Home Entrepreneur Here are the Top Ten convertible mutual funds

Here are the Top Ten convertible mutual funds


Investing in mixed securities is one of the best ways to profit and reduce portfolio risk. In mixed securities, convertible funds are the most popular among investors. Such funds give investors the benefit of investing in stocks with the security of the bonds. These convertible funds usually invest in convertible bonds […]

April 6, 2021

4 minutes of reading

This story originally appeared on ValueWalk

Investing in mixed securities is one of the best ways to profit and reduce portfolio risk. In mixed securities, convertible funds are the most popular among investors. Such funds give investors the benefit of investing in stocks with the security of the bonds. These convertible funds are usually invest Convertible bonds and convertible preference shares come with an option to convert them into ordinary shares. If you are interested in investing in such securities, here are the top ten convertible mutual funds.

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Top ten convertible mutual funds

We used data from United States News in the past year to create this top ten convertible mutual funds list.

  1. MainStay MacKay Conversion Fund (MCOAX, 35%)

MCOAX seeks an increase in COGS and current earnings. Under normal market conditions, the fund invests up to 80% of its net worth convertible securities. It has a net cost ratio of 0.96%. MCOAX has earned 16.29% over the past three years, 16.61% over the past five years and 10.47% over the last decade.

  1. Calamos Global Transformation Fund (CAGCX, 36%)

CAGCX’s goal is to maximize total profit through current and earnings price increase. It invests in the convertible securities of US and foreign companies, regardless of their market cap. This fund has a net expense ratio of 1.33%. CAGCX has returned 14.52% over the past three years and 14.03% in the past five years.

  1. Invesco Convertible Securities Fund (CNSAX, 42%)

CNSAX seeks total return through a combination of capital growth and current income. Under normal market conditions, the fund invests up to 80% of its net assets in convertible securities, including up to 10% in synthetic securities and up to 25% in convertible securities. This fund has a net expense ratio of 0.09%. CNSAX has returned 19.14% over the past three years, 16.57% over the past five years, and 10.27% over the past decade.

  1. Putnam Convertible Securities Fund (PCONX, 43%)

PCONX’s primary goal is current income and capital gains, while its sub-goal is capital preservation. It mainly invests in convertible securities issued by US companies. This fund has a net expense ratio of 1.04%. PCONX has earned 19.83% over the past three years, 18.81% over the past five years, and 11.08% over the past decade. It has total assets of $ 1.03 billion.

  1. Franklin Convertible Securities Fund (FISCX, 44%)

FISCX seeks to maximize total return by optimizing capital values ​​and present earnings. It invests at least 80% of its net worth in convertible securities. However, it will not invest more than 10% of its assets in convertible debt securities is rated below B. This fund has a net expense ratio of 0.83%. FISCX has earned 21.99% over the past three years, 20.78% over the past five years and 12.77% over the past decade.

  1. Honest Convertible Securities Fund (FACVX, 44%)

FACVX’s goal is to earn a higher gross return through existing income and increasing COGS. In normal times, the fund invests up to 80% of its net assets in convertible securities. This fund has a net expense ratio of 0.92%. FACVX has earned 21.22% over the past three years, 18.22% over the past five years, and 10.40% over the past decade. It has a total net worth of $ 2.15 billion.

  1. Calamos Transformation Fund (CCVIX, 46%)

This fund seeks current income, while its sub-target is growth. CCVIX invests up to 80% of its net assets in convertible securities, including 5% to 15% in foreign securities. This fund has a net expense ratio of 1.13%. CCVIX has returned 20.34% in the past three years, 18.12% in the past five years and 10% in the last decade.

  1. Columbia Convertible Securities Fund (PACIX, 49%)

In normal times, PACIX invests at least 80% of its net assets in convertible securities. Furthermore, the fund can invest up to 15% in Eurodollar convertible securities and up to 20% in foreign securities. This fund has a net expense ratio of 1.12%. PACIX has returned 22.60% over the past three years, 21.51% over the past five years and 12.62% over the past decade.

  1. Virtus AllianzGI Convertible Fd (ANZAX, 56%)

This fund seeks to maximize total returns through cost and cost increases Current income level. ANZAX invests at least 80% of its net assets in convertible securities. This fund has a net expense ratio of 0.96%. ANZAX has earned 25.91% over the past three years, 21.80% over the past five years and 13.27% over the last decade. It has a total net worth of $ 2.99 billion.

  1. Lord Abbett Transformation Fund (LACFX, 63%)

This fund seeks current income and giving opportunities capital Appreciation to generate higher returns for investors. LACFX invests at least 80% of its net assets in convertible securities of US and non-US companies. This fund has a net expense ratio of 1.06%. LACFX has returned 25.42% over the past three years, 23.31% over the past five years and 12.55% over the past decade.

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