Virtus Diversified Income & Convertible Fund

Frequently Asked Questions About ACV

What does ACV invest in?

Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.

What is the expense ratio of ACV?

Virtus Diversified Income & Convertible Fund (ACV) charges an expense ratio of 3.63%. This is the annual fee deducted from fund assets to cover management and operations.

What is ACV's dividend yield?

ACV's trailing-twelve-month yield is 9.71%, calculated from the sum of dividends over the past year divided by the current price.

How big is ACV?

Virtus Diversified Income & Convertible Fund (ACV) manages $272.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ACV actively managed or an index fund?

ACV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ACV launched?

Virtus Diversified Income & Convertible Fund (ACV) launched in May 2015 and is managed by the fund issuer.