NCV: Virtus/Allianz AllianzGI Convertible & Income Fund
Virtus · CEF - Fixed Income · Tracks CWB
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year NCV paid 11.1% but returned +4.8% in total, so about 38% of the payout was earned; the rest came back out of the fund's own value (its price fell).
| Earned % (3 months) | below -100% |
| Earned % (1 year) | 38% |
| Earned % (full history, up to 5 yrs) | -24% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 51.1 / 100 · rank #161 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.05 |
| Sharpe ratio (1Y) | -0.04 |
| Steadiness vs S&P 500 | 76% |
| Beta to S&P 500 | 0.84 |
| Correlation to S&P 500 | 0.64 |
| Max drop (1Y) | -13.9% |
| Max drop (up to 5 yrs) | -44.5% |
| Trend | Downtrend |
| History | 5.0 yrs |
Vs. CWB (what it's built on)
| Upside capture | 76% |
| Downside capture | 73% |
| Capture ratio | 1.04 |
| Beta | 0.69 |
| Correlation | 0.70 |
| Tracking | Loosely |
On days CWB rose, NCV caught 76% of the gain; on days it fell, NCV took 73% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-10-13 | $0.1360 |
| 2026-09-14 | $0.1360 |
| 2026-08-13 | $0.1360 |
| 2026-07-13 | $0.1360 |
| 2026-06-15 | $0.1360 |
| 2026-05-11 | $0.1360 |
| 2026-04-13 | $0.1360 |
| 2026-03-16 | $0.1360 |
| 2026-02-12 | $0.1360 |
| 2026-01-12 | $0.1360 |
| 2025-12-11 | $0.1360 |
| 2025-11-13 | $0.1360 |
Funds that track the same thing
Other CWB income funds, ranked by DT Score. See them all · Compare NCV with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSQ Calamos Strategic Total Return Fund | CEF - Equity | 8.5% | 7.8% | +9.3% | 102% | 77% | 70% | Loosely | 65 | 30 | Downtrend |
| NCZ Virtus/Allianz AllianzGI Convertible & Income Fund II | CEF - Fixed Income | 11.6% | 10.7% | +6.2% | 50% | 85% | 82% | Loosely | 54 | 15 | Downtrend |
| CHI Calamos Convertible Opportunities and Income Fund | CEF - Equity | 10.7% | 10.7% | +4.3% | 29% | 100% | 96% | Loosely | 46 | 11 | Downtrend |
About NCV
| Issuer | Virtus |
| Structure | CEF |
| Category | CEF - Fixed Income |
| Strategy | Convertible bonds/high yield |
| Underlying | Convertibles |
| Exposure | Convertibles |
| Index linkage | No - active |
| Pays | Monthly |
| Expense ratio | – |
| Launched | 2003 |
| Uses leverage | Yes |
| Upside capped | No |
| Rate sensitivity | Moderate |
| Return of capital common | Sometimes |
| Tax notes | Mixed |
Research notes: Check merger status (Virtus/Allianz fund reorganizations 2024-2026).
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