Franklin Convertible Securities Fund Q4 2025 Commentary

Franklin Templeton4.63K FollowersFollow5ShareSavePlay(9min)CommentsSummaryOn a global basis, convertible bonds had mixed but overall positive results in 2025's fourth quarter (as measured by ICE BofA indexes in US dollar terms).Seven out of 11 sector allocations contributed to the fund's absolute 4Q25 returns.Health care, information technology, materials and utilities sector holdings foremost.Declines for industrials, financials, consumer discretionary and communication services CBs. dem10/E+ via Getty Images Key Takeaways Convertible Securities Market: On a global basis, convertible bonds (CBs) had mixed but overall positive results in 2025's fourth quarter (as measured by ICE BofA indexes in US dollar terms). Performance within the asset class varied greatly as This article was written byFranklin Templeton4.63K FollowersFollowFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.