3 / 5 Stars
5 5 2 4 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 18 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 26.17 percent over the past year, 10.63 percent over the past three years, 19.85 percent over the past five years, and 9.84 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||6.1%|
|3 Years (Annualized)||10.6%|
|5 Years (Annualized)||19.8%|
|10 Years (Annualized)||9.8%|
The investment seeks maximum total return, consisting of capital appreciation and current income. The fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in convertible securities, which include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids. It may invest in securities of any size market capitalization or credit quality, and may from time to time invest a significant amount of its assets in securities of smaller companies. The fund also invests up to 20% of net assets in nonconvertible debt securities.
Fees are Low compared to funds in the same category.
AllianzGI Convertible Fund has an expense ratio of 0.96 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.