- ISIN
- US00888W7002
- Issuer
- Invesco
- Inception Date
- Jul 27, 1997
- Category
- Convertible Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CNSDX Performance Chart
Invesco Convertible Securities Fund (CNSDX) is up 14.6% since the beginning of the year. CNSDX is currently trading at $28 per share. Investors who bought $1,000 worth of CNSDX shares 5 years ago would now be looking at an investment worth $1,360.
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Returns By Period
Invesco Convertible Securities Fund (CNSDX) has returned 14.61% so far this year and 23.05% over the past 12 months. Over the last ten years, CNSDX has returned 10.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco Convertible Securities Fund
- 1D
- 2.96%
- 1M
- -3.26%
- 6M
- 8.67%
- YTD
- 14.61%
- 1Y
- 23.05%
- 3Y*
- 14.50%
- 5Y*
- 6.35%
- 10Y*
- 10.55%
- ALL TIME*
- 7.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CNSDX Monthly Returns History
Based on dividend-adjusted daily data since Jul 28, 1997, CNSDX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.47% | 0.53% | -3.43% | 11.07% | 6.01% | 1.09% | -5.97% | 14.61% | |||||
| 2025 | 2.55% | -2.16% | -3.27% | 1.17% | 3.39% | 5.36% | 2.78% | 1.35% | 3.79% | 3.66% | -2.32% | -0.72% | 16.24% |
| 2024 | -1.02% | 0.67% | 2.03% | -3.34% | 2.00% | 1.27% | 1.77% | 1.74% | 2.11% | 0.00% | 6.61% | -3.92% | 9.95% |
| 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% | -2.97% | 0.80% | 4.69% |
Benchmark Metrics
Invesco Convertible Securities Fund has an annualized alpha of 4.06%, beta of 0.48, and R2 of 0.64 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 (61.38%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.06% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.48 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.06%
- Beta
- 0.48
- R²
- 0.64
- Upside Capture
- 66.30%
- Downside Capture
- 61.38%
Expense Ratio
CNSDX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNSDX ranks 41 for risk / return — above 41% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNSDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.00 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.22 | 8.49 | -1.27 |
Dividends
Dividend History
Invesco Convertible Securities Fund provided a 10.25% dividend yield over the last twelve months, with an annual payout of $2.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.89 | $2.93 | $0.83 | $0.33 | $0.84 | $7.37 | $3.50 | $1.28 | $2.71 | $1.12 | $0.86 | $0.62 |
Dividend yield | 10.25% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.31 | |||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.40 | $2.93 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.42 | $0.83 |
| 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 |
Drawdowns
Drawdowns Chart
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.
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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 39.33%, occurring on Nov 21, 2008. Recovery took 280 trading sessions.
The current Invesco Convertible Securities Fund drawdown is 7.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.33%Nov 2008 | 1y 21d | 1y 1mo | 2y 2moNov 2007 - Jan 2010 | Financial crisis2007–2009 |
-27.07%Oct 2002 | 2y 7mo | 1y 3mo | 3y 10moMar 2000 - Jan 2004 | Dot-com crash2000–2002 |
-24.19%Mar 2020 | 1mo 2d | 2mo 11d | 3mo 13dFeb 2020 - Jun 2020 | COVID crash2020 |
-23.61%Jun 2022 | 1y 4mo | 3y 9d | 4y 4moFeb 2021 - Jun 2025 | Bear market2022 |
-22.98%Oct 1998 | 5mo | 9mo 1d | 1y 1moMay 1998 - Jul 1999 | — |
Drawdown Indicators
| CNSDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -56.78% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.10% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -18.90% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -25.43% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -24.19% | -33.92% | +9.73% |
Current DrawdownCurrent decline from peak | -7.61% | -1.58% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -10.70% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.14% | +0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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