Fund Facts  

Inception Date: Jul 28, 1997
CUSIP: 00888W403
Ticker Symbol: CNSAX
Morningstar Category:Convertibles
As of Sep 30, 2018
Fund Net Assets ($millions) $1,327

Documents for Fund or Underlying Fund(s)  



The investment seeks total return through growth of capital and current income.

Principal Investment Strategies  

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in convertible securities, and in derivatives and other instruments that have economic characteristics similar to such securities. It may invest in below-investment-grade securities. The fund may invest up to 10% of its net assets in synthetic convertible securities and up to 25% of its net assets in exchangeable convertible securities.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Sep 30, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Invesco Convertible Securitiesa5.08%10.60%12.67%9.05%6.32%9.40%6.84%
ICE BofAML All Convertibles All Qualities Indexa,b3.93%10.43%12.15%11.83%9.31%11.00%N/A
Morningstar Convertiblesa,c2.89%7.54%9.60%9.62%7.21%8.83%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit

Fund Expensesa
Gross Expenses0.93%
Net Expenses0.93%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Intercontinental Exchange Bank of America Merrill Lynch ("ICE BofAML") All Convertibles All Qualities Index is an unmanaged index that measures convertible securities′ performance. It measures the performance of U.S. dollar-denominated convertible securities not currently in bankruptcy with a total market value greater than $50 million at issuance.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 13, 2018Sep 13, 2018$0.126800000
Jun 21, 2018Jun 21, 2018$0.162800000
Mar 22, 2018Mar 22, 2018$0.189400000
Dec 13, 2017Dec 13, 2017$0.283400000
Sep 14, 2017Sep 14, 2017$0.258000000
Jun 15, 2017Jun 15, 2017$0.258300000
Mar 16, 2017Mar 16, 2017$0.258200000
Dec 13, 2016Dec 13, 2016$0.268400000
Sep 13, 2016Sep 13, 2016$0.216800000
Jun 16, 2016Jun 16, 2016$0.171000000
Mar 17, 2016Mar 17, 2016$0.151700000
Dec 11, 2015Dec 11, 2015$0.140800000
Sep 17, 2015Sep 17, 2015$0.140300000
Jun 18, 2015Jun 18, 2015$0.139700000
Mar 19, 2015Mar 19, 2015$0.140600000
Dec 12, 2014Dec 12, 2014$0.868800000
Sep 18, 2014Sep 18, 2014$0.121600000
Jun 19, 2014Jun 19, 2014$0.122200000

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2018
Period Stars Category Size
Overall 4 Stars85
3-Year 3 Stars85
5-Year 3 Stars64
10-Year 4 Stars43

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Jun 30, 2018
Type of Asset Percent
Fixed Income90%

Due to rounding, percentages shown may not add up to 100%.



Allocation of Assets As of Jun 30, 2018
Asset ClassPercent
Domestic Stock4.6%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%

Due to rounding, percentages shown may not add up to 100%.

Top Ten Holdings As of Jun 30, 2018
Holding NamePercent
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-1.8%
Becton Dickinson1.8%
Bank of America Corporation 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-1.8%
Micron Technology Inc. 3%1.7%
Servicenow Inc 0%1.6%
Square Inc 0.38%1.6%
ON Semiconductor Corp. 1%1.5%
Mandatory Exchangeable Trust1.4%
Neurocrine Biosciences Inc 2.25%1.4%
Booking Holdings Inc 0.35%1.2%


Portfolio Statistics As of Sep 30, 2018
Standard Deviation6.296.60



Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing, or visiting

The source for this information is Morningstar, Inc. Copyright © 2018 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.