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My Fund Comparison
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Advent Convertible and Income Fund  as of 06/11/2021

NYSE / AVK Asset Class:  Convertible Sec Funds 1 YR Lipper Avg:  44.70%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return 9.23% 16.50% 62.74% 21.73%
Lipper Pct. Rank 64 70 15 8
NAV Return 8.05% 13.84% 51.59% 10.51%
Lipper Pct. Rank 82 70 24 8
Premium/Discount History

10 YR Avg 5 YR Avg YTD Avg
-10.118% -10.927% -13.200%

NAV $20.60 Market Price $19.45
Net Change $0.10 Market Change $0.42
Premium/Discount -5.58%
1 YR NAV Return 51.586%
1 YR NAV Rank 24
12-Mo Yield as of 4/30/2021 Yield Def
Income Only Yield 2.14%
Distribution Yield (Market) 7.21%
Most Recent Income Dividend $0.117
Ex-Div Date 5/13/2021
Most Recent Cap Gain Dividend $0.081
Ex-Div Date 10/12/2018
Dividend Frequency Monthly
YTD Dividends $0.469
YTD Capital Gains --
Inception Date 4/30/2003
Fund Advisor Advent Capital Management LLC
Manager & Tenure Latronica since 2011
Maitland since 2003
Phone 866-488-3559
Total Net Assets (mil) as of 5/31/2021 $699.9
% Leveraged Assets as of 10/31/2020 38.86%
Portfolio Turnover 242.00%
Mgmt Fees 0.915%
Expense Ratio 3.980%
Fund Objective
The Fund seeks to provide total return, through a combination of capital appreciation and current income by investing primarily in a diversified portfolio of convertible securities and non-convertible income securities.
Top Holdings (as of 1/31/2021)
Morgan Stanley Inst Liq Govt Port;Institutional 5.84%
Broadcom Inc 1.71%
Wells Fargo & Co PFD 1.30%
KKR & Co Inc PFD 1.29%
Change Healthcare Inc 1.21%
Bank of America Corp 1.10%
Boston Scientific Corp PFD 0.98%
Colfax Corp 0.86%
Nextera Energy Inc 0.85%
Medtronic PLC ORD 0.75%
Top Sectors (as of 1/31/2021)
Financials 6.97%
Health Care 3.50%
Consumer Services 2.99%
Technology 2.70%
Industrials 2.47%
Non Classified Equity 1.92%
Consumer Goods 1.04%
Oil & Gas 0.87%

Closed-End Funds Mid-year Review 

Axel Merk and Peter Maletis of Merk Investments discuss their outlook and insights on Gold, Precious Metals and Mining for investors concerned about inflation or seeking diversification.


The views and opinions expressed in the replay are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on factors such as market conditions or legal and regulatory developments. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).


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