Advent Convertible and Income Fund
AVKFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, Advent Convertible and Income Fund focuses on Asset Management services and products. Advent Convertible and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. At a $583.2M market cap, Advent Convertible and Income Fund ranks as a small-cap company within financial services. The fund primarily invests in the fixed income markets of the United States.
Market Cap
$583.2M
Beta
1.29
P/E (TTM)
4.91
P/E (Fwd)
-440.33
EPS (TTM)
$2.69
EPS (Fwd)
$-0.03
ROE
21.1%
ROA
2.3%
Cash
—
Total Debt
$350.0M
Free CF
$8.3M
52W Change
13.4%
Annual Financials
Cash vs Debt
Advent Convertible and Income Fund carries $350.0M in total debt, a figure that investors should evaluate relative to the company's earnings power. The company generates $8.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 21.1%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.3% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$167.3M (2022) to $122.4M (2025), reflecting a 173% increase over the period.
As with any equity investment, AVK carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Advent Convertible and Income Fund's trajectory.