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Virtus Convertible & Income Fund (NCV)

Taxable Bond Funds - Convertible Funds

Data as of March 27, 2024
Current
Market Price $3.33 (+ $0.02)
NAV (March 27, 2024) $3.78 (+ $0.02)
Fund Listed NYSE
Premium / Discount -11.90% (+0.06%)
Fund Info
Inception March 31, 2003
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-866-270-7788
NAV Symbol XNCVX
Location New York
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: Capital appreciation and high current income convertible securities and non-convertible high-yield bonds rated below investment grade.
Related Indexes
15 Major CEF Sectors Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Convertible Bond Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 90,373,569
Total Assets (Reported: July 31, 2023) $566M
Estimated Total Assets $547M
Net Assets $342M
Market Cap $301M
Portfolio Turnover 54.00%
Total Leverage 37.54%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 5.06%
Non Lev Exp Ratio 1.26%
Rel Lev Cost 6.40%
Discount Data
Average Discount (3 Yr) -8.68%
Discount Low(3 Yr) -15.73%
Discount High(3 Yr) -0.75%
Discount Rel Range (3 Yr) 25.55%
Comp Discount -9.69
Discount St Dev (1Yr) 1.37
Z-Stat
Z-Stat (6mo) 0.34
Z-Stat (1Yr) 0.27
Z-Stat (3Yr) -0.89
Comp Z-Stat (6mo) -0.32
Comp Z-Stat (3Yr) -1.07
Distribution Data
Market Yield 12.25%
Income Yield 0.00%
Lev Adj NAV Yield 7.85%
Distribution Frequency M
Current Distribution $0.034
Current Income $0.000
Ex-Date 4/10/24
Payable Date 4/29/24
Div Growth (3yr) -20.00%
Dividend Change -20.0% on 3/3/23
Expected Div 5/22/24
RoC (1yr) 87.87%
RoC (3yr) 79.22%
Tax Dividend Data 2023 2021 - 2023
Income 16.2% 22.8%
ST Gains 0% 0%
QDI 1.7% 7.8%
LT Gains 0% 0%
RoC 83.8% 77.2%
Volume & Liquidity
Average Daily $ (K) $1,402
Avg Volume 30 day 574,061
Avg Volume 90 day 421,079
Volume Trend 36.33%
Comp Volume Trend 30.68%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
72.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
83.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
91.0%
Most Correlated Peer (Mk Pr): NCZ 94.0%
NAV - Price Correlation (30 d) 81.4%
NAV - Price Correlation (90 d) 78.0%
NAV - Price Correlation (1 Yr) 94.0%
Price St Dev (1Yr) 17.5%
NAV St Dev (1Yr) 11.2%
Earnings
Earnings / Share (7/31/23) $0.006
Earn Coverage 16.76%
Earnings Trend Down
UNII / Share (7/31/23) $-0.292
Rel UNII
UNII Trend Down
Bond Specific Data
Maturity 4.20
Duration
Credit Rating (rbo) BB
Investment Grade 7.98%
Non Investment Grade 41.24%
Unrated Bonds 50.78%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.97
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.53
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
1.04

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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