ACV

Virtus Diversified Income & Convertible Fund
ACV

$20.75

1.8%

Market Cap: $215M

About: Virtus AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation while seeking to provide downside protection against capital loss. It seeks to achieve its investment objective by investing in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities.

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Funds holding %

of 6,686 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

83% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 6

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

11% more funds holding

Funds holding: 28 [Q1] → 31 (+3) [Q2]

1.2% less ownership

Funds ownership: 20.72% [Q1] → 19.52% (-1.2%) [Q2]

16% less capital invested

Capital invested by funds: $51.3M [Q1] → $43M (-$8.34M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ACV.

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Financial journalist opinion

Virtus Diversified Income & Convertible Fund Announces Distributions

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.18 September 13, 2024 September 13, 2024 September 26, 2024 $0.18 October 11, 2024 October 11, 2024 October 30, 2024 $0.18 November 12, 2024 November 12, 2024 November 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level th.

Virtus Diversified Income & Convertible Fund Announces Distributions

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on June 6, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 August 12, 2024 August 12, 2024 August 29, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

ACV: Looking At Recent Portfolio Changes And Valuation Improvement (Upgrade)

Virtus Diversified Income & Convertible Fund offers a high yield of 10.63%, above the median for its peer group. The ACV closed-end fund's portfolio includes convertible securities, common stocks, and fixed-income assets, with recent changes in asset allocation. The fund continues to reduce convertible bonds in favor of junk bonds, which may not be the best move in a falling-rate environment.

ACV: Looking At Recent Portfolio Changes And Valuation Improvement (Upgrade)

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on June 6, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 July 11, 2024 July 11, 2024 July 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combin.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combi.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

Virtus Diversified Income & Convertible Fund Announces Distributions

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.18 July 11, 2024 July 11, 2024 July 30, 2024 $0.18 August 12, 2024 August 12, 2024 August 29, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized cap.

Virtus Diversified Income & Convertible Fund Announces Distributions

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 May 10, 2024 May 13, 2024 May 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combinat.

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

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ACV: Improving Diversification, But Valuation Ignores Distribution Risks (Downgrade)

Virtus Diversified Income & Convertible Fund pays a 9.83% yield, which is certainly attractive for a closed-end fund that does not invest solely in fixed income. The ACV fund has underperformed the convertible index over the past 3 months but outperformed when distributions are included. The fund has reduced its allocation to convertible securities and increased its allocation to junk bonds since the start of the year.

ACV: Improving Diversification, But Valuation Ignores Distribution Risks (Downgrade)

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