ETF Evaluator:
Advent Convertible Bond ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Convertibles Over the Last Year
| 44.0% | Calamos Convertible Equity Alt ETF (CVRT) |
| 25.2% | First Trust SSI Strat Convert Secs ETF (FCVT) |
| 24.7% | Convertibles () |
| 24.2% | iShares Convertible Bond ETF (ICVT) |
| 21.8% | State Street® SPDR® Blmbg Cnvrt Secs ETF (CWB) |
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ETF Details
Advent Convertible Bond ETF Overview
Advent Convertible Bond ETF (ACVT) is an actively managed Allocation Convertibles exchange-traded fund (ETF). Advent Funds launched the ETF in 2025.
The investment seeks to provide a total return, from income and appreciation, by investing in U.S. convertible securities and U.S. Dollar-denominated (“USD”) convertible securities.
Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in convertible securities issued by U.S.-domiciled companies and in USD denominated convertible securities issued by foreign-domiciled companies that are traded on U.S. exchanges.
About Advent Convertible Bond ETF (ACVT)
There are 3 members of the management team with an average tenure of 1.25 years: Paul Latronica (2025), Tony Huang (2025) and Tracy Maitland (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Advent Convertible Bond ETF has 59 securities in its portfolio. The top 10 holdings constitute 34.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Advent Convertible Bond ETF is part of the Hybrid Securities global asset class and is within the Allocation ETF group. Advent Convertible Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 11.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 4.4% (4.4% domestic bond, 0.0% foreign bond and 83.7% convertible bond). Advent Convertible Bond ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $2 billion average for the Convertibles category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACVT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Advent Convertible Bond ETF expense ratio is above average compared to funds in the Convertibles category. Advent Convertible Bond ETF has an expense ratio of 0.65%, which is 4% higher than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Advent Convertible Bond ETF has a portfolio turnover rate of 69%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 79% for the Convertibles category.
Recently, in the month of July 2026, Advent Convertible Bond ETF returned 0.6%, which earned it a grade of A, as the Convertibles category had an average return of -4.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Advent Convertible Bond ETF has a trailing yield of 1.41%, which is above the 1.40% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Advent Convertible Bond ETF Grades
Year to date, the ETF has returned 5.6%, 9.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.5% over the past year (grade of F).
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ACVT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACVT Return (NAV) | 0.6% | 3.7% | 8.5% | na | na | na |
| ACVT Return (Price) | 0.2% | 3.3% | 8.0% | na | na | na |
| NAV +/- Price Return | 0.301% | 0.434% | 0.445% | na | na | na |
| Convertibles Avg | -4.8% | 1.6% | 24.7% | 15.2% | 5.6% | 11.8% |
| ACVT Grade (NAV) | A | B | F | na | na | na |
| +/- Category (NAV) | 5.3% | 2.1% | -16.2% | na | na | na |
| ACVT Tax-Cost Ratio | na | na | 0.7% | na | na | na |
ACVT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACVT Return (NAV) | 5.6% | na | na | na | na | na | na | na | na | na | na |
| ACVT Return (Price) | 5.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.030% | na | na | na | na | na | na | na | na | na | na |
| Convertibles Avg | 15.2% | 20.9% | 11.5% | 12.2% | -20.6% | 1.9% | 55.4% | 22.4% | -1.6% | 15.2% | 9.5% |
| ACVT Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -9.6% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 69.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Latronica Paul (2025), Huang Tony (2025), Maitland Tracy (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 34.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 11.1% |
| Domestic Bond: | 4.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 83.7% |
| Other: | 0.3% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Advent Funds |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | April 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.62% |
