Industry description
The investment seeks to maximize total return, consistent with reasonable risk, by seeking to optimize capital appreciation and high current income under varying market conditions.
The fund normally invests at least 80% of its net assets in convertible securities. It may invest up to 100% of its assets in securities that are rated below investment grade; however, the fund will not invest more than 10% of its assets in non-convertible debt securities rated below B. It may invest up to 20% of its net assets in other securities, such as common or preferred stocks and non-convertible debt securities.
Volume
The average weekly volume growth across all stocks in the Franklin Convertible Securities R6 MF was 8%. For the same stocks of the MF, the average monthly volume growth was -14% and the average quarterly volume growth was 6%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 31
P/E Growth Rating: 37
Price Growth Rating: 60
SMR Rating: 47
Profit Risk Rating: 82
Seasonality Score: -17 (-100 ... +100)