American Century Quality Convertible Securities Fund (QCON)

Overview

The presented company operates in the financial sector, focusing on managing a fund that invests predominantly in convertible securities. Convertible securities are unique financial instruments that possess characteristics of both bonds and common stocks. These securities may include debt securities and preferred stocks, which offer the potential for conversion into a prescribed amount of common stock or other equity securities of the same or a different issuer. This conversion can occur within a specified timeframe and at a predetermined price. The company's investment strategy emphasizes flexibility, allowing for investment in high-yield securities, albeit with a non-diversified fund approach. At least 80% of the fund's net assets, including any borrowings for investment purposes, are allocated towards these convertible securities under normal market conditions.

Products and Services

• Convertible Securities Investment

  The core product of the company is an investment fund focused on convertible securities. This fund strategically invests in a mix of debt securities and preferred stocks that can be converted into common stock or other forms of equity. These investments are chosen with the goal of leveraging the dual benefits of fixed-income securities and the growth potential of stocks, catering to investors seeking both stability and growth opportunities.

• High-Yield Securities Investment

  As part of its diversified strategy, the company also offers investment options in high-yield securities. These are typically higher risk compared to conventional bonds but offer higher returns to compensate for this increased risk. This product is suited for investors who are looking for higher income opportunities and are comfortable with the corresponding risk level.