Invesco Convertible Securities Fund (CNSDX)
The investment seeks total return through growth of capital and current income. 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.
Fund Info
| ISIN | US00888W7002 |
|---|---|
| Issuer | Invesco |
| Inception Date | Jul 27, 1997 |
| Category | Convertible Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
CNSDX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Convertible Securities Fund had a return of -0.21% year-to-date (YTD) and 6.91% in the last 12 months. Over the past 10 years, Invesco Convertible Securities Fund had an annualized return of 6.68%, while the S&P 500 had an annualized return of 10.67%, indicating that Invesco Convertible Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.21% | 9.49% |
| 1 month | -0.49% | 1.20% |
| 6 months | 8.10% | 18.29% |
| 1 year | 6.91% | 26.44% |
| 5 years (annualized) | 8.23% | 12.64% |
| 10 years (annualized) | 6.68% | 10.67% |
Monthly Returns
The table below presents the monthly returns of CNSDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.02% | 0.67% | 2.03% | -3.34% | -0.21% | ||||||||
| 2023 | 3.03% | -1.98% | 0.69% | -0.61% | -0.61% | 3.57% | 1.47% | -2.30% | -2.29% | -3.18% | 5.94% | 4.66% | 8.18% |
| 2022 | -5.97% | -0.86% | 1.02% | -6.31% | -0.87% | -6.68% | 6.07% | -0.00% | -6.02% | 3.62% | 2.94% | -2.66% | -15.51% |
| 2021 | 1.28% | 3.12% | -4.09% | 2.76% | -1.68% | 2.00% | -0.21% | 1.89% | -1.53% | 3.57% | -2.98% | 0.80% | 4.69% |
| 2020 | 2.88% | -3.74% | -10.35% | 10.78% | 8.03% | 3.35% | 7.30% | 5.03% | -1.51% | 0.37% | 11.14% | 6.41% | 44.68% |
| 2019 | 7.42% | 3.00% | 0.35% | 2.91% | -2.26% | 4.12% | 2.27% | -1.50% | -1.28% | 1.27% | 2.46% | 1.48% | 21.75% |
| 2018 | 3.15% | -0.79% | 0.24% | -0.72% | 3.77% | -0.30% | 0.24% | 4.09% | 0.73% | -6.60% | -0.20% | -4.66% | -1.60% |
| 2017 | 1.82% | 1.27% | 0.61% | 0.72% | -0.29% | 1.32% | 1.47% | 0.62% | 0.76% | 1.61% | 0.61% | -0.28% | 10.68% |
| 2016 | -5.30% | -0.37% | 3.68% | 1.91% | 0.98% | -0.33% | 4.02% | 0.56% | 0.83% | -2.01% | 1.49% | 0.79% | 6.07% |
| 2015 | -0.88% | 3.00% | -0.18% | 0.29% | 2.31% | -1.60% | 0.74% | -3.76% | -2.94% | 2.07% | 0.52% | -2.13% | -2.78% |
| 2014 | 0.54% | 4.11% | -0.95% | -0.64% | 1.53% | 2.26% | -2.03% | 2.39% | -3.26% | 0.97% | 0.36% | -0.92% | 4.22% |
| 2013 | 4.02% | 0.14% | 2.62% | 1.35% | 3.11% | -2.25% | 4.48% | -1.15% | 3.35% | 1.25% | 1.28% | 1.70% | 21.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CNSDX is 25, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
CNSDX (Invesco Convertible Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Convertible Securities Fund granted a 1.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.33 | $0.84 | $7.37 | $3.50 | $1.39 | $2.71 | $1.12 | $0.86 | $0.62 | $1.30 | $1.16 |
Dividend yield | 1.70% | 1.46% | 3.97% | 28.36% | 10.96% | 5.62% | 12.65% | 4.57% | 3.74% | 2.74% | 5.44% | 4.78% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | |||||||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.67 | $0.84 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $7.12 | $7.37 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $3.18 | $3.50 |
| 2019 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.08 | $1.39 |
| 2018 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $2.18 | $2.71 |
| 2017 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.30 | $1.12 |
| 2016 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.86 |
| 2015 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.62 |
| 2014 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.88 | $1.30 |
| 2013 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.72 | $1.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 39.27%, occurring on Nov 21, 2008. Recovery took 283 trading sessions.
The current Invesco Convertible Securities Fund drawdown is 13.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.27% | Oct 15, 2007 | 280 | Nov 21, 2008 | 283 | Jan 8, 2010 | 563 |
| -27.04% | Mar 13, 2000 | 644 | Oct 9, 2002 | 314 | Jan 9, 2004 | 958 |
| -24.19% | Feb 20, 2020 | 23 | Mar 23, 2020 | 49 | Jun 2, 2020 | 72 |
| -23.61% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -22.98% | May 11, 1998 | 109 | Oct 8, 1998 | 193 | Jul 6, 1999 | 302 |
Volatility
Volatility Chart
The current Invesco Convertible Securities Fund volatility is 2.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.