3 / 5 Stars
4 4 2 4 2
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 19.38 percent over the past year, 8.13 percent over the past three years, 16.62 percent over the past five years, and 7.30 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.5%|
|3 Years (Annualized)||8.1%|
|5 Years (Annualized)||16.6%|
|10 Years (Annualized)||7.3%|
The investment seeks capital appreciation together with current income. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in "convertible securities" such as bonds, debentures, corporate notes, and preferred stocks or other securities that are convertible into common stock or the cash value of a stock or a basket or index of equity securities. The balance of the fund may be invested or held in non-convertible debt, equity securities that do not pay regular dividends, U.S. government securities, and cash or cash equivalents.
Fees are High compared to funds in the same category.
MainStay Convertible Fund has an expense ratio of 0.99 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.