 4.71%
12b-1 Fee 0.25% 0.00% 1.00% 33.33%
Administrative Fee 0.15% 0.04% 0.15% 86.67%

Sales Fees

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.25% 5.75% 31.25%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.67% 30.00% 154.00% 3.95%

FISCX - Distributions

Dividend Yield Analysis

FISCX Category Low Category High FISCX % Rank
Dividend Yield 0.83% 0.00% 13.84% 45.35%

Dividend Distribution Analysis

FISCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

FISCX Category Low Category High FISCX % Rank
Net Income Ratio 0.64% -3.72% 10.32% 40.00%

Capital Gain Distribution Analysis

FISCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

FISCX - Fund Manager Analysis

Managers

Alan Muschott


Start Date

Tenure

Tenure Rank

Jul 01, 2002

19.93

19.9%

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

6.25

6.3%

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
0.25 36.97 10.12 7.42