Virtus Convertible & Income Fund

Virtus Convertible & Income Fundverified

NCV

Price:

$3.42

Market Cap:

$309.08M

Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2003-03-31

Stock Exchange

NYSE

Ticker

NCV

The Enterprise Value as of September 2024 (TTM) for Virtus Convertible & Income Fund (NCV) is 393.27M

According to Virtus Convertible & Income Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 393.27M. This represents a change of 8.37% compared to the average of 362.88M of the last 4 quarters.

Virtus Convertible & Income Fund (NCV) Historical Enterprise Value (quarterly & annually)

How has NCV Enterprise Value performed in the past?

The mean historical Enterprise Value of Virtus Convertible & Income Fund over the last ten years is 502.60M. The current 393.27M Enterprise Value has changed 7.72% with respect to the historical average. Over the past ten years (40 quarters), NCV's Enterprise Value was at its highest in in the May 2014 quarter at 906.62M. The Enterprise Value was at its lowest in in the October 2023 quarter at 292.38M.

Quarterly (TTM)
Annual

Average

502.60M

Median

537.85M

Minimum

37.30M

Maximum

799.89M

Virtus Convertible & Income Fund (NCV) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Virtus Convertible & Income Fund Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.31%

Maximum Annual Enterprise Value = 799.89M

Minimum Annual Increase = -93.30%

Minimum Annual Enterprise Value = 37.30M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2024380.61M-27.88%
2023527.78M1.31%
202237.30M-93.30%
2021556.63M13.75%
2020489.34M-16.60%
2019586.72M7.08%
2018547.93M-12.83%
2017628.54M33.36%
2016471.30M-41.08%
2015799.89M-8.32%

Virtus Convertible & Income Fund (NCV) Average Enterprise Value

How has NCV Enterprise Value performed in the past?

The current Enterprise Value of Virtus Convertible & Income Fund (NCV) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

315.23M

5-year avg

398.33M

10-year avg

502.60M

Virtus Convertible & Income Fund (NCV) Enterprise Value vs. Peers

How is NCV’s Enterprise Value compared to its peers?

Virtus Convertible & Income Fund’s Enterprise Value is less than BlackRock MuniVest Fund, Inc. (723.74M), greater than MFS High Income Municipal Trust (206.33M), greater than Nuveen Senior Income Fund (259.73M), greater than Franklin Limited Duration Income Trust (378.09M), greater than Clough Global Equity Fund (155.41M), greater than Virtus Convertible & Income 2024 Target Term Fund (179.18M), greater than MFS Investment Grade Municipal Trust (111.36M), greater than Eaton Vance Senior Income Trust (117.68M), less than BlackRock Municipal Income Fund, Inc. (919.45M), less than Nuveen Dynamic Municipal Opportunities Fund (660.75M), less than BlackRock MuniYield Quality Fund, Inc. (937.59M), less than DWS Municipal Income Trust (407.36M), less than BlackRock MuniYield Quality Fund III, Inc. (1.29B), less than Abrdn Income Credit Strategies Fund (445.14M), greater than Special Opportunities Fund, Inc. (149.78M), greater than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (206.81M), greater than Clough Global Dividend and Income Fund (108.48M), less than PGIM Global High Yield Fund, Inc (658.01M), less than BlackRock Floating Rate Income Strategies Fund, Inc. (609.11M),

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Frequently asked questions❓

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How does the current Enterprise Value for Virtus Convertible & Income Fund (NCV) compare to its historical average?