ZTR Virtus Global Dividend & Income Fund Inc. CEF Edit This CEF

This is an actively managed closed end fund that seeks seek total return, consisting of capitalappreciation and income. The Fund is a diversified fund that has a current targetallocation of investing its assets in 60% equity securities and 40% fixed income.The Fund also pursues an options overlay strategy that seeks to generate additionalincome. The equity allocation invests exclusively in what the managers believe are 'high quality' companies within the high yielding global equity universe. Businesses and management teams that return the free cash flow generated by the business to shareholders via dividends are the focus. The fixed income portion of the Fund is designed to generate high total return from both current income and capital appreciation by investing primarily in intermediate term debt securities across 14 fixed income sectors. The Fund employs active sector rotation, extensive credit research, and disciplined risk management that strives to capitalize on opportunities across undervalued areas of the fixed income markets. A team of investment professionals provides significant research depth across all bond market sectors. The Fund's options overlay strategy is being implemented through the use of index based, out-of-the-money put and call spreads. This strategy is driven by implied volatility, as measured by the CBOE Volatility Index (or 'VIX' as it's also called), and seeks to exploit pricing inefficiencies in options on the S&P 500 Index.

$6.09
As of 03/23/2023     IEX book   CBOE book

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CEF Information

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Sponsor:     Virtus
Category1:  Asset Allocation
Category2:  US
Category3:  Moderate
Morningstar category:  Allocation--50% to 70% Equity
Leverage factor:  1.40    as of 05/31/2019
Inception date:  06/30/1989
Current yield:  18.39%
Historical average yield:  52.75%
Market cap:  $292,541,018
Average volume:  227,339
Fees:     2.3300%
Investment style: Actively managed
All SEC Filings:  SEC Edgar Online
Semi-Annual filings:  N-CSR
Quarterly holdings:  NPORT


Fund NAV:              $6.85
Trading discount:     -11.09%