# Virtus Convertible & Income Fund (NCV): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ncv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2003-03-31 The Virtus Convertible & Income Fund, previously known as AGIC Convertible & Income Fund, is a U.S.-domiciled, closed-end mutual fund specializing in fixed-income investments. Launched and primarily overseen by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager, this fund was established on March 31, 2003. Its investment strategy concentrates on the fixed-income markets within the United States, predominantly allocating capital to convertible securities and non-convertible high-yield bonds that are rated below investment grade. The fun... ## Key Facts | Metric | Value | |---|---| | Price | $14.99 | | Expense Ratio | 2.82% | | Assets Under Management | $338.6M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 10.89% | | Annual Distribution (TTM) | $1.63 /share | | Distribution Frequency | Monthly | | 52-Week Range | $14.46 – $17.65 | | Beta | 1.22 | ## Latest Distribution - Amount: $0.1360 /share - Ex-date: 2026-11-12 - Pay date: 2026-11-27 ## Frequently Asked Questions ### What does NCV invest in? The Virtus Convertible & Income Fund, previously known as AGIC Convertible & Income Fund, is a U.S.-domiciled, closed-end mutual fund specializing in fixed-income investments. Launched and primarily overseen by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager, this fund was established on March 31, 2003. Its investment strategy concentrates on the fixed-income markets within the United States, predominantly allocating capital to convertible securities and non-convertible high-yield bonds that are rated below investment grade. The fund aims for a diverse maturity profile, maintaining a weighted average maturity for its holdings typically ranging from five to ten years. Portfolio construction is driven by fundamental analysis and a bottom-up security selection approach, supported by proprietary models and in-house research capabilities. ### What is the expense ratio of NCV? Virtus Convertible & Income Fund (NCV) charges an expense ratio of 2.82%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NCV's dividend yield? NCV's trailing-twelve-month yield is 10.89%, calculated from the sum of dividends over the past year divided by the current price. ### How big is NCV? Virtus Convertible & Income Fund (NCV) manages $338.6M 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 NCV actively managed or an index fund? NCV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was NCV launched? Virtus Convertible & Income Fund (NCV) launched in March 2003 and is managed by the fund issuer. ### Does NCV pay a dividend? Yes, Virtus Convertible & Income Fund (NCV) distributes dividends to shareholders. The trailing-twelve-month yield is 10.89%. Full dividend history is on this page. ### How often does NCV pay dividends? Virtus Convertible & Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NCV's next ex-dividend date? The most recently announced ex-dividend date for NCV was 2026-11-12. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NCV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.82% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NCV charge its expense ratio? The expense ratio is deducted in tiny daily slices from NCV'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. ### Why does NCV cost more than a fund like VOO? NCV's strategy (current expense ratio 2.82%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NCV sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NCV? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NCV (2.82%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ncv - Distribution history: https://www.dividenddata.com/funds/ncv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ncv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ncv/expenses - Peer comparison: https://www.dividenddata.com/funds/ncv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.