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Virtus Convertible & Income Fund (NCV)

Taxable Bond Funds - Convertible Funds

Data as of Aug. 18, 2022
Current
Market Price $4.10 (- $0.01)
NAV (Aug. 18, 2022) $4.46 (+ $0.01)
Fund Listed NYSE
Premium / Discount -8.07% (-0.43%)
Fund Info
Inception March 31, 2003
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-800-254-5197
NAV Symbol XNCVX
Location New York
Incorporated Massachusetts
Staggered Board No
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, 2022) $874M
Estimated Total Assets $698M
Net Assets $403M
Market Cap $371M
Portfolio Turnover 54.00%
Total Leverage 42.22%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.34%
Non Lev Exp Ratio 1.23%
Rel Lev Cost 1.51%
Discount Data
Average Discount (3 Yr) -6.01%
Discount Low(3 Yr) -24.57%
Discount High(3 Yr) 5.00%
Discount Rel Range 55.80%
Comp Discount -6.79
Discount St Dev (1Yr) 2.41
Z-Stat
Z-Stat (6mo) -0.10
Z-Stat (1Yr) -0.80
Z-Stat (3Yr) -0.47
Comp Z-Stat (6mo) -0.75
Comp Z-Stat (3Yr) -1.05
Distribution Data
Market Yield 12.44%
Income Yield 0.00%
Lev Adj NAV Yield 8.04%
Distribution Frequency M
Current Distribution $0.043
Current Income $0.000
Ex-Date 9/9/22
Payable Date 10/3/22
Div Growth (3yr) -19.05%
Dividend Change -19.0% on 4/1/20
Expected Div 9/7/22
RoC (1yr) 83.15%
RoC (3yr) 59.09%
Tax Dividend Data 2021 2019 - 2021
Income 31.6% 51.6%
ST Gains 0% 0%
QDI 21.6% 21.5%
LT Gains 0% 0%
RoC 68.5% 48.4%
Volume & Liquidity
Average Daily $ (K) $2,112
Avg Volume 30 day 455,213
Avg Volume 90 day 515,152
Volume Trend -11.64%
Comp Volume Trend -2.40%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
78.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
88.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
93.0%
Most Correlated Peer (Mk Pr): NCZ 97.0%
NAV - Price Correlation (30 d) 98.1%
NAV - Price Correlation (90 d) 97.3%
NAV - Price Correlation (1 Yr) 99.7%
Price St Dev (1Yr) 24.5%
NAV St Dev (1Yr) 20.0%
Earnings
Earnings / Share (1/31/22) $0.012
Earn Coverage 27.06%
Earnings Trend Down
UNII / Share (1/31/22) $-0.057
Rel UNII
UNII Trend Up
Bond Specific Data
Maturity 4.52
Duration
Credit Rating (rbo) BB
Investment Grade 13.07%
Non Investment Grade 34.91%
Unrated Bonds 52.03%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.22
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.56
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
0.92

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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.

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