Virtus Diversified Income & Convertible Fund of Benef Interest Virtus Diversified Income & Convertible Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$29.18
$286 M
7.40%
$2.16
2.55%
Vitals
YTD Return
20.5%
1 yr return
46.8%
3 Yr Avg Return
24.0%
5 Yr Avg Return
9.9%
Net Assets
$286 M
Holdings in Top 10
24.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 108.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$29.18
$286 M
7.40%
$2.16
2.55%
ACV - Profile
Distributions
- YTD Total Return 20.5%
- 3 Yr Annualized Total Return 24.0%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.48%
- Dividend Yield 7.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus Diversified Income & Convertible Fund of Benef Interest Virtus Diversified Income & Convertible Fund
-
Fund Family NameAllianz Group
-
Inception DateMay 26, 2015
-
Shares Outstanding10362954
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDouglas Forsyth
Fund Description
ACV - Performance
Return Ranking - Trailing
| Period | ACV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.5% | -0.9% | 20.5% | 0.26% |
| 1 Yr | 46.8% | 5.1% | 46.8% | 0.26% |
| 3 Yr | 24.0%* | 5.1% | 24.0% | 0.26% |
| 5 Yr | 9.9%* | 1.1% | 9.9% | 0.26% |
| 10 Yr | 15.5%* | 3.0% | 15.5% | 0.32% |
* Annualized
Return Ranking - Calendar
| Period | ACV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.4% | -1.2% | 12.6% | 0.78% |
| 2024 | 5.3% | -3.2% | 11.5% | 11.63% |
| 2023 | 7.5% | -1.0% | 27.4% | 34.46% |
| 2022 | -35.0% | -35.0% | -9.8% | 100.00% |
| 2021 | -11.5% | -11.5% | 14.6% | 100.00% |
Total Return Ranking - Trailing
| Period | ACV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.5% | -0.9% | 20.5% | 0.26% |
| 1 Yr | 46.8% | 5.1% | 46.8% | 0.26% |
| 3 Yr | 24.0%* | 5.1% | 24.0% | 0.26% |
| 5 Yr | 9.9%* | 1.1% | 9.9% | 0.26% |
| 10 Yr | 15.5%* | 3.0% | 15.5% | 0.32% |
* Annualized
Total Return Ranking - Calendar
| Period | ACV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 24.2% | 5.0% | 24.2% | 0.26% |
| 2024 | 16.3% | 0.6% | 16.3% | 0.26% |
| 2023 | 19.5% | 2.6% | 28.2% | 1.55% |
| 2022 | -28.0% | -28.5% | -3.1% | 99.48% |
| 2021 | 11.3% | -6.4% | 32.0% | 12.67% |
NAV & Total Return History
ACV - Holdings
Concentration Analysis
| ACV | Category Low | Category High | ACV % Rank | |
|---|---|---|---|---|
| Net Assets | 286 M | 415 K | 48.2 B | 68.73% |
| Number of Holdings | 364 | 2 | 4806 | 27.39% |
| Net Assets in Top 10 | 58.4 M | 392 K | 11 B | 86.30% |
| Weighting of Top 10 | 24.36% | 8.8% | 119.4% | 82.95% |
Top 10 Holdings
- Dreyfus Government Cash Mgmt Instl 7.92%
- Microsoft Corp 2.23%
- Broadcom Inc 8% 2.18%
- Apple Inc 2.10%
- Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 1.86%
- Palo Alto Networks Inc 0.375% 1.81%
- Live Nation Entertainment, Inc. 2% 1.80%
- Alphabet Inc Class A 1.77%
- Pioneer Natural Resources Company 0.25% 1.68%
- NextEra Energy Inc Unit 1.61%
Asset Allocation
| Weighting | Return Low | Return High | ACV % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 71.77% | 0.00% | 71.77% | 0.26% |
| Stocks | 35.59% | 0.00% | 100.03% | 81.91% |
| Bonds | 20.33% | 0.00% | 78.27% | 31.78% |
| Preferred Stocks | 7.39% | 0.00% | 9.24% | 1.29% |
| Other | 0.60% | -1.71% | 15.66% | 12.40% |
| Cash | -35.68% | -35.68% | 30.36% | 100.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ACV % Rank | |
|---|---|---|---|---|
| Technology | 26.21% | 0.22% | 27.92% | 1.58% |
| Consumer Cyclical | 14.20% | 0.00% | 14.20% | 0.26% |
| Healthcare | 13.75% | 0.00% | 24.25% | 31.05% |
| Financial Services | 11.27% | 0.00% | 30.67% | 91.32% |
| Utilities | 9.51% | 0.00% | 48.33% | 5.00% |
| Communication Services | 6.38% | 0.00% | 11.11% | 53.42% |
| Energy | 6.25% | 0.00% | 62.93% | 28.68% |
| Industrials | 5.39% | 0.14% | 17.90% | 93.95% |
| Basic Materials | 3.29% | 0.00% | 32.82% | 84.21% |
| Consumer Defense | 2.35% | 0.00% | 18.62% | 96.84% |
| Real Estate | 1.38% | 0.00% | 43.16% | 96.05% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ACV % Rank | |
|---|---|---|---|---|
| US | 35.59% | 0.00% | 100.03% | 77.78% |
| Non US | 0.00% | 0.00% | 21.88% | 58.91% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ACV % Rank | |
|---|---|---|---|---|
| Corporate | 91.89% | 0.00% | 96.66% | 1.31% |
| Cash & Equivalents | 8.11% | 0.00% | 30.36% | 9.56% |
| Derivative | 0.00% | -1.71% | 9.96% | 42.38% |
| Securitized | 0.00% | 0.00% | 52.08% | 93.99% |
| Municipal | 0.00% | 0.00% | 99.85% | 85.64% |
| Government | 0.00% | 0.00% | 63.33% | 96.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ACV % Rank | |
|---|---|---|---|---|
| US | 19.31% | 0.00% | 78.27% | 31.78% |
| Non US | 1.02% | 0.00% | 9.01% | 10.85% |
ACV - Expenses
Operational Fees
| ACV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.55% | 0.05% | 5.52% | 3.11% |
| Management Fee | 1.00% | 0.00% | 1.25% | 97.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| ACV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ACV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ACV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 108.00% | 2.00% | 380.00% | 91.22% |
ACV - Distributions
Dividend Yield Analysis
| ACV | Category Low | Category High | ACV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.40% | 0.00% | 7.99% | 99.74% |
Dividend Distribution Analysis
| ACV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| ACV | Category Low | Category High | ACV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.48% | -1.22% | 6.83% | 99.74% |
Capital Gain Distribution Analysis
| ACV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| May 11, 2026 | $0.180 | OrdinaryDividend |
| Apr 13, 2026 | $0.180 | OrdinaryDividend |
| Mar 16, 2026 | $0.180 | OrdinaryDividend |
| Feb 12, 2026 | $0.180 | OrdinaryDividend |
| Jan 12, 2026 | $0.180 | OrdinaryDividend |
| Dec 29, 2025 | $0.384 | Extra |
| Dec 11, 2025 | $0.180 | OrdinaryDividend |
| Nov 13, 2025 | $0.180 | OrdinaryDividend |
| Oct 14, 2025 | $0.180 | OrdinaryDividend |
| Sep 12, 2025 | $0.180 | OrdinaryDividend |
| Aug 11, 2025 | $0.180 | OrdinaryDividend |
| Jul 11, 2025 | $0.180 | OrdinaryDividend |
| Jun 12, 2025 | $0.180 | OrdinaryDividend |
| May 12, 2025 | $0.180 | OrdinaryDividend |
| Apr 11, 2025 | $0.180 | OrdinaryDividend |
| Mar 13, 2025 | $0.180 | OrdinaryDividend |
| Feb 13, 2025 | $0.010 | CapitalGainLongTerm |
| Feb 13, 2025 | $0.150 | ReturnOfCapital |
| Feb 13, 2025 | $0.012 | OrdinaryDividend |
| Feb 13, 2025 | $0.008 | CapitalGainShortTerm |
| Jan 13, 2025 | $0.180 | OrdinaryDividend |
| Dec 12, 2024 | $0.180 | OrdinaryDividend |
| Nov 12, 2024 | $0.180 | OrdinaryDividend |
| Oct 11, 2024 | $0.180 | OrdinaryDividend |
| Sep 13, 2024 | $0.180 | OrdinaryDividend |
| Aug 12, 2024 | $0.180 | OrdinaryDividend |
| Jul 11, 2024 | $0.180 | OrdinaryDividend |
| Jun 13, 2024 | $0.180 | OrdinaryDividend |
| May 10, 2024 | $0.180 | OrdinaryDividend |
| Apr 10, 2024 | $0.180 | OrdinaryDividend |
| Mar 08, 2024 | $0.180 | OrdinaryDividend |
| Feb 09, 2024 | $0.180 | OrdinaryDividend |
| Jan 11, 2024 | $0.180 | OrdinaryDividend |
| Dec 08, 2023 | $0.180 | OrdinaryDividend |
| Nov 10, 2023 | $0.180 | OrdinaryDividend |
| Oct 11, 2023 | $0.180 | OrdinaryDividend |
| Sep 08, 2023 | $0.180 | OrdinaryDividend |
| Aug 10, 2023 | $0.180 | OrdinaryDividend |
| Jul 12, 2023 | $0.180 | OrdinaryDividend |
| Jun 09, 2023 | $0.180 | OrdinaryDividend |
| May 10, 2023 | $0.180 | OrdinaryDividend |
| Apr 12, 2023 | $0.180 | OrdinaryDividend |
| Mar 10, 2023 | $0.180 | OrdinaryDividend |
| Feb 10, 2023 | $0.180 | OrdinaryDividend |
| Jan 19, 2023 | $0.180 | OrdinaryDividend |
| Dec 29, 2022 | $0.196 | CapitalGainLongTerm |
| Dec 09, 2022 | $0.180 | OrdinaryDividend |
| Nov 10, 2022 | $0.180 | OrdinaryDividend |
| Oct 12, 2022 | $0.180 | OrdinaryDividend |
| Sep 09, 2022 | $0.180 | OrdinaryDividend |
| Aug 10, 2022 | $0.180 | OrdinaryDividend |
| Jul 08, 2022 | $0.180 | OrdinaryDividend |
| Jun 10, 2022 | $0.180 | OrdinaryDividend |
| May 11, 2022 | $0.180 | OrdinaryDividend |
| Apr 08, 2022 | $0.180 | OrdinaryDividend |
| Mar 10, 2022 | $0.180 | OrdinaryDividend |
| Feb 10, 2022 | $0.180 | OrdinaryDividend |
| Jan 12, 2022 | $0.180 | OrdinaryDividend |
| Dec 23, 2021 | $5.799 | OrdinaryDividend |
| Dec 10, 2021 | $0.167 | OrdinaryDividend |
| Nov 10, 2021 | $0.167 | OrdinaryDividend |
| Oct 08, 2021 | $0.167 | OrdinaryDividend |
| Sep 10, 2021 | $0.167 | OrdinaryDividend |
| Aug 11, 2021 | $0.167 | OrdinaryDividend |
| Jul 09, 2021 | $0.167 | OrdinaryDividend |
| Jun 10, 2021 | $0.167 | OrdinaryDividend |
| May 12, 2021 | $0.167 | OrdinaryDividend |
| Apr 09, 2021 | $0.167 | OrdinaryDividend |
| Mar 10, 2021 | $0.167 | OrdinaryDividend |
| Feb 10, 2021 | $0.167 | OrdinaryDividend |
| Jan 13, 2021 | $0.167 | OrdinaryDividend |
| Dec 18, 2020 | $0.376 | OrdinaryDividend |
| Dec 10, 2020 | $0.167 | OrdinaryDividend |
| Nov 10, 2020 | $0.167 | OrdinaryDividend |
| Oct 09, 2020 | $0.167 | OrdinaryDividend |
| Sep 10, 2020 | $0.167 | OrdinaryDividend |
| Aug 12, 2020 | $0.167 | OrdinaryDividend |
| Jul 10, 2020 | $0.167 | OrdinaryDividend |
| Jun 10, 2020 | $0.167 | OrdinaryDividend |
| May 08, 2020 | $0.167 | OrdinaryDividend |
| Apr 09, 2020 | $0.167 | OrdinaryDividend |
| Mar 11, 2020 | $0.167 | OrdinaryDividend |
| Feb 12, 2020 | $0.167 | OrdinaryDividend |
| Jan 10, 2020 | $0.167 | OrdinaryDividend |
| Dec 11, 2019 | $0.167 | OrdinaryDividend |
| Nov 08, 2019 | $0.167 | OrdinaryDividend |
| Oct 10, 2019 | $0.167 | OrdinaryDividend |
| Sep 12, 2019 | $0.167 | OrdinaryDividend |
| Aug 09, 2019 | $0.167 | OrdinaryDividend |
| Jul 10, 2019 | $0.167 | OrdinaryDividend |
| Jun 12, 2019 | $0.167 | OrdinaryDividend |
| May 10, 2019 | $0.167 | OrdinaryDividend |
| Apr 10, 2019 | $0.167 | OrdinaryDividend |
| Mar 08, 2019 | $0.167 | OrdinaryDividend |
| Feb 08, 2019 | $0.167 | OrdinaryDividend |
| Jan 11, 2019 | $0.167 | OrdinaryDividend |
| Dec 12, 2018 | $0.167 | OrdinaryDividend |
| Nov 09, 2018 | $0.167 | OrdinaryDividend |
| Oct 10, 2018 | $0.167 | OrdinaryDividend |
| Sep 13, 2018 | $0.167 | OrdinaryDividend |
| Aug 10, 2018 | $0.167 | OrdinaryDividend |
| Jul 11, 2018 | $0.167 | OrdinaryDividend |
| Jun 08, 2018 | $0.167 | OrdinaryDividend |
| May 10, 2018 | $0.167 | OrdinaryDividend |
| Apr 11, 2018 | $0.167 | OrdinaryDividend |
| Mar 09, 2018 | $0.167 | OrdinaryDividend |
| Feb 09, 2018 | $0.167 | OrdinaryDividend |
| Jan 11, 2018 | $0.167 | OrdinaryDividend |
| Dec 08, 2017 | $0.167 | OrdinaryDividend |
| Nov 10, 2017 | $0.167 | OrdinaryDividend |
| Oct 11, 2017 | $0.167 | OrdinaryDividend |
| Sep 08, 2017 | $0.167 | OrdinaryDividend |
| Aug 09, 2017 | $0.167 | OrdinaryDividend |
| Jul 11, 2017 | $0.167 | OrdinaryDividend |
| Jun 08, 2017 | $0.167 | OrdinaryDividend |
| May 09, 2017 | $0.167 | OrdinaryDividend |
| Apr 11, 2017 | $0.167 | OrdinaryDividend |
| Mar 09, 2017 | $0.167 | OrdinaryDividend |
| Feb 09, 2017 | $0.167 | OrdinaryDividend |
| Jan 11, 2017 | $0.167 | OrdinaryDividend |
| Dec 08, 2016 | $0.167 | OrdinaryDividend |
| Nov 08, 2016 | $0.167 | OrdinaryDividend |
| Oct 11, 2016 | $0.167 | OrdinaryDividend |
| Sep 08, 2016 | $0.167 | OrdinaryDividend |
| Aug 09, 2016 | $0.167 | OrdinaryDividend |
| Jul 07, 2016 | $0.167 | OrdinaryDividend |
| Jun 09, 2016 | $0.167 | OrdinaryDividend |
| May 10, 2016 | $0.167 | OrdinaryDividend |
| Apr 07, 2016 | $0.167 | OrdinaryDividend |
| Mar 09, 2016 | $0.167 | OrdinaryDividend |
| Feb 10, 2016 | $0.167 | OrdinaryDividend |
| Jan 12, 2016 | $0.167 | OrdinaryDividend |
| Dec 09, 2015 | $0.167 | OrdinaryDividend |
| Nov 09, 2015 | $0.167 | OrdinaryDividend |
| Oct 08, 2015 | $0.167 | OrdinaryDividend |
| Sep 09, 2015 | $0.167 | OrdinaryDividend |
| Aug 11, 2015 | $0.167 | OrdinaryDividend |
| Jul 16, 2015 | $0.167 | OrdinaryDividend |
ACV - Fund Manager Analysis
Managers
Douglas Forsyth
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Forsyth is a portfolio manager, a managing director and CIO US Income and Growth Strategies with Allianz Global Investors, which he joined in 1994. He is the head of the firm’s Income and Growth Strategies team. Mr. Forsyth has portfolio management, trading and research responsibilities, and oversees all aspects of the Income and Growth platform’s business, including product development and implementation. He has been the lead portfolio manager for the firm’s US High Yield Bond strategy since its inception in 1994 and assumed lead portfolio management responsibility for the firm’s US Convertible strategy in 1998. Mr. Forsyth has been managing CLO portfolios since 2006 and has been the lead portfolio manager on the Income and Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients worldwide, Mr. Forsyth supervises multiple open-end and closed-end mutual funds and provides oversight for the US Short Duration High Income strategy. He was previously an analyst at AEGON USA. He has a B.B.A. from The University of Iowa. Mr. Forsyth is a CFA charterholder.
William (Brit) Stickney
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Stickney is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1999. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He has been a portfolio manager for the firm’s US High Yield Bond strategy since he joined the firm in 1999. Mr. Stickney has been the lead portfolio manager for leveraged loan strategies including CLO portfolios since 2006. In addition to management responsibility for institutional clients, Mr. Stickney is responsible for managing multiple closed-end and open-end mutual funds. He was previously a vice president of institutional fixed-income sales with ABN AMRO, Inc., where his primary focus was on high yield corporate securities; before that, he worked for Cowen & Company and Wayne Hummer & Company. Mr. Stickney has a B.S. in finance from Miami University, Ohio, and an M.B.A. from the Kellogg School of Management, Northwestern University.
Justin Kass
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Kass is a portfolio manager, a managing director, CIO and co-head US Income and Growth Strategies with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. In 2003, Mr. Kass was promoted to portfolio management and began handling day-to-day portfolio manager responsibilities for the firm’s US Convertible strategy in 2005. He is also a lead portfolio manager for the firm’s Income & Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients, Mr. Kass is responsible for managing multiple closed-end and open-end mutual funds. Previous to joining the firm, Mr. Kass interned on the Income and Growth Strategies team, adding significant depth to its proprietary Upgrade Alert Model. He has 24 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.
Michael Yee
Start Date
Tenure
Tenure Rank
May 26, 2015
7.02
7.0%
Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.39 | 2.41 |