Franklin Convertible Securities Fund Advisor Class (FCSZX)
| Fund Assets | 2.97B |
| Expense Ratio | 0.57% |
| Min. Investment | $1,000 |
| Turnover | 30.12% |
| Dividend (ttm) | 2.41 |
| Dividend Yield | 10.49% |
| Dividend Growth | 126.35% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 20, 2026 |
| Previous Close | 22.96 |
| YTD Return | -3.12% |
| 1-Year Return | 12.96% |
| 5-Year Return | 5.49% |
| 52-Week Low | 20.88 |
| 52-Week High | 26.20 |
| Beta (5Y) | n/a |
| Holdings | 79 |
| Inception Date | May 15, 2008 |
About FCSZX
Franklin Convertible Securities Fund Advisor Class is a mutual fund designed to maximize total return while maintaining reasonable risk levels. Its primary focus is on convertible securities, which are hybrid instruments—typically bonds or preferred stocks—that can be converted into common stock. The fund allocates at least 80% of its net assets to these convertible securities and may hold up to 100% of assets in securities rated below investment grade, offering exposure to both equity and fixed income markets. In addition to convertibles, the fund may invest up to 20% in other securities, including common and preferred stocks or non-convertible debt instruments. Franklin Convertible Securities Fund Advisor Class is notable for its quarterly dividend payments and its role as a diversified tool for investors seeking a blend of capital appreciation and current income. The fund’s flexibility in credit quality and asset mix enables it to participate in different market cycles and sectors, making it significant within the convertible bond segment. It is managed by Franklin Templeton Investments and is often compared with benchmarks such as the ICE BofA Convertibles Total Return Alternatives Index.
Performance
FCSZX had a total return of 12.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.21%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.55% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.19% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.71% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.68% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.94% |
Top 10 Holdings
23.21% of assets| Name | Symbol | Weight |
|---|---|---|
| Welltower OP LLC 3.125% | WELL.3.125 07.15.29 | 2.63% |
| Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St | ALB.7.25 03.01.27 | 2.55% |
| Bridgebio Pharma Inc 1.75% | BBIO.1.75 03.01.31 | 2.44% |
| MACOM Technology Solutions Holdings Inc. 0% | MTSI.0 12.15.29 | 2.44% |
| MKS Inc. 1.25% | MKSI.1.25 06.01.30 | 2.35% |
| QXO Inc 5.50% PRF CONVERT 15/05/2028 USD 50 - Dep Rep 1/20th Ser B | QXO.5.5 05.15.28 | 2.25% |
| Burlington Stores Inc. 1.25% | BURL.1.25 12.15.27 | 2.24% |
| PTC Therapeutics, Inc. 1.5% | PTCT.1.5 09.15.26 | 2.20% |
| Centerpoint Energy Inc 4.25% | CNP.4.25 08.15.26 | 2.09% |
| Hewlett Packard Enterprise Co 7.625% PRF CONVERT 01/09/2027 USD 50 - Ser C | HPE.7.625 09.01.27 | 2.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 20, 2026 | $0.0788 | Mar 20, 2026 |
| Dec 22, 2025 | $2.1234 | Dec 22, 2025 |
| Sep 22, 2025 | $0.1045 | Sep 22, 2025 |
| Jun 20, 2025 | $0.1021 | Jun 20, 2025 |
| Mar 20, 2025 | $0.0948 | Mar 20, 2025 |
| Dec 20, 2024 | $0.8084 | Dec 20, 2024 |