4 / 5 Stars
3 4 3 5 1
Zacks Investment Research
5 (Strong Sell)
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 18.71 percent over the past year, 8.12 percent over the past three years, 17.58 percent over the past five years, and 7.89 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||4.1%|
|3 Years (Annualized)||8.1%|
|5 Years (Annualized)||17.6%|
|10 Years (Annualized)||7.9%|
The investment seeks to provide current income and long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its assets in U.S. and foreign convertible securities, which are hybrid securities that combine the investment characteristics of bonds and common stocks. Convertible securities include corporate bonds and preferred stocks that are convertible into common stock, as well as debt securities with warrants or common stock attached. Many convertible securities have credit ratings that are below investment grade.
Fees are Low compared to funds in the same category.
Vanguard Convertible Securities Fund has an expense ratio of 0.63 percent.
Risk is Average compared to funds in the same category according to Morningstar.