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-2.65% 3 years+13.44%
3 months-3.12% 5 years+10.37%
1 year+6.98% Since inception+8.71%
Data through --

Peer Comparisonvs. Convertibles

Performance 5-yr return+10.37%+13.90%
Expense ratio0.63%1.30%
Risk 5 year sharpe ratio1.161.16
Net assets$2.2B$1.0B
Average market cap--$23.4B
Average P/E--20.4
Portfolio turnover101%101%

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Fund Management and Purchase Info

Fund familyVanguard
Fund manager & tenureLarry Keele / 17 Years
Minimal initial investment$3,000.00
Minimum IRA investment$3,000.00


Fixed income4.74%
U.S. stock0.65%
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
-- Cobalt Intl Engy Cv 3.125%1.79%
-- Micron Tech Cv 3%1.75%
-- Nvidia 144A Cv 1%1.75%
-- Priceline Grp Cv 0.35%1.58%
-- Liberty Media Corp Delawa 144A Cv 1.375%1.51%
-- Lam Rsrch Cv 0.5%1.49%
-- Nuvasive Cv 2.75%1.48%
-- Salesforce Com Cv 0.25%1.48%
-- Healthsouth 144A Cv 2%1.48%
-- Brookdale Sr Living Cv 2.75%1.44%

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