AVK
Price:
$12.69
Market Cap:
$439.00M
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.
Industry
Asset Management - Income
IPO Date
2003-04-30
Stock Exchange
NYSE
Ticker
AVK
According to Advent Convertible and Income Fund’s latest financial reports and current stock price. The company's current ROE is 10.74%. This represents a change of 127.46% compared to the average of 4.72% of the last 4 quarters.
The mean historical ROE of Advent Convertible and Income Fund over the last ten years is 3.39%. The current 10.74% ROE has changed 216.42% 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 24.87%. The ROE was at its lowest in in the April 2022 quarter at -21.44%.
Average
3.39%
Median
4.91%
Minimum
-39.82%
Maximum
27.26%
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 = -1159.66%
Minimum Annual ROE = -39.82%
| Year | ROE | Change |
|---|---|---|
| 2024 | 19.93% | -1159.66% |
| 2023 | -1.88% | -95.28% |
| 2022 | -39.82% | -246.05% |
| 2021 | 27.26% | 290.18% |
| 2020 | 6.99% | -26.00% |
| 2019 | 9.44% | -425.89% |
| 2018 | -2.90% | -117.55% |
| 2017 | 16.51% | 482.12% |
| 2016 | 2.84% | -163.92% |
| 2015 | -4.44% | -331.90% |
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
-7.26%
5-year avg
2.50%
10-year avg
3.39%
Advent Convertible and Income Fund’s ROE is less than Eaton Vance Tax-Managed Buy-Write Income Fund (9.50%), less than Nuveen Pennsylvania Quality Municipal Income Fund (6.40%), less than BlackRock Floating Rate Income Strategies Fund, Inc. (9.01%), less than John Hancock Preferred Income Fund (11.88%), less than Virtus Convertible & Income Fund (14.63%), less than Nuveen Multi-Asset Income Fund (12.25%), greater than Crossmark Steward Global Equity Income Fund (0%), less than Calamos Global Dynamic Income Fund (8.01%), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (8.26%), less than Nuveen Variable Rate Preferred & Income Fund (10.55%),
| Company | ROE | Market cap |
|---|---|---|
| 9.50% | $447.38M | |
| 6.40% | $449.59M | |
| 9.01% | $420.31M | |
| 11.88% | $453.91M | |
| 14.63% | $348.84M | |
| 12.25% | $444.56M | |
| 0% | $452.55M | |
| 8.01% | $469.40M | |
| 8.26% | $406.56M | |
| 10.55% | $475.55M |
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How does the current ROE for Advent Convertible and Income Fund (AVK) compare to its historical average?