CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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AC Convt Sec & Incm Fd (AVK)

Taxable Bond Funds - Convertible Funds

Data as of April 23, 2018
Current
Market Price $15.18 (- $0.13)
NAV (April 23, 2018) $17.05 (- $0.04)
Premium / Discount -10.97% (-0.55%)
Fund Info
Inception April 30, 2003
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 866-274-2227
NAV Symbol XAVKX
Objective: Capital appreciation and current income; convertible and non-convertible income securities
Related Indexes
12 Major CEF Sectors Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Convertible Bond Index
Capital & Leverage
Outstanding Shares 20,043,745
Gross Assets (Reported: Oct. 31, 2017) $583M
Estimated Gross Assets $465M
Net Assets $342M
Market Cap $304M
Purchases Turnover 109.66%
Sales Turnover 124.86%
Total Leverage 40.30%
Structural Leverage (out of total) 26.47%
Portfolio Leverage (out of total) 13.83%
Expense Ratio 2.72%
Non Lev Exp Ratio 1.49%
Rel Lev Cost 1.85%
Discount Data
Average Discount (3 Yr) -11.77%
Discount Low(3 Yr) -21.26%
Discount High(3 Yr) -5.17%
Discount Rel Range 67.41%
Comp Discount -8.83
Discount St Dev (1Yr) 1.79
Z-Stat
Z-Stat (6mo) -0.43
Z-Stat (1Yr) -1.05
Z-Stat (3Yr) 0.39
Comp Z-Stat (6mo) -0.88
Comp Z-Stat (3Yr) -0.47
Distribution Data
Market Yield 9.26%
Income Yield 3.68%
Lev Adj NAV Yield 5.88%
Distribution Frequency M
Current Distribution $0.117
Current Income $0.047
Ex-Date 4/12/18
Payable Date 4/30/18
Div Growth (3yr) 24.81%
Dividend Change 0.2% on 3/1/18
Expected Div 5/1/18
RoC (1yr) 19.28%
RoC (3yr) 24.16%
Tax Dividend Data 2017 2015 - 2017
Income 61.1% 63.8%
ST Gains 0% 0%
QDI 12.5% 12.6%
LT Gains 0% 0%
RoC 38.9% 36.2%
Volume & Liquidity
Average Daily $ (M) $1,168
Avg Volume 30 day 66,949
Avg Volume 90 day 76,923
Volume Trend -12.97%
Comp Volume Trend 0.01%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
81.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
82.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
89.0%
Most Correlated Peer (Mk Pr): AGC 93.0%
NAV - Price Correlation (30 d) 93.4%
NAV - Price Correlation (90 d) 97.8%
NAV - Price Correlation (1 Yr) 61.2%
Price St Dev (1Yr) 11.6%
NAV St Dev (1Yr) 9.6%
Earnings
Earnings / Share (10/31/17) $0.064
Earn Coverage 54.78%
Earnings Trend Up
UNII / Share (10/31/17) $-0.050
Rel UNII -8.91
UNII Trend Up
Bond Specific Data
Maturity 6.01
Duration 5.00
Credit Rating (rbo) BB
Investment Grade 9.58%
Non Investment Grade 58.46%
Unrated Bonds 31.97%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.83
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.45
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
1.09

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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