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Virtus Convertible & Income Fund (NCV)

Taxable Bond Funds - Convertible Funds

Data as of Sept. 29, 2023
Market Price $3.11 (+ $0.01)
NAV (Sept. 29, 2023) $3.60 ( $0.00)
Fund Listed NYSE
Premium / Discount -13.61% (+0.28%)
Fund Info
Inception March 31, 2003
Sponsor Virtus Investment Advisers
Phone 1-866-270-7788
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: Jan. 31, 2023) $656M
Estimated Total Assets $515M
Net Assets $325M
Market Cap $281M
Portfolio Turnover 24.00%
Total Leverage 36.79%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.21%
Non Lev Exp Ratio 1.33%
Rel Lev Cost 4.39%
Discount Data
Average Discount (3 Yr) -8.42%
Discount Low(3 Yr) -15.73%
Discount High(3 Yr) -0.75%
Discount Rel Range (3 Yr) 12.31%
Comp Discount -8.60
Discount St Dev (1Yr) 3.42
Z-Stat (6mo) -1.15
Z-Stat (1Yr) -1.01
Z-Stat (3Yr) -1.60
Comp Z-Stat (6mo) -0.90
Comp Z-Stat (3Yr) -1.20
Distribution Data
Market Yield 13.12%
Income Yield 0.00%
Lev Adj NAV Yield 8.29%
Distribution Frequency M
Current Distribution $0.034
Current Income $0.000
Ex-Date 10/11/23
Payable Date 11/1/23
Div Growth (3yr) -20.00%
Dividend Change -20.0% on 3/3/23
Expected Div 11/30/23
RoC (1yr) 93.05%
RoC (3yr) 76.30%
Tax Dividend Data 2022 2020 - 2022
Income 20.8% 37.9%
ST Gains 0% 0%
QDI 4.9% 15.5%
LT Gains 0% 0%
RoC 79.2% 62.1%
Volume & Liquidity
Average Daily $ (K) $1,411
Avg Volume 30 day 685,214
Avg Volume 90 day 453,766
Volume Trend 51.01%
Comp Volume Trend 39.90%
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): NCZ 95.0%
NAV - Price Correlation (30 d) 96.9%
NAV - Price Correlation (90 d) 95.1%
NAV - Price Correlation (1 Yr) 89.2%
Price St Dev (1Yr) 23.8%
NAV St Dev (1Yr) 14.9%
Earnings / Share (1/31/23) $0.003
Earn Coverage 10.00%
Earnings Trend Down
UNII / Share (1/31/23) $-0.105
UNII Trend Down
Bond Specific Data
Maturity 4.48
Credit Rating (rbo) BB
Investment Grade 5.96%
Non Investment Grade 41.69%
Unrated Bonds 52.35%
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

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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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