Key stats
About Advent Convertible Bond ETF
Home page
Inception date
Apr 30, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Advent Capital Management LLC
Distributor
Quasar Distributors LLC
ISIN
US75526L8458
ACVT is actively managed, concentrating on convertible securities issued by both US and foreign companies listed on US exchanges. Foreign issued bonds must be USD-denominated. The fund primarily targets low-delta convertible securities that are selling at a premium of 20% or less over their straight bond value. This includes convertible bonds, mandatory convertible bonds, preferred stocks, as well as synthetic convertible instruments. Securities the fund may invest in may be of any maturity and credit quality. In identifying and selecting undervalued constituents, the adviser utilizes a bottom-up company-specific research approach, considering macroeconomic and sector outlook, changes in interest rates, credit risks, and issuer fundamentals. Note that the fund seeks to be an active and frequent trader and is prone to increased transaction costs that can reduce returns. It may, however, engage in lending activities to increase income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate97.87%
Cash2.13%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ACVT top holdings are Wells Fargo & Company 7.5 % Non Cum Perp Conv Pfd Registered Shs A Series L and Bank of America Corp 7.25 % Non Cum Perp Conv Pfd Registered Shs Series L, occupying 4.65% and 4.61% of the portfolio correspondingly.
ACVT last dividends amounted to 0.02 USD. The month before, the issuer paid 0.04 USD in dividends, which shows a 108.62% decrease.
ACVT assets under management is 27.63 M USD. It's risen 2.54% over the last month.
ACVT fund flows account for 26.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ACVT pays dividends to its holders with the dividend yield of 1.51%. The last dividend (Sep 3, 2025) amounted to 0.02 USD. The dividends are paid monthly.
ACVT shares are issued by Advent Capital Management LLC under the brand Advent. The ETF was launched on Apr 30, 2025, and its management style is Active.
ACVT expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
ACVT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ACVT invests in bonds.
ACVT trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.