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Name

As of 02/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Convertible & Income Fund of Beneficial Interest

XNCVX | Fund

$3.71

$408 M

11.00%

$0.41

1.55%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$408 M

Holdings in Top 10

34.7%

52 WEEK LOW AND HIGH

$3.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 54.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 02/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Convertible & Income Fund of Beneficial Interest

XNCVX | Fund

$3.71

$408 M

11.00%

$0.41

1.55%

XNCVX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.69%
DIVIDENDS
  • Dividend Yield 11.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Convertible & Income Fund of Beneficial Interest
  • Fund Family Name
    Allianz Group
  • Inception Date
    May 22, 2003
  • Shares Outstanding
    90373569
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Forsyth

Fund Description

XNCVX - Performance

Return Ranking - Trailing

Period XNCVX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -5.0% 3.3% 98.84%
1 Yr N/A -12.0% 10.8% 89.53%
3 Yr N/A* -18.8% 0.1% 97.65%
5 Yr N/A* -7.1% 10.7% 100.00%
10 Yr N/A* -1.3% 9.7% 100.00%

* Annualized

Return Ranking - Calendar

Period XNCVX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -7.7% 13.1% 92.94%
2022 -37.8% -43.5% -9.7% 97.62%
2021 -1.8% -18.9% 2.4% 11.90%
2020 8.7% -0.6% 54.0% 93.75%
2019 10.2% 9.9% 24.4% 95.00%

Total Return Ranking - Trailing

Period XNCVX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -5.0% 3.3% 98.84%
1 Yr N/A -12.0% 10.8% 89.53%
3 Yr N/A* -18.8% 0.1% 97.65%
5 Yr N/A* -7.1% 10.7% 100.00%
10 Yr N/A* -1.3% 9.7% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XNCVX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -7.7% 17.7% 83.53%
2022 -37.8% -37.8% -9.7% 100.00%
2021 -1.8% -12.2% 11.3% 92.86%
2020 8.7% 5.8% 64.4% 98.75%
2019 17.4% 12.2% 28.7% 91.25%

NAV & Total Return History

XNCVX - Holdings

Concentration Analysis

XNCVX Category Low Category High XNCVX % Rank
Net Assets 408 M 17.5 M 3.69 B 70.59%
Number of Holdings 260 40 381 4.71%
Net Assets in Top 10 142 M 4.72 M 669 M 64.71%
Weighting of Top 10 34.74% 9.5% 50.5% 9.41%

Top 10 Holdings

  1. Dreyfus Government Cash Mgmt Instl 7.24%
  2. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 5.27%
  3. Broadcom Inc 8% 4.12%
  4. Cheniere Energy Inc 4.25% 3.75%
  5. Bank of America Corporation 7.25% 3.73%
  6. Danaher Corporation 4.75% 3.65%
  7. NextEra Energy Inc Unit (Corporate Unit 09/01/2023) 3.06%
  8. Danaher Corp 5% PRF PERPETUAL USD 1000 - Ser B 2.51%
  9. Bill Com Holdings Inc 2.34%
  10. Euronet Worldwide, Inc. 0.75% 2.27%

Asset Allocation

Weighting Return Low Return High XNCVX % Rank
Convertible Bonds 		86.24% 33.22% 110.54% 27.06%
Bonds 		60.66% 0.00% 141.12% 91.76%
Preferred Stocks 		22.50% 0.00% 22.50% 1.18%
Stocks 		8.87% 0.00% 23.09% 11.76%
Other 		0.67% -17.11% 0.97% 14.12%
Cash 		-78.94% -78.94% 18.48% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High XNCVX % Rank
Utilities 		63.17% 0.00% 100.00% 50.00%
Basic Materials 		24.08% 0.00% 24.08% 1.32%
Industrials 		6.50% 0.00% 23.08% 32.89%
Healthcare 		5.64% 0.00% 20.31% 50.00%
Financial Services 		0.62% 0.00% 20.48% 34.21%
Technology 		0.00% 0.00% 23.73% 85.53%
Real Estate 		0.00% 0.00% 27.87% 80.26%
Energy 		0.00% 0.00% 40.56% 84.21%
Communication Services 		0.00% 0.00% 100.00% 75.00%
Consumer Defense 		0.00% 0.00% 25.78% 82.89%
Consumer Cyclical 		0.00% 0.00% 24.79% 84.21%

Stock Geographic Breakdown

Weighting Return Low Return High XNCVX % Rank
US 		8.87% 0.00% 22.42% 11.76%
Non US 		0.00% 0.00% 1.55% 70.59%

Bond Sector Breakdown

Weighting Return Low Return High XNCVX % Rank
Corporate 		95.90% 91.11% 100.00% 61.18%
Cash & Equivalents 		4.10% 0.00% 18.32% 35.29%
Derivative 		0.00% -0.03% 0.32% 56.47%
Securitized 		0.00% 0.00% 0.00% 71.76%
Municipal 		0.00% 0.00% 0.00% 71.76%
Government 		0.00% 0.00% 2.94% 74.12%

Bond Geographic Breakdown

Weighting Return Low Return High XNCVX % Rank
US 		57.95% 0.00% 141.12% 91.76%
Non US 		2.71% 0.00% 19.91% 18.82%

XNCVX - Expenses

Operational Fees

XNCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.20% 3.16% 29.41%
Management Fee 0.70% 0.20% 1.23% 54.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

XNCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XNCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

XNCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 30.00% 154.00% 41.33%

XNCVX - Distributions

Dividend Yield Analysis

XNCVX Category Low Category High XNCVX % Rank
Dividend Yield 11.00% 0.00% 12.43% 96.47%

Dividend Distribution Analysis

XNCVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

XNCVX Category Low Category High XNCVX % Rank
Net Income Ratio 3.69% -3.72% 10.32% 3.57%

Capital Gain Distribution Analysis

XNCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XNCVX - Fund Manager Analysis

Managers

Douglas Forsyth

Start Date

Tenure

Tenure Rank

Apr 01, 2003

19.18

19.2%

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.

Justin Kass

Start Date

Tenure

Tenure Rank

Jan 31, 2007

15.34

15.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.12 7.42

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