AVK CEF — Advent Convertible and Income Fund

Advent Convertible and Income Fund (AVK)

AVK is a CEF. its distribution rate is 11.64%, its trailing-12-month yield is 11.64%, its expense ratio is 0.75%. Dividend Vision Distribution Safety Score™ is 86/100 (Safe). Total return is 373.5% over the past 23.4 years, 796.7 points behind SPY at 1170.2%.

At the current 11.64% distribution rate, a $10,000 investment would generate approximately $1,164 per year, or $97.00 per month.

AVK performance versus SPY

Price and return data through 2026-09-18.

Total return is 373.5% over the past 23.4 years, 796.7 points behind SPY at 1170.2%. Over the past year its total return — price change plus distributions reinvested — is 6.2%. Its deepest 1-year drawdown was 14.3%.

AVK key facts

Distribution Safety Score™

86 · Safe

Safety-Adjusted Yield

10.01%

Issuer

Guggenheim

Asset type

CEF

Asset class

Fixed Income

Inception date

04/29/2003

Expense ratio

0.75%

Distribution rate

11.64%

Distribution frequency

Monthly

Trailing yield

11.64%

5-year average yield

11.11

Last close

$12.06 (as of 2026-09-18)

NAV

$13.52

Premium / discount

10.80% discount

Market cap

$522,721,120

Average volume

82000.0

Next dividend

$0.117

Last ex-dividend date

09/15/2026

Next payment date

09/30/2026

Beta

1.297

How Dividend Vision calculates yield and returns

Distribution rate (11.64%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (11.64%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Guggenheim or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AVK risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.3%.

Who may consider AVK — and who may not

AVK may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Guggenheim.