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, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income 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 |
Yesterday’s close | 52-week high | 52-week low |
|---|---|---|---|
| Net asset value |
$34.22
-0.87% | $-0.30 |
$36.07
12/22/20 |
$30.47
10/30/20 |
Fund facts as of 09/30/21
$1,022.73M
98%
Quarterly
137
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) |
Consider convertibles to hedge against the risk of rising interest rates
The potential for rising interest rates may mean it's time to diversify a portfolio with convertibles.Regulatory storm sweeps across China
President Xi Jinping's "common prosperity" campaign to address China's wealth gap has converged with the regulatory crackdowns.Markets see living with Covid-19 as the new normal
Global financial markets might be pricing in a “living with the virus” environment and are adjusting to a lower growth path.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)
10.60%
Average 5-year annualized return
Total return (%) as of 09/30/21
Annual performance as of 09/30/21
Annualized Total return (%) as of 09/30/21
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 21.59% | 19.50% | 16.39% | 13.10% |
| After sales charge | N/A | N/A | N/A | N/A |
| ICE BofA U.S. Convertible Index | 27.30% | 20.21% | 17.37% | 14.37% |
Performance snapshot
| Before sales charge | After sales charge | ||
|---|---|---|---|
| 1 mt. as of 09/30/21 | -1.75% | - | |
| YTD as of 10/27/21 | 6.54% | - | |
Yield
| Distribution rate before sales charge as of 10/27/21 |
0.62% |
|---|---|
| Distribution rate after sales charge as of 10/27/21 |
0.62% |
| 30-day SEC yield as of 09/30/21 | 0.15% |
Risk-adjusted performance as of 09/30/21
| Alpha (3 yrs.) | 0.61 |
|---|---|
| Sharpe ratio (3 yrs.) | 1.15 |
| Treynor ratio (3 yrs.) | 19.78 |
| Information ratio (3 yrs.) | -0.24 |
Volatility as of 09/30/21
| Standard deviation (3 yrs.) | 16.07% |
|---|---|
| Beta | 0.93 |
| R-squared | 0.97 |
Fixed income statistics as of 09/30/21
| Average effective duration | 1.59 yrs. |
|---|
Capture ratio as of 09/30/21
| Up-market (3 yrs.) | 96.30 |
|---|---|
| Down-market (3 yrs.) | 96.66 |
Lipper rankings as of 09/30/21
| Time period | Rank/Funds in category | Percentile ranking |
|---|---|---|
| 1 yr. | 47/76 | 62% |
| 3 yrs. | 38/72 | 53% |
| 5 yrs. | 34/70 | 48% |
| 10 yrs. | 22/53 | 41% |
Morningstar Ratings™ as of 09/30/21
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 72 | |
| 3 yrs. | 72 | |
| 5 yrs. | 70 | |
| 10 yrs. | 53 |
Distributions
| Record/Ex dividend date | 09/08/21 |
|---|---|
| Payable date | 09/10/21 |
| Income | $0.053 |
| 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 | 2.24% |
|---|---|
| Danaher Corp | 2.14% |
| Nextera Energy | 2.13% |
| Square | 1.99% |
| Broadcom | 1.99% |
| Snap | 1.89% |
| Liberty Media Corp | 1.74% |
| Southwest Airlines | 1.57% |
| Bank Of America Corp | 1.29% |
| Pioneer Natural Resources | 1.27% |
| Top 10 holdings, percent of portfolio | 18.25% |
| Top 10 holdings as of 09/30/21 | |
|---|---|
| Palo Alto Networks | |
| Danaher Corp | |
| Nextera Energy | |
| Square | |
| Broadcom | |
| Snap | |
| Liberty Media Corp | |
| Southwest Airlines | |
| Bank Of America Corp | |
| Pioneer Natural Resources | |
| Holdings represent 18.25% of portfolio | |
| Top 10 holdings as of 08/31/21 | |
|---|---|
| Danaher Corp | |
| Nextera Energy | |
| Palo Alto Networks | |
| Broadcom | |
| Square | |
| Snap | |
| Liberty Media Corp | |
| Southwest Airlines | |
| Exact Sciences Corp | |
| Okta | |
| Holdings represent 18.35% of portfolio | |
| Top 10 holdings as of 07/31/21 | |
|---|---|
| Danaher Corp | |
| Nextera Energy | |
| Broadcom | |
| Palo Alto Networks | |
| Snap | |
| Square | |
| Liberty Media Corp | |
| Southwest Airlines | |
| Exact Sciences Corp | |
| Zillow Group | |
| Holdings represent 18.08% of portfolio | |
| Top 10 holdings as of 06/30/21 | |
|---|---|
| Broadcom | |
| Nextera Energy | |
| Palo Alto Networks | |
| Square | |
| Danaher Corp | |
| Snap | |
| Liberty Media Corp | |
| Exact Sciences Corp | |
| Southwest Airlines | |
| Zillow Group | |
| Holdings represent 17.63% of portfolio | |
| PALO ALTO NET CV 00.3750 06/01/2025 | 2.24% |
|---|---|
| DANAHER CORP 05.0000 CV PFD | 2.14% |
| NEXTERA ENERGY INC 04.8720 CV PFD | 2.13% |
| BROADCOM INC 08.0000 CV PFD | 1.99% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.56% |
| PIONEER NAT CV 00.2500 05/15/2025 | 1.27% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 1.20% |
| OKTA INC CV 00.3750 06/15/2026 | 1.19% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 1.13% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.13% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 1.12% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 1.12% |
| SQUARE INC P/P 144A CV 00.2500 11/01/2027 | 1.12% |
| ROYAL CARIBBE P/P 144A CV 02.8750 11/15/2023 | 1.12% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.10% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 1.10% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.06% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 1.05% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 1.02% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 0.98% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.93% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 0.92% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.92% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.91% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.91% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.91% |
| BUNGE LTD 04.8750 CUM CV PFD | 0.89% |
| UBER TECH INC P/P 144A CV 00.0000 12/15/2025 | 0.88% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.88% |
| BURL STORE CV 02.2500 04/15/2025 | 0.88% |
| APTIV PLC 05.5000 CV PFD | 0.87% |
| SQUARE INC CV 00.1250 03/01/2025 | 0.87% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.86% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.86% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 0.85% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.83% |
| VAIL RESORTS P/P 144A CV 00.0000 01/01/2026 | 0.82% |
| MICROCHIP TEC CV 01.6250 02/15/2027 | 0.82% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.82% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.81% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.78% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.78% |
| SEA LTD USD 00.2500 09/15/2026 | 0.78% |
| SNAP INC CV 00.7500 08/01/2026 | 0.77% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.75% |
| AES CORP/THE 06.8750 CV PFD | 0.75% |
| DTE ENERGY CO 06.2500 CV PFD | 0.75% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.74% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.74% |
| RH CV 00.0000 09/15/2024 | 0.73% |
| RBC BEARINGS INC 05.0000 CV PFD | 0.72% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 0.72% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.72% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.72% |
| GUARDANT HEAL P/P 144A CV 00.0000 11/15/2027 | 0.72% |
| TECHTARGET P/P 144A CV 00.1250 12/15/2025 | 0.71% |
| BEAUTY HEALTH P/P 144A CV 01.2500 10/01/2026 | 0.70% |
| LIBERTY BROAD P/P 144A CV 01.2500 09/30/2050 | 0.70% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.70% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.70% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.69% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.68% |
| OMNICELL INC CV 00.2500 09/15/2025 | 0.67% |
| TESLA INC. CV 02.0000 05/15/2024 | 0.67% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.67% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.66% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.66% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.66% |
| BIGCOMMERCE H P/P 144A CV 00.2500 10/01/2026 | 0.65% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.65% |
| BOX INC P/P 144A CV 00.0000 01/15/2026 | 0.65% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.65% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.65% |
| BILL.COM P/P 144A CV 00.0000 12/01/2025 | 0.64% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.64% |
| SERVICENOW INC SEDOL B80NXX8 | 0.64% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.63% |
| EXPEDIA GRP P/P 144A CV 00.0000 02/15/2026 | 0.63% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.63% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.63% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.62% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.62% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.62% |
| EQT CORP CV 01.7500 05/01/2026 | 0.62% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.62% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.61% |
| SABRE CORP 06.5000 CV PFD | 0.61% |
| LIBERTY MEDIA | 0.60% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.59% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.59% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.58% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.58% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.57% |
| NATERA INC CV 02.2500 05/01/2027 | 0.57% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.56% |
| SUNRUN INC P/P 144A CV 00.0000 02/01/2026 | 0.55% |
| PG&E CORP 05.5000 CV PFD | 0.54% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.54% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.53% |
| DOCUSIGN INC P/P 144A CV 00.0000 01/15/2024 | 0.53% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.53% |
| CLARIVATE PLC 05.2500 CV PFD | 0.53% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.53% |
| FIVERR INTL LTD P/P 144A 00.0000 11/01/2025 | 0.52% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.52% |
| INNOVIVA INC CV 02.5000 08/15/2025 | 0.52% |
| DISH NETWORK P/P 144A CV 00.0000 12/15/2025 | 0.52% |
| INTEGRA LIFE CV 00.5000 08/15/2025 | 0.50% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.50% |
| ZYNGA INC P/P 144A CV 00.0000 12/15/2026 | 0.48% |
| BILL.COM P/P 144A CV 00.0000 04/01/2027 | 0.48% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.48% |
| LYFT INC CV 01.5000 05/15/2025 | 0.46% |
| ENPHASE EN P/P 144A CV 00.0000 03/01/2028 | 0.44% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.44% |
| NOVOCURE LTD P/P 144A 00.0000 11/01/2025 | 0.43% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.42% |
| REVANCE THERA CV 01.7500 02/15/2027 | 0.41% |
| ESSENTIAL UTILITIES INC 06.0000 CV PFD | 0.40% |
| AMERICAN CV 03.7500 04/15/2025 | 0.39% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.38% |
| NOVAVAX INC CV 03.7500 02/01/2023 | 0.36% |
| INSMED INC CV 00.7500 06/01/2028 | 0.36% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.35% |
| BROOKDALE SEN P/P 144A CV 02.0000 10/15/2026 | 0.34% |
| SOLAR EDGE TECH USD 00.0000 09/15/2025 | 0.33% |
| PENN NATIONAL GAMING INC SEDOL 2682105 | 0.32% |
| REDFIN CORP P/P 144A CV 00.0000 10/15/2025 | 0.30% |
| TERADYNE INC CV 01.2500 12/15/2023 | 0.28% |
| MICROSTRATEGY P/P 144A CV 00.0000 02/15/2027 | 0.28% |
| LAM RESEARCH CORP SEDOL 2502247 | 0.25% |
| IAC FINANCECO P/P 144A CV 00.8750 10/01/2022 | 0.15% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/17/2020 | 0.02% |
| GT ADVANCED TECH INC SEDOL BD70QH2 | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| DANAHER CORP 05.0000 CV PFD | 2.31% |
|---|---|
| NEXTERA ENERGY INC 04.8720 CV PFD | 2.21% |
| PALO ALTO NET CV 00.3750 06/01/2025 | 2.14% |
| BROADCOM INC 08.0000 CV PFD | 2.01% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.50% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 1.43% |
| OKTA INC CV 00.3750 06/15/2026 | 1.25% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 1.24% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 1.18% |
| PIONEER NAT CV 00.2500 05/15/2025 | 1.16% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.13% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 1.10% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.06% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 1.04% |
| APTIV PLC 05.5000 CV PFD | 1.01% |
| DEXCOM INC CV 00.2500 11/15/2025 | 1.01% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.00% |
| CLOUDFLARE P/P 144A CV 00.0000 08/15/2026 | 0.99% |
| BURL STORE CV 02.2500 04/15/2025 | 0.99% |
| SQUARE INC P/P 144A CV 00.2500 11/01/2027 | 0.99% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.98% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 0.98% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.98% |
| MICROCHIP TEC CV 01.6250 02/15/2027 | 0.97% |
| SEA LTD USD 02.3750 12/01/2025 | 0.96% |
| AVANTOR INC 06.2500 CUM CV PFD | 0.96% |
| SQUARE INC CV 00.1250 03/01/2025 | 0.95% |
| WAYFAIR INC CV 00.6250 10/01/2025 | 0.94% |
| BILL.COM P/P 144A CV 00.0000 12/01/2025 | 0.94% |
| ROYAL CARIBBE P/P 144A CV 02.8750 11/15/2023 | 0.93% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.90% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 0.89% |
| SNAP INC CV 00.7500 08/01/2026 | 0.89% |
| TELADOC HE CV 01.2500 06/01/2027 | 0.88% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.88% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.87% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.85% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.84% |
| RH CV 00.0000 09/15/2024 | 0.83% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.83% |
| UBER TECH INC P/P 144A CV 00.0000 12/15/2025 | 0.83% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.82% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.81% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 0.81% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.78% |
| MIDDLEBY CORP CV 01.0000 09/01/2025 | 0.77% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.77% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.76% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.76% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.75% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.74% |
| LIBERTY INTER P/P 144A CV 01.7500 09/30/2046 | 0.73% |
| GUARDANT HEAL P/P 144A CV 00.0000 11/15/2027 | 0.71% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.71% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.71% |
| TECHTARGET P/P 144A CV 00.1250 12/15/2025 | 0.71% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.70% |
| SOLAR EDGE TECH P/P 144A 00.0000 09/15/2025 | 0.69% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.69% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.69% |
| OMNICELL INC P/P 144A CV 00.2500 09/15/2025 | 0.68% |
| REVANCE THERA CV 01.7500 02/15/2027 | 0.68% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.68% |
| BUNGE LTD 04.8750 CUM CV PFD | 0.68% |
| CHEGG INC CV 00.0000 09/01/2026 | 0.67% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.67% |
| BOX INC P/P 144A CV 00.0000 01/15/2026 | 0.67% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.67% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.66% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.66% |
| NATERA INC CV 02.2500 05/01/2027 | 0.65% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.65% |
| SERVICENOW INC SEDOL B80NXX8 | 0.65% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.64% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.64% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.64% |
| TESLA INC CV 02.0000 05/15/2024 | 0.63% |
| ATLASSIAN INC CV 00.6250 05/01/2023 | 0.63% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.62% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.62% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.62% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.62% |
| DOMINION ENERGY INC 07.2500 CUM CV PFD | 0.61% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.60% |
| EXPEDIA GRP P/P 144A CV 00.0000 02/15/2026 | 0.60% |
| AES CORP/THE 06.8750 CV PFD | 0.60% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.60% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.59% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.58% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.58% |
| VAIL RESORTS P/P 144A CV 00.0000 01/01/2026 | 0.57% |
| CLARIVATE PLC 05.2500 CV PFD | 0.57% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.57% |
| LIBERTY MEDIA | 0.57% |
| EQT CORP CV 01.7500 05/01/2026 | 0.56% |
| DOCUSIGN INC P/P 144A CV 00.0000 01/15/2024 | 0.54% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.54% |
| AVALARA INC P/P 144A CV 00.2500 08/01/2026 | 0.54% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.53% |
| INTEGRA LIFE CV 00.5000 08/15/2025 | 0.52% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.51% |
| FIVERR INTL LTD P/P 144A 00.0000 11/01/2025 | 0.51% |
| PG&E CORP 05.5000 CV PFD | 0.51% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.51% |
| DISH NETWORK P/P 144A CV 00.0000 12/15/2025 | 0.51% |
| TERADYNE INC CV 01.2500 12/15/2023 | 0.50% |
| ZYNGA INC P/P 144A CV 00.0000 12/15/2026 | 0.49% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.48% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.47% |
| REDFIN CORP P/P 144A CV 00.0000 10/15/2025 | 0.46% |
| ENPHASE EN P/P 144A CV 00.0000 03/01/2028 | 0.46% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.46% |
| SABRE CORP 06.5000 CV PFD | 0.45% |
| AMERICAN CV 03.7500 04/15/2025 | 0.45% |
| NOVOCURE LTD P/P 144A 00.0000 11/01/2025 | 0.44% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.44% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.44% |
| SUNRUN INC P/P 144A CV 00.0000 02/01/2026 | 0.43% |
| ESSENTIAL UTILITIES INC 06.0000 CV PFD | 0.41% |
| LYFT INC CV 01.5000 05/15/2025 | 0.41% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.37% |
| INSMED INC CV 00.7500 06/01/2028 | 0.34% |
| CALLAWAY GOLF CV 02.7500 05/01/2026 | 0.30% |
| MICROSTRATEGY P/P 144A CV 00.0000 02/15/2027 | 0.29% |
| LAM RESEARCH CORP SEDOL 2502247 | 0.26% |
| GUESS INC CV 02.0000 04/15/2024 | 0.26% |
| NOVAVAX INC CV 03.7500 02/01/2023 | 0.25% |
| PENN NATIONAL GAMING CV 02.7500 05/15/2026 | 0.23% |
| BLOOMIN BRAND P/P CV 05.0000 05/01/2025 | 0.14% |
| IAC FINANCECO P/P 144A CV 00.8750 10/01/2022 | 0.13% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2022 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/17/2020 | 0.02% |
| GT ADVANCED TECH INC SEDOL BD70QH2 | 0.00% |
| CINCINNATI BELL INC 06.7500 CUM CV PFD | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| DANAHER CORP 05.0000 CV PFD | 2.19% |
|---|---|
| NEXTERA ENERGY INC 04.8720 CV PFD | 2.14% |
| BROADCOM INC 08.0000 CV PFD | 2.01% |
| PALO ALTO NET CV 00.3750 06/01/2025 | 1.95% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.54% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 1.47% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 1.38% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 1.33% |
| OKTA INC CV 00.3750 06/15/2026 | 1.22% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.19% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 1.17% |
| PIONEER NAT CV 00.2500 05/15/2025 | 1.16% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 1.14% |
| APTIV PLC 05.5000 CV PFD | 1.13% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.12% |
| MICROCHIP TEC CV 01.6250 02/15/2027 | 1.10% |
| BURL STORE CV 02.2500 04/15/2025 | 1.09% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.09% |
| AVANTOR INC 06.2500 CUM CV PFD | 1.06% |
| FIVERR INTL LTD P/P 144A 00.0000 11/01/2025 | 1.06% |
| SQUARE INC CV 00.1250 03/01/2025 | 1.06% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 1.03% |
| TELADOC HE CV 01.2500 06/01/2027 | 1.00% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 1.00% |
| SNAP INC CV 00.7500 08/01/2026 | 0.99% |
| FIVE9 INC CV 00.5000 06/01/2025 | 0.93% |
| WAYFAIR INC P/P 144A CV 00.6250 10/01/2025 | 0.91% |
| ROYAL CARIBBE P/P 144A CV 02.8750 11/15/2023 | 0.91% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.90% |
| BILL.COM P/P 144A CV 00.0000 12/01/2025 | 0.89% |
| UBER TECH INC P/P 144A CV 00.0000 12/15/2025 | 0.88% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.88% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.87% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.87% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.87% |
| CLOUDFLARE CV 00.7500 05/15/2025 | 0.84% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.82% |
| MIDDLEBY CORP P/P 144A CV 01.0000 09/01/2025 | 0.82% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.81% |
| SEA LTD USD 02.3750 12/01/2025 | 0.81% |
| RH CV 00.0000 09/15/2024 | 0.81% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.80% |
| SQUARE INC P/P 144A CV 00.2500 11/01/2027 | 0.79% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.79% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.78% |
| TESLA INC CV 02.0000 05/15/2024 | 0.78% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 0.76% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.76% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.75% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.75% |
| DEXCOM INC CV 00.2500 11/15/2025 | 0.75% |
| EXPEDIA GRP P/P 144A CV 00.0000 02/15/2026 | 0.74% |
| ZSCALER INC. CV 00.1250 07/01/2025 | 0.74% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.74% |
| REVANCE THERA CV 01.7500 02/15/2027 | 0.72% |
| BUNGE LTD 04.8750 CUM CV PFD | 0.72% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.70% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.70% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.70% |
| CHEGG INC P/P 144A CV 00.0000 09/01/2026 | 0.70% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.69% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.69% |
| LIBERTY INTER P/P 144A CV 01.7500 09/30/2046 | 0.68% |
| GUARDANT HEAL P/P 144A CV 00.0000 11/15/2027 | 0.67% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.67% |
| NATERA INC CV 02.2500 05/01/2027 | 0.67% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.67% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.67% |
| OMNICELL INC P/P 144A CV 00.2500 09/15/2025 | 0.67% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.66% |
| BOX INC P/P 144A CV 00.0000 01/15/2026 | 0.66% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.66% |
| SOLAR EDGE TECH P/P 144A 00.0000 09/15/2025 | 0.66% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.66% |
| TECHTARGET P/P 144A CV 00.1250 12/15/2025 | 0.65% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.65% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.64% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.64% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.64% |
| PACIRA PHARMA CV 00.7500 08/01/2025 | 0.63% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.62% |
| AES CORP/THE 06.8750 CV PFD | 0.62% |
| DOMINION ENERGY INC 07.2500 CUM CV PFD | 0.62% |
| SERVICENOW INC SEDOL B80NXX8 | 0.60% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.58% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.58% |
| EQT CORP CV 01.7500 05/01/2026 | 0.58% |
| VAIL RESORTS P/P 144A CV 00.0000 01/01/2026 | 0.58% |
| ATLASSIAN INC CV 00.6250 05/01/2023 | 0.57% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.57% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.56% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.56% |
| LIBERTY MEDIA | 0.55% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.54% |
| TERADYNE INC CV 01.2500 12/15/2023 | 0.54% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.54% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.53% |
| LIVEPERSON IN P/P 144A CV 00.0000 12/15/2026 | 0.53% |
| ZYNGA INC P/P 144A CV 00.0000 12/15/2026 | 0.52% |
| INTEGRA LIFE CV 00.5000 08/15/2025 | 0.52% |
| AMERICAN CV 03.7500 04/15/2025 | 0.52% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.51% |
| REDFIN CORP P/P 144A CV 00.0000 10/15/2025 | 0.51% |
| PG&E CORP 05.5000 CV PFD | 0.51% |
| DISH NETWORK P/P 144A CV 00.0000 12/15/2025 | 0.50% |
| SABRE CORP 06.5000 CV PFD | 0.49% |
| NOVOCURE LTD P/P 144A 00.0000 11/01/2025 | 0.48% |
| ENPHASE EN P/P 144A CV 00.0000 03/01/2028 | 0.48% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.48% |
| NCL CORP LTD CV 05.3750 08/01/2025 | 0.48% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.48% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.47% |
| LYFT INC CV 01.5000 05/15/2025 | 0.47% |
| 1LIFE HEALTH CV 03.0000 06/15/2025 | 0.47% |
| CALLAWAY GOLF CV 02.7500 05/01/2026 | 0.46% |
| SUNRUN INC P/P 144A CV 00.0000 02/01/2026 | 0.46% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.43% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.43% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.42% |
| ESSENTIAL UTILITIES INC 06.0000 CV PFD | 0.42% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.40% |
| CLARIVATE PLC 05.2500 CV PFD | 0.40% |
| INSMED INC CV 00.7500 06/01/2028 | 0.33% |
| MICROSTRATEGY P/P 144A CV 00.0000 02/15/2027 | 0.28% |
| LAM RESEARCH CORP SEDOL 2502247 | 0.28% |
| GUESS INC CV 02.0000 04/15/2024 | 0.25% |
| PENN NATIONAL GAMING CV 02.7500 05/15/2026 | 0.20% |
| IAC FINANCECO P/P 144A CV 00.8750 10/01/2022 | 0.15% |
| BLOOMIN BRAND P/P CV 05.0000 05/01/2025 | 0.14% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2021 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/17/2020 | 0.02% |
| GT ADVANCED TECH INC SEDOL BD70QH2 | 0.00% |
| CINCINNATI BELL INC 06.7500 CUM CV PFD | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
| BROADCOM INC 08.0000 CV PFD | 2.06% |
|---|---|
| NEXTERA ENERGY INC 04.8720 CV PFD | 2.03% |
| PALO ALTO NET CV 00.3750 06/01/2025 | 1.84% |
| DANAHER CORP 05.0000 CV PFD | 1.79% |
| EXACT SCIENCES CORP CV 00.3750 03/01/2028 | 1.59% |
| SOUTHWEST AIRLINES CO CV 01.2500 05/01/2025 | 1.58% |
| ZILLOW GROUP INC CV 02.7500 05/15/2025 | 1.52% |
| RINGCENTRAL CV 00.0000 03/01/2025 | 1.38% |
| PIONEER NAT CV 00.2500 05/15/2025 | 1.25% |
| COUPA SOFTWAR CV 00.3750 06/15/2026 | 1.25% |
| OKTA INC CV 00.3750 06/15/2026 | 1.21% |
| TESLA INC CV 02.0000 05/15/2024 | 1.17% |
| AKAMAI TECH CV 00.3750 09/01/2027 | 1.16% |
| IAC FIN 2 P/P 144A CV 00.8750 06/15/2026 | 1.14% |
| MICROCHIP TEC CV 01.6250 02/15/2027 | 1.14% |
| T-MOBILE US INC P/P 144A 05.2500 CV PFD | 1.09% |
| ETSY INC P/P 144A CV 00.2500 06/15/2028 | 1.08% |
| APTIV PLC 05.5000 CV PFD | 1.06% |
| BURL STORE CV 02.2500 04/15/2025 | 1.06% |
| TELADOC HE CV 01.2500 06/01/2027 | 1.05% |
| FORD MOTOR CO P/P 144A CV 00.0000 03/15/2026 | 1.05% |
| SQUARE INC CV 00.1250 03/01/2025 | 1.04% |
| FIVERR INTL LTD P/P 144A 00.0000 11/01/2025 | 1.04% |
| AVANTOR INC 06.2500 CUM CV PFD | 1.01% |
| BOOKING HLDS CV 00.7500 05/01/2025 | 0.99% |
| WAYFAIR INC P/P 144A CV 00.6250 10/01/2025 | 0.99% |
| FIVE9 INC P/P 144A CV 00.5000 06/01/2025 | 0.95% |
| ROYAL CARIBBE P/P 144A CV 02.8750 11/15/2023 | 0.95% |
| SHIFT4 PAYMEN P/P 144A CV 00.0000 12/15/2025 | 0.93% |
| UBER TECH INC P/P 144A CV 00.0000 12/15/2025 | 0.91% |
| SNAP INC CV 00.7500 08/01/2026 | 0.90% |
| ON SEMICONDUC P/P 144A CV 00.0000 05/01/2027 | 0.89% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.89% |
| CLOUDFLARE CV 00.7500 05/15/2025 | 0.88% |
| AIRBNB INC P/P 144A CV 00.0000 03/15/2026 | 0.87% |
| JOHN BEAN TEC P/P 144A CV 00.2500 05/15/2026 | 0.86% |
| DRAFTKINGS P/P 144A CV 00.0000 03/15/2028 | 0.84% |
| RH CV 00.0000 09/15/2024 | 0.82% |
| BILL.COM P/P 144A CV 00.0000 12/01/2025 | 0.82% |
| SNAP INC P/P 144A CV 00.0000 05/01/2027 | 0.81% |
| SPLUNK INC CV 01.1250 06/15/2027 | 0.81% |
| SEA LTD USD 02.3750 12/01/2025 | 0.80% |
| ZENDESK INC CV 00.6250 06/15/2025 | 0.80% |
| SQUARE INC P/P 144A CV 00.2500 11/01/2027 | 0.78% |
| HUBSPOT INC CV 00.3750 06/01/2025 | 0.78% |
| BANK OF AMERICA CORP SEDOL 2295677 | 0.77% |
| CERIDIAN HCM P/P 144A CV 00.2500 03/15/2026 | 0.76% |
| ENVISTA HLDGS CV 02.3750 06/01/2025 | 0.76% |
| EXPEDIA GRP P/P 144A CV 00.0000 02/15/2026 | 0.75% |
| KKR & CO INC 06.0000 CUM CV PFD | 0.75% |
| MIDDLEBY CORP P/P 144A CV 01.0000 09/01/2025 | 0.75% |
| REVANCE THERA CV 01.7500 02/15/2027 | 0.73% |
| INSULET CORP CV 00.3750 09/01/2026 | 0.72% |
| NCL CORP LTD P/P 144A CV 05.3750 08/01/2025 | 0.72% |
| 2020 MANDATORY EXCH P/P 144A 06.5000 CV PFD | 0.71% |
| GUARDANT HEAL P/P 144A CV 00.0000 11/15/2027 | 0.71% |
| BUNGE LTD 04.8750 CUM CV PFD | 0.70% |
| LIBERTY MEDIA P/P 144A CV 02.7500 12/01/2049 | 0.70% |
| ZSCALER INC. P/P 144A CV 00.1250 07/01/2025 | 0.70% |
| SHOPIFY INC USD 00.1250 11/01/2025 | 0.69% |
| SOLAR EDGE TECH P/P 144A 00.0000 09/15/2025 | 0.68% |
| DEXCOM INC CV 00.2500 11/15/2025 | 0.68% |
| OMNICELL INC P/P 144A CV 00.2500 09/15/2025 | 0.68% |
| BOX INC P/P 144A CV 00.0000 01/15/2026 | 0.68% |
| IRONWOOD PHAR CV 01.5000 06/15/2026 | 0.68% |
| TECHTARGET P/P 144A CV 00.1250 12/15/2025 | 0.68% |
| ELANCO ANIMAL HEALTH INC 05.0000 CV PFD | 0.67% |
| BENTLEY SYS P/P 144A CV 00.3750 07/01/2027 | 0.67% |
| CHEGG INC P/P 144A CV 00.0000 09/01/2026 | 0.67% |
| CABLE ONE INC P/P 144A CV 01.1250 03/15/2028 | 0.66% |
| 1LIFE HEALTH CV 03.0000 06/15/2025 | 0.66% |
| NATERA INC CV 02.2500 05/01/2027 | 0.66% |
| TWITTER INC P/P 144A CV 00.0000 03/15/2026 | 0.66% |
| LIBERTY INTER P/P 144A CV 01.7500 09/30/2046 | 0.65% |
| NEOGENOMICS INC CV 00.2500 01/15/2028 | 0.65% |
| NEXTERA ENGY P/P 144A CV 00.0000 11/15/2025 | 0.64% |
| LUMENTUM HOLD CV 00.5000 12/15/2026 | 0.63% |
| CONMED CORP CV 02.6250 02/01/2024 | 0.63% |
| NATIONAL VIS CV 02.5000 05/15/2025 | 0.63% |
| PACIRA PHARMA P/P 144A CV 00.7500 08/01/2025 | 0.62% |
| BANK OF AMERICA CORP 07.2500 CV PFD | 0.61% |
| NOVOCURE LTD P/P 144A 00.0000 11/01/2025 | 0.61% |
| DOMINION ENERGY INC 07.2500 CUM CV PFD | 0.60% |
| WINNEBAGO IND CV 01.5000 04/01/2025 | 0.60% |
| VAIL RESORTS P/P 144A CV 00.0000 01/01/2026 | 0.59% |
| SHAKE SHACK I P/P 144A CV 00.0000 03/01/2028 | 0.58% |
| LIBERTY MEDIA | 0.57% |
| PG&E CORP 05.5000 CV PFD | 0.57% |
| TERADYNE INC CV 01.2500 12/15/2023 | 0.57% |
| SERVICENOW INC SEDOL B80NXX8 | 0.56% |
| DICK'S SPORT CV 03.2500 04/15/2025 | 0.56% |
| AMERICAN CV 03.7500 04/15/2025 | 0.55% |
| TANDEM DIABET P/P 144A CV 01.5000 05/01/2025 | 0.55% |
| EVERBRIDGE IN P/P 144A CV 00.0000 03/15/2026 | 0.54% |
| IMAX CORP P/P 144A 00.5000 04/01/2026 | 0.54% |
| JETBLUE AIR P/P 144A CV 00.5000 04/01/2026 | 0.54% |
| ZYNGA INC P/P 144A CV 00.0000 12/15/2026 | 0.53% |
| REDFIN CORP P/P 144A CV 00.0000 10/15/2025 | 0.53% |
| BOSTON SCIENTIFIC CORP 05.5000 CV PFD | 0.53% |
| DISH NETWORK CV 03.3750 08/15/2026 | 0.52% |
| DATADOG INC CV 00.1250 06/15/2025 | 0.52% |
| LIVEPERSON IN P/P 144A CV 00.0000 12/15/2026 | 0.52% |
| ENVESTNET INC P/P 144A CV 00.7500 08/15/2025 | 0.51% |
| SABRE CORP 06.5000 CV PFD | 0.51% |
| CYBERARK SFTWARE USD 00.0000 11/15/2024 | 0.50% |
| INTEGRA LIFE CV 00.5000 08/15/2025 | 0.50% |
| DISH NETWORK P/P 144A CV 00.0000 12/15/2025 | 0.50% |
| LYFT INC CV 01.5000 05/15/2025 | 0.50% |
| HALOZYME THER P/P 144A CV 00.2500 03/01/2027 | 0.49% |
| CHEESECAKE FACTR CV 00.3750 06/15/2026 | 0.48% |
| REPLIGEN CORP CV 00.3750 07/15/2024 | 0.48% |
| CALLAWAY GOLF CV 02.7500 05/01/2026 | 0.48% |
| ENPHASE EN P/P 144A CV 00.0000 03/01/2028 | 0.46% |
| SUNRUN INC P/P 144A CV 00.0000 02/01/2026 | 0.46% |
| CLARIVATE PLC 05.2500 CV PFD | 0.46% |
| FUBOTV INC P/P 144A CV 03.2500 02/15/2026 | 0.46% |
| ATLASSIAN INC CV 00.6250 05/01/2023 | 0.45% |
| LIBERTY MEDIA CV 01.3750 10/15/2023 | 0.43% |
| SAILPOINT TCH CV 00.1250 09/15/2024 | 0.41% |
| ESSENTIAL UTILITIES INC 06.0000 CV PFD | 0.40% |
| AES CORP/THE 06.8750 CV PFD | 0.36% |
| INSMED INC CV 00.7500 06/01/2028 | 0.36% |
| CINEMARK HOLD P/P 144A CV 04.5000 08/15/2025 | 0.28% |
| LAM RESEARCH CORP SEDOL 2502247 | 0.28% |
| MICROSTRATEGY P/P 144A CV 00.0000 02/15/2027 | 0.28% |
| GUESS INC CV 02.0000 04/15/2024 | 0.28% |
| EXXON MOBIL CORP SEDOL 2326618 | 0.25% |
| CARNIVAL CORP CV 05.7500 04/01/2023 | 0.22% |
| PENN NATIONAL GAMING CV 02.7500 05/15/2026 | 0.22% |
| IAC FINANCECO P/P 144A CV 00.8750 10/01/2022 | 0.16% |
| BLOOMIN BRAND P/P CV 05.0000 05/01/2025 | 0.15% |
| CHINA MEDICAL TECH INC USD 04.0000 08/15/2021 | 0.02% |
| CHINA MED TECH P/P 144A 06.2500 12/17/2020 | 0.02% |
| GT ADVANCED TECH INC SEDOL BD70QH2 | 0.00% |
| CINCINNATI BELL INC 06.7500 CUM CV PFD | 0.00% |
| POWERWAVE TECHNOLOGIES CV 03.8750 10/01/2027 | 0.00% |
Portfolio composition as of 09/30/21
| Convertible bonds and notes | 76.95% |
|---|---|
| Mandatories | 16.50% |
| Cash and net other assets | 3.17% |
| Common stock | 1.87% |
| Convertible preferred stock | 1.51% |
Equity statistics as of 09/30/21
| Median market cap | $15.21B |
|---|---|
| Weighted average market cap | $49.76B |
| Price to book | 5.01 |
| Price to earnings | 44.25 |
Fixed income statistics as of 09/30/21
| Average stated maturity | 4.35 yrs. |
|---|---|
| Average effective duration | 1.59 yrs. |
| Average yield to maturity | -4.33% |
| Average coupon | 1.64% |
Maturity detail as of 09/30/21
| 0 - 1 yr. | 12.02% |
|---|---|
| 1 - 5 yrs. | 67.03% |
| 5 - 10 yrs. | 18.95% |
| Over 15 yrs. | 2.00% |
Quality rating as of 09/30/21
| A | 3.06% |
|---|---|
| BBB | 6.50% |
| BB | 6.70% |
| B | 0.54% |
| CCC and Below | 0.52% |
| Not Rated | 79.51% |
| Cash and net other assets | 3.17% |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: Convertible securities prices may fall or fail to rise over time for several reasons, including general financial market conditions, changing market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry. 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 outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on 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 09/30/21
| Information technology | 29.50% |
|---|---|
| Consumer discretionary | 18.43% |
| Health care | 17.45% |
| Communication services | 11.93% |
| Industrials | 7.77% |
| Utilities | 5.19% |
| Cash and net other assets | 3.17% |
| Financials | 2.78% |
| Energy | 1.89% |
| Other | 1.89% |
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 09/30/21
| United States | 92.40% |
|---|---|
| Cash and net other assets | 3.17% |
| Israel | 1.41% |
| Canada | 1.25% |
| Singapore | 0.77% |
| United Kingdom | 0.53% |
| Jersey | 0.43% |
| China | 0.04% |
0
Expenses
Expense ratio |
Class A | Class B | Class C | Class R | Class R6 | Class Y |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.04% | 1.79% | 1.79% | 1.29% | 0.72% | 0.79% |
| What you pay | 1.04% | 1.79% | 1.79% | 1.29% | 0.72% | 0.79% |
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: Convertible securities prices may fall or fail to rise over time for several reasons, including general financial market conditions, changing market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry. 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 outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on 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.