Virtus Convertible & Income 2024 Target Term Fund of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$8.80
- Net Assets:$168.34 Million
- NAV:$9.12
- Premium-3.51%
- Peer Rank:65 of 161
- Investment Rating:C+
- Performance:C-
- RiskB
We rate Virtus Convertible & Inc 2024 TT at C+. Positive factors that influence this rating include a low price volatility. The fund may be considered for investors seeking a Growth & Income strategy.
Total return ranks below peers over the last three years. The Virtus Convertible & Inc 2024 TT has returned an annual rate of 4.79% since inception. More recently, the fund has generated a total return of 6.73% in the last five years, 2.80% in the last three years, and 6.67% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 56% of them. It has also outpaced 49% of its competitors on a three year basis and 36% of them over the last year for the period ending 2/29/2024. On a year to date basis, CBH has returned 2.21%.
Downside risk has been below average. CBH has a draw down risk of -21.52%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 8.7%. This fund has had very little volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $168.34 million, CBH maintains a high expense ratio compared to its Growth & Income peers of 3.57% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CBH is a closed end fund, it has no front end or back end load.