
Advent Capital
Advent Convertible Bond ETF (ACVT)
The Advent Convertible Bond ETF (ACVT) offers an insightful way to invest in fixed income, seeking income, growth potential, and risk mitigation through convertible securities.
While many convertible funds lean toward equity-sensitive securities that behave more like stocks, ACVT takes a more defensive approach. It focuses on bond-like convertibles that aim to capture upside opportunity while cushioning against market declines, helping investors strike a better balance between risk and reward.
With nearly 30 years of proven experience, Advent brings a long track record of success to ACVT, making it a timely solution for today’s fast-changing markets.
Why Advent?
At Advent Capital Management, LLC, we have been dedicated credit specialists and a market leader in the convertible asset class since 1995, with one of the largest investment platforms in the world, emphasizing convertible securities. Advent offers a credit-driven research process, supported by one of the largest teams of investment professionals dedicated to convertibles.
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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Advent Convertible Bond ETF before investing. This and other information can be found in the fund’s prospectus, which can be obtained by calling (800) 617-0004 or visiting www.adventetf.com. Please read the prospectus carefully before investing.
Investing involves risk. Principal loss is possible. Convertible securities are hybrid securities that combine the investment characteristics of bonds and common stocks. Convertible securities involve risks similar to those of both fixed income and equity securities. The market price of a convertible security generally tends to behave like that of a regular debt security; that is, if market interest rates rise, the value of a convertible security usually falls. The market value of a fixed-income security may decline due to general market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. In anticipation of or in response to adverse market, economic, political or other conditions, the Fund may take temporary defensive positions (up to 100% of its assets) in cash, cash equivalents and all types of money market and short-term debt securities. If the Fund takes a temporary defensive position, it may be unable to achieve its investment objective for a period of time. Below investment grade debt securities (also known as “junk bonds”) are speculative and involve a greater risk of default and price change due to changes in the issuer’s creditworthiness. A substantial portion of the convertible securities market consists of issues which are unrated. This means they have not been issued a rating by a nationally recognized statistical rating organization and are not being monitored for credit rating changes, although in some cases the underlying corporation may have a corporate rating.
Investing in foreign-domiciled companies may include additional risks associated with more or less foreign government regulation; imposition of tariffs; less public information; less stringent investor protections; less stringent accounting, corporate governance, financial reporting and disclosure standards; and less economic, political and social stability in the countries in which the Fund may invest. The Fund may invest in emerging markets, which may carry more risk than investing in developed foreign markets. Risks associated with investing in emerging markets include limited information about companies in these countries, greater political and economic uncertainties compared to developed foreign markets, underdeveloped securities markets and legal systems, potentially high inflation rates, and the influence of foreign governments over the private sector.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
The Advent Convertible Bond ETF is distributed by Quasar Distributors, LLC.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE