The Fund seeks to provide total return through a combination of current income and
capital appreciation, while seeking to provide downside protection against capital loss.
Strives to dynamically allocate across convertibles, equities, and income-producing
securities.
The Fund normally invests at least 50% of total managed assets in convertibles, and
has the latitude to write covered call options on the stocks held in the equity portion.
Attempts to dampen volatility, relative to an equity-only portfolio, due to the asymmetric
risk/return features historically exhibited by convertible securities.
Managed by an experienced investment team that has a long track record in closed-end
fund management.
15-year limited term structure from the effective date of the Fund’s registration
statement, which may be extended by one year, based on market conditions.
Company profile
Ticker
ACV
Exchange
CEO
Thomas Fuccillo
Employees
Incorporated
Location
Former names
AllianzGI Diversified Income & Convertible Fund, AllianzGI Income & Growth Opportunities Fund, Virtus AllianzGI Diversified Income & Convertible, Virtus AllianzGI Diversified Income & Convertible Fund
SEC CIK
ACV stock data
Latest filings (excl ownership)
N-CEN
Annual report (registered investment company)
12 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
N-CSR
Certified annual shareholder report (management investment company)
5 Apr 24
N-CSRS
Certified semi-annual shareholder report (management investment company)
5 Oct 23
N-PX
Annual report of proxy voting record
23 Aug 23
N-CEN
Annual report (registered investment company)
17 Apr 23
DEF 14A
Definitive proxy
11 Apr 23
N-CSR
Certified annual shareholder report (management investment company)
5 Apr 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
11 Oct 22
DEFA14A
Additional proxy soliciting materials
9 Sep 22
Latest ownership filings
NPORT-P
Virtus Diversified Income & Convertible Fund (Jan 2024 report)
21 Mar 24
SC 13G/A
FIRST TRUST PORTFOLIOS LP
7 Feb 24
3
Matthew Toms
18 Jan 24
NPORT-P
Virtus Diversified Income & Convertible Fund (Oct 2023 report)
22 Dec 23
4
David J. Oberto
5 Oct 23
NPORT-P
Virtus Diversified Income & Convertible Fund (Jul 2023 report)
26 Sep 23
NPORT-P
Virtus Diversified Income & Convertible Fund (Apr 2023 report)
27 Jun 23
3
CONNIE D MCDANIEL
31 May 23
3
GERALDINE M MCNAMARA
30 May 23
NPORT-P
Virtus Diversified Income & Convertible Fund (Jan 2023 report)
24 Mar 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Virtus Diversified Income & Convertible Fund | – | 10.10 | 6.79 | -1.55 | 327.33 mm | 290 | Jan 2024 |
Institutional ownership, Q3 2023
24.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 27 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 11 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 35.63 bn |
Total shares | 2.51 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
First Trust Portfolios | 604.70 k | $0.00 |
WFC Wells Fargo & Co. | 455.54 k | $8.50 bn |
LPL Financial | 377.95 k | $7.05 bn |
Guggenheim Capital | 238.27 k | $4.45 bn |
Advisors Asset Management | 170.45 k | $3.18 bn |
Cornerstone Advisors | 96.27 k | $1.80 bn |
BAC Bank Of America | 95.07 k | $1.77 bn |
Raymond James & Associates | 94.22 k | $1.76 bn |
MS Morgan Stanley | 72.20 k | $1.35 bn |
RY Royal Bank Of Canada | 55.88 k | $1.04 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Oct 23 | David J. Oberto | Virtus Diversified Income & Convertible Fund | Sale back to company | Dispose D | No | No | 18.2204 | 1,293.187 | 23.56 k | 0 |