Virtus Artificial Intelligence & Technology Opportunities Fund
Virtus Artificial Intelligence & Technology Opportunities Fund
Investment Overview
The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company's debt and equity in order to offer an attractive risk/reward profile. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of securities issued by artificial intelligence companies and in other companies that stand to benefit from artificial intelligence and other technology opportunities.
Innovators and Disruptors -- The Fund invests in a growing universe of opportunities across a broad spectrum of technologies and sectors embracing the disruptive power of artificial intelligence and other new technologies.
Differentiated Approach -- The Fund employs a differentiated, multi-asset approach which strives to create an attractive risk/reward profile through fundamental research and dynamically allocating across public and private investments in convertible securities and equities.
Specialist Managers -- The Fund leverages one of the leading global investment managers with deep expertise in technology, multi-asset, and closed-end fund strategies.
The Fund has a limited term and will terminate on or around October 29, 2031, absent approval by the Fund's Board of Trustees to extend the Fund's term by up to 18 months.
Contact Us
Contact your financial representative for more information.
Email or call for service at
1-866-270-7788
Investment Partner
Voya Investment Management
Voya Investment Management (Voya IM) strives to help investors push what's possible. As the asset management business of Voya Financial (NYSE: VOYA), Voya IM seeks to understand and anticipate client needs, delivering differentiated solutions across public and private fixed income, equity, and multi-asset platforms, including private markets and alternatives.
Learn more about Voya Investment Management
Investment Professionals
Justin M. Kass, CFA
Senior Managing Director, Chief Investment Officer, Co-Head of Income & Growth
Industry start date: 1998
Start date as fund Portfolio Manager: 2019
James Chen, CFA
Senior Vice President, Senior Portfolio Manager, and Research Analyst – Equity
Industry start date: 1993
Start date as fund Portfolio Manager: 2019
Stephen B. Jue
Senior Vice President, Senior Portfolio Manager, Research Analyst – Equity
Industry start date: 2000
Start date as fund Portfolio Manager: 2019
David J. Oberto
Senior Vice President, Lead Portfolio Manager – Income & Growth
Industry start date: 2003
Start date as fund Portfolio Manager: 2022
Ethan Turner, CFA
Vice President, Portfolio Manager – Income & Growth
Industry start date: 2005
Start date as fund Portfolio Manager: 2023
Performance
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.
Performance reflects the deduction of fund operating expenses. Performance does not reflect the incurrence of brokerage expenses, which typically apply to exchange traded products. Total return net of brokerage expenses would be lower than the total returns on
Expenses
Portfolio Breakdown (% Fund)
| Common Equities | |
| Convertible Securities | |
| High Yield Bonds | |
| Cash and Equivalents |
Allocations are subject to change daily.
Ratings Distribution (% Fixed Income)
| AAA | |
| AA | |
| A | |
| BBB | |
| BB | |
| B | |
| CCC and Below | |
| Not Rated |
Credit ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of the issuers of the underlying securities and not to the Fund or its shares. Ratings are measured using a scale that ranges from AAA (highest) to NR (not rated). Not rated securities do not necessarily indicate low quality. The security's credit rating does not eliminate risk and credit ratings are subject to change. Credit Quality reflects the higher of the ratings of Standard & Poor's Corporation and Moody's Investors Service, Inc. Only one rating will be utilized if only one is available. Ratings are then adjusted to the Standard & Poor's rating tiers shown. Ratings are subject to change.
Sector Allocation (% Invested Assets)
| Information Technology | |
| Health Care | |
| Consumer Discretionary | |
| Communication Services | |
| Industrials | |
| Financials | |
| Real Estate | |
| Utilities | |
| Energy |
Sector Allocation (% Invested Assets)
| Information Technology | |
| Health Care | |
| Consumer Discretionary | |
| Communication Services | |
| Industrials | |
| Financials | |
| Real Estate | |
| Utilities | |
| Energy |
Allocations are subject to change daily.
Top Holdings (% Fund)
| Security | |
|---|---|
| Microsoft Corp | |
| Oracle Corp | |
| Flex Ltd | |
| NVIDIA Corp | |
| Deere & Co | |
| Meta Platforms Inc | |
| Cadence Design Systems Inc | |
| McDonald's Corp | |
| UnitedHealth Group Inc | |
| Microchip Technology Incorporated 0.125% 15-nov-2024 |
Holdings are subject to change.
Assets (in millions)
(as of 08/31/2023)| Total Net Assets | $670.73 |
| Total Preferred Assets | $0.00 |
| Total Borrowed Debt | $130.00 |
| Total Managed Assets | $800.73 |
Effective Leverage
(as of 08/31/2023)| Preferred Assets | 0.00% |
| Borrowed Debt | 16.24% |
| Total Effective Leverage | 16.24% |
Borrowed Debt Leverage Statistics
(as of 08/31/2023)| Short Term Notes | $0.00 |
| Short Term Loan | $130.00 |
Assets (in Millions):
Total Net Assets: includes net assets applicable to Common Shareholders
Total Preferred Assets: consists of the value of: Auction Rate Preferred Shares, and/or Series A Cumulative Preferred Shares, and/or Mandatory Redeemable Preferred Shares
Total Managed Assets: Total Net Assets + Total Preferred Assets + Total Borrowed Debt
Effective Leverage:
Preferred Assets: % consists of Total Preferred Assets divided by Total Managed Assets
Borrowed Debt: % is short term debt + long term debt divided by Total Managed Assets
Total Effective Leverage (%) consists of Total Preferred Assets + Total Borrowed Debt, as applicable, divided by Total Managed Assets
Distributions are not guaranteed and are subject to change.
Distributions may be comprised of net investment income, capital gains and/or return of capital. Please refer to Section 19a notices below, if applicable for estimates on the composition of the distribution.
Year-to-Date Distribution History
| Month | Ex-Date | Payable Date | Distribution |
|---|---|---|---|
| September | 09/08/2023 | 10/02/2023 | $0.150000 |
| August | 08/10/2023 | 09/01/2023 | $0.150000 |
| July | 07/12/2023 | 08/01/2023 | $0.150000 |
| June | 06/09/2023 | 07/03/2023 | $0.150000 |
| May | 05/10/2023 | 06/01/2023 | $0.150000 |
| April | 04/12/2023 | 05/01/2023 | $0.150000 |
| March | 03/10/2023 | 04/03/2023 | $0.150000 |
| February | 02/10/2023 | 03/01/2023 | $0.150000 |
| January | 01/19/2023 | 02/01/2023 | $0.150000 |
You should not draw any conclusions about the Fund’s investment performance from its distributions. Please view the Fund’s Section 19a notices below, if applicable, which set forth information regarding the estimated composition of the distributions, including any portion that may constitute a return of capital.
Fund Distributions and Managed Distribution Plan
Under the terms of the Fund’s managed distribution policy, the Fund seeks to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund.
The amounts and sources of distributions reported in Section 19(a) Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Please note that the characterization of Fund distributions for federal income tax purposes is different from book accounting generally accepted account principles (“GAAP”). The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Please consult a tax professional regarding specific tax matters.
Please view the Fund’s Section 19-a notices, which set forth information regarding the composition of the distributions, including any portion that may constitute a return of capital.
Form 8937 Organizational Actions
Automatic Reinvestment Plan
This plan offers shareholders a convenient way to acquire additional shares of the fund. Registered holders will be automatically placed in the Plan. If shares are held at a brokerage firm, contact your broker about participation.
Net Asset Value vs. Market Price
Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.
Disclosures
There can be no assurance that the
This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.
Contact your financial representative for more information, or email or call for service at 1-866-270-7788.
Risk Considerations
Distributions
| September 14, 2023 | |
| August 31, 2023 | |
| August 15, 2023 | |
| July 14, 2023 | |
| June 16, 2023 | |
| May 25, 2023 | |
| May 16, 2023 | |
| April 19, 2023 | |
| March 16, 2023 | |
| March 3, 2023 | |
| February 17, 2023 | |
| January 19, 2023 | |
| December 19, 2022 | |
| December 2, 2022 | |
| November 18, 2022 | |
| October 17, 2022 | |
| September 8, 2022 | |
| March 16, 2022 | |
| February 15, 2022 | |
| December 17, 2021 | |
| December 15, 2021 | |
| December 1, 2021 | |
| November 1, 2021 | |
| October 1, 2021 |
Holdings
Section 19a Notices
| September 2023 | |
| August 2023 | |
| July 2023 | |
| June 2023 | |
| May 2023 | |
| April 2023 | |
| March 2023 | |
| February 2023 | |
| January 2023 | |
| December 2022 | |
| November 2022 | |
| October 2022 | |
| September 2022 | |
| August 2022 | |
| July 2022 | |
| June 2022 | |
| May 2022 | |
| April 2022 | |
| March 2022 | |
| February 2022 | |
| January 2022 - Special | |
| January 2022 | |
| December 2021 | |
| November 2021 | |
| October 2021 | |
| September 2021 |
News Releases/Communications
| May 23, 2023 - Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders | |
| April 11, 2023 - Joint Annual Meeting of Shareholders Proxy Statement | |
| March 23, 2023 - Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings | |
| January 27, 2023 - Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager | |
| November 11, 2022 - Virtus Artificial Intelligence & Technology Opportunities Fund Announces Results of Shareholder Meeting | |
| September 28, 2022 - Certain Virtus Closed-End Funds Announce Results of Shareholder Meeting | |
| August 4, 2022 - Joint Special Meeting of Shareholders Proxy Statement | |
| July 21, 2022 - Certain Virtus Closed-End Funds Announce Shareholder Proposal For New Subadvisory Agreements | |
| July 13, 2022 - Virtus Closed-End Funds Announce Shareholder Meeting Results | |
| June 8, 2022 - Virtus Closed-End Funds Announce Fund Name Changes | |
| May 31, 2022 - Virtus AllianzGI Closed-End Funds Joint Proxy Statement | |
| May 18, 2022 - Virtus AllianzGI Closed-End Funds Announce Future Change in Subadviser | |
| December 17, 2021 - Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Institutes Managed Distribution Plan, Increases Monthly Distribution to $0.15/Share | |
| June 8, 2021 - Virtus AllianzGI Closed-End Funds Joint Annual Meeting of Shareholders Proxy Statement | |
| February 25, 2021 - Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Results of Special Meeting of Shareholders | |
| January 27, 2021 - AllianzGI Closed-End Funds Provide Additional Information on Fund Name Change | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund Announces Public Call Press Release June 2020 | |
| AllianzGI Monthly Dividend Press Release For ACV AIO NCV NCZ CBH August 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release March 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release February 2020 | |
| AllianzGI Monthly Dividend Press Release NCZ NCV ACV CBH AIO For January 2021 | |
| Allianz CEF Adjournment of Special Meeting - Press Release | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release August 2020 | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release Results May 2020 | |
| AllianzGI CEF Second Adjournment of Special Meeting - Press Release - 12.24.20 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release July 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release May 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO NCV NCZ CBH ACV December 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO CBH ACV April 2020 Revised | |
| AllianzGI AIO Press Release Overallotment 11 22 2019 | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release February 2020 | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund AIO Initial Distribution Press Release 12.9.19 | |
| AllianzGI Funds ACV and AIO Press Release Special Year-End Distribution - December 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release June 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ January 2020 | |
| AllianzGI Monthly Dividend Press Release For AIO NCV NCZ CBH ACV October 2020 | |
| Press Release AllianzGI Announces Shareholders Of NCV Approve New Investment Advisory And Subadvisory Agreement And The Adjournment Of Meeting For AIO | |
| ACV, AIO, CBH, NCV, NCZ - Press Release | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund AIO Press Release Form 8K | |
| AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release June 2020 |