Virtus Convertible & Income 2024 Tgt:CBH

    Manage Alerts

    Overview

    As of 5/29/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$8.94$9.13-2.08%
    52 Wk Avg$8.72$9.11-4.26%
    52 Wk High$9.00$9.22-2.08%
    52 Wk Low$8.40$8.99-6.52%
    Regular Distribution TypeIncome Only
    Distribution Rate3.62%
    Distribution Amount$0.0270
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objectives are to provide a high level of income and to return at least $9.835 per common share (the original net asset value per common share of beneficial interest (“Common Shares”) before deducting offering costs of $0.02 per share) (the “Original NAV”) to holders of Common Shares (the “Common Shareholders”) on or about September 1, 2024 (the “Termination Date”).

    Capital Structure

    As of 5/29/2024

    Total Investment Exposure:$186.447M
    Total Common Assets:$166.747M
    Common Shares Outstanding:18,263,597
    Leverage

    As of 5/29/2024

    Preferred Share Assets:
    Total Debt (USD): $19.700M
    Regulatory Leverage (USD): $19.700M
    Effective Leverage (USD): $19.700M
    Effective Leverage (%): 10.57%
    Annual Expense Ratios

    As of 1/31/2024

      Per Common Share
    Management Fees1.04%
    Other Expenses:0.20%
    Baseline Expense: N/A
    Interest Expense:2.29%
    Total: 3.53%
    Fund Management

    Fund Sponsor
    Virtus Investment Advisers, Inc.

    Portfolio Managers
    David Oberto, Ethan Turner, Justin M. Kass, William (Brit) L. Stickney

    Basics
    Category: Fixed Income - Taxable-Multi-Sector
    Ticker: CBH
    NAV Ticker: XCBHX
    Average Daily Volume (shares): 39,334
    Average Daily Volume (USD): $0.344M
    Inception Date: 6/30/2017
    Inception Share Price: $10.00
    Inception NAV: $9.82
    Tender Offer: No
    Term: Yes
    Fiscal Year End: January 31
    Third Party Links & Reports

    Distributions

    As of 5/29/2024

    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 1/31/2024
    $0.2465
    Annualized Distribution Rate on NAV:
    As of 5/29/2024
    3.55%
    Total Return on NAV (12 months):
    As of 5/29/2024
    6.86%
    Avg. Portfolio Coupon:
    As of 5/29/2024
    5.31%
    Total % Portfolio Effectively Leveraged:
    As of 5/29/2024
    10.57%

    Pricing Information

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

    As of 5/30/2024

    PeriodAvg Discount
    6 Month-3.52%
    1 Year-4.26%
    3 Year-3.26%
    5 Year-3.82%
    Z-Score

    As of 5/29/2024

    PeriodZStat
    3 Month1.62
    6 Month1.89
    1 Year2.10
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2024
    Category: Morningstar US CEF Multi-Sector

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.66%1.06%5.45%2.51%
    20237.53%8.37%16.21%13.65%
    2022-5.98%-3.27%-16.28%-12.97%
    20218.22%2.82%7.44%6.36%
    202010.04%12.11%4.14%7.03%
    201928.40%16.40%20.20%12.36%
    2018-6.83%-1.44%-2.48%-0.11%
    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 4/30/2024
    Category: Morningstar US CEF Multi-Sector

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/29/2024
    5.31%
    Number of Holdings:
    As of 4/30/2024
    76
    Annual Portfolio Turnover:
    As of 1/31/2024
    48.00%
    Average Bond Price:
    As of 4/30/2024
    $98.67
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Corporate (Super Sector)94.51%
    Bank Loan39.73%
    Corporate Bond38.46%
    Convertible16.32%
    Cash Equivalents5.40%
    Cash Equivalents (Super Sector)5.40%
    Financial Services0.09%
    Cyclical (Super Sector)0.09%
    Top Holdings

    As of 4/30/2024

    HoldingValue% Portfolio
    Block Inc 0.125%$9.89M5.93%
    NCL Corporation Ltd. 3.625%$9.81M5.88%
    Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5%$8.54M5.12%
    Wayfair Inc 1.125%$8.52M5.11%
    Navient Corporation 5.875%$7.98M4.78%
    Seagate HDD Cayman 4.75%$7.92M4.75%
    Live Nation Entertainment, Inc. 4.875%$6.45M3.87%
    Ford Motor Credit Company LLC 4.063%$6.44M3.86%
    Delta Air Lines Inc. 2.9%$6.40M3.84%
    Air Transport Services Group Inc. 1.125%$4.85M2.91%
    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income38.46%
    United States - Equity0.09%

    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.

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