Advent Convertible and Income Fund

Frequently Asked Questions About AVK

What does AVK invest in?

Managed by Advent Capital Management, LLC, the Advent Claymore Convertible Securities and Income Fund functions as a closed-ended mutual fund primarily targeting fixed income investments within the United States. It strategically allocates capital to companies operating across a variety of diversified sectors. Approximately 60% of its holdings are dedicated to convertible securities, with the remainder invested in lower-rated non-convertible income instruments. The fund's portfolio is meticulously constructed using a fundamental analysis approach. Established on April 29, 2003, this fund is officially domiciled in the United States.

What is the expense ratio of AVK?

Advent Convertible and Income Fund (AVK) charges an expense ratio of 4.53%. This is the annual fee deducted from fund assets to cover management and operations.

What is AVK's dividend yield?

AVK's trailing-twelve-month yield is 11.28%, calculated from the sum of dividends over the past year divided by the current price.

How big is AVK?

Advent Convertible and Income Fund (AVK) manages $431.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AVK actively managed or an index fund?

AVK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was AVK launched?

Advent Convertible and Income Fund (AVK) launched in April 2003 and is managed by the fund issuer.