Today we are featuring top-performing “Convertible" fixed income mutual funds, which primarily invest in convertible securities in search of growth and/or income because convertible securities provide protection against market fluctuations, while providing a steady income stream. However, these securities are often rather expensive and difficult for the average and beginning investor to purchase. Mutual funds, however, offer easier access to these instruments since they require lower minimum investments.

Investors can find such fixed income funds by checking out the entire list of the Zacks #1 Rank Convertible Fixed Income Funds.

3 Great Convertible Choices

Putnam Convertible Income-Growth A (PCONX) seeks both current income and capital appreciation, with growth of capital as a secondary objective. It was incepted in June 1972.

This fixed income fund invests mainly in convertible securities of large and mid-sized companies. A large share of the funds assets, at least 80%, is held in equity securities. In addition,

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Today we are featuring top-performing "Convertible" fixed income mutual funds, which primarily invest in convertible securities in search of growth and/or income.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Convertible Fixed Income Funds.

3 Solid Picks

Calamos Convertible Fund A (CCVIX) seeks current income, with growth as a secondary objective. It was founded in June 1985.

The fund generally invests in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. Dividends are declared and paid quarterly. Capital gains, if any, are distributed annually.

John P. Calamos has been lead manager at the fund since June 1985. As a founder of Calamos Asset Management Inc, he has discovered many techniques to help manage risk for both institutional and individual investors over the last thirty years. The fund has an expense ratio of 1.09%.

Franklin Convertible Securities A (FISCX), founded in

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