Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, and Putnam Fixed Income Absolute Return Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Income
Convertible Securities Fund (Class Y) (PCGYX)
Offering investors the diverse benefits of convertible securities since 1972
Highlights
Objective
The fund seeks, with equal emphasis, current income and capital appreciation. Its secondary objective is conservation of capital.
Strategy and process
- Balanced profile The fund seeks to achieve an equilibrium balancing much of the upside potential of equities, the lower downside risk of bonds, and an attractive current yield.
- Effective diversification The fund offers diversification potential for investor portfolios: Convertible securities may provide more attractive risk-adjusted returns than stocks and have near zero correlation with aggregate bond strategies.
- Joint venture Uniquely combining both dedicated fixed income and equity expertise to enhance the ability to fully exploit these hybrid securities.
Fund price and assets |
Yesterday’s close | 52-week high | 52-week low | Net assets and outstanding shares |
|---|---|---|---|---|
| Net asset value |
$21.83
0.18% | $0.04 |
$35.30
11/08/21 |
$21.46
05/11/22 |
Download CSV |
Fund facts as of 04/30/22
$787.90M
78%
Quarterly
139
October
746476407 / 1807
12/30/98
Taxable Income
PCGYX
Management team
Literature
Fund documents |
| Prospectuses/SAI |
| Holding the middle ground with convertible securities (PDF) |
| Fact Sheet (R6 share) (PDF) |
| Fact Sheet (YA share) (PDF) |
| Annual Fund Report (PDF) |
| Semiannual Fund Report (PDF) |
| Quarterly commentary (PDF) |
U.S. households and asset prices are at tipping point as Fed lifts rates
In a supply-constrained world, reducing asset prices may be the only way for central banks to bring demand and inflation lower.Bond market swings mirror investor unease
The first quarter was a challenging time for global financial markets.China sets ambitious growth target despite new lockdowns
China boosts fiscal spending to support its growth target in 2022 amid lockdowns in Shanghai and other cities.Performance
Consistency of positive performance over five years
Performance shown above does not reflect the effects of any sales charges. Click on the dots to see specific returns in each five-year period as of the date revealed. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please see below.
23.04%
Best 5-year annualized return
(for period ending 03/31/83)
-3.30%
Worst 5-year annualized return
(for period ending 12/31/08)
10.64%
Average 5-year annualized return
Total return (%) as of 03/31/22
Annual performance as of 03/31/22
Annualized Total return (%) as of 03/31/22
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | -3.33% | 16.49% | 13.43% | 10.82% |
| After sales charge | N/A | N/A | N/A | N/A |
| ICE BofA U.S. Convertible Index | -2.21% | 18.00% | 14.39% | 12.16% |
Performance snapshot
| Before sales charge | After sales charge | ||
|---|---|---|---|
| 1 mt. as of 04/30/22 | -6.63% | - | |
| YTD as of 05/20/22 | -17.36% | - | |
Yield
| Distribution rate before sales charge as of 05/20/22 |
0.88% |
|---|---|
| Distribution rate after sales charge as of 05/20/22 |
0.88% |
| 30-day SEC yield as of 04/30/22 | 1.54% |
Risk-adjusted performance as of 04/30/22
| Alpha (3 yrs.) | -0.41 |
|---|---|
| Sharpe ratio (3 yrs.) | 0.74 |
| Treynor ratio (3 yrs.) | 13.04 |
| Information ratio (3 yrs.) | -0.50 |
Volatility as of 04/30/22
| Standard deviation (3 yrs.) | 16.23% |
|---|---|
| Beta | 0.92 |
| R-squared | 0.97 |
Fixed income statistics as of 04/30/22
| Average effective duration | 1.68 yrs. |
|---|
Capture ratio as of 04/30/22
| Up-market (3 yrs.) | 93.53 |
|---|---|
| Down-market (3 yrs.) | 96.32 |
Lipper rankings as of 04/30/22
| Time period | Rank/Funds in category | Percentile ranking |
|---|---|---|
| 1 yr. | 42/78 | 54% |
| 3 yrs. | 44/73 | 60% |
| 5 yrs. | 39/71 | 55% |
| 10 yrs. | 25/54 | 46% |
Morningstar Ratings™ as of 04/30/22
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 73 | |
| 3 yrs. | 73 | |
| 5 yrs. | 71 | |
| 10 yrs. | 54 |
Distributions
| Record/Ex dividend date | 03/08/22 |
|---|---|
| Payable date | 03/10/22 |
| Income | $0.048 |
| Extra income | -- |
| Short-term cap. gain | -- |
| Long-term cap. gain | -- |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM 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.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Holdings
| Palo Alto Networks | 3.03% |
|---|---|
| Broadcom | 2.92% |
| Pioneer Natural Resources | 2.35% |
| Nextera Energy | 2.06% |
| Liberty Media Corp | 1.98% |
| EQT | 1.98% |
| Southwest Airlines | 1.89% |
| Danaher Corp | 1.70% |
| Ford Motor | 1.57% |
| Bank of America | 1.46% |
| Top 10 holdings, percent of portfolio | 20.94% |
| Top 10 holdings as of 04/30/22 | |
|---|---|
| Palo Alto Networks | |
| Broadcom | |
| Pioneer Natural Resources | |
| Nextera Energy | |
| Liberty Media Corp | |
| EQT | |
| Southwest Airlines | |
| Danaher Corp | |
| Ford Motor | |
| Bank of America | |
| Holdings represent 20.94% of portfolio | |
| Top 10 holdings as of 03/31/22 | |
|---|---|
| Palo Alto Networks | |
| Broadcom | |
| Danaher | |
| Pioneer Natural Resources | |
| Nextera Energy | |
| Liberty Media Corp | |
| Southwest Airlines | |
| Bank of America | |
| Ford Motor | |
| EQT | |
| Holdings represent 21.45% of portfolio | |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| Palo Alto Networks | |
| Broadcom | |
| Pioneer Natural Resources | |
| Danaher Corp | |
| Liberty Media Corp | |
| Nextera Energy | |
| Bank of America | |
| Southwest Airlines | |
| Ford Motor | |
| Bill.com | |
| Holdings represent 20.13% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| Broadcom | |
| Palo Alto Networks | |
| Danaher Corp | |
| Nextera Energy | |
| Pioneer Natural Resources | |
| Liberty Media Corp | |
| Ford Motor | |
| Southwest Airlines | |
| Bank of America | |
| Booking Holdings | |
| Holdings represent 19.68% of portfolio | |
| PALO ALTO NET CV 00.3750 06/01/2025 | 3.03% |
|---|---|
| BROADCOM INC 08.0000 CV PFD | 2.92% |
| PIONEER NAT CV 00.2500 05/15/2025 | 2.35% |
| NEXTERA ENERGY INC 05.2790 CV PFD | 2.06% |
| EQT CORP CV 01.7500 05/01/2026 | 1.98% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.90% |
| DANAHER CORP 05.0000 CV PFD | 1.70% |
| FORD MOTOR CO CV 00.0000 03/15/2026 | 1.57% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.33% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.31% |
| ROYAL CARIBBE CV 02.8750 11/15/2023 | 1.29% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.26% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.22% |
| DTE ENERGY CO 06.2500 CV PFD | 1.00% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 1.00% |
| OKTA INC CV 00.3750 06/15/2026 | 1.00% |
| VAIL RESORTS CV 00.0000 01/01/2026 | 0.97% |
| AIRBNB INC CV 00.0000 03/15/2026 | 0.95% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.94% |
| BILL.COM CV 00.0000 12/01/2025 | 0.94% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.91% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.90% |
| AMERICAN ELECTRIC POWER 06.1250 CV PFD | 0.87% |
| PG&E CORP 05.5000 CV PFD | 0.87% |
| AES CORP/THE 06.8750 CV PFD | 0.86% |
| LIBERTY MEDIA | 0.84% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.84% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.82% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.82% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.81% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.80% |
| BURL STORE CV 02.2500 04/15/2025 | 0.79% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 0.78% |
| SHAKE SHACK I CV 00.0000 03/01/2028 | 0.78% |
| IMAX CORP USD 00.5000 04/01/2026 | 0.78% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 0.78% |
| BROOKDALE SEN P/P 144A CV 02.0000 10/15/2026 | 0.78% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.77% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.77% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.75% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.75% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.74% |
| SHIFT4 PAYMEN CV 00.0000 12/15/2025 | 0.74% |
| BOX INC CV 00.0000 01/15/2026 | 0.74% |
| UNITY SOFT P/P 144A CV 00.0000 11/15/2026 | 0.72% |
| LIB TRIP A P/P 144A CV 00.5000 06/30/2051 | 0.72% |
| RBC BEARINGS INC 05.0000 CV PFD | 0.71% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.71% |
| NCL CORP LTD P/P 144A CV 02.5000 02/15/2027 | 0.71% |
| SABRE CORP 06.5000 CV PFD | 0.70% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.69% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 0.68% |
| INNOVIVA INC CV 02.5000 08/15/2025 | 0.67% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 0.67% |
| SOLAR EDGE TECH USD 00.0000 09/15/2025 | 0.67% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.66% |
| MONGODB INC CV 00.2500 01/15/2026 | 0.65% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.65% |
| SNAP INC CV 00.0000 05/01/2027 | 0.64% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.64% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 0.62% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.62% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.62% |
| BLOCK INC CV 00.2500 11/01/2027 | 0.61% |
| NRG ENERGY CV 02.7500 06/01/2048 | 0.60% |
| TWITTER INC CV 00.0000 03/15/2026 | 0.60% |
| WOLFSPEED INC P/P 144A CV 00.2500 02/15/2028 | 0.60% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.60% |
| EVERBRIDGE IN CV 00.0000 03/15/2026 | 0.60% |
| ENPHASE EN CV 00.0000 03/01/2028 | 0.59% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.59% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.59% |
| HALOZYME THER CV 00.2500 03/01/2027 | 0.59% |
| PATRICK INDUS P/P 144A CV 01.7500 12/01/2028 | 0.58% |
| CLARIVATE PLC 05.2500 CV PFD | 0.58% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.58% |
| TECHTARGET P/P 144A CV 00.0000 12/15/2026 | 0.58% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.57% |
| PERFICIENT IN P/P 144A CV 00.1250 11/15/2026 | 0.56% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 0.55% |
| IMPINJ INC P/P 144A CV 01.1250 05/15/2027 | 0.55% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.55% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.54% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.54% |
| GUARDANT HEAL CV 00.0000 11/15/2027 | 0.54% |
| SOFI TECH INC P/P 144A CV 00.0000 10/15/2026 | 0.54% |
| BIGCOMMERCE H P/P 144A CV 00.2500 10/01/2026 | 0.53% |
| SPOTIFY USA CV 00.0000 03/15/2026 | 0.53% |
| CONFLUENT INC P/P 144A CV 00.0000 01/15/2027 | 0.52% |
| UPWORK INC P/P 144A CV 00.2500 08/15/2026 | 0.52% |
| DRAFTKINGS CV 00.0000 03/15/2028 | 0.52% |
| DISH NETWORK CV 00.0000 12/15/2025 | 0.50% |
| APTIV PLC 05.5000 CV PFD | 0.50% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.50% |
| BEAUTY HEALTH P/P 144A CV 01.2500 10/01/2026 | 0.49% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.49% |
| 3D SYS CORP P/P 144A CV 00.0000 11/15/2026 | 0.49% |
| OMNICELL INC CV 00.2500 09/15/2025 | 0.48% |
| FIVERR INTL LTD USD 00.0000 11/01/2025 | 0.47% |
| BUNGE LTD SEDOL 2788713 | 0.46% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.45% |
| BLOCK INC CV 00.1250 03/01/2025 | 0.45% |
| BECTON DICKINSON AND CO 06.0000 CV PFD | 0.44% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.44% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.43% |
| LYFT INC CV 01.5000 05/15/2025 | 0.43% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.43% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.43% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.42% |
| UBER TECH INC CV 00.0000 12/15/2025 | 0.42% |
| CERIDIAN HCM CV 00.2500 03/15/2026 | 0.41% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.40% |
| DIGITALOCEAN P/P 144A CV 00.0000 12/01/2026 | 0.40% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 0.40% |
| INSMED INC CV 00.7500 06/01/2028 | 0.40% |
| ASCENDIS PHARMA A/S P/P 144A 02.2500 04/01/2028 | 0.39% |
| CABLE ONE INC CV 01.1250 03/15/2028 | 0.39% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.38% |
| MICROCHIP TECHNOLOGY INC SEDOL 2592174 | 0.37% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.37% |
| ANTHEM INC SEDOL BSPHGL4 | 0.36% |
| TESLA INC SEDOL B616C79 | 0.35% |
| FUBOTV INC CV 03.2500 02/15/2026 | 0.34% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.32% |
| SUNRUN INC CV 00.0000 02/01/2026 | 0.32% |
| MICROSTRATEGY CV 00.0000 02/15/2027 | 0.31% |
| SERVICENOW INC SEDOL B80NXX8 | 0.30% |
| UPSTART HOLDI P/P 144A CV 00.2500 08/15/2026 | 0.30% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.28% |
| SNAP INC CV 00.7500 08/01/2026 | 0.24% |
| PENN NATIONAL GAMING INC SEDOL 2682105 | 0.22% |
| AMERICAN CV 03.7500 04/15/2025 | 0.21% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.17% |
| TERADYNE INC SEDOL 2884183 | 0.16% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.03% |
| CHINA MED TECH P/P 144A 06.2500 12/16/2022 | 0.02% |
| ESC GT ADVANCED TECH INC | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| PALO ALTO NET CV 00.3750 06/01/2025 | 3.20% |
|---|---|
| BROADCOM INC 08.0000 CV PFD | 3.03% |
| DANAHER CORP 05.0000 CV PFD | 2.34% |
| PIONEER NAT CV 00.2500 05/15/2025 | 2.32% |
| NEXTERA ENERGY INC 05.2790 CV PFD | 2.10% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.72% |
| FORD MOTOR CO CV 00.0000 03/15/2026 | 1.59% |
| EQT CORP CV 01.7500 05/01/2026 | 1.58% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.26% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.25% |
| ROYAL CARIBBE CV 02.8750 11/15/2023 | 1.24% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.16% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 1.15% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.11% |
| BILL.COM CV 00.0000 12/01/2025 | 1.05% |
| OKTA INC CV 00.3750 06/15/2026 | 0.98% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.98% |
| TWITTER INC CV 00.0000 03/15/2026 | 0.97% |
| DTE ENERGY CO 06.2500 CV PFD | 0.94% |
| AIRBNB INC CV 00.0000 03/15/2026 | 0.92% |
| VAIL RESORTS CV 00.0000 01/01/2026 | 0.91% |
| AES CORP/THE 06.8750 CV PFD | 0.91% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.89% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 0.87% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.87% |
| SHIFT4 PAYMEN CV 00.0000 12/15/2025 | 0.86% |
| BOX INC CV 00.0000 01/15/2026 | 0.86% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 0.84% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.84% |
| LIBERTY MEDIA | 0.84% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.82% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.81% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.80% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 0.80% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.80% |
| SOLAR EDGE TECH USD 00.0000 09/15/2025 | 0.79% |
| AMERICAN ELECTRIC POWER 06.1250 CV PFD | 0.79% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.79% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.77% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.77% |
| BROOKDALE SEN P/P 144A CV 02.0000 10/15/2026 | 0.76% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.75% |
| PG&E CORP 05.5000 CV PFD | 0.75% |
| SHAKE SHACK I CV 00.0000 03/01/2028 | 0.75% |
| RBC BEARINGS INC 05.0000 CV PFD | 0.73% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.72% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.72% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.72% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.72% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.71% |
| UNITY SOFT P/P 144A CV 00.0000 11/15/2026 | 0.70% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.69% |
| BURL STORE CV 02.2500 04/15/2025 | 0.69% |
| SABRE CORP 06.5000 CV PFD | 0.69% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 0.68% |
| LIB TRIP A P/P 144A CV 00.5000 06/30/2051 | 0.68% |
| NCL CORP LTD P/P 144A CV 02.5000 02/15/2027 | 0.68% |
| INNOVIVA INC CV 02.5000 08/15/2025 | 0.67% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.66% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.66% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.66% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.64% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.63% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.62% |
| BLOCK INC CV 00.2500 11/01/2027 | 0.62% |
| OMNICELL INC CV 00.2500 09/15/2025 | 0.62% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.60% |
| MONGODB INC CV 00.2500 01/15/2026 | 0.60% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.60% |
| SOFI TECH INC P/P 144A CV 00.0000 10/15/2026 | 0.59% |
| ENPHASE EN CV 00.0000 03/01/2028 | 0.59% |
| BUNGE LTD SEDOL 2788713 | 0.59% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 0.58% |
| BIGCOMMERCE H P/P 144A CV 00.2500 10/01/2026 | 0.58% |
| IMPINJ INC P/P 144A CV 01.1250 05/15/2027 | 0.57% |
| NRG ENERGY CV 02.7500 06/01/2048 | 0.57% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.56% |
| TECHTARGET P/P 144A CV 00.0000 12/15/2026 | 0.56% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.56% |
| CLARIVATE PLC 05.2500 CV PFD | 0.56% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.55% |
| CERIDIAN HCM CV 00.2500 03/15/2026 | 0.55% |
| HALOZYME THER CV 00.2500 03/01/2027 | 0.54% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.54% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.54% |
| PERFICIENT IN P/P 144A CV 00.1250 11/15/2026 | 0.54% |
| EVERBRIDGE IN CV 00.0000 03/15/2026 | 0.54% |
| PATRICK INDUS P/P 144A CV 01.7500 12/01/2028 | 0.53% |
| WOLFSPEED INC P/P 144A CV 00.2500 02/15/2028 | 0.53% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 0.52% |
| DRAFTKINGS CV 00.0000 03/15/2028 | 0.52% |
| CONFLUENT INC P/P 144A CV 00.0000 01/15/2027 | 0.52% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.51% |
| CABLE ONE INC CV 01.1250 03/15/2028 | 0.51% |
| SPOTIFY USA CV 00.0000 03/15/2026 | 0.50% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.50% |
| 3D SYS CORP P/P 144A CV 00.0000 11/15/2026 | 0.50% |
| APTIV PLC 05.5000 CV PFD | 0.50% |
| MICROCHIP TECHNOLOGY INC SEDOL 2592174 | 0.50% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.50% |
| UPWORK INC P/P 144A CV 00.2500 08/15/2026 | 0.50% |
| GUARDANT HEAL CV 00.0000 11/15/2027 | 0.50% |
| DIGITALOCEAN P/P 144A CV 00.0000 12/01/2026 | 0.50% |
| DISH NETWORK CV 00.0000 12/15/2025 | 0.50% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.49% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.49% |
| BEAUTY HEALTH P/P 144A CV 01.2500 10/01/2026 | 0.49% |
| BLOCK INC CV 00.1250 03/01/2025 | 0.48% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.47% |
| FIVERR INTL LTD USD 00.0000 11/01/2025 | 0.47% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.44% |
| LYFT INC CV 01.5000 05/15/2025 | 0.43% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.41% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.40% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 0.40% |
| ASCENDIS PHARMA A/S P/P 144A 02.2500 04/01/2028 | 0.40% |
| TESLA INC SEDOL B616C79 | 0.40% |
| UBER TECH INC CV 00.0000 12/15/2025 | 0.40% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.39% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.38% |
| INSMED INC CV 00.7500 06/01/2028 | 0.37% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.36% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.36% |
| RH CV 00.0000 09/15/2024 | 0.36% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.32% |
| MICROSTRATEGY CV 00.0000 02/15/2027 | 0.32% |
| SERVICENOW INC SEDOL B80NXX8 | 0.32% |
| SUNRUN INC CV 00.0000 02/01/2026 | 0.30% |
| UPSTART HOLDI P/P 144A CV 00.2500 08/15/2026 | 0.30% |
| TPG INC SEDOL BNKBB55 | 0.30% |
| TERADYNE INC SEDOL 2884183 | 0.26% |
| SNAP INC CV 00.7500 08/01/2026 | 0.25% |
| PENN NATIONAL GAMING INC SEDOL 2682105 | 0.23% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.21% |
| AMERICAN CV 03.7500 04/15/2025 | 0.21% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/16/2022 | 0.02% |
| ESC GT ADVANCED TECH INC | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| PALO ALTO NET CV 00.3750 06/01/2025 | 3.00% |
|---|---|
| BROADCOM INC 08.0000 CV PFD | 2.77% |
| PIONEER NAT CV 00.2500 05/15/2025 | 2.18% |
| DANAHER CORP 05.0000 CV PFD | 2.16% |
| NEXTERA ENERGY INC 05.2790 CV PFD | 1.94% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.65% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.61% |
| BILL.COM CV 00.0000 12/01/2025 | 1.22% |
| OKTA INC CV 00.3750 06/15/2026 | 1.20% |
| ROYAL CARIBBE CV 02.8750 11/15/2023 | 1.19% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.18% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.16% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 1.14% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.12% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.08% |
| BUNGE LTD 04.8750 CUM CV PFD | 1.01% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.98% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.97% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 0.93% |
| VAIL RESORTS CV 00.0000 01/01/2026 | 0.89% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.89% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.88% |
| BURL STORE CV 02.2500 04/15/2025 | 0.88% |
| EQT CORP CV 01.7500 05/01/2026 | 0.88% |
| DTE ENERGY CO 06.2500 CV PFD | 0.88% |
| SOLAR EDGE TECH USD 00.0000 09/15/2025 | 0.87% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.87% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 0.87% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 0.86% |
| RBC BEARINGS INC 05.0000 CV PFD | 0.85% |
| LIBERTY MEDIA | 0.83% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.83% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.83% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.81% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.79% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.79% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.79% |
| BOX INC CV 00.0000 01/15/2026 | 0.78% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.78% |
| AES CORP/THE 06.8750 CV PFD | 0.77% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.75% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.75% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.74% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.74% |
| BROOKDALE SEN P/P 144A CV 02.0000 10/15/2026 | 0.74% |
| AMERICAN ELECTRIC POWER 06.1250 CV PFD | 0.73% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.73% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 0.71% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.71% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.71% |
| PG&E CORP 05.5000 CV PFD | 0.71% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.71% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.69% |
| UNITY SOFT P/P 144A CV 00.0000 11/15/2026 | 0.69% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.68% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.68% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.68% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.66% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.66% |
| APTIV PLC 05.5000 CV PFD | 0.65% |
| INNOVIVA INC CV 02.5000 08/15/2025 | 0.65% |
| SABRE CORP 06.5000 CV PFD | 0.64% |
| NCL CORP LTD P/P 144A CV 02.5000 02/15/2027 | 0.64% |
| SOFI TECH INC P/P 144A CV 00.0000 10/15/2026 | 0.64% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.63% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.62% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.62% |
| BLOCK INC CV 00.2500 11/01/2027 | 0.61% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.61% |
| OMNICELL INC CV 00.2500 09/15/2025 | 0.61% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.60% |
| BIGCOMMERCE H P/P 144A CV 00.2500 10/01/2026 | 0.59% |
| IMPINJ INC P/P 144A CV 01.1250 05/15/2027 | 0.59% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.59% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 0.59% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.58% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.57% |
| PATRICK INDUS P/P 144A CV 01.7500 12/01/2028 | 0.56% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.56% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.56% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.56% |
| TECHTARGET P/P 144A CV 00.0000 12/15/2026 | 0.55% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.54% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.54% |
| LIB TRIP A P/P 144A CV 00.5000 06/30/2051 | 0.54% |
| ENPHASE EN CV 00.0000 03/01/2028 | 0.53% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.53% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.53% |
| CONFLUENT INC P/P 144A CV 00.0000 01/15/2027 | 0.51% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 0.51% |
| PERFICIENT IN P/P 144A CV 00.1250 11/15/2026 | 0.51% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.51% |
| GUARDANT HEAL CV 00.0000 11/15/2027 | 0.51% |
| 3D SYS CORP P/P 144A CV 00.0000 11/15/2026 | 0.50% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.50% |
| BEAUTY HEALTH P/P 144A CV 01.2500 10/01/2026 | 0.50% |
| CLARIVATE PLC 05.2500 CV PFD | 0.50% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.50% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.49% |
| DIGITALOCEAN P/P 144A CV 00.0000 12/01/2026 | 0.49% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.49% |
| WOLFSPEED INC P/P 144A CV 00.2500 02/15/2028 | 0.49% |
| DISH NETWORK CV 00.0000 12/15/2025 | 0.49% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.46% |
| FIVERR INTL LTD USD 00.0000 11/01/2025 | 0.46% |
| BLOCK INC CV 00.1250 03/01/2025 | 0.46% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.45% |
| TESLA INC SEDOL B616C79 | 0.44% |
| LYFT INC CV 01.5000 05/15/2025 | 0.43% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 0.42% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.41% |
| RH CV 00.0000 09/15/2024 | 0.41% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.40% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.40% |
| UBER TECH INC CV 00.0000 12/15/2025 | 0.39% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.39% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.39% |
| INSMED INC CV 00.7500 06/01/2028 | 0.37% |
| MICROCHIP TECHNOLOGY INC SEDOL 2592174 | 0.36% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.35% |
| UPSTART HOLDI P/P 144A CV 00.2500 08/15/2026 | 0.34% |
| SERVICENOW INC SEDOL B80NXX8 | 0.32% |
| MICROSTRATEGY CV 00.0000 02/15/2027 | 0.30% |
| SUNRUN INC CV 00.0000 02/01/2026 | 0.30% |
| TPG INC SEDOL BNKBB55 | 0.30% |
| NATERA INC CV 02.2500 05/01/2027 | 0.29% |
| SNAP INC CV 00.7500 08/01/2026 | 0.27% |
| PENN NATIONAL GAMING INC SEDOL 2682105 | 0.27% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.26% |
| TERADYNE INC SEDOL 2884183 | 0.25% |
| AMERICAN CV 03.7500 04/15/2025 | 0.25% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.23% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/16/2022 | 0.02% |
| ESC GT ADVANCED TECH INC | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| BROADCOM INC 08.0000 CV PFD | 2.73% |
|---|---|
| PALO ALTO NET CV 00.3750 06/01/2025 | 2.59% |
| DANAHER CORP 05.0000 CV PFD | 2.21% |
| NEXTERA ENERGY INC 05.2790 CV PFD | 2.14% |
| PIONEER NAT CV 00.2500 05/15/2025 | 1.95% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.76% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.67% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.24% |
| OKTA INC CV 00.3750 06/15/2026 | 1.24% |
| ROYAL CARIBBE CV 02.8750 11/15/2023 | 1.17% |
| KKR & CO INC 06.0000 CUM CV PFD | 1.14% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.13% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.12% |
| BILL.COM CV 00.0000 12/01/2025 | 1.10% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 1.10% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.08% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 1.02% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.99% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 0.98% |
| BUNGE LTD 04.8750 CUM CV PFD | 0.96% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.95% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.91% |
| VAIL RESORTS CV 00.0000 01/01/2026 | 0.91% |
| BURL STORE CV 02.2500 04/15/2025 | 0.90% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.88% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.87% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 0.87% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.87% |
| DTE ENERGY CO 06.2500 CV PFD | 0.86% |
| EQT CORP CV 01.7500 05/01/2026 | 0.83% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.83% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.82% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.81% |
| AES CORP/THE 06.8750 CV PFD | 0.81% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.80% |
| RBC BEARINGS INC 05.0000 CV PFD | 0.80% |
| BOX INC CV 00.0000 01/15/2026 | 0.78% |
| PG&E CORP 05.5000 CV PFD | 0.78% |
| LIBERTY MEDIA | 0.77% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.75% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.74% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.73% |
| SOLAR EDGE TECH USD 00.0000 09/15/2025 | 0.73% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.73% |
| AMERICAN ELECTRIC POWER 06.1250 CV PFD | 0.73% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.73% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.72% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.72% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.72% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 0.72% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.70% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.70% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.70% |
| APTIV PLC 05.5000 CV PFD | 0.68% |
| UNITY SOFT P/P 144A CV 00.0000 11/15/2026 | 0.68% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.68% |
| OMNICELL INC CV 00.2500 09/15/2025 | 0.68% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.66% |
| SOFI TECH INC P/P 144A CV 00.0000 10/15/2026 | 0.66% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.65% |
| BROOKDALE SEN P/P 144A CV 02.0000 10/15/2026 | 0.64% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.64% |
| BIGCOMMERCE H P/P 144A CV 00.2500 10/01/2026 | 0.64% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.62% |
| IMPINJ INC P/P 144A CV 01.1250 05/15/2027 | 0.62% |
| BLOCK INC CV 00.2500 11/01/2027 | 0.62% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.62% |
| NCL CORP LTD P/P 144A CV 01.1250 02/15/2027 | 0.60% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 0.60% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.60% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.59% |
| BLOCK INC CV 00.1250 03/01/2025 | 0.59% |
| CONFLUENT INC P/P 144A CV 00.0000 01/15/2027 | 0.59% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.58% |
| INNOVIVA INC CV 02.5000 08/15/2025 | 0.58% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.57% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.57% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.56% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.56% |
| SUNRUN INC P/P 144A CV 00.0000 02/01/2026 | 0.56% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.56% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.56% |
| SABRE CORP 06.5000 CV PFD | 0.56% |
| TECHTARGET P/P 144A CV 00.0000 12/15/2026 | 0.55% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.55% |
| CLARIVATE PLC 05.2500 CV PFD | 0.55% |
| TESLA INC SEDOL B616C79 | 0.54% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.54% |
| PATRICK INDUS P/P 144A CV 01.7500 12/01/2028 | 0.54% |
| LIB TRIP A P/P 144A CV 00.5000 06/30/2051 | 0.54% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 0.53% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.53% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.52% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.52% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.52% |
| 3D SYS CORP P/P 144A CV 00.0000 11/15/2026 | 0.51% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.51% |
| RH CV 00.0000 09/15/2024 | 0.51% |
| PERFICIENT IN P/P 144A CV 00.1250 11/15/2026 | 0.51% |
| GUARDANT HEAL CV 00.0000 11/15/2027 | 0.51% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.51% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.51% |
| ENPHASE EN P/P 144A CV 00.0000 03/01/2028 | 0.50% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.50% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.50% |
| DIGITALOCEAN P/P 144A CV 00.0000 12/01/2026 | 0.49% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.48% |
| UBER TECH INC CV 00.0000 12/15/2025 | 0.48% |
| DISH NETWORK CV 00.0000 12/15/2025 | 0.48% |
| FIVERR INTL LTD USD 00.0000 11/01/2025 | 0.46% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.44% |
| BEAUTY HEALTH P/P 144A CV 01.2500 10/01/2026 | 0.43% |
| LYFT INC CV 01.5000 05/15/2025 | 0.42% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.40% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.40% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 0.40% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.39% |
| MICROCHIP TECHNOLOGY INC SEDOL 2592174 | 0.39% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.38% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.37% |
| INSMED INC CV 00.7500 06/01/2028 | 0.36% |
| TERADYNE INC CV 01.2500 12/15/2023 | 0.35% |
| SERVICENOW INC SEDOL B80NXX8 | 0.32% |
| TPG INC SEDOL BNKBB55 | 0.32% |
| NATERA INC CV 02.2500 05/01/2027 | 0.30% |
| UPSTART HOLDI P/P 144A CV 00.2500 08/15/2026 | 0.30% |
| MICROSTRATEGY P/P 144A CV 00.0000 02/15/2027 | 0.28% |
| AMERICAN CV 03.7500 04/15/2025 | 0.26% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.25% |
| SNAP INC CV 00.7500 08/01/2026 | 0.23% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/16/2022 | 0.02% |
| ESC GT ADVANCED TECH INC | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
Portfolio composition as of 04/30/22
| Convertible bonds and notes | 73.47% |
|---|---|
| Mandatories | 18.00% |
| Cash and net other assets | 4.86% |
| Common stock | 2.96% |
| Convertible preferred stock | 0.71% |
Equity statistics as of 04/30/22
| Median market cap | $8.43B |
|---|---|
| Weighted average market cap | $42.52B |
| Price to book | 3.64 |
| Price to earnings | 37.51 |
Fixed income statistics as of 04/30/22
| Average stated maturity | 4.07 yrs. |
|---|---|
| Average effective duration | 1.68 yrs. |
| Average yield to maturity | -2.00% |
| Average coupon | 1.68% |
Maturity detail as of 04/30/22
| 0 - 1 yr. | 17.80% |
|---|---|
| 1 - 5 yrs. | 66.34% |
| 5 - 10 yrs. | 13.10% |
| Over 15 yrs. | 2.76% |
Quality rating as of 04/30/22
| A | 1.31% |
|---|---|
| BBB | 12.24% |
| BB | 3.89% |
| B | 1.19% |
| Not Rated | 76.51% |
| Cash and net other assets | 4.86% |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, asset class, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
These risks are generally greater for convertible securities issued by small and/or midsize companies. Convertible securities’ prices may be adversely affected by underlying common stock price changes. While convertible securities tend to provide higher yields than common stocks, the higher yield may not protect against the risk of loss or mitigate any loss associated with a convertible security’s price decline. Convertible securities are subject to credit risk, which is the risk that an issuer of the fund’s investments may default on payment of interest or principal. Credit risk is generally greater for below-investment-grade convertible securities. Convertible securities may be less sensitive to interest-rate changes than non-convertible bonds because of their structural features (e.g., convertibility, “put” features). Interest-rate risk is generally greater, however, for longer-term bonds and convertible securities whose underlying stock price has fallen significantly below the conversion price.
Our investment techniques, analyses, and judgments may not produce the intended outcome, and the investments we select for the fund may not perform as well as other securities that were not selected for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could negatively impact the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of the fund’s net assets. A bond rated BBB or higher (A-3/SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor’s, Moody’s, and Fitch. Ratings may vary over time. Equity securities are shown in the not-rated category. Cash and net other assets, if any, represent the market value weights of cash and derivatives and may show a negative market value as a result of the timing of trade versus settlement date transactions. The fund itself has not been rated by an independent rating agency.
Top industry sectors as of 04/30/22
| Information technology | 30.64% |
|---|---|
| Consumer discretionary | 16.62% |
| Health care | 15.40% |
| Communication services | 9.72% |
| Industrials | 7.18% |
| Utilities | 6.88% |
| Cash and net other assets | 4.86% |
| Energy | 4.33% |
| Financials | 3.41% |
| Other | 0.96% |
0
The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
Sectors will vary over time.
Country allocation as of 04/30/22
| United States | 91.63% |
|---|---|
| Cash and net other assets | 4.86% |
| Israel | 1.71% |
| Canada | 0.78% |
| United Kingdom | 0.58% |
| Denmark | 0.39% |
| China | 0.05% |
0
Expenses
Expense ratio |
Class A | Class B | Class C | Class R | Class R6 | Class Y |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.01% | 1.76% | 1.76% | 1.26% | 0.71% | 0.76% |
| What you pay | 1.01% | 1.76% | 1.76% | 1.26% | 0.71% | 0.76% |
Sales charge
| Investment Breakpoint | Class A | Class B | Class C | Class R | Class R6 | Class Y |
|---|---|---|---|---|---|---|
| $0-$49,999 | 5.75% | 0.00% | 0.00% | -- | -- | -- |
| $50,000-$99,999 | 4.50% | 0.00% | 0.00% | -- | -- | -- |
| $100,000-$249,999 | 3.50% | -- | 0.00% | -- | -- | -- |
| $250,000-$499,999 | 2.50% | -- | 0.00% | -- | -- | -- |
| $500,000-$999,999 | 2.00% | -- | 0.00% | -- | -- | -- |
| $1M-$4M | 0.00% | -- | -- | -- | -- | -- |
| $4M-$50M | 0.00% | -- | -- | -- | -- | -- |
| $50M+ | 0.00% | -- | -- | -- | -- | -- |
CDSC
| Class A (sales for $1,000,000+) | Class B | Class C | Class R | Class R6 | Class Y | |
|---|---|---|---|---|---|---|
| 0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
| 9 to 12 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
| 2 yrs. | 0.00% | 4.00% | 0.00% | -- | -- | -- |
| 3 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
| 4 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
| 5 yrs. | 0.00% | 2.00% | 0.00% | -- | -- | -- |
| 6 yrs. | 0.00% | 1.00% | 0.00% | -- | -- | -- |
| 7+ yrs. | 0.00% | 0.00% | 0.00% | -- | -- | -- |
The ICE BofA U.S. Convertible Index tracks the performance of publicly issued U.S. dollar denominated convertible securities of U.S. companies. You cannot invest directly in an index.
Consider these risks before investing: The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, asset class, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
These risks are generally greater for convertible securities issued by small and/or midsize companies. Convertible securities’ prices may be adversely affected by underlying common stock price changes. While convertible securities tend to provide higher yields than common stocks, the higher yield may not protect against the risk of loss or mitigate any loss associated with a convertible security’s price decline. Convertible securities are subject to credit risk, which is the risk that an issuer of the fund’s investments may default on payment of interest or principal. Credit risk is generally greater for below-investment-grade convertible securities. Convertible securities may be less sensitive to interest-rate changes than non-convertible bonds because of their structural features (e.g., convertibility, “put” features). Interest-rate risk is generally greater, however, for longer-term bonds and convertible securities whose underlying stock price has fallen significantly below the conversion price.
Our investment techniques, analyses, and judgments may not produce the intended outcome, and the investments we select for the fund may not perform as well as other securities that were not selected for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could negatively impact the fund. You can lose money by investing in the fund.
Credit qualities are shown as a percentage of the fund’s net assets. A bond rated BBB or higher (A-3/SP-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor’s, Moody’s, and Fitch. Ratings may vary over time. Equity securities are shown in the not-rated category. Cash and net other assets, if any, represent the market value weights of cash and derivatives and may show a negative market value as a result of the timing of trade versus settlement date transactions. The fund itself has not been rated by an independent rating agency.