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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.
Is ACV's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Subscription Revenue: $3.877 billion, 23% year-over-year growth in constant currency.Operating Margin: 29.5%, 300 basis points above guidance.Free Cash Flow Ma
BUFFALO, N.Y.--(BUSINESS WIRE)--ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report second quarter 2026 financial results after market close and host a conference call at 5:00 p.m. ET on Monday, August 10, 2026. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes p.
Virtus Diversified Income & Convertible Fund has delivered strong total returns, aided by a narrowing discount to NAV and robust tech sector performance. ACV now trades at a modest -1.31% discount, with a 7.94% yield, but its heavy tech and convertible exposure raises caution amid stretched equity valuations. Distribution stability is appealing, but coverage relies heavily on capital gains rather than net investment income, making sustainability sensitive to market conditions.
The Virtus Diversified Income & Convertible Fund offers a 7.76% yield, primarily through convertible bonds with significant technology sector exposure. ACV's convertible-heavy portfolio provides downside protection versus equities and higher yields than common stock, but total returns may lag in bull markets. Despite tech concentration, ACV's largest holdings differ from the S&P 500, reducing single-company risk but maintaining sector vulnerability.
Demand for technology services in Europe continued to accelerate in the second quarter, as the region increasingly turns to managed services to reduce costs an