Advent Convertible and Income Fund

Advent Convertible and Income Fundverified

AVK

Price:

$12.1371

Market Cap:

$419.87M

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-04-30

Stock Exchange

NYSE

Ticker

AVK

The ROE as of September 2024 (TTM) for Advent Convertible and Income Fund (AVK) is 14.57%

According to Advent Convertible and Income Fund’s latest financial reports and current stock price. The company's current ROE is 14.57%. This represents a change of 335.72% compared to the average of 3.34% of the last 4 quarters.

Advent Convertible and Income Fund (AVK) Historical ROE (quarterly & annually)

How has AVK ROE performed in the past?

The mean historical ROE of Advent Convertible and Income Fund over the last ten years is 1.59%. The current 14.57% ROE has changed 815.24% with respect to the historical average. Over the past ten years (40 quarters), AVK's ROE was at its highest in in the April 2021 quarter at 24.86%. The ROE was at its lowest in in the April 2022 quarter at -21.44%.

Quarterly (TTM)
Annual

Average

1.59%

Median

2.37%

Minimum

-39.82%

Maximum

27.26%

Advent Convertible and Income Fund (AVK) ROE by Quarter and Year

Discovering the peaks and valleys of Advent Convertible and Income Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 482.12%

Maximum Annual ROE = 27.26%

Minimum Annual Increase = -425.89%

Minimum Annual ROE = -39.82%

Quarterly (TTM)
Annual
YearROEChange
2023-1.88%-95.28%
2022-39.82%-246.05%
202127.26%290.18%
20206.99%-26.00%
20199.44%-425.89%
2018-2.90%-117.55%
201716.51%482.12%
20162.84%-163.92%
2015-4.44%-331.90%
20141.91%-89.45%

Advent Convertible and Income Fund (AVK) Average ROE

How has AVK ROE performed in the past?

The current ROE of Advent Convertible and Income Fund (AVK) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-4.81%

5-year avg

0.40%

10-year avg

1.59%

Advent Convertible and Income Fund (AVK) ROE vs. Peers

How is AVK’s ROE compared to its peers?

Advent Convertible and Income Fund’s ROE is greater than Nuveen Short Duration Credit Opportunities Fund (-5.65%), less than Nuveen Global High Income Fund (14.19%), greater than Nuveen Senior Income Fund (-4.71%), less than Blackstone/GSO Strategic Credit Fund (15.97%), less than Thornburg Income Builder Opportunities Trust (20.40%), less than Western Asset Diversified Income Fund (15.92%), less than Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (12.79%), greater than Cohen & Steers Real Estate Opportunities Income Fund (0%), less than Legg Mason BW Global Income Opportunities Fund Inc. (9.13%), less than Western Asset Global High Income Fund Inc. (17.73%), less than Pioneer Floating Rate Fund, Inc. (10.79%), less than Nuveen Core Equity Alpha Fund (19.82%), greater than BlackRock MuniHoldings Fund, Inc. (-0.09%), less than DTF Tax-Free Income 2028 Term Fund Inc. (0.36%), less than John Hancock Income Securities Trust (4.59%), less than MFS Investment Grade Municipal Trust (3.44%), less than Virtus Convertible & Income 2024 Target Term Fund (21.86%), less than Nuveen Taxable Municipal Income Fund (12.19%), less than BlackRock Taxable Municipal Bond Trust (3.65%), less than DWS Municipal Income Trust (2.78%), less than Eaton Vance Senior Income Trust (21.34%),

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