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Virtus Convertible & Income Fund II (NCZ)

Taxable Bond Funds - Convertible Funds

Data as of March 15, 2024
Current
Market Price $2.83 (+ $0.03)
NAV (March 15, 2024) $3.27 (- $0.01)
Fund Listed NYSE
Premium / Discount -13.46% (+1.18%)
Fund Info
Inception July 31, 2003
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-866-270-7788
NAV Symbol XNCZX
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 76,115,749
Total Assets (Reported: July 31, 2023) $431M
Estimated Total Assets $405M
Net Assets $249M
Market Cap $215M
Portfolio Turnover 54.00%
Total Leverage 38.54%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 5.07%
Non Lev Exp Ratio 1.28%
Rel Lev Cost 6.14%
Discount Data
Average Discount (3 Yr) -10.59%
Discount Low(3 Yr) -17.48%
Discount High(3 Yr) -4.33%
Discount Rel Range (3 Yr) 30.60%
Comp Discount -12.27
Discount St Dev (1Yr) 1.35
Z-Stat
Z-Stat (6mo) -0.27
Z-Stat (1Yr) -0.63
Z-Stat (3Yr) -0.99
Comp Z-Stat (6mo) -1.21
Comp Z-Stat (3Yr) -1.37
Distribution Data
Market Yield 12.72%
Income Yield 0.00%
Lev Adj NAV Yield 7.95%
Distribution Frequency M
Current Distribution $0.030
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) 88.74%
RoC (3yr) 81.74%
Tax Dividend Data 2023 2021 - 2023
Income 15.0% 20.1%
ST Gains 0% 0%
QDI 1.5% 7.2%
LT Gains 0% 0%
RoC 85.0% 79.9%
Volume & Liquidity
Average Daily $ (K) $1,638
Avg Volume 30 day 500,655
Avg Volume 90 day 578,636
Volume Trend -13.48%
Comp Volume Trend -6.50%
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
86.0%
Most Correlated Peer (Mk Pr): NCV 94.0%
NAV - Price Correlation (30 d) 65.2%
NAV - Price Correlation (90 d) 86.3%
NAV - Price Correlation (1 Yr) 95.6%
Price St Dev (1Yr) 19.3%
NAV St Dev (1Yr) 11.6%
Earnings
Earnings / Share (7/31/23) $0.005
Earn Coverage 16.00%
Earnings Trend Down
UNII / Share (7/31/23) $-0.263
Rel UNII
UNII Trend Down
Bond Specific Data
Maturity 4.16
Duration
Credit Rating (rbo) BB
Investment Grade 8.24%
Non Investment Grade 39.26%
Unrated Bonds 52.49%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.95
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.54
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
1.05

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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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