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Morningstar

Franklin Convertible Securities C FROTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 20.35  /  +0.74 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.570%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Convertibles
  • Investment Style —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 0.09%
  • Turnover 23%

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FROTX

Will FROTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FROTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FROTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FROTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Franklin Convertible Securities C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FROTX

More FROTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ivanhoe Mines Ltd.

2.67 70.9 Mil
Corporate

Apollo Global Management Inc 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A

2.49 66.3 Mil
Financial Services

Axon Enterprise Inc

2.47 65.6 Mil
Corporate

Centerpoint Energy Inc

2.43 64.5 Mil
Corporate

Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St

2.36 62.7 Mil
Basic Materials

Wayfair Inc

2.34 62.3 Mil
Corporate

Cloudflare Inc

2.34 62.2 Mil
Corporate

Etsy Inc

2.30 61.0 Mil
Corporate

Liberty Broadband Corporation

2.22 59.0 Mil
Corporate

Franklin IFT Money Market

2.19 58.2 Mil
Cash and Equivalents