Invesco Convertible Securities Fund (CNSDX)

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Invesco Convertible Securities Fund (CNSDX) is up 24.1% since the beginning of the year. CNSDX is currently trading at $31 per share. Investors who bought $1,000 worth of CNSDX shares 5 years ago would now be looking at an investment worth $1,496.

Invesco Convertible Securities Fund (CNSDX) has returned 24.06% so far this year and 39.17% over the past 12 months. Over the last ten years, CNSDX has returned 11.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 28, 1997, CNSDX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Feb 2000 with a return of +12.7%, while the worst month was Oct 2008 at -18.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CNSDX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +4.7%, while the worst single day was Mar 16, 2020 at -6.1%.

Invesco Convertible Securities Fund has an annualized alpha of 4.35%, beta of 0.47, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since July 28, 1997.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (66.30%) than losses (59.99%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 4.35% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.47 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

CNSDX has an expense ratio of 0.68%, placing it in the medium range.

CNSDX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Invesco Convertible Securities Fund provided a 9.49% dividend yield over the last twelve months, with an annual payout of $2.91 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Invesco Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Convertible Securities Fund was 39.33%, occurring on Nov 21, 2008. Recovery took 280 trading sessions.

The chart below shows the rolling one-month volatility.