Advent Convertible and Income Fund

Advent Convertible and Income Fund is a closed-end investment fund focused on delivering a combination of capital appreciation and current income for investors. Managed by Advent Capital Management, the fund primarily targets a diversified portfolio consisting of convertible securities—hybrid instruments that can be converted from bonds to stocks—as well as non-convertible income-producing securities. At least 80% of its managed assets are allocated to these sectors, aiming to capture equity upside while also offering the income and risk characteristics of fixed income instruments. The fund is notable for its disciplined, credit-driven approach, seeking securities with favorable risk/reward characteristics and aiming to provide downside protection in volatile markets. Portfolio managers leverage extensive experience in convertible and high-yield markets to carefully screen, analyze, and monitor investments based on both credit quality and fundamental catalysts. The Advent Convertible and Income Fund plays a significant role for investors seeking diversified exposure to both equity and fixed income returns, especially through instruments that can adapt to shifting market conditions.