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Virtus Total Return Has A 13% Distribution Yield But Trades At A 6% Discount

Published Wed, 29 Aug 2018 17:03:52 -0400 on Seeking Alpha

The Virtus Total Return Fund (ZF) was originally created in 2005 but used the ticker DCA. In April 2017, it merged with the Zweig Fund, and the ticker then changed from DCA to ZF. It is important to note that when reviewing its long-term performance, the fund's performance history prior to April 3, 2017, reflects the performance of DCA and not the old ZF.
The performance prior to 12/09/2011 was attained by a different investment adviser using a different strategy. The original Zweig Fund actually began operations in 1986. Because of all of the changes over the years, it is probably best to ignore the older performance numbers and focus primarily on performance since April 2017.
(Data below is sourced from the Virtus website unless otherwise stated.)
Fund Objective The fund's investment primary objective is capital appreciation, with current income as a secondary objective. The fund invests around 60% of total assets in equity securities and 40% in fixed income. An option overlay strategy is used to generate additional income.
The equity portion of the fund invests in securities that tend to do better in a "risk off" environment - they invest globally in owners/operators of infrastructure in the communications, utility, transportation, and energy industries.
The fixed income portion of the fund is designed to generate high current income and total return by using active sector rotation, extensive credit research and risk management designed to... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 11.38   0.0 0.00 2.48 22.00
CORNERSTONE STRATEGIC VALUE FUND 11.65   0.0 0.00 0.00 21.09
STONE HARBOR EMERG MARKET FUND 13.46   0.0 0.00 0.00 16.01


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Dividends By The Numbers In January 2020
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Dividends By The Numbers In October 2019