AllianzGI Divers Inc & Convert:ACV

    Manage Alerts

    Overview

    As of 9/20/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$23.43$23.330.41%
    52 Wk Avg$22.58$22.62-0.17%
    52 Wk High$25.16$24.455.96%
    52 Wk Low$17.66$18.94-8.24%
    Regular Distribution TypeIncome Only
    Distribution Rate8.55%
    Distribution Amount$0.1670
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The portfolio managers utilize a disciplined, fundamental, bottom-up, company-specific analysis coupled with extensive credit research. The portfolio managers seek to identify companies demonstrating improving fundamental characteristics.

    Capital Structure

    As of 9/20/2019

    Total Net Assets:$346.568M
    Total Common Assets:$241.567M
    Common Shares Outstanding:10,323,408
    Leverage

    As of 1/31/2019

    Preferred Share Assets: $30.000M
    Type of Preferred: Mandatory Redemption Preferred share
    Total Debt (USD): $75.000M
    Structural Leverage (USD): $105.000M
    Structural Leverage (%): 31.59%
    Effective Leverage (USD): $105.000M
    Effective Leverage (%): 31.59%
    Annual Expense Ratios

    As of 1/31/2019

      Per Common Share
    Management Fees1.45%
    Other Expenses:0.14%
    Baseline Expense: 1.58%
    Interest Expense:1.75%
    Total: 3.33%
    Fund Management

    Fund Sponsor
    Allianz Global Investors Fund Management LLC

    Portfolio Managers
    Douglas Forsyth (27 May 2015) / Justin Kass (27 May 2015) / William Brit Stickney (27 May 2015) / Michael E. Yee (27 May 2015)

    Basics
    Category: Taxable Income-Multi-Sector
    Ticker: ACV
    NAV Ticker: XACVX
    Average Daily Volume (shares): 40,000
    Average Daily Volume (USD): $0.890M
    Inception Date: 5/27/2015
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: Yes
    Fiscal Year End: January 31
    Third Party Links & Reports

    Distributions

    As of 9/20/2019

    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.

    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
    Avg. Earnings Per Share:
    As of 1/31/2019
    $0.0089
    Annualized Distribution Rate on NAV:
    As of 9/20/2019
    8.59%
    Total Return on NAV (12 months):
    As of 9/20/2019
    4.55%
    Avg. UNII Per Share:
    As of 7/31/2018
    -$0.3549
    Avg. Portfolio Coupon:
    As of 9/20/2019
    2.70%
    Total % Portfolio Effectively Leveraged:
    As of 9/20/2019
    31.59%

    Pricing Information

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

    As of 9/20/2019

    PeriodAvg Discount
    6 Month0.63%
    1 Year-0.17%
    3 Year-3.32%
    5 Year 
    Z-Score

    As of 9/20/2019

    PeriodZStat
    3 Month0.00
    6 Month-0.10
    1 Year0.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/20/2019
    Category: Multi-Sector Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD34.47%23.92%20.04%11.48%
    2018-6.89%-3.70%-2.45%-0.76%
    201727.99%17.77%17.13%16.33%
    201615.77%12.86%20.31%14.85%
    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 9/20/2019
    Category: Multi-Sector Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/20/2019
    2.70%
    Average Maturity:
    As of 2/28/2019
    5.95 yrs
    Number of Holdings:
    As of 7/31/2019
    330
    Annual Portfolio Turnover:
    As of 1/31/2019
    105.00%
    Asset Allocation

    As of 3/31/2018 reported by Fund Sponsor

    Top Sectors

    As of 2/28/2019 reported by Fund Sponsor

    Sector%Portfolio
    Information Technology 29.53%
    Health Care 17.56%
    Consumer Discretionary 15.02%
    Industrials 8.38%
    Financials 7.81%
    Telecommunication Service6.22%
    Energy 6.00%
    Utilities 2.79%
    Consumer Staples 2.70%
    Materials 2.37%
    Top Holdings

    As of 11/30/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    FIXED INC CLEARING CORP.REPO 0.50 01 May 2019$7.90M2.30%
    Wells Fargo & Co, San Francisco Ca Pfd 31 Dec 2049$3.58M1.04%
    Microchip Tech Cv 1.625% 1.62 15 Feb 2027$3.44M1.00%
    Bk Amer Pfd 31 Dec 2049$3.39M0.99%
    Illumina Inc 0.01% 15 Aug 2023$3.32M0.97%
    Wellpoint Cv 2.75% 2.75 15 Oct 2042$2.86M0.83%
    Crown Castle International Corp Cum Conv 01 Aug 2020$2.81M0.82%
    Microsoft Corporation$2.74M0.80%
    Liberty Media Corp Delaware 144A 2.125% 2.12 31 Mar 2048$2.70M0.79%
    Visa, Inc.$2.61M0.76%
    Biomarin Pharma Cv 0.599% 0.60 01 Aug 2024$2.58M0.75%
    Credit Quality

    As of 2/28/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 2/28/2019 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2018 reported by Fund Sponsor

    Country% Portfolio
    USA 44.11%
    China 0.46%
    Singapore 0.43%

    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-854124PR-E