2 / 5 Stars
1 1 3 1 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 16.60 percent over the past year, 7.17 percent over the past three years, 12.92 percent over the past five years, and 4.23 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.2%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||12.9%|
|10 Years (Annualized)||4.2%|
The investment seeks to provide a high level of current income together with long-term capital appreciation. The fund pursues its investment objective by investing primarily in securities convertible into common stocks, such as convertible bonds, convertible notes, and convertible preferred stocks. Under normal circumstances, it will invest at least 80% of its net assets in investment grade securities convertible into common stock and synthetic convertible securities. The fund may invest a portion of its assets in equity securities of foreign companies traded on U.S. exchanges, including American and Global Depositary Receipts.
Fees are High compared to funds in the same category.
Victory Investment Grade Convertible Fund has an expense ratio of 1.50 percent.
Risk is Low compared to funds in the same category according to Morningstar.