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Virtus Convertible & Income Fund (NCV)

Taxable Bond Funds - Convertible Funds

Data as of May 20, 2024
Market Price $3.22 (- $0.02)
NAV (May 20, 2024) $3.72 (+ $0.02)
Fund Listed NYSE
Premium / Discount -13.44% (-1.01%)
Fund Info
Inception March 31, 2003
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-866-270-7788
Location New York
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: Capital appreciation and high current income convertible securities and non-convertible high-yield bonds rated below investment grade.
Related Indexes
15 Major CEF Sectors Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Convertible Bond Index
Capital & Leverage
Outstanding Shares 90,373,569
Total Assets (Reported: Jan. 31, 2024) $553M
Estimated Total Assets $533M
Net Assets $336M
Market Cap $291M
Portfolio Turnover 107.00%
Total Leverage 36.95%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.91%
Non Lev Exp Ratio 1.26%
Rel Lev Cost 5.94%
Discount Data
Average Discount (3 Yr) -8.92%
Discount Low(3 Yr) -15.73%
Discount High(3 Yr) -0.75%
Discount Rel Range (3 Yr) 15.30%
Comp Discount -11.36
Discount St Dev (1Yr) 1.31
Z-Stat (6mo) -1.32
Z-Stat (1Yr) -0.73
Z-Stat (3Yr) -1.22
Comp Z-Stat (6mo) -1.56
Comp Z-Stat (3Yr) -1.41
Distribution Data
Market Yield 12.67%
Income Yield 0.00%
Lev Adj NAV Yield 8.01%
Distribution Frequency M
Current Distribution $0.034
Current Income $0.000
Ex-Date 6/13/24
Payable Date 6/27/24
Div Growth (3yr) -20.00%
Dividend Change -20.0% on 3/3/23
Expected Div 5/22/24
RoC (1yr) 88.85%
RoC (3yr) 80.37%
Tax Dividend Data 2023 2021 - 2023
Income 16.2% 22.8%
ST Gains 0% 0%
QDI 1.7% 7.8%
LT Gains 0% 0%
RoC 83.8% 77.2%
Volume & Liquidity
Average Daily $ (K) $1,748
Avg Volume 30 day 451,953
Avg Volume 90 day 542,743
Volume Trend -16.73%
Comp Volume Trend 0.95%
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): NCZ 94.0%
NAV - Price Correlation (30 d) 92.6%
NAV - Price Correlation (90 d) 93.3%
NAV - Price Correlation (1 Yr) 94.3%
Price St Dev (1Yr) 17.8%
NAV St Dev (1Yr) 11.5%
Earnings / Share (1/31/24) $0.008
Earn Coverage 23.24%
Earnings Trend Up
UNII / Share (1/31/24) $-0.043
UNII Trend Up
Bond Specific Data
Maturity 4.14
Credit Rating (rbo) BB
Investment Grade 9.33%
Non Investment Grade 40.48%
Unrated Bonds 50.18%
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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