Advent Convertible & Income Fund Overview
Pro stress-test →Advent Convertible & Income Fund is a diversified closed-end management investment company with an investment objective to provide total return through a combination of capital appreciation and current income. The Fund invests at least 80% of managed assets in a diversified portfolio of convertible securities and non-convertible income-producing securities, maintaining at least 30% in convertibles and up to 70% in lower-grade non-convertible income securities.
Strategic Profile
Pro stress-test →The Fund employs active security selection and flexible asset allocation to exploit mispricings across interest rate and equity markets while utilizing leverage and derivative instruments within a risk-controlled framework. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
Competitive Landscape
Pro stress-test →AVK competes within the closed-end fund space with other convertible and income-focused funds including Calamos Convertible Opportunities & Value Fund (CHI), Virtus Convertible & Income Fund (NCV), and Invesco Convertible Security ETF (CVTL). The Fund's active management and leverage strategy differentiate it from passively-managed ETF competitors.
Industry Context
Advent Convertible & Income Fund operates in Convertible securities funds.
Key facts
Founded: 2003 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A