Virtus Diversified Income & Convertible Fund of Benef Interest Virtus Diversified Income & Convertible Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XACVX | Fund
$23.08
$240 M
0.00%
2.55%
Vitals
YTD Return
8.1%
1 yr return
15.8%
3 Yr Avg Return
-15.2%
5 Yr Avg Return
-0.5%
Net Assets
$240 M
Holdings in Top 10
24.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 108.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XACVX | Fund
$23.08
$240 M
0.00%
2.55%
XACVX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return -15.2%
- 5 Yr Annualized Total Return -0.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.48%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus Diversified Income & Convertible Fund of Benef Interest Virtus Diversified Income & Convertible Fund
-
Fund Family NameAllianz Group
-
Inception DateMay 26, 2015
-
Shares Outstanding10362954
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDouglas Forsyth
Fund Description
XACVX - Performance
Return Ranking - Trailing
Period | XACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | 3.9% | 18.2% | 83.09% |
1 Yr | 15.8% | 8.0% | 24.9% | 16.67% |
3 Yr | -15.2%* | -15.6% | 5.3% | 100.00% |
5 Yr | -0.5%* | -0.8% | 8.1% | 100.00% |
10 Yr | N/A* | 1.2% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | XACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.5% | -1.0% | 27.4% | 33.82% |
2022 | -35.0% | -35.0% | -7.4% | 100.00% |
2021 | -11.5% | -11.5% | 14.6% | 100.00% |
2020 | 40.7% | -10.3% | 40.7% | 0.27% |
2019 | 22.1% | -9.5% | 22.1% | 0.28% |
Total Return Ranking - Trailing
Period | XACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | 3.9% | 18.2% | 83.09% |
1 Yr | 15.8% | 8.0% | 24.9% | 16.67% |
3 Yr | -15.2%* | -15.6% | 5.3% | 100.00% |
5 Yr | -0.5%* | -0.8% | 8.1% | 100.00% |
10 Yr | N/A* | 1.2% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XACVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.5% | 2.6% | 28.2% | 87.75% |
2022 | -35.0% | -35.0% | -3.1% | 100.00% |
2021 | -11.5% | -11.5% | 32.0% | 100.00% |
2020 | 40.7% | -5.4% | 40.7% | 0.27% |
2019 | 27.7% | 4.5% | 27.7% | 0.28% |
NAV & Total Return History
XACVX - Holdings
Concentration Analysis
XACVX | Category Low | Category High | XACVX % Rank | |
---|---|---|---|---|
Net Assets | 240 M | 305 K | 50.8 B | 76.28% |
Number of Holdings | 364 | 2 | 4065 | 26.16% |
Net Assets in Top 10 | 58.4 M | 284 K | 10.3 B | 86.55% |
Weighting of Top 10 | 24.36% | 9.7% | 111.4% | 81.42% |
Top 10 Holdings
- Dreyfus Government Cash Mgmt Instl 7.92%
- Microsoft Corp 2.23%
- Broadcom Inc 8% 2.18%
- Apple Inc 2.10%
- Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 1.86%
- Palo Alto Networks Inc 0.375% 1.81%
- Live Nation Entertainment, Inc. 2% 1.80%
- Alphabet Inc Class A 1.77%
- Pioneer Natural Resources Company 0.25% 1.68%
- NextEra Energy Inc Unit 1.61%
Asset Allocation
Weighting | Return Low | Return High | XACVX % Rank | |
---|---|---|---|---|
Convertible Bonds | 71.77% | 0.00% | 71.77% | 0.25% |
Stocks | 35.59% | 0.00% | 100.08% | 79.95% |
Bonds | 20.33% | 0.00% | 79.72% | 31.78% |
Preferred Stocks | 7.39% | 0.00% | 21.95% | 1.47% |
Other | 0.60% | -0.45% | 61.72% | 13.69% |
Cash | -35.68% | -35.68% | 25.19% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XACVX % Rank | |
---|---|---|---|---|
Technology | 26.21% | 0.22% | 27.92% | 1.74% |
Consumer Cyclical | 14.20% | 0.00% | 14.20% | 0.25% |
Healthcare | 13.75% | 0.00% | 24.25% | 31.34% |
Financial Services | 11.27% | 0.00% | 83.50% | 91.54% |
Utilities | 9.51% | 0.00% | 48.33% | 4.73% |
Communication Services | 6.38% | 0.00% | 11.11% | 55.22% |
Energy | 6.25% | 0.00% | 62.93% | 27.86% |
Industrials | 5.39% | 0.14% | 17.90% | 94.03% |
Basic Materials | 3.29% | 0.00% | 32.82% | 83.83% |
Consumer Defense | 2.35% | 0.00% | 18.62% | 96.77% |
Real Estate | 1.38% | 0.00% | 43.16% | 96.27% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XACVX % Rank | |
---|---|---|---|---|
US | 35.59% | 0.00% | 100.08% | 77.26% |
Non US | 0.00% | 0.00% | 23.24% | 63.33% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XACVX % Rank | |
---|---|---|---|---|
Corporate | 91.89% | 0.00% | 96.66% | 1.23% |
Cash & Equivalents | 8.11% | 0.00% | 25.19% | 9.29% |
Derivative | 0.00% | -0.45% | 61.72% | 51.34% |
Securitized | 0.00% | 0.00% | 52.08% | 94.81% |
Municipal | 0.00% | 0.00% | 99.85% | 86.42% |
Government | 0.00% | 0.00% | 63.33% | 97.04% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XACVX % Rank | |
---|---|---|---|---|
US | 19.31% | 0.00% | 79.72% | 31.78% |
Non US | 1.02% | 0.00% | 7.66% | 10.27% |
XACVX - Expenses
Operational Fees
XACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.55% | 0.06% | 21.26% | 3.42% |
Management Fee | 1.00% | 0.00% | 1.25% | 97.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
XACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XACVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 108.00% | 2.00% | 380.00% | 91.71% |
XACVX - Distributions
Dividend Yield Analysis
XACVX | Category Low | Category High | XACVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.99% | 99.02% |
Dividend Distribution Analysis
XACVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
XACVX | Category Low | Category High | XACVX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.48% | -1.22% | 6.83% | 99.75% |
Capital Gain Distribution Analysis
XACVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 12, 2019 | $0.167 | OrdinaryDividend |
May 10, 2019 | $0.167 | OrdinaryDividend |
Apr 10, 2019 | $0.167 | OrdinaryDividend |
Mar 08, 2019 | $0.167 | OrdinaryDividend |
Feb 08, 2019 | $0.167 | OrdinaryDividend |
Jan 11, 2019 | $0.167 | OrdinaryDividend |
Dec 12, 2018 | $0.167 | OrdinaryDividend |
Nov 09, 2018 | $0.167 | OrdinaryDividend |
Oct 10, 2018 | $0.167 | OrdinaryDividend |
Sep 13, 2018 | $0.167 | OrdinaryDividend |
Aug 10, 2018 | $0.167 | OrdinaryDividend |
Jul 11, 2018 | $0.167 | OrdinaryDividend |
Jun 08, 2018 | $0.167 | OrdinaryDividend |
May 10, 2018 | $0.167 | OrdinaryDividend |
Apr 11, 2018 | $0.167 | OrdinaryDividend |
Mar 09, 2018 | $0.167 | OrdinaryDividend |
Feb 09, 2018 | $0.167 | OrdinaryDividend |
Jan 11, 2018 | $0.167 | OrdinaryDividend |
Dec 08, 2017 | $0.167 | OrdinaryDividend |
Nov 10, 2017 | $0.167 | OrdinaryDividend |
Oct 11, 2017 | $0.167 | OrdinaryDividend |
Sep 08, 2017 | $0.167 | OrdinaryDividend |
Aug 09, 2017 | $0.167 | OrdinaryDividend |
Jul 11, 2017 | $0.167 | OrdinaryDividend |
Jun 08, 2017 | $0.167 | OrdinaryDividend |
May 09, 2017 | $0.167 | OrdinaryDividend |
Apr 11, 2017 | $0.167 | OrdinaryDividend |
Mar 09, 2017 | $0.167 | OrdinaryDividend |
Feb 09, 2017 | $0.167 | OrdinaryDividend |
Jan 11, 2017 | $0.167 | OrdinaryDividend |
Dec 08, 2016 | $0.167 | OrdinaryDividend |
Nov 08, 2016 | $0.167 | OrdinaryDividend |
Oct 11, 2016 | $0.167 | OrdinaryDividend |
Sep 08, 2016 | $0.167 | OrdinaryDividend |
Aug 09, 2016 | $0.167 | OrdinaryDividend |
Jul 07, 2016 | $0.167 | OrdinaryDividend |
Jun 09, 2016 | $0.167 | OrdinaryDividend |
May 10, 2016 | $0.167 | OrdinaryDividend |
Apr 07, 2016 | $0.167 | OrdinaryDividend |
Mar 09, 2016 | $0.167 | OrdinaryDividend |
Feb 10, 2016 | $0.167 | OrdinaryDividend |
Jan 12, 2016 | $0.167 | OrdinaryDividend |
Dec 09, 2015 | $0.167 | OrdinaryDividend |
Nov 09, 2015 | $0.167 | OrdinaryDividend |
Oct 08, 2015 | $0.167 | OrdinaryDividend |
Sep 09, 2015 | $0.167 | OrdinaryDividend |
Aug 11, 2015 | $0.167 | OrdinaryDividend |
Jul 16, 2015 | $0.167 | OrdinaryDividend |
XACVX - Fund Manager Analysis
Managers
Douglas Forsyth
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Forsyth is a portfolio manager, a managing director and CIO US Income and Growth Strategies with Allianz Global Investors, which he joined in 1994. He is the head of the firm’s Income and Growth Strategies team. Mr. Forsyth has portfolio management, trading and research responsibilities, and oversees all aspects of the Income and Growth platform’s business, including product development and implementation. He has been the lead portfolio manager for the firm’s US High Yield Bond strategy since its inception in 1994 and assumed lead portfolio management responsibility for the firm’s US Convertible strategy in 1998. Mr. Forsyth has been managing CLO portfolios since 2006 and has been the lead portfolio manager on the Income and Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients worldwide, Mr. Forsyth supervises multiple open-end and closed-end mutual funds and provides oversight for the US Short Duration High Income strategy. He was previously an analyst at AEGON USA. He has a B.B.A. from The University of Iowa. Mr. Forsyth is a CFA charterholder.
William (Brit) Stickney
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Stickney is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1999. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He has been a portfolio manager for the firm’s US High Yield Bond strategy since he joined the firm in 1999. Mr. Stickney has been the lead portfolio manager for leveraged loan strategies including CLO portfolios since 2006. In addition to management responsibility for institutional clients, Mr. Stickney is responsible for managing multiple closed-end and open-end mutual funds. He was previously a vice president of institutional fixed-income sales with ABN AMRO, Inc., where his primary focus was on high yield corporate securities; before that, he worked for Cowen & Company and Wayne Hummer & Company. Mr. Stickney has a B.S. in finance from Miami University, Ohio, and an M.B.A. from the Kellogg School of Management, Northwestern University.
Justin Kass
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Kass is a portfolio manager, a managing director, CIO and co-head US Income and Growth Strategies with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. In 2003, Mr. Kass was promoted to portfolio management and began handling day-to-day portfolio manager responsibilities for the firm’s US Convertible strategy in 2005. He is also a lead portfolio manager for the firm’s Income & Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients, Mr. Kass is responsible for managing multiple closed-end and open-end mutual funds. Previous to joining the firm, Mr. Kass interned on the Income and Growth Strategies team, adding significant depth to its proprietary Upgrade Alert Model. He has 24 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.
Michael Yee
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 28.73 | 6.38 | 2.41 |