Virtus Convertible & Income Fund:NCV

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$3.67$3.97-7.56%
    52 Wk Avg$5.57$5.87-5.20%
    52 Wk High$6.41$6.60-1.91%
    52 Wk Low$3.45$3.89-11.19%
    Regular Distribution TypeIncome Only
    Distribution Rate13.90%
    Distribution Amount$0.0425
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks total return with capital appreciation and high current income through investment in convertible and non convertible income producing securities.

    Capital Structure

    As of 6/29/2022

    Total Investment Exposure:$710.910M
    Total Common Assets:$358.783M
    Common Shares Outstanding:90,373,569
    Leverage

    As of 6/29/2022

    Preferred Share Assets: $323.275M
    Total Debt (USD): $28.852M
    Regulatory Leverage (USD): $352.127M
    Effective Leverage (USD): $352.127M
    Effective Leverage (%): 49.53%
    Annual Expense Ratios

    As of 2/28/2022

      Per Common Share
    Management Fees1.05%
    Other Expenses:0.30%
    Baseline Expense: N/A
    Interest Expense:0.03%
    Total: 1.39%
    Fund Management

    Fund Sponsor
    Virtus Investment Partners Inc

    Portfolio Managers
    Douglas G. Forsyth, Justin M. Kass

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: NCV
    NAV Ticker: XNCVX
    Average Daily Volume (shares): 360,431
    Average Daily Volume (USD): $1.903M
    Inception Date: 3/31/2003
    Inception Share Price: $15.00
    Inception NAV: $14.33
    Tender Offer: No
    Term: No
    Fiscal Year End: February 28
    Third Party Links & Reports

    Distributions

    As of 6/29/2022

    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 8/31/2021
    $0.0946
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    12.85%
    Total Return on NAV (12 months):
    As of 6/29/2022
    -20.22%
    Avg. Portfolio Coupon:
    As of 6/29/2022
    3.56%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    49.53%

    Pricing Information

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

    As of 6/30/2022

    PeriodAvg Discount
    6 Month-6.24%
    1 Year-5.20%
    3 Year-5.10%
    5 Year0.00%
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month0.04
    6 Month-0.39
    1 Year-0.95
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-26.52%-23.27%-21.69%-19.12%
    202110.67%6.49%13.98%5.77%
    202011.77%20.71%25.59%32.33%
    201924.60%24.17%33.46%25.30%
    2018-16.70%-11.30%-10.90%-6.14%
    201723.80%11.01%18.81%12.46%
    201631.47%22.69%17.56%11.29%
    2015-33.10%-16.09%-13.28%-6.40%
    20148.67%1.60%4.99%1.66%
    201325.92%24.00%20.17%19.89%
    201216.38%22.48%13.75%15.53%
    2011-6.72%-3.49%-8.82%-5.62%
    201026.50%20.23%21.58%16.88%
    2009143.85%95.67%  
    2008-57.24%-55.01%  
    2007-16.36%3.54%  
    200624.66%13.48%  
    20050.48%3.00%  
    200415.87%12.80%  
    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 5/31/2022
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/29/2022
    3.56%
    Number of Holdings:
    As of 5/31/2022
    258
    Annual Portfolio Turnover:
    As of 2/28/2022
    54.00%
    Average Bond Price:
    As of 5/31/2022
    $94.45
    Asset Allocation

    As of 5/31/2022

    Top Sectors

    As of 5/31/2022

    Sector%Portfolio
    Corporate (Super Sector)169.40%
    Convertible86.24%
    Corporate Bond60.21%
    Preferred Stock22.50%
    Defensive (Super Sector)5.77%
    Utilities5.30%
    Cyclical (Super Sector)2.07%
    Basic Materials2.02%
    Sensitive (Super Sector)0.54%
    Industrials0.54%
    Top Holdings

    As of 5/31/2022

    HoldingValue% Portfolio
    Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-$21.51M5.27%
    Broadcom Inc 8%$16.81M4.12%
    Bank of America Corporation 7.25%$15.22M3.73%
    NextEra Energy Inc Unit (Corporate Unit 09/01/2023)$12.47M3.06%
    Danaher Corp 5% PRF PERPETUAL USD 1000 - Ser B$10.25M2.51%
    Bill Com Holdings Inc$9.56M2.34%
    Euronet Worldwide, Inc. 0.75%$9.27M2.27%
    Pioneer Natural Resources Company 0.25%$8.91M2.18%
    Avantor Inc$8.24M2.02%
    Expedia Group Inc$7.87M1.93%
    Credit Quality

    As of 5/31/2022

    Maturity Breakdown

    As of 5/31/2022

    Country Allocation

    As of 5/31/2022

    Country% Portfolio
    United States - Fixed Income57.51%
    United States - Equity8.84%
    Canada - Fixed Income1.88%
    United Kingdom - Fixed Income0.81%

    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