AVK - AVK: Leverage Needs To Be Reduced To Increase Appeal
2025-07-10 08:50:09 ET
Overview
Advent Convertible & Income Fund ( AVK ) aims to provide investors with attractive returns through its portfolio of convertible and high-yield securities. A fund like AVK can be great for investors who want to collect a steady stream of dividend income while also reducing their portfolio's volatility. Credit funds like AVK can be a hedge against the market's volatility because they aren't reliant on positive earnings growth. I previously covered AVK and issued a hold rating due to its inconsistent dividend coverage and aggressive use of leverage. Since my last coverage, AVK has released an updated semi-annual report, which prompted me to revisit the fund and provide some updated insights into its performance and outlook....
AVK: Leverage Needs To Be Reduced To Increase Appeal