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 Feb. 23, 2018
Market Price $15.51 (+ $0.24)
NAV (Feb. 23, 2018) $17.39 (+ $0.17)
Premium / Discount -10.81% (+0.51%)
Fund Info
Inception April 30, 2003
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 866-274-2227
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 $471M
Net Assets $349M
Market Cap $311M
Purchases Turnover 109.66%
Sales Turnover 124.86%
Total Leverage 39.22%
Structural Leverage (out of total) 25.92%
Portfolio Leverage (out of total) 13.30%
Expense Ratio 2.72%
Non Lev Exp Ratio 1.49%
Rel Lev Cost 1.90%
Discount Data
Average Discount (3 Yr) -11.69%
Discount Low(3 Yr) -21.26%
Discount High(3 Yr) -5.17%
Discount Rel Range 61.76%
Comp Discount -6.13
Discount St Dev (1Yr) 1.58
Z-Stat (6mo) -1.91
Z-Stat (1Yr) -1.90
Z-Stat (3Yr) 0.10
Comp Z-Stat (6mo) -0.38
Comp Z-Stat (3Yr) -0.39
Distribution Data
Market Yield 9.05%
Income Yield 3.54%
Lev Adj NAV Yield 5.80%
Distribution Frequency M
Current Distribution $0.117
Current Income $0.046
Ex-Date 2/14/18
Payable Date 2/28/18
Div Growth (3yr) 24.60%
Dividend Change 0.5% on 2/1/18
Expected Div 3/1/18
RoC (1yr) 14.90%
RoC (3yr) 24.08%
Tax Dividend Data 2016 2014 - 2016
Income 64.4% 76.8%
ST Gains 0% 0%
QDI 13.1% 12.2%
LT Gains 0% 0%
RoC 35.6% 23.2%
Volume & Liquidity
Average Daily $ (M) $1,308
Avg Volume 30 day 92,868
Avg Volume 90 day 84,301
Volume Trend 10.16%
Comp Volume Trend -13.45%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
Most Correlated Peer (Mk Pr): AGC 89.0%
NAV - Price Correlation (30 d) 98.3%
NAV - Price Correlation (90 d) 97.5%
NAV - Price Correlation (1 Yr) 62.5%
Price St Dev (1Yr) 11.4%
NAV St Dev (1Yr) 8.1%
Earnings / Share (10/31/17) $0.064
Earn Coverage 54.87%
Earnings Trend Up
UNII / Share (10/31/17) $-0.050
Rel UNII -9.06
UNII Trend Up
Bond Specific Data
Maturity 6.01
Duration 5.00
Credit Rating (rbo) BB
Investment Grade 8.87%
Non Investment Grade 59.81%
Unrated Bonds 31.33%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index


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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.

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