About CNSAX
The Invesco Convertible Securities Fund Class A is an actively managed mutual fund focused on convertible securities—financial instruments that combine features of both bonds and stocks. The fund’s primary objective is to deliver total return through a balanced approach of capital growth and current income. To achieve this, it invests at least 80% of its net assets in convertible securities, such as convertible bonds and convertible preferred stocks, which provide investors with the opportunity to participate in equity market upside while maintaining the downside resilience of fixed income instruments.
This fund is diversified across a broad array of industries, with notable allocations in sectors like application software, electric utilities, diversified banks, aerospace & defense, and biotechnology. It may also hold common stocks, non-convertible preferred stock, traditional fixed-income securities, and a small portion of foreign securities. The portfolio may include below-investment-grade instruments, which can enhance return potential but may also increase risk.
In the financial marketplace, the fund serves investors seeking exposure to equity markets with lower volatility than traditional stock investments, offering a mix of income generation and long-term capital appreciation. Its strategy and diversified holdings position it as a versatile option in the hybrid securities category.
Fund Family Invesco
Category Convertibles
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol CNSAX
Share Class Class A
Index ICE BofA All Convertibles/Qlt TR
CNSAX had a total return of 6.33% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.41%.
