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Name

As of 10/13/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Convertible Income Fund

NCV | Fund

$3.01

$358 M

13.55%

$0.41

1.28%

Vitals

YTD Return

-2.3%

1 yr return

6.2%

3 Yr Avg Return

-8.1%

5 Yr Avg Return

-1.4%

Net Assets

$358 M

Holdings in Top 10

20.1%

52 WEEK LOW AND HIGH

$3.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 34.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 10/13/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Virtus Convertible Income Fund

NCV | Fund

$3.01

$358 M

13.55%

$0.41

1.28%

NCV - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 10.32%
DIVIDENDS
  • Dividend Yield 13.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Convertible Income Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Mar 27, 2003
  • Shares Outstanding
    89613563
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

NCV - Performance

Return Ranking - Trailing

Period NCV Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -4.4% 3.3% 93.98%
1 Yr 6.2% -10.4% 12.0% 78.31%
3 Yr -8.1%* -18.6% 0.3% 93.90%
5 Yr -1.4%* -7.1% 10.9% 93.59%
10 Yr -0.4%* -1.2% 9.8% 95.16%

* Annualized

Return Ranking - Calendar

Period NCV Return Category Return Low Category Return High Rank in Category (%)
2023 -0.9% -7.7% 13.1% 97.65%
2022 -41.7% -43.5% -9.7% 98.81%
2021 1.6% -18.9% 2.4% 4.76%
2020 -0.2% -0.6% 54.0% 98.75%
2019 10.8% 9.9% 24.4% 93.75%

Total Return Ranking - Trailing

Period NCV Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -4.4% 3.3% 93.98%
1 Yr 6.2% -10.4% 12.0% 78.31%
3 Yr -8.1%* -18.6% 0.3% 93.90%
5 Yr -1.4%* -7.1% 10.9% 93.59%
10 Yr -0.4%* -1.2% 9.8% 95.16%

* Annualized

Total Return Ranking - Calendar

Period NCV Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -7.7% 17.7% 7.06%
2022 -34.1% -37.8% -9.7% 97.62%
2021 10.7% -12.2% 11.3% 4.76%
2020 11.7% 5.8% 64.4% 95.00%
2019 24.1% 12.2% 28.7% 48.75%

NAV & Total Return History

NCV - Holdings

Concentration Analysis

NCV Category Low Category High NCV % Rank
Net Assets 358 M 17.5 M 3.69 B 71.76%
Number of Holdings 232 40 381 12.94%
Net Assets in Top 10 72 M 4.72 M 669 M 76.47%
Weighting of Top 10 20.11% 9.5% 50.5% 76.47%

Top 10 Holdings

  1. Dexcom Inc 2.49%
  2. Wells Fargo Co 2.31%
  3. Exact Sciences Corp 2.10%
  4. Liberty Broadband Corp 2.04%
  5. BlackRock Liquidity FedFund 2.04%
  6. Zillow Group Inc 2.00%
  7. CCF Holdings LLC 1.90%
  8. Palo Alto Networks Inc 1.81%
  9. Southern Co/The 1.81%
  10. ON Semiconductor Corp 1.61%

Asset Allocation

Weighting Return Low Return High NCV % Rank
Bonds 		139.19% 0.00% 141.12% 2.35%
Convertible Bonds 		33.22% 33.22% 110.54% 100.00%
Preferred Stocks 		6.19% 0.00% 22.50% 43.53%
Stocks 		2.71% 0.00% 23.09% 29.41%
Cash 		2.04% -78.94% 8.82% 74.12%
Other 		0.24% -17.11% 1.27% 16.47%

Stock Sector Breakdown

Weighting Return Low Return High NCV % Rank
Utilities 		2.53% 0.00% 100.00% 98.68%
Industrials 		1.44% 0.00% 23.08% 48.68%
Basic Materials 		0.54% 0.00% 24.08% 22.37%
Technology 		0.00% 0.00% 23.73% 46.05%
Real Estate 		0.00% 0.00% 27.87% 30.26%
Healthcare 		0.00% 0.00% 20.31% 68.42%
Financial Services 		0.00% 0.00% 20.48% 44.74%
Energy 		0.00% 0.00% 40.56% 43.42%
Communication Services 		0.00% 0.00% 100.00% 31.58%
Consumer Defense 		0.00% 0.00% 25.78% 47.37%
Consumer Cyclical 		0.00% 0.00% 24.79% 43.42%

Stock Geographic Breakdown

Weighting Return Low Return High NCV % Rank
US 		2.71% 0.00% 22.42% 29.41%
Non US 		0.00% 0.00% 1.55% 30.59%

Bond Sector Breakdown

Weighting Return Low Return High NCV % Rank
Corporate 		94.61% 91.11% 100.00% 64.71%
Cash & Equivalents 		2.04% 0.00% 8.82% 52.94%
Derivative 		0.24% 0.00% 0.32% 2.35%
Securitized 		0.00% 0.00% 0.00% 18.82%
Municipal 		0.00% 0.00% 0.00% 18.82%
Government 		0.00% 0.00% 2.94% 27.06%

Bond Geographic Breakdown

Weighting Return Low Return High NCV % Rank
US 		139.19% 0.00% 141.12% 2.35%
Non US 		0.00% 0.00% 19.91% 34.12%

NCV - Expenses

Operational Fees

NCV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.20% 3.16% 41.18%
Management Fee 0.70% 0.20% 1.23% 52.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

NCV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NCV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

NCV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 30.00% 154.00% 9.33%

NCV - Distributions

Dividend Yield Analysis

NCV Category Low Category High NCV % Rank
Dividend Yield 13.55% 0.00% 11.30% 1.18%

Dividend Distribution Analysis

NCV Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

NCV Category Low Category High NCV % Rank
Net Income Ratio 10.32% -3.72% 10.32% 1.19%

Capital Gain Distribution Analysis

NCV Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

NCV - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.12 7.42

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