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Trending ETFs

Franklin Convertible Securities Fund

mutual fund
FISCX
Dividend policy
Active
Price as of:
$29.3 -0.74 0%
primary theme
Convertible Bond
share class
A (FISCX) Primary C (FROTX) Adv (FCSZX) Retirement (FCSKX)
FISCX (Mutual Fund)

Franklin Convertible Securities Fund

Dividend policy
Active
Price as of:
$29.3 -0.74 0%
primary theme
Convertible Bond
share class
A (FISCX) Primary C (FROTX) Adv (FCSZX) Retirement (FCSKX)
FISCX (Mutual Fund)
Franklin Convertible Securities Fund
Dividend policy
Active
Price as of:
$29.3 -0.74 0%
primary theme
Convertible Bond
share class
A (FISCX) Primary C (FROTX) Adv (FCSZX) Retirement (FCSKX)

FISCX - Snapshot

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 23.8%
  • 5 Yr Annualized Return 21.4%
  • Net Assets $5.11 B
  • Holdings in Top 10 20.4%

52 WEEK LOW AND HIGH

$30.04
$17.02
$31.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.83%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 30, 2018
  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Theme Convertible Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Convertibles

Compare FISCX to Popular Convertible Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Franklin Convertible Securities Fund

Fund

$29.30

-2.46%

$5.11 B

0.91%

$0.27

blocked
blocked
blocked

3.53%

0.85%

Virtus AllianzGI Convertible Fund

Fund

$44.87

-3.01%

$3.02 B

0.71%

$0.33

blocked
blocked
blocked

3.94%

0.71%

Columbia Convertible Securities Fund

Fund

$30.70

-2.39%

$2.69 B

1.40%

$0.44

blocked
blocked
blocked

2.20%

1.17%

Fidelity® Convertible Securities Fund

Fund

$41.97

-2.24%

$2.27 B

2.70%

$1.16

blocked
blocked
blocked

4.98%

0.63%

MainStay MacKay Convertible Fund

Fund

$23.20

-1.99%

$1.96 B

0.16%

$0.04

blocked
blocked
blocked

1.80%

1.91%

Compare FISCX to Popular Convertible Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

SPDR® Bloomberg Barclays Convertible Securities ETF

CWB | ETF

$85.83

-2.21%

$7.18 B

2.30%

$2.02

blocked
blocked
blocked

0.77%

0.40%

First Trust SSI Strategic Convertible Securities ETF

FCVT | ETF

$51.79

-2.38%

$326.50 M

0.90%

$0.48

blocked
blocked
blocked

2.39%

0.95%

FISCX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 21.5%
  • 5 Yr Annualized Total Return 20.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Franklin Convertible Securities Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Apr 15, 1987
  • Shares Outstanding
    51555913
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alan 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.

FISCX - Performance

Return Ranking - Trailing

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -2.6% 5.0% 28.57%
1 Yr 55.4% 8.6% 71.3% 44.71%
3 Yr 23.8%* 5.5% 28.0% 37.80%
5 Yr 21.4%* 9.0% 24.5% 33.33%
10 Yr 12.9%* 5.9% 13.6% 21.13%

* Annualized

Return Ranking - Calendar

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
2020 30.7% -4.1% 54.0% 40.00%
2019 13.9% 4.5% 24.4% 80.00%
2018 -2.5% -15.4% -2.5% 3.90%
2017 9.4% -7.8% 15.4% 51.32%
2016 2.9% 0.4% 14.2% 59.46%

Total Return Ranking - Trailing

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -2.6% 5.8% 32.14%
1 Yr 46.9% 8.6% 71.3% 57.65%
3 Yr 21.5%* 5.5% 28.0% 51.22%
5 Yr 20.1%* 8.2% 24.5% 37.04%
10 Yr 12.3%* 5.8% 13.6% 35.21%

* Annualized

Total Return Ranking - Calendar

Period FISCX Return Category Return Low Category Return High Rank in Category (%)
2020 30.7% -4.1% 54.0% 40.00%
2019 13.9% 4.5% 24.4% 80.00%
2018 4.2% -15.4% 4.5% 2.60%
2017 18.0% 1.8% 18.4% 3.95%
2016 7.8% 0.4% 16.5% 45.95%

NAV & Total Return History

FISCX - Holdings

Concentration Analysis

FISCX Category Low Category High FISCX % Rank
Net Assets 5.11 B 2.87 M 7.18 B 2.33%
Number of Holdings 99 44 375 70.93%
Net Assets in Top 10 1.04 B -12 M 1.11 B 2.33%
Weighting of Top 10 20.35% 9.8% 79.1% 53.49%

Top 10 Holdings

  1. Zendesk Inc 0.62% 2.32%
  2. Pinduoduo Inc 0% 2.19%
  3. Okta Incorporation 0.12% 2.16%
  4. Okta Incorporation 0.12% 2.13%
  5. Franklin IFT Money Market 2.12%
  6. Etsy Inc 0.12% 2.08%
  7. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.04%
  8. Hubspot Inc 0.38% 1.99%
  9. Docusign Inc 0.5% 1.98%
  10. Wix.com Limited 0% 1.98%

Asset Allocation

Weighting Return Low Return High FISCX % Rank
Convertible Bonds 		77.83% 3.48% 115.14% 70.93%
Preferred Stocks 		12.25% 0.00% 21.62% 19.77%
Stocks 		7.83% 0.00% 30.60% 29.07%
Cash 		2.09% -0.13% 4.42% 44.19%
Other 		0.00% -18.86% 7.56% 29.07%
Bonds 		0.00% -24.80% 51.48% 36.05%

Stock Sector Breakdown

Weighting Return Low Return High FISCX % Rank
Utilities 		80.80% 0.00% 100.00% 10.26%
Basic Materials 		12.51% 0.00% 19.52% 3.85%
Healthcare 		6.06% 0.00% 71.24% 62.82%
Technology 		0.63% 0.00% 23.50% 43.59%
Real Estate 		0.00% 0.00% 22.98% 6.41%
Industrials 		0.00% 0.00% 61.05% 75.64%
Financial Services 		0.00% 0.00% 96.48% 28.21%
Energy 		0.00% 0.00% 72.75% 28.21%
Communication Services 		0.00% 0.00% 15.03% 26.92%
Consumer Defense 		0.00% 0.00% 7.14% 11.54%
Consumer Cyclical 		0.00% 0.00% 100.00% 15.38%

Stock Geographic Breakdown

Weighting Return Low Return High FISCX % Rank
US 		7.83% 0.00% 30.38% 29.07%
Non US 		0.00% 0.00% 2.70% 19.77%

FISCX - Expenses

Operational Fees

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.07% 8.22% 75.00%
Management Fee 0.46% 0.20% 1.42% 11.76%
12b-1 Fee 0.25% 0.00% 1.00% 26.42%
Administrative Fee 0.15% 0.04% 0.15% 80.00%

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 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.

FISCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.83% 5.00% 242.00% 4.71%

FISCX - Distributions

Dividend Yield Analysis

FISCX Category Low Category High FISCX % Rank
Dividend Yield 0.00% 0.00% 0.81% 9.30%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FISCX Category Low Category High FISCX % Rank
Net Income Ratio 0.97% -1.36% 9.48% 60.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FISCX - Fund Manager Analysis

Managers

Alan Muschott

Start Date

Tenure

Tenure Rank

Jul 01, 2002

18.68

18.7%

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

5.0

5.0%

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
0.03 35.72 9.74 6.17

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