F.I.S.T. Convertible Securities Fund Class A
FISCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway San Mateo CA United States of America 94403-1906
- IPO Date
- Apr 15, 1987
- CIK
- 0000809707
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Convertible Securities Fund Class A (FISCX) seeks to maximize total return, consistent with reasonable risk, through capital appreciation and high current income by investing at least 80% of its net assets in convertible securities, including debt securities and preferred stocks convertible into common stocks, as well as common stock received upon conversion; it may allocate up to 20% to common or preferred stocks and non-convertible debt securities, with potential exposure up to 100% in below-investment-grade convertibles but no more than 10% in non-convertible debt rated below B. The fund, part of Franklin Investors Securities Trust #1 and managed by Franklin Equity Group within Franklin Templeton, emphasizes broad diversification across sectors such as information technology (23.16%), health care (17.16%), and consumer discretionary (15.05%), targeting U.S.-focused issuers while monitoring global convertible bond opportunities. Launched with its share class inception on April 15, 1987, the fund is headquartered in San Mateo, California, and distributes quarterly income with capital gains in December. Recent portfolio positioning reflects strong performance in consumer discretionary, materials, information technology, and health care sectors during 2025's third quarter, where U.S. and global convertible bonds advanced 9.1% amid equity-sensitive gains; year-to-date through October 31, 2025, global convertibles returned 18.5%, outperforming non-convertible debt. Asset allocation as of October 31, 2025, comprises 97.79% convertibles, 0.45% equity, 0.18% fixed income, and 1.58% cash equivalents, with key metrics including an effective duration of 0.86 years, gamma of 0.39, and a portfolio of 66 issuers totaling $3.03 billion in net assets. Franklin Templeton, the fund's sponsor, underwent a senior leadership restructuring in early 2025, appointing co-presidents Daniel Gamba, Terrence Murphy, and Matthew Nicholls while CEO Jenny Johnson stepped aside from the president role to focus on strategic expansion into private markets, including private credit, equity, and infrastructure managing $260 billion; this supports broader operational enhancements without direct impact on FISCX management. The experienced team, led by Alan Muschott since 2002 and Eric Webster since 2016, continues to leverage Silicon Valley insights for fundamental research across market caps. No fund-specific acquisitions, name changes, or reorganizations occurred in the last 1-2 years.