3 / 5 Stars
5 5 2 5 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 17 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 18.19 percent over the past year, 9.37 percent over the past three years, 18.83 percent over the past five years, and 7.65 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||9.4%|
|5 Years (Annualized)||18.8%|
|10 Years (Annualized)||7.6%|
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 securities rated below B or in unrated securities of comparable quality. It may invest up to 20% of its net assets in other securities, such as common or preferred stocks and non-convertible debt securities.
Fees are High compared to funds in the same category.
Franklin Convertible Securities Fund has an expense ratio of 0.88 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.