# Virtus Convertible & Income 2024 Target Term Fund (CBH): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cbh for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2017-06-28 This fund strategically allocates its capital across both public equity and fixed income markets within the United States. Its equity component primarily targets convertible securities issued by companies spanning diverse industries. For its fixed income exposure, the fund invests in various income-generating debt instruments and Senior Secured Loans. A notable characteristic is its predominant focus on fixed income securities, specifically those with a credit rating below "BBB-", indicating an emphasis on the non-investment grade segment. The investment methodology employed involves a fund... ## Key Facts | Metric | Value | |---|---| | Price | $9.19 | | Expense Ratio | — | | Market Value | $167.8M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.40 – $9.20 | | Beta | 0.49 | ## Latest Distribution - Amount: $0.0270 /share - Ex-date: 2024-06-13 - Pay date: 2024-06-27 ## Frequently Asked Questions ### What does CBH invest in? This fund strategically allocates its capital across both public equity and fixed income markets within the United States. Its equity component primarily targets convertible securities issued by companies spanning diverse industries. For its fixed income exposure, the fund invests in various income-generating debt instruments and Senior Secured Loans. A notable characteristic is its predominant focus on fixed income securities, specifically those with a credit rating below "BBB-", indicating an emphasis on the non-investment grade segment. The investment methodology employed involves a fundamental analysis, utilizing a bottom-up approach to select individual securities for its portfolio. Established on June 30, 2017, the fund is domiciled in the United States. ### What is the expense ratio of CBH? An expense ratio for Virtus Convertible & Income 2024 Target Term Fund (CBH) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is CBH? Virtus Convertible & Income 2024 Target Term Fund (CBH) has a market value of $167.8M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CBH actively managed or an index fund? CBH is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions. ### When was CBH launched? Virtus Convertible & Income 2024 Target Term Fund (CBH) launched in June 2017 and is managed by the fund issuer. ### How has CBH performed? CBH's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CBH pay a dividend? Virtus Convertible & Income 2024 Target Term Fund (CBH) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CBH pay dividends? Virtus Convertible & Income 2024 Target Term Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CBH's dividend yield? CBH's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is CBH's next ex-dividend date? The most recently announced ex-dividend date for CBH was 2024-06-13. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is CBH's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Virtus Convertible & Income 2024 Target Term Fund (CBH). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does CBH charge its expense ratio? The expense ratio is deducted in tiny daily slices from CBH's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cbh - Distribution history: https://www.dividenddata.com/funds/cbh/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cbh/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cbh/expenses - Peer comparison: https://www.dividenddata.com/funds/cbh/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.