Franklin Convertible Securities Fund (FISCX)
The investment seeks to maximize total return, consistent with reasonable risk, by seeking to optimize capital appreciation and high current income under varying market conditions. 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.
Fund Info
| ISIN | US3536121045 |
|---|---|
| CUSIP | 353612104 |
| Issuer | Franklin Templeton Investments |
| Inception Date | Apr 14, 1987 |
| Category | Convertible Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
FISCX has a high expense ratio of 0.83%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Convertible Securities Fund had a return of 3.53% year-to-date (YTD) and 11.72% in the last 12 months. Over the past 10 years, Franklin Convertible Securities Fund had an annualized return of 9.87%, while the S&P 500 had an annualized return of 10.97%, indicating that Franklin Convertible Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.53% | 11.29% |
| 1 month | 2.29% | 4.87% |
| 6 months | 11.10% | 17.88% |
| 1 year | 11.72% | 29.16% |
| 5 years (annualized) | 9.86% | 13.20% |
| 10 years (annualized) | 9.87% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FISCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.63% | 1.80% | 2.72% | -3.12% | 3.53% | ||||||||
| 2023 | 5.60% | -2.31% | 0.88% | -1.15% | -1.62% | 3.66% | 2.68% | -2.18% | -2.62% | -3.82% | 5.98% | 5.12% | 9.96% |
| 2022 | -6.91% | -0.65% | 0.06% | -6.01% | -3.47% | -5.25% | 4.92% | 0.97% | -4.78% | 2.87% | 3.57% | -1.69% | -15.95% |
| 2021 | 1.02% | 4.37% | -3.58% | 3.28% | -1.89% | 3.09% | 0.20% | 2.47% | -2.06% | 3.70% | -3.34% | 0.56% | 7.66% |
| 2020 | 2.82% | -3.50% | -12.72% | 12.87% | 11.40% | 5.79% | 6.47% | 3.87% | -1.84% | 1.16% | 10.51% | 4.65% | 46.28% |
| 2019 | 8.26% | 5.30% | -0.07% | 3.29% | -2.24% | 4.53% | 1.28% | -2.52% | -1.31% | 0.23% | 4.29% | 1.20% | 23.92% |
| 2018 | 5.08% | -0.15% | 0.06% | -0.49% | 4.54% | -0.03% | 0.62% | 4.53% | 0.03% | -6.39% | 1.89% | -4.93% | 4.16% |
| 2017 | 4.16% | 1.72% | 0.40% | 1.70% | 1.77% | 0.57% | 2.41% | 0.70% | 1.23% | 1.92% | 0.05% | 0.10% | 17.98% |
| 2016 | -5.66% | 1.53% | 4.05% | 1.17% | 2.54% | 0.64% | 4.60% | 0.37% | -0.29% | -1.57% | -0.05% | 0.56% | 7.76% |
| 2015 | -0.45% | 4.47% | -1.26% | 0.65% | 1.62% | -1.84% | 0.49% | -3.24% | -2.88% | 4.29% | 0.67% | -1.36% | 0.82% |
| 2014 | 0.22% | 4.27% | -1.27% | -0.64% | 1.72% | 3.02% | -2.01% | 2.26% | -3.27% | 1.07% | 0.95% | -1.81% | 4.31% |
| 2013 | 4.47% | -0.32% | 1.89% | 1.25% | 3.56% | -2.40% | 4.71% | -0.53% | 3.55% | 1.71% | 1.01% | 2.40% | 23.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FISCX is 41, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FISCX (Franklin Convertible Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Convertible Securities Fund (FISCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Convertible Securities Fund granted a 2.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $1.68 | $5.46 | $3.20 | $1.87 | $1.35 | $1.50 | $0.82 | $0.81 | $1.02 | $0.49 |
Dividend yield | 2.13% | 2.22% | 8.70% | 21.93% | 11.30% | 8.62% | 7.09% | 7.68% | 4.62% | 4.68% | 5.65% | 2.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | |||||||
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.33 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.56 | $1.68 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $5.27 | $5.46 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $2.98 | $3.20 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.69 | $1.87 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.03 | $1.35 |
| 2017 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.21 | $1.50 |
| 2016 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.52 | $0.82 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.56 | $0.81 |
| 2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.82 | $1.02 |
| 2013 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.22 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Convertible Securities Fund was 49.16%, occurring on Nov 20, 2008. Recovery took 488 trading sessions.
The current Franklin Convertible Securities Fund drawdown is 8.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.16% | Jul 16, 2007 | 343 | Nov 20, 2008 | 488 | Oct 29, 2010 | 831 |
| -30.83% | Jan 31, 2001 | 421 | Oct 9, 2002 | 251 | Oct 9, 2003 | 672 |
| -25.8% | Oct 8, 1997 | 262 | Oct 8, 1998 | 315 | Dec 23, 1999 | 577 |
| -25.5% | Feb 20, 2020 | 20 | Mar 18, 2020 | 49 | May 28, 2020 | 69 |
| -25.07% | Nov 17, 2021 | 146 | Jun 16, 2022 | — | — | — |
Volatility
Volatility Chart
The current Franklin Convertible Securities Fund volatility is 2.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.