Advent Convertible Bond ETF
ACVT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 888 Seventh Avenue, 31st Floor New York NY United States of America 10019
- IPO Date
- Apr 30, 2025
- CIK
- 0001618627
- Website
- rbbfund.com
- Similar Companies
- Business
- Advent Convertible Bond ETF (ACVT) is an actively managed exchange-traded fund that seeks total return through income and capital appreciation by investing primarily in U.S. convertible securities and USD-denominated convertible securities issued by foreign companies traded on U.S. exchanges. The fund, a series of The RBB Fund Trust, allocates at least 80% of its net assets to convertible bonds, mandatory convertible bonds, convertible preferred stocks, and synthetic convertibles, targeting those trading at no more than 20% above straight bond value to capture upside potential with limited downside risk; it may also hold resulting equity securities from conversions (sold within 60 days), debt securities across maturities and credit qualities (including non-investment grade), and engage in securities lending. ACVT employs a bottom-up fundamental analysis approach with a value-oriented growth and income strategy, focusing on undervalued securities from out-of-favor companies and sectors exhibiting stable to improving credit profiles, macroeconomic resilience, and positive asymmetry characteristics; portfolio allocations are unconstrained by market, sector, industry, or geography, including emerging markets represented in indices like MSCI Emerging Markets Index. Launched on April 30, 2025, and headquartered with The RBB Fund Trust (founded in 1988), ACVT trades on NYSE Arca under ticker ACVT (CUSIP 75526L845), with Advent Capital Management, LLC serving as investment adviser (portfolio managers: Tracy Maitland, Paul Latronica, Tony Huang) and a net expense ratio of 0.65% after contractual waivers through April 30, 2026. In recent developments, Advent Capital Management DE acquired a substantial stake of 990,000 shares (approximately 96.12% ownership) in Q2 2025, valued at $25.9 million; the fund has maintained monthly dividend distributions, including ex-dividend dates in June ($0.02837), September ($0.02057), and November 2025 ($0.03 per share), alongside a declared $0.48 annual dividend.