Fact sheet: Franklin Gl Cnvtl Secrts

Fund information
Fund name
Franklin Global Convertible Securities A Acc USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Eric Webstersince 01/03/2016
  • Alan Muschottsince 24/02/2012
  • Matthew Quinlansince 24/02/2012
Fund objective
The Fund seeks to maximise total return, consistent with prudent investment management, by seeking to optimize capital appreciation and current income under varying market conditions. The Fund invests primarily in convertible securities (including low-rated, non- investment grade securities and/or securities in default) of corporate issuers globally. The Fund may also invest in other securities, such as common or preferred stocks and non-convertible debt securities (including low-rated, noninvestment grade securities and/or securities in default).
Benchmark
  • Thomson Reuters Global Convertible Bond Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
7.8%
1 Year rank in sector
3/71
Sector
FO Convertible
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.59%
Fund size
£79m (£127m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
83
Top in this sector
Fund name1 Year
Man Convertibles Am9.9%
Franklin Gl Cnvtl Secrts7.8%
CQS Global Convertible UCITS7.3%
HAM Gbl Convtbl Bd6.8%
Calamos Gbl Convtl Opps6%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA66.8%
    China8%
    Germany7.2%
    Netherlands4.7%
    Mexico4.4%
  • Information Technology34.7%
    Health Care18.5%
    Consumer Discretionary18.1%
    Financials7.7%
    Telecommunications Utilities5.3%
  • Convertibles99.1%
    Cash & Cash Equivalents0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%7.1%7.4%7.8%6.5%-
Sector0.3%4.1%2.9%1.7%8.5%30.3%
Rank within sector74 / 745 / 743 / 743 / 7141 / 62-
Quartile4th1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.4%-2.2%-2%17.4%-
Sector0.1%2.9%2.3%11.7%10.9%
Rank within sector3 / 7366 / 6861 / 623 / 56-
Quartile1st4th4th1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.56
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.25
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.03
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.48
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.5
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.04
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.75
Price movement
52 week high12.22
52 week low10.19
Current bid price-
Current offer price-
Current mid price12.02
Region
1USA66.8%
2China8.04%
3Germany7.15%
4Netherlands4.69%
5Mexico4.35%
6South Africa2.41%
7Israel2.35%
8Sweden2.16%
9United Arab Emirates1.01%
Industry sector
1Information Technology34.71%
2Health Care18.51%
3Consumer Discretionary18.13%
4Financials7.72%
5Telecommunications Utilities5.33%
6Materials4.56%
7Utilities4.29%
8Industrials3.2%
9Consumer Staples1.47%
Asset type
1Convertibles99.11%
2Cash & Cash Equivalents0.89%
Individual holdings
1PROOFPOINT INC2.88%
2TRULIA INC2.73%
3NETSUITE INC2.63%
4ADIDAS AG2.6%
5BIOMARIN PHARMACEUTICAL2.58%
6GRAND CITY PROPERTIES SA2.5%
7INTEL CORP2.48%
8VIPSHOP HLDGS LTD2.43%
9LIBERTY MEDIA CORP DEL2.42%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund seeks to maximise total return, consistent with prudent investment management, by seeking to optimize capital appreciation and current income under varying market conditions. The Fund invests primarily in convertible securities (including low-rated, non- investment grade securities and/or securities in default) of corporate issuers globally. The Fund may also invest in other securities, such as common or preferred stocks and non-convertible debt securities (including low-rated, noninvestment grade securities and/or securities in default).
Benchmark
  • Thomson Reuters Global Convertible Bond Index
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Eric Webster01/03/2016Eric Webster is a research analyst for Franklin Equity Group. Mr. Webster specializes in research of the housing industry, with coverage responsibilities of companies within the home building, building products, and construction materials industries as well as the Government Sponsored Enterprises (GSEs). In addition, Mr. Webster also covers waste & environmental services companies. Prior to joining Franklin Templeton Investments in 2012, Mr. Webster previously worked as an associate at LitiNomics and Charles River Associates International, where he performed economic damages and valuation analysis for clients involved in class-action securities fraud litigation, merger disputes, and intellectual property infringement cases. Mr. Webster earned a B.S. in physics and B.A. in economics from the University of California at San Diego, an M.B.A. in analytic finance and economics from the University of Chicago Booth School of Business, and is a Chartered Financial Analyst (CFA) charterholder.
Alan Muschott24/02/2012Alan Muschott is a vice president and portfolio manager with Franklin Equity Group. Mr. Muschott is the lead portfolio manager of the Franklin Convertible Securities Fund and co-lead for Franklin Equity Income Fund and Franklin Templeton Variable Insurance Products (FTVIP) Growth and Income Fund. He is also a co-manager of the Franklin Balanced Fund. Mr. Muschott joined Franklin Templeton in August 1998 and prior to that his portfolio management responsibilities included serving as a co-manager of Franklin's communications funds including the Franklin Global Communications Fund, FTVIPT Global Communications Fund, and the Franklin World Telecom Fund. Mr. Muschott's prior equity research responsibilities included the analysis of the data storage industry, the cable television industry, and the global telecommunications industry. Mr. Muschott's prior corporate debt credit research responsibilities included the analysis of the global telecommunications industry. Mr. Muschott holds a B.S. in finance from Bradley University, a J.D. from the University of Illinois, and an M.B.A. from the University of California, Los Angeles. Mr. Muschott is a Chartered Financial Analyst (CFA) Charterholder, a member of the Association for Investment Management and Research, and the Security Analysts of San Francisco (SASF).
Matthew Quinlan24/02/2012Matt Quinlan is a vice president, research analyst and portfolio manager for Franklin Equity Group. He is a co-manager of the Franklin Convertible Securities Fund as well as the Franklin Equity Income Fund. Mr. Quinlan has research responsibilities for companies in the retail and consumer products sectors and analyzes debt and equity investments for the Core/Hybrid team. Prior to joining Franklin Templeton in 2005, Mr. Quinlan worked in investment banking at Citigroup where he covered the retail and consumer products industries as well as private equity firms. Mr. Quinlan holds a B.A. in history from UCLA and an M.B.A. in finance and strategy from The Anderson School at UCLA.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Ireland, Italy, Jersey, Lithuania, Luxembourg, Latvia, Macau, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden
Franklin Global Convertible Securities A Acc EUR
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price14.41
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRU
Franklin Global Convertible Securities A Acc HKD
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price12.02
CurrencyHKD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRW
Franklin Global Convertible Securities A Acc USD
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price12.02
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRT
Franklin Global Convertible Securities A H1 Acc CHF
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price11.52
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WS2
Franklin Global Convertible Securities A H1 Acc EUR
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price11.73
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WS1
Franklin Global Convertible Securities A H1 YDis EUR
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price11.45
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0WS3
Franklin Global Convertible Securities A YDis EUR
Initial charge5.75%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price14.04
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0WRV
Franklin Global Convertible Securities I Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price14.9
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WRY
Franklin Global Convertible Securities I Acc USD
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price12.41
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WRX
Franklin Global Convertible Securities I H1 Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price10.16
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN2P
Franklin Global Convertible Securities N Acc EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price13.93
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WS0
Franklin Global Convertible Securities N Acc USD
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price11.61
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WRZ
Data provided by

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