Virtus Convertible Fund (VAADX)
| Fund Assets | 1.45B |
| Expense Ratio | 0.62% |
| Min. Investment | $2,500,000 |
| Turnover | 152.00% |
| Dividend (ttm) | 0.92 |
| Dividend Yield | 2.15% |
| Dividend Growth | -2.09% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 18, 2025 |
| Previous Close | 42.44 |
| YTD Return | 22.74% |
| 1-Year Return | 17.54% |
| 5-Year Return | n/a |
| 52-Week Low | 31.68 |
| 52-Week High | 43.25 |
| Beta (5Y) | n/a |
| Holdings | 120 |
| Inception Date | Jan 31, 2022 |
About VAADX
Virtus Convertible Fund Class R6 is a mutual fund that specializes in convertible securities, aiming to deliver a balance between capital appreciation and current income. The fund primarily invests at least 65% of its assets in income-producing equity securities such as common stocks, preferred stocks, and debt instruments convertible into common stock. Its core strategy targets U.S. dollar-denominated convertibles, seeking to capture the growth potential of equities while mitigating downside risk through the bond component of these securities. Notably, the fund employs a disciplined, bottom-up research process to identify issuers with strong fundamentals and promising operating outlooks. With sector allocations spanning technology, financials, consumer discretionary, industrials, and healthcare, the fund offers diversified exposure to major areas of the economy. Class R6 shares are designed for institutional investors and feature a low net expense ratio of 0.62% and a high minimum investment requirement of $2.5 million. The fund distributes dividends quarterly and is assessed as having above-average risk and performance within its convertibles category. Virtus Convertible Fund Class R6 plays a significant role in providing investors with access to the hybrid characteristics of convertible securities—potential for equity-like returns with reduced volatility compared to stocks.
Performance
VAADX had a total return of 17.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.26%.
Top 10 Holdings
19.94% of assets| Name | Symbol | Weight |
|---|---|---|
| The Boeing Company | BA | 2.74% |
| Wells Fargo & Company | WFC | 2.44% |
| Welltower OP LLC | WELL.3.125 07.15.29 | 2.21% |
| Live Nation Entertainment Inc | LYV.2.875 01.15.30 | 2.13% |
| Western Digital Corp | WDC.3 11.15.28 | 1.95% |
| Lumentum Holdings Inc | n/a | 1.88% |
| Bloom Energy Corp | BE.3 06.01.29 | 1.84% |
| BlackRock Liquidity Funds - FedFund | TFDXX | 1.69% |
| Alnylam Pharmaceuticals Inc | ALNY.1 09.15.27 | 1.55% |
| Southern Co/The | SO.3.25 06.15.28 | 1.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 18, 2025 | $0.13285 | Sep 18, 2025 |
| Jun 18, 2025 | $0.212 | Jun 18, 2025 |
| Mar 20, 2025 | $0.19375 | Mar 20, 2025 |
| Dec 19, 2024 | $0.3782 | Dec 19, 2024 |
| Sep 19, 2024 | $0.17484 | Sep 19, 2024 |
| Jun 20, 2024 | $0.16152 | Jun 20, 2024 |