Advent Convertible & Income Fund:AVK

    Manage Alerts

    Overview

    As of 6/7/2023

     Share
    Price
    NAVPremium/
    Discount
    Current$11.48$12.42-7.57%
    52 Wk Avg$12.09$12.68-4.74%
    52 Wk High$14.99$14.214.52%
    52 Wk Low$10.34$11.73-11.78%
    Regular Distribution TypeIncome Only
    Distribution RateN/A
    Distribution Amount 
    Distribution Frequency 
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to provide total return, through a combination of capital appreciation and current income. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.

    Capital Structure

    As of 6/7/2023

    Total Investment Exposure:$778.670M
    Total Common Assets:$429.655M
    Common Shares Outstanding:34,593,768
    Leverage

    As of 6/7/2023

    Preferred Share Assets:
    Total Debt (USD): $349.015M
    Regulatory Leverage (USD): $173.000M
    Effective Leverage (USD): $349.015M
    Effective Leverage (%): 44.82%
    Annual Expense Ratios

    As of 10/31/2022

      Per Common Share
    Management Fees0.91%
    Other Expenses:0.60%
    Baseline Expense: N/A
    Interest Expense:2.02%
    Total: 3.54%
    Fund Management

    Fund Sponsor
    Guggenheim Investments Asset Management

    Portfolio Managers
    Paul L. Latronica, Tony T Huang, Tracy V. Maitland

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: AVK
    NAV Ticker: XAVKX
    Average Daily Volume (shares): 111,701
    Average Daily Volume (USD): $1.344M
    Inception Date: 4/29/2003
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    ERROR: No data

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/7/2023

    PeriodAvg Discount
    6 Month-6.01%
    1 Year-4.74%
    3 Year-7.25%
    5 Year-8.76%
    Z-Score

    As of 6/7/2023

    PeriodZStat
    3 Month-0.93
    6 Month-0.68
    1 Year-0.77
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2023
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.18%2.38%2.80%2.69%
    2022-34.37%-24.23%-29.07%-25.53%
    202129.96%8.33%13.98%5.77%
    202017.74%22.95%25.59%32.33%
    201936.53%25.74%33.46%25.30%
    2018-13.36%-8.16%-10.90%-6.14%
    201717.30%12.73%18.81%12.46%
    201617.98%10.45%17.56%11.29%
    2015-11.11%-5.25%-13.28%-6.40%
    2014-6.13%-5.10%4.99%1.66%
    201322.65%22.38%20.17%19.89%
    201217.45%14.00%13.75%15.53%
    2011-11.76%-8.45%-8.82%-5.62%
    201027.18%18.80%  
    200955.84%62.33%  
    2008-47.04%-49.66%  
    2007-10.44%5.54%  
    200639.12%15.38%  
    2005-5.01%4.15%  
    200410.09%9.66%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2023
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/7/2023
    3.57%
    Number of Holdings:
    As of 1/31/2023
    363
    Annual Portfolio Turnover:
    As of 10/31/2022
    186.00%
    Average Bond Price:
    As of 1/31/2023
    $98.95
    Asset Allocation

    As of 1/31/2023

    Top Sectors

    As of 1/31/2023

    Sector%Portfolio
    Corporate (Super Sector)85.03%
    Corporate Bond44.57%
    Convertible35.34%
    Sensitive (Super Sector)6.08%
    Preferred Stock3.92%
    Cyclical (Super Sector)3.28%
    Cash Equivalents (Super Sector)2.77%
    Cash Equivalents2.77%
    Defensive (Super Sector)2.12%
    Energy1.92%
    Top Holdings

    As of 1/31/2023

    HoldingValue% Portfolio
    Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-$9.73M1.20%
    Ford Motor Company 0.11538%$9.24M1.14%
    Southwest Airlines Co. 1.25%$7.84M0.97%
    BILL Holdings Inc$6.62M0.82%
    Shift4 Payments Inc$6.39M0.79%
    Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-$6.36M0.78%
    Marriott Vacations Worldwide Corp 3.25%$6.10M0.75%
    Zillow Group Inc 1.375%$5.98M0.74%
    Live Nation Entertainment, Inc. 3.125%$5.75M0.71%
    NCL Corporation Ltd. 5.375%$5.67M0.70%
    Credit Quality

    As of 1/31/2023

    Maturity Breakdown

    As of 1/31/2023

    Country Allocation

    As of 1/31/2023

    Country% Portfolio
    United States - Fixed Income35.01%
    United States - Equity10.74%
    Canada - Fixed Income1.39%
    Others - Fixed Income0.69%
    Brazil - Equity0.38%
    Netherlands - Equity0.37%
    Australia - Fixed Income0.32%
    Israel - Fixed Income0.24%
    Japan - Fixed Income0.22%
    India - Fixed Income0.21%
    China - Fixed Income0.15%
    Netherlands - Fixed Income0.10%
    United Kingdom - Fixed Income0.02%
    Mexico - Fixed Income0.02%
    Brazil - Fixed Income0.01%
    France - Fixed Income0.01%
    Argentina - Fixed Income0.01%
    Germany - Fixed Income0.01%
    Colombia - Fixed Income0.01%
    South Africa - Fixed Income0.01%
    Turkey - Fixed Income0.00%
    Spain - Fixed Income0.00%
    Sweden - Fixed Income0.00%
    Thailand - Fixed Income0.00%
    Peru - Fixed Income0.00%
    Ireland - Fixed Income0.00%
    Pakistan - Fixed Income0.00%
    Chile - Fixed Income0.00%
    Malaysia - Fixed Income0.00%
    Vietnam - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Russia - Fixed Income0.00%
    Czech Republic - Fixed Income0.00%
    Others - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X