Virtus Convertible & Income Fund is a closed-end fixed income mutual fund that primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. Its revenue comes from the interest income generated by these investments and any capital gains realized from the sale of securities. The fund targets a range of maturities, typically with a weighted average maturity of five to ten years. Factors that support its endurance include the expertise of its management team and the demand for income-generating investments. However, the fund may face challenges from market volatility and changes in interest rates that could impact its performance.
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Virtus Convertible & Income Fund is a closed-end fixed income mutual fund that primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. Its revenue comes from the interest income generated by these investments and any capital gains realized from the sale of securities. The fund targets a range of maturities, typically with a weighted average maturity of five to ten years. Factors that support its endurance include the expertise of its management team and the demand for income-generating investments. However, the fund may face challenges from market volatility and changes in interest rates that could impact its performance.
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Daily adjusted close
Virtus Convertible & Income Fund is a closed-end fixed income mutual fund that primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. Its revenue comes from the interest income generated by these investments and any capital gains realized from the sale of securities. The fund targets a range of maturities, typically with a weighted average maturity of five to ten years. Factors that support its endurance include the expertise of its management team and the demand for income-generating investments. However, the fund may face challenges from market volatility and changes in interest rates that could impact its performance.