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Virtus Equity & Convertible Income Fund (NIE)

Hybrid / Balanced Funds - Hybrid / Balanced Funds

Data as of Dec. 6, 2024
Current
Market Price $25.08 (+ $0.17)
NAV (Dec. 6, 2024) $27.16 (+ $0.13)
Fund Listed NYSE
Premium / Discount -7.66% (+0.18%)
Fund Info
Inception Feb. 22, 2007
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-866-270-7788
NAV Symbol XNIEX
Location New York
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: Capital appreciation, current income and gains by investing in equity securities and income-producing convertible securities.
Related Indexes
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Hybrid / Balanced Fund Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 27,708,965
Total Assets (Reported: July 31, 2024) $695M
Estimated Total Assets $753M
Net Assets $753M
Market Cap $695M
Portfolio Turnover 72.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.07%
Non Lev Exp Ratio 1.07%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -10.61%
Discount Low(3 Yr) -14.71%
Discount High(3 Yr) -6.04%
Discount Rel Range (3 Yr) 81.32%
Comp Discount -0.90
Discount St Dev (1Yr) 1.13
Z-Stat
Z-Stat (6mo) 1.63
Z-Stat (1Yr) 1.95
Z-Stat (3Yr) 2.07
Comp Z-Stat (6mo) 0.95
Comp Z-Stat (3Yr) 1.25
Distribution Data
Market Yield 7.97%
Income Yield 0.00%
Lev Adj NAV Yield 7.36%
Distribution Frequency Q
Current Distribution $0.500
Current Income $0.000
Ex-Date 12/12/24
Payable Date 12/30/24
Div Growth (3yr) 31.58%
Dividend Change 31.6% on 12/17/21
Expected Div 3/18/25
RoC (1yr) 34.35%
RoC (3yr) 14.11%
Tax Dividend Data 2023 2021 - 2023
Income 45.6% 49.0%
ST Gains 0% 0%
QDI 9.6% 5.4%
LT Gains 9.8% 36.2%
RoC 44.6% 14.9%
Volume & Liquidity
Average Daily $ (K) $1,528
Avg Volume 30 day 58,592
Avg Volume 90 day 60,907
Volume Trend -3.80%
Comp Volume Trend -6.69%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
89.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
67.0%
Price Correlation (1yr)
vs. CEFA's Hybrid / Balanced Fund Index
74.0%
Most Correlated Peer (Mk Pr): CSQ 85.0%
NAV - Price Correlation (30 d) 96.9%
NAV - Price Correlation (90 d) 97.9%
NAV - Price Correlation (1 Yr) 97.5%
Price St Dev (1Yr) 12.8%
NAV St Dev (1Yr) 11.3%
Earnings
Earnings / Share (7/31/24) $0.059
Earn Coverage 11.84%
Earnings Trend Up
UNII / Share (7/31/24) $-1.008
Rel UNII
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.86
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.14
NAV Beta (2yr)
vs. CEFA's Hybrid / Balanced Fund Index
1.07

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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.

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.

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