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Virtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
mutual fund
XNIEX
Payout Change
Suspended
Price as of:
$27.02
+0.23
+0.86%
primary theme
U.S. Growth/Balanced Allocation
share class
XNIEX (Mutual Fund)
Virtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
Payout Change
Suspended
Price as of:
$27.02
+0.23
+0.86%
primary theme
U.S. Growth/Balanced Allocation
share class
XNIEX (Mutual Fund)
Virtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
Payout Change
Suspended
Price as of:
$27.02
+0.23
+0.86%
primary theme
U.S. Growth/Balanced Allocation
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Virtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
XNIEX | Fund
$27.02
$733 M
0.00%
1.22%
Vitals
YTD Return
13.8%
1 yr return
16.8%
3 Yr Avg Return
-8.2%
5 Yr Avg Return
1.9%
Net Assets
$733 M
Holdings in Top 10
25.0%
52 WEEK LOW AND HIGH
$26.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Virtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
XNIEX | Fund
$27.02
$733 M
0.00%
1.22%
XNIEX - Profile
Distributions
- YTD Total Return 13.8%
- 3 Yr Annualized Total Return -8.2%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.28%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVirtus Equity & Convertible Income Fund of Beneficial Interest Virtus Equity & Convertible Income Fund
-
Fund Family NameAllianz Group
-
Inception DateMar 22, 2007
-
Shares Outstanding27708965
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDouglas Forsyth
Fund Description
XNIEX - Performance
Return Ranking - Trailing
| Period | XNIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 2.7% | 26.6% | 88.58% |
| 1 Yr | 16.8% | 4.9% | 38.3% | 91.35% |
| 3 Yr | -8.2%* | -8.4% | 11.5% | 100.00% |
| 5 Yr | 1.9%* | 2.0% | 13.8% | 100.00% |
| 10 Yr | 5.2%* | 1.2% | 11.9% | 95.79% |
* Annualized
Return Ranking - Calendar
| Period | XNIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.5% | -6.9% | 29.3% | 56.25% |
| 2022 | -36.0% | -37.4% | -8.2% | 99.29% |
| 2021 | 6.7% | -9.8% | 25.4% | 56.88% |
| 2020 | 25.4% | -21.0% | 25.4% | 0.38% |
| 2019 | 18.2% | -8.3% | 27.9% | 22.44% |
Total Return Ranking - Trailing
| Period | XNIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | 2.7% | 26.6% | 88.58% |
| 1 Yr | 16.8% | 4.9% | 38.3% | 91.35% |
| 3 Yr | -8.2%* | -8.4% | 11.5% | 100.00% |
| 5 Yr | 1.9%* | 2.0% | 13.8% | 100.00% |
| 10 Yr | 5.2%* | 1.2% | 11.9% | 95.79% |
* Annualized
Total Return Ranking - Calendar
| Period | XNIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.5% | -0.9% | 33.0% | 80.90% |
| 2022 | -36.0% | -36.0% | -0.9% | 100.00% |
| 2021 | 6.7% | -7.8% | 33.9% | 99.28% |
| 2020 | 25.4% | -16.2% | 25.4% | 0.38% |
| 2019 | 22.2% | 7.3% | 34.8% | 46.46% |
NAV & Total Return History
XNIEX - Holdings
Concentration Analysis
| XNIEX | Category Low | Category High | XNIEX % Rank | |
|---|---|---|---|---|
| Net Assets | 733 M | 1.43 M | 120 B | 59.52% |
| Number of Holdings | 221 | 4 | 2696 | 20.76% |
| Net Assets in Top 10 | 183 M | 1.28 M | 27.7 B | 77.16% |
| Weighting of Top 10 | 24.96% | 19.7% | 118.4% | 86.85% |
Top 10 Holdings
- Microsoft Corp 4.28%
- Apple Inc 3.88%
- Dreyfus Government Cash Mgmt Instl 3.56%
- Alphabet Inc Class A 3.19%
- Meta Platforms Inc Class A 2.43%
- Tesla Inc 2.33%
- NVIDIA Corp 2.20%
- Amazon.com Inc 2.18%
- The Home Depot Inc 1.62%
- ServiceNow Inc 1.56%
Asset Allocation
| Weighting | Return Low | Return High | XNIEX % Rank | |
|---|---|---|---|---|
| Stocks | 62.20% | 0.00% | 100.10% | 87.54% |
| Convertible Bonds | 26.48% | 0.00% | 26.48% | 0.35% |
| Cash | 5.37% | 0.00% | 100.00% | 24.22% |
| Preferred Stocks | 5.27% | 0.00% | 16.57% | 3.46% |
| Bonds | 0.50% | 0.00% | 102.71% | 35.64% |
| Other | 0.19% | -0.25% | 26.93% | 22.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | XNIEX % Rank | |
|---|---|---|---|---|
| Technology | 27.82% | 3.31% | 52.93% | 2.44% |
| Consumer Cyclical | 14.97% | 0.00% | 16.01% | 0.70% |
| Healthcare | 14.80% | 0.00% | 36.30% | 13.24% |
| Financial Services | 11.85% | 0.28% | 52.80% | 94.08% |
| Communication Services | 6.60% | 0.00% | 26.62% | 58.19% |
| Energy | 6.58% | 0.00% | 29.22% | 19.86% |
| Industrials | 5.96% | 1.16% | 32.55% | 95.82% |
| Utilities | 4.10% | 0.00% | 31.67% | 17.77% |
| Basic Materials | 3.43% | 0.00% | 11.49% | 87.80% |
| Consumer Defense | 2.51% | 0.00% | 14.86% | 92.33% |
| Real Estate | 1.38% | 0.00% | 33.86% | 93.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | XNIEX % Rank | |
|---|---|---|---|---|
| US | 62.20% | 0.00% | 100.10% | 76.82% |
| Non US | 0.00% | 0.00% | 21.17% | 68.51% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XNIEX % Rank | |
|---|---|---|---|---|
| Corporate | 85.73% | 0.00% | 98.43% | 4.53% |
| Cash & Equivalents | 14.27% | 0.00% | 99.25% | 3.46% |
| Derivative | 0.00% | -0.45% | 26.43% | 53.98% |
| Securitized | 0.00% | 0.00% | 37.97% | 92.33% |
| Municipal | 0.00% | 0.00% | 17.02% | 84.67% |
| Government | 0.00% | 0.00% | 99.71% | 96.17% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XNIEX % Rank | |
|---|---|---|---|---|
| US | 0.50% | 0.00% | 102.71% | 35.64% |
| Non US | 0.00% | 0.00% | 1.68% | 58.48% |
XNIEX - Expenses
Operational Fees
| XNIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.22% | 0.04% | 4.67% | 28.72% |
| Management Fee | 1.00% | 0.00% | 1.25% | 97.23% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
| XNIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| XNIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| XNIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.00% | 4.00% | 236.00% | 81.32% |
XNIEX - Distributions
Dividend Yield Analysis
| XNIEX | Category Low | Category High | XNIEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.22% | 96.89% |
Dividend Distribution Analysis
| XNIEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| XNIEX | Category Low | Category High | XNIEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.28% | -1.12% | 6.07% | 96.79% |
Capital Gain Distribution Analysis
| XNIEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 14, 2019 | $0.380 | OrdinaryDividend |
| Mar 08, 2019 | $0.380 | OrdinaryDividend |
| Dec 21, 2018 | $0.380 | OrdinaryDividend |
| Sep 14, 2018 | $0.380 | OrdinaryDividend |
| Jun 08, 2018 | $0.380 | OrdinaryDividend |
| Mar 09, 2018 | $0.380 | OrdinaryDividend |
| Dec 22, 2017 | $0.380 | OrdinaryDividend |
| Sep 08, 2017 | $0.380 | OrdinaryDividend |
| Jun 08, 2017 | $0.380 | OrdinaryDividend |
| Mar 09, 2017 | $0.380 | OrdinaryDividend |
| Dec 22, 2016 | $0.380 | OrdinaryDividend |
| Sep 08, 2016 | $0.380 | OrdinaryDividend |
| Jun 09, 2016 | $0.380 | OrdinaryDividend |
| Mar 10, 2016 | $0.380 | OrdinaryDividend |
| Dec 23, 2015 | $0.380 | OrdinaryDividend |
| Sep 10, 2015 | $0.380 | OrdinaryDividend |
| Jun 11, 2015 | $0.380 | OrdinaryDividend |
| Mar 12, 2015 | $0.380 | OrdinaryDividend |
| Dec 29, 2014 | $0.380 | OrdinaryDividend |
| Sep 11, 2014 | $0.380 | OrdinaryDividend |
| Jun 12, 2014 | $0.280 | OrdinaryDividend |
| Mar 13, 2014 | $0.280 | OrdinaryDividend |
| Dec 24, 2013 | $0.280 | OrdinaryDividend |
| Dec 24, 2013 | $0.240 | StockDividend |
| Sep 12, 2013 | $0.280 | OrdinaryDividend |
| Jun 13, 2013 | $0.280 | OrdinaryDividend |
| Mar 14, 2013 | $0.280 | OrdinaryDividend |
| Dec 26, 2012 | $0.280 | OrdinaryDividend |
| Sep 13, 2012 | $0.280 | OrdinaryDividend |
| Jun 14, 2012 | $0.280 | OrdinaryDividend |
| Dec 28, 2011 | $0.280 | OrdinaryDividend |
| Sep 15, 2011 | $0.280 | OrdinaryDividend |
| Jun 16, 2011 | $0.280 | OrdinaryDividend |
| Mar 17, 2011 | $0.280 | OrdinaryDividend |
| Dec 29, 2010 | $0.280 | OrdinaryDividend |
| Sep 16, 2010 | $0.280 | OrdinaryDividend |
| Jun 17, 2010 | $0.280 | OrdinaryDividend |
| Mar 18, 2010 | $0.280 | OrdinaryDividend |
| Dec 23, 2009 | $0.280 | OrdinaryDividend |
| Sep 17, 2009 | $0.280 | OrdinaryDividend |
| Jun 18, 2009 | $0.280 | OrdinaryDividend |
| Mar 19, 2009 | $0.280 | OrdinaryDividend |
| Dec 24, 2008 | $0.625 | OrdinaryDividend |
| Sep 18, 2008 | $0.563 | OrdinaryDividend |
| Jun 19, 2008 | $0.563 | OrdinaryDividend |
| Mar 19, 2008 | $0.563 | OrdinaryDividend |
| Dec 27, 2007 | $0.563 | OrdinaryDividend |
| Sep 20, 2007 | $0.563 | OrdinaryDividend |
| Jun 01, 2007 | $0.563 | OrdinaryDividend |
XNIEX - Fund Manager Analysis
Managers
Douglas Forsyth
Start Date
Tenure
Tenure Rank
Feb 27, 2007
15.27
15.3%
Mr. Forsyth is a portfolio manager, a managing director and CIO US Income and Growth Strategies with Allianz Global Investors, which he joined in 1994. He is the head of the firm’s Income and Growth Strategies team. Mr. Forsyth has portfolio management, trading and research responsibilities, and oversees all aspects of the Income and Growth platform’s business, including product development and implementation. He has been the lead portfolio manager for the firm’s US High Yield Bond strategy since its inception in 1994 and assumed lead portfolio management responsibility for the firm’s US Convertible strategy in 1998. Mr. Forsyth has been managing CLO portfolios since 2006 and has been the lead portfolio manager on the Income and Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients worldwide, Mr. Forsyth supervises multiple open-end and closed-end mutual funds and provides oversight for the US Short Duration High Income strategy. He was previously an analyst at AEGON USA. He has a B.B.A. from The University of Iowa. Mr. Forsyth is a CFA charterholder.
Michael Yee
Start Date
Tenure
Tenure Rank
Sep 05, 2008
13.74
13.7%
Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.
Justin Kass
Start Date
Tenure
Tenure Rank
Sep 05, 2008
13.74
13.7%
Mr. Kass is a portfolio manager, a managing director, CIO and co-head US Income and Growth Strategies with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. In 2003, Mr. Kass was promoted to portfolio management and began handling day-to-day portfolio manager responsibilities for the firm’s US Convertible strategy in 2005. He is also a lead portfolio manager for the firm’s Income & Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients, Mr. Kass is responsible for managing multiple closed-end and open-end mutual funds. Previous to joining the firm, Mr. Kass interned on the Income and Growth Strategies team, adding significant depth to its proprietary Upgrade Alert Model. He has 24 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.38 | 2.41 |
