Virtus Diversified Inc & Conv Fund:ACV

    Manage Alerts

    Overview

    As of 6/7/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$19.76$20.78-4.91%
    52 Wk Avg$20.19$20.92-3.55%
    52 Wk High$24.21$23.7610.50%
    52 Wk Low$17.43$19.43-12.41%
    Regular Distribution Type†Income Only
    Distribution RateN/A
    Distribution Amount 
    Distribution Frequency 
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The Fund has a blended capital structure combining long-term fixed rates and short-term variable rates which enable the Fund to seek to enhance the returns and yields on its investments.

    Capital Structure

    As of 6/7/2023

    Total Investment Exposure:$320.388M
    Total Common Assets:$215.388M
    Common Shares Outstanding:10,365,167
    Leverage

    As of 6/7/2023

    Preferred Share Assets: $30.000M
    Total Debt (USD): $75.000M
    Regulatory Leverage (USD): $105.000M
    Effective Leverage (USD): $105.000M
    Effective Leverage (%): 32.77%
    Annual Expense Ratios

    As of 1/31/2023

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 3.36%
    Fund Management

    Fund Sponsor
    Virtus Investment Advisers, Inc.

    Portfolio Managers
    David Oberto, Ethan Turner, Justin M. Kass, Michael E. Yee

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: ACV
    NAV Ticker: XACVX
    Average Daily Volume (shares): 39,551
    Average Daily Volume (USD): $0.797M
    Inception Date: 5/26/2015
    Inception Share Price: $25.00
    Inception NAV: $23.88
    Tender Offer: No
    Term: Yes
    Fiscal Year End: January 31
    Third Party Links & Reports

    Distributions

    As of

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    ERROR: No data

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/7/2023

    PeriodAvg Discount
    6 Month-2.34%
    1 Year-3.55%
    3 Year-4.76%
    5 Year-3.14%
    Z-Score

    As of 6/7/2023

    PeriodZStat
    3 Month0.26
    6 Month-0.54
    1 Year-0.33
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2023
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD4.38%6.42%-1.24%1.37%
    2022-36.01%-27.96%-17.94%-12.77%
    202124.44%11.29%25.66%17.24%
    202045.85%53.60%0.91%6.36%
    201944.28%33.29%29.77%22.10%
    2018-6.90%-3.70%-8.36%-4.98%
    201727.99%17.77%21.52%14.50%
    201615.77%12.86%17.59%13.14%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2023
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/7/2023    		2.67%
    Number of Holdings:
    As of 4/30/2023    		307
    Annual Portfolio Turnover:
    As of 1/31/2023    		94.00%
    Average Bond Price:
    As of 4/30/2023    		$100.23
    Asset Allocation

    As of 4/30/2023

    Top Sectors

    As of 4/30/2023

    Sector%Portfolio
    Corporate (Super Sector)104.44%
    Convertible76.22%
    Corporate Bond21.67%
    Sensitive (Super Sector)17.17%
    Cyclical (Super Sector)11.13%
    Technology10.53%
    Defensive (Super Sector)7.67%
    Preferred Stock6.55%
    Consumer Cyclical5.67%
    Healthcare4.46%
    Top Holdings

    As of 4/30/2023

    HoldingValue% Portfolio
    DexCom Inc 0.25%$5.90M2.81%
    Microsoft Corp$5.31M2.53%
    Apple Inc$5.09M2.42%
    Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-$5.03M2.39%
    Alphabet Inc Class A$4.04M1.92%
    Zillow Group Inc 2.75%$3.77M1.79%
    Liberty Broadband Corporation 3.125%$3.54M1.69%
    GS Finance Corp 0.5%$3.07M1.46%
    Southern Co. 3.875%$2.97M1.41%
    Axon Enterprise Inc 0.5%$2.89M1.38%
    Credit Quality

    As of 4/30/2023

    Maturity Breakdown

    As of 4/30/2023

    Country Allocation

    As of 4/30/2023

    Country% Portfolio
    United States - Equity35.70%
    United States - Fixed Income21.50%
    Canada - Fixed Income0.90%
    Canada - Equity0.27%
    United Kingdom - Fixed Income0.17%
    Netherlands - Fixed Income0.16%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X

    Powered by Morningstar

    View Morningstar Notice and Disclaimer