I was looking at the composition of one of my mutual funds shown below and .5% is comprised of convertibles? What is a convertible as it applies to mutual funds? Is .5% of my mutual fund made up of Honda S2000's?

T. Rowe Price Mid-Cap Value
Asset Allocations, % of Total Net Assets As of 12-31-2003

Domestic Stock 86.9%
Foreign Stock 6.7%
Cash 5.9%
Convertibles 0.5%

 

"Convertible bonds, also called converts, are corporate bonds that investors can switch into the company's stock instead of redeeming them for cash when the bonds mature."

I was curious too, and googled this for you:
http://www.thestreet.com/funds/funds/1015480.html