Vanguard Convertible Securities Fund Investor Shares (VCVSX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide current income and long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its assets in U.S. and foreign convertible securities, which are hybrid securities that combine the investment characteristics of bonds and common stocks. Convertible securities include corporate bonds and preferred stocks that are convertible into common stock, as well as debt securities with warrants or common stock attached. Many convertible securities have credit ratings that are below investment grade.


1 month-0.55% 3 years+9.63%
3 months-0.32% 5 years+9.50%
1 year+1.09% Since inception+8.47%
Data through --

Peer Comparisonvs. Convertibles

Performance 5-yr return+9.50%+9.73%
Expense ratio0.63%1.36%
Risk 5 year sharpe ratio0.930.96
Net assets$1.9B$923.9M
Average market cap--$26.1B
Average P/E--16.6
Portfolio turnover85%85%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureLarry Keele / 18 Years
Minimal initial investment$3,000.00
Minimum IRA investment$3,000.00


Fixed income5.33%
U.S. stock0.64%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Financial service 62.05%
Utilities 37.95%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
-- Micron Tech Cv 3%1.91%
-- Nvidia 144A Cv 1%1.79%
-- Jazz Investments I 144A 1.875%1.72%
-- Cobalt Intl Engy Cv 3.125%1.59%
-- Healthsouth 144A Cv 2%1.56%
-- Nuvasive Cv 2.75%1.54%
-- Salesforce Com Cv 0.25%1.53%
-- Omnicare Cv 3.5%1.43%
-- On Semicon Cv 2.625%1.41%
-- Liberty Media Corp Delawa 144A Cv 1.375%1.34%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.