3 / 5 Stars
4 4 3 3 4
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 17.28 percent over the past year, 8.74 percent over the past three years, 18.95 percent over the past five years, and 6.96 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.1%|
|3 Years (Annualized)||8.7%|
|5 Years (Annualized)||19.0%|
|10 Years (Annualized)||7.0%|
The investment seeks current income and capital appreciation; its secondary objective is conservation of capital. The fund invests mainly in convertible securities of U.S. companies. Convertible securities combine the investment characteristics of bonds and common stocks. Convertible securities include bonds, preferred stocks and other instruments that can be converted into or exchanged for common stock or equivalent value. A significant portion of the convertible securities are below-investment-grade. The convertible bonds usually have intermediate- to long-term stated maturities (three years or longer).
Fees are High compared to funds in the same category.
Putnam Convertible Securities Fund has an expense ratio of 1.08 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.