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Virtus Diversified Income & Convertible Fund (ACV)

Taxable Bond Funds - Convertible Funds

Data as of Sept. 20, 2023
Market Price $18.93 (- $0.10)
NAV (Sept. 20, 2023) $20.18 (- $0.15)
Fund Listed NYSE
Premium / Discount -6.19% (+0.20%)
Fund Info
Inception May 26, 2015
Sponsor Virtus Investment Advisers
Phone 1-866-270-7788
Location New York
Incorporated Massachusetts
Staggered Board No
Term Date May 22, 2030
Objective: Provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss.
Related Indexes
15 Major CEF Sectors Index
Convertible Bond Index
Capital & Leverage
Outstanding Shares 10,365,167
Total Assets (Reported: Jan. 31, 2023) $332M
Estimated Total Assets $308M
Net Assets $209M
Market Cap $196M
Portfolio Turnover 94.00%
Total Leverage 32.14%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.36%
Non Lev Exp Ratio 1.63%
Rel Lev Cost 3.56%
Discount Data
Average Discount (3 Yr) -4.61%
Discount Low(3 Yr) -13.55%
Discount High(3 Yr) 28.03%
Discount Rel Range (3 Yr) 17.69%
Comp Discount -1.25
Discount St Dev (1Yr) 4.22
Z-Stat (6mo) 0.11
Z-Stat (1Yr) -0.42
Z-Stat (3Yr) -0.36
Comp Z-Stat (6mo) 0.37
Comp Z-Stat (3Yr) 0.00
Distribution Data
Market Yield 11.41%
Income Yield 0.00%
Lev Adj NAV Yield 8.10%
Distribution Frequency M
Current Distribution $0.180
Current Income $0.000
Ex-Date 10/11/23
Payable Date 11/1/23
Div Growth (3yr) 7.78%
Dividend Change 7.8% on 12/17/21
Expected Div 11/30/23
RoC (1yr) 62.39%
RoC (3yr) 11.62%
Tax Dividend Data 2022 2020 - 2022
Income 28.0% 66.5%
ST Gains 0% 0%
QDI 7.0% 7.8%
LT Gains 72.0% 33.2%
RoC 0% 0.3%
Volume & Liquidity
Average Daily $ (K) $584
Avg Volume 30 day 33,929
Avg Volume 90 day 30,825
Volume Trend 10.07%
Comp Volume Trend 6.16%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
Most Correlated Peer (Mk Pr): BCV 89.0%
NAV - Price Correlation (30 d) 74.1%
NAV - Price Correlation (90 d) 90.5%
NAV - Price Correlation (1 Yr) 63.2%
Price St Dev (1Yr) 23.7%
NAV St Dev (1Yr) 17.2%
Earnings / Share (1/31/23) $0.003
Earn Coverage 1.50%
Earnings Trend Up
UNII / Share (1/31/23) $0.015
UNII Trend Down
Bond Specific Data
Maturity 4.03
Credit Rating (rbo) BB
Investment Grade 8.33%
Non Investment Grade 18.16%
Unrated Bonds 73.52%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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