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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Advent Convertible and Income Fund

XAVKX | Fund

$12.31

$487 M

0.00%

2.77%

Vitals

YTD Return

-2.8%

1 yr return

6.5%

3 Yr Avg Return

-14.7%

5 Yr Avg Return

-5.7%

Net Assets

$487 M

Holdings in Top 10

9.5%

52 WEEK LOW AND HIGH

$12.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 126.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Advent Convertible and Income Fund

XAVKX | Fund

$12.31

$487 M

0.00%

2.77%

XAVKX - Profile

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return -14.7%
  • 5 Yr Annualized Total Return -5.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Advent Convertible and Income Fund
  • Fund Family Name
    Guggenheim Investments Asset Management
  • Inception Date
    Sep 10, 2003
  • Shares Outstanding
    34525222
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tracy Maitland

Fund Description

XAVKX - Performance

Return Ranking - Trailing

Period XAVKX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -3.1% 16.4% 100.00%
1 Yr 6.5% 5.3% 24.5% 98.70%
3 Yr -14.7%* -16.2% 2.9% 98.68%
5 Yr -5.7%* -6.6% 12.3% 98.61%
10 Yr -0.8%* -0.8% 11.0% 100.00%

* Annualized

Return Ranking - Calendar

Period XAVKX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -7.7% 13.1% 82.05%
2022 -31.5% -37.8% -12.8% 96.10%
2021 -6.3% -18.9% 2.4% 15.58%
2020 12.4% 5.9% 54.0% 95.89%
2019 15.4% 9.9% 24.4% 46.58%

Total Return Ranking - Trailing

Period XAVKX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -3.1% 16.4% 100.00%
1 Yr 6.5% 5.3% 24.5% 98.70%
3 Yr -14.7%* -16.2% 2.9% 98.68%
5 Yr -5.7%* -6.6% 12.3% 98.61%
10 Yr -0.8%* -0.8% 11.0% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XAVKX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -7.7% 15.3% 93.59%
2022 -31.5% -37.8% -10.6% 96.10%
2021 -6.3% -12.2% 11.3% 96.10%
2020 12.4% 8.7% 64.4% 95.89%
2019 20.5% 12.2% 28.7% 78.08%

NAV & Total Return History

XAVKX - Holdings

Concentration Analysis

XAVKX Category Low Category High XAVKX % Rank
Net Assets 487 M 13.4 M 3.69 B 71.79%
Number of Holdings 381 42 381 1.28%
Net Assets in Top 10 88.6 M 3.92 M 584 M 76.92%
Weighting of Top 10 9.51% 9.5% 49.4% 100.00%

Top 10 Holdings

  1. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 1.28%
  2. Ford Motor Company 0.11538% 1.24%
  3. Southwest Airlines Co. 1.25% 1.22%
  4. IAC Financeco 2 Inc / IAC Financeco 3 Inc 0.88% 1.17%
  5. Herbalife Nutrition Ltd 2.62% 1.16%
  6. Palo Alto Networks Inc 0.375% 1.07%
  7. Pioneer Natural Resources Company 0.25% 1.03%
  8. Splunk Inc 0.5% 1.01%
  9. Becton, Dickinson and Co PRF PERPETUAL USD 50 - 1/20TH INT Ser B 0.94%
  10. Teladoc Health Inc 1.25% 0.94%

Asset Allocation

Weighting Return Low Return High XAVKX % Rank
Convertible Bonds 		37.15% 37.15% 99.72% 100.00%
Bonds 		35.80% 0.00% 98.77% 94.87%
Stocks 		14.81% 0.00% 23.09% 6.41%
Preferred Stocks 		7.83% 0.00% 22.50% 30.77%
Cash 		4.41% -78.94% 7.59% 30.77%
Other 		0.00% -17.11% 5.40% 78.21%

Stock Sector Breakdown

Weighting Return Low Return High XAVKX % Rank
Consumer Cyclical 		24.79% 0.00% 24.79% 1.41%
Healthcare 		16.75% 0.00% 20.31% 2.82%
Technology 		12.55% 0.00% 23.73% 9.86%
Financial Services 		10.18% 0.00% 20.48% 14.08%
Utilities 		8.72% 0.00% 100.00% 98.59%
Energy 		7.50% 0.00% 40.56% 29.58%
Communication Services 		7.24% 0.00% 100.00% 4.23%
Real Estate 		5.85% 0.00% 27.87% 5.63%
Industrials 		3.48% 0.00% 23.08% 47.89%
Consumer Defense 		1.92% 0.00% 25.78% 23.94%
Basic Materials 		1.03% 0.00% 24.08% 16.90%

Stock Geographic Breakdown

Weighting Return Low Return High XAVKX % Rank
US 		14.58% 0.00% 22.42% 6.41%
Non US 		0.23% 0.00% 1.55% 16.67%

Bond Sector Breakdown

Weighting Return Low Return High XAVKX % Rank
Corporate 		94.83% 91.11% 100.00% 66.67%
Cash & Equivalents 		5.17% 0.00% 7.86% 15.38%
Derivative 		0.00% 0.00% 0.49% 75.64%
Securitized 		0.00% 0.00% 0.00% 75.64%
Municipal 		0.00% 0.00% 0.00% 75.64%
Government 		0.00% 0.00% 2.94% 76.92%

Bond Geographic Breakdown

Weighting Return Low Return High XAVKX % Rank
US 		32.44% 0.00% 98.77% 94.87%
Non US 		3.36% 0.00% 17.05% 5.13%

XAVKX - Expenses

Operational Fees

XAVKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.77% 0.20% 2.87% 2.56%
Management Fee 0.54% 0.20% 1.00% 20.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

XAVKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XAVKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XAVKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 126.00% 30.00% 154.00% 80.00%

XAVKX - Distributions

Dividend Yield Analysis

XAVKX Category Low Category High XAVKX % Rank
Dividend Yield 0.00% 0.00% 4.30% 94.87%

Dividend Distribution Analysis

XAVKX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

XAVKX Category Low Category High XAVKX % Rank
Net Income Ratio 1.31% -3.72% 3.69% 5.19%

Capital Gain Distribution Analysis

XAVKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

XAVKX - Fund Manager Analysis

Managers

Tracy Maitland

Start Date

Tenure

Tenure Rank

Apr 30, 2003

19.1

19.1%

Tracy V. Maitland serves as President & Chief Investment Officer of Advent Capital Management, LLC, overseeing all investment activities of the firm. He has been Portfolio Manager at Advent Capital Management since 1995. Prior to founding Advent, he was a Director in the Convertible Securities Department at Merrill Lynch. His experience spans trading, sales, origination and portfolio management of convertible securities. He is a graduate of Columbia University.

Paul Latronica

Start Date

Tenure

Tenure Rank

Jan 20, 2021

1.36

1.4%

Latronica is a Managing Director of Advent Capital Management (1997-present) whose responsibilities include investment analysis.

Tony Huang

Start Date

Tenure

Tenure Rank

Jan 20, 2021

1.36

1.4%

Mr. Huang serves as Associate Portfolio Manager on the Global Balanced and Global Phoenix Convertible Strategies and on the closed-end fund. Prior to joining Advent, Mr. Huang was at Essex Investment Management in Boston where he headed the Technology sector research coverage and managed Essex’s diversified Research Fund. Before that, Mr. Huang had technology and telecommunication research responsibility at two hedge funds and at Fidelity Investments, where he began his career. He is a graduate of the Wharton School of the University of Pennsylvania. Mr. Huang has over 23 years of industry experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.27 7.42

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