ACV: Steady Monthly Distribution From A Hybrid Portfolio
Portfolio Pulse from
Virtus Diversified Income & Convertible Fund (ACV) offers a hybrid portfolio with a focus on convertibles, equities, and high-yield bonds. It provides a 9.65% distribution yield, supported by capital gains and growing net investment income. Despite a narrow discount, it may be worth considering for small accumulations or watch lists.
November 26, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Virtus Diversified Income & Convertible Fund (ACV) offers a 9.65% distribution yield with a hybrid portfolio. The fund's yield is supported by capital gains and growing net investment income, but the narrow discount suggests it's not a bargain.
The fund's high yield and growing net investment income are positive, but the narrow discount limits its attractiveness as a bargain. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100