The Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company focused on delivering current income alongside potential capital appreciation. Listed on the New York Stock Exchange, ACV invests across a diversified portfolio of convertible securities, including investment-grade and high-yield convertible bonds, preferred equities, and corporate debt instruments. By combining income-producing assets with equity conversion features, the fund seeks to offer investors a balanced approach to risk and return in a single vehicle.
Employing a flexible, research-driven strategy, the fund’s managers allocate assets globally, targeting developed markets while selectively participating in emerging regions. They rigorously analyze credit fundamentals, valuation levels, and equity sensitivity to identify convertible securities with compelling risk-reward profiles. In addition to core convertibles, ACV may invest in corporate bonds, common and preferred stock, and other income-oriented instruments to enhance portfolio yield and diversification.
ACV is managed by Virtus Investment Partners, a diversified asset management firm with a multi-boutique structure that combines specialized research teams, trading desks, and risk-management resources. Since its inception, the fund has leveraged the Virtus platform’s operational infrastructure and global market insights. Periodic tender offers and a managed distribution policy are employed to provide shareholders with liquidity and the potential for consistent income distributions.
Governance and oversight are provided by an independent board of trustees, ensuring adherence to the fund’s objectives and fiduciary standards. The day-to-day investment decisions are led by a seasoned portfolio management team with extensive experience in convertible and fixed-income markets. This governance framework and specialized expertise support ACV’s mission to deliver a dynamic, income-focused investment solution across varying market environments.
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