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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 19.30  /  0.21 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.580%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Convertibles
  • Investment Style Large Value
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 0.09%
  • Turnover 7%

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:14 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 Process and People 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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FROTX

More FROTX Holdings
  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 0
  • Other Holdings 73
  • % Assets in Top 10 Holdings 23.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin IFT Money Market

3.50
88,736,206
Cash and Equivalents

Neurocrine Biosciences Inc 2.25%

2.60
66,006,250
Corporate

Ivanhoe Mines Ltd. 2.5%

2.55
64,543,519
Corporate

Centerpoint Energy Inc 4.25%

2.52
63,797,500
Corporate

Liberty Broadband Corporation 3.125%

2.44
61,808,275
Corporate

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

2.35
59,656,400
Financial Services

Hubspot Inc 0.375%

2.31
58,668,750
Corporate

Etsy Inc 0.125%

2.27
57,567,419
Corporate

Lyft Inc 1.5%

2.21
55,937,000
Corporate

Cloudflare Inc 0%

2.19
55,508,700
Corporate