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Franklin Convertible Securities Fund

Fund Category: HybridGo to Prices & Performance page
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Symbol FISCX
CUSIP 353 612 104
Fund Number 137
Inception Date1 Apr 15, 1987
Distributions Quarterly
Total Net Assets
(all share classes)
As of 10/31/2015

As of  11/25/2015

NAV2 $18.17  
NAV Change $0.06  
POP3 $19.28  
YTD Total Return at NAV 2.48%
Distribution Rate at NAV 2.14%
30-day Standardized Yield4 w/ Waiver w/o Waiver
As of 10/31/2015
(updated monthly)
1.98% 1.98%

Average Annual Total Returns
As of Quarter End 09/30/2015

w/ Sales Charge w/o Sales Charge
1 Yr -8.08% -2.45%
5 Yrs 6.81% 8.09%
10 Yrs 5.25% 5.88%
Life 8.72% 8.94%

Expense Ratio and Sales Charge As of 03/01/2015 (updated annually)

Gross Expense Ratio5 0.88%
Net Expense Ratio 0.88%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

Strategy Statement
Portfolio Managers
Alan Muschott
"We believe convertible securities are attractive because they offer the growth potential of stocks with the potential for high current income and less downside risk generally offered by bonds."

Strategy, Benefits, Results


  • Identify Imbalances in Price. We seek to identify quality companies selling at inexpensive prices relative to their intrinsic values.
  • Find the Upside Potential. We typically look for "balanced" convertible securities that we believe offer an attractive risk/reward profile.
  • Rely on Sound Analysis. We assess individual issuers and security terms on a case-by-case basis, utilizing the equity and credit analyses produced by our experienced team.


  • Allows investors to participate in the upside potential of the underlying common stock with potentially less downside risk due to its fixed-income characteristics.
  • Experienced management team with over 36 years of combined industry experience.
  • Broad diversification spread across multiple industries.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • The fund’s portfolio includes a substantial portion of higher yielding, lower-rated corporate bonds, which carry a greater degree of credit risk relative to investment-grade securities.
  • Interest-rate movements may affect the fund’s share price and yield.
  • Bond prices generally move in the opposite direction of interest rates, thus the fund’s share price may decline as the prices of bonds adjust to a rise in interest rates.
  • The fund may invest in foreign securities, which involve special risks including political uncertainty and currency volatility.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

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Important Legal Information


For US residents only.