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Synthetic Convertible
(redirected from Synthetic Convertibles)

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Synthetic convertible
Combination of usable bonds and warrants (that expire on or after the bonds' maturity) that resembles convertible bond.

Synthetic Convertible
A bondand a warrant or right that are issued separately, but are combined together to create the same effect as a convertible bond.


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The Fund seeks income and capital appreciation by investing approximately 75% of its total assets in investment grade, fixed-income securities, with the remainder of the Fund's assets invested in convertible and non-convertible debt obligations (including high yield bonds) as well as equity securities and synthetic convertibles.
 
 
 
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