Virtus Dividend, Interest & Premium Strategy Fund
Virtus Dividend, Interest & Premium Strategy Fund
Investment Overview
The Fund seeks current income and gains, with long-term capital appreciation as a secondary objective. The Fund will generally invest approximately 75% of its total assets in equity securities and approximately 25% in convertible securities. The Fund will employ an option strategy of writing (selling) covered call options on equity securities held in the Fund.
The equity portion of the Fund generally invests in U.S. equities and American depositary receipts (ADRs) with attractive quality characteristics, shareholder yield, and consistent financial output.The convertible portion of the Fund generally invests in income-producing convertible securities, including synthetic convertible securities, and may include convertible securities that are of below-investment grade quality.
The option portion of the Fund is designed to generate gains from option premiums in an attempt to enhance amounts available for distributions payable to the Fund's shareholders.
Effective February 1, 2021, this fund's name and investment adviser have changed.
Contact Us
Contact your financial representative for more information.
Email or call for service at
1-800-254-5197
Investment Partners

Allianz Global Investors U.S. LLC
At Allianz Global Investors, active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.
Active is: Allianz Global Investors
Learn more about Allianz Global Investors U.S. LLC
NFJ Investment Group, LLC
NFJ Investment Group (NFJ) is a global value equity manager with a rich heritage and deep roots in Dallas, Texas, dating to 1989. NFJ is unwavering in its commitment to investing at the intersection of value, quality, and shareholder yield, seeking to identify companies with low market expectations and the strongest prospects for returning capital to shareholders.
Learn more about NFJ Investment Group, LLC
Investment Professionals
Justin M. Kass, CFA
Managing Director, Portfolio Manager
Industry start date: 1998
Start date as fund Portfolio Manager: 2021

John R. Mowrey, CFA
Executive Managing Director, Chief Investment Officer, Senior Portfolio Manager/Analyst
Industry start date: 2007
Start date as fund Portfolio Manager: 2017
Douglas G. Forsyth, CFA
Managing Director, Portfolio Manager, CIO US Income & Growth Strategies
Industry start date: 1991
Start date as fund Portfolio Manager: 2005
R. Burns McKinney, CFA
Managing Director, Senior Portfolio Manager/Analyst
Industry start date: 1996
Start date as fund Portfolio Manager: 2017
Thomas Oliver, CFA, CPA
Managing Director, Senior Portfolio Manager/Analyst
Industry start date: 1995
Start date as fund Portfolio Manager: 2017

Kris P. Marca, CFA
Director, Portfolio Manager/Research Analyst
Industry start date: 2003
Start date as fund Portfolio Manager: 2021
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 | |
Cash and Equivalents | |
Derivatives |
Allocations are subject to change daily.
Credit Quality (% Fund)
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.
Fixed Allocation (% Fund)
Information Technology | |
Consumer Discretionary | |
Health Care | |
Financials | |
Communication Services | |
Industrials | |
Real Estate | |
Utilities | |
Consumer Staples | |
Energy | |
Materials |
Allocations are subject to change daily.
Top Holdings (% Fund)
Security | |
---|---|
Microsoft Corp | |
American Tower Corp | |
Home Depot Inc/The | |
Thermo Fisher Scientific Inc | |
Broadcom Inc | |
Apple Inc | |
JPMorgan Chase & Co | |
Tesla Inc | |
NextEra Energy Inc | |
Alphabet Inc |
Holdings are subject to change.
Assets (in millions)
(as of 02/26/2021)Total Net Assets | $1,462.56 |
Total Preferred Assets | $0 |
Total Borrowed Debt | $0.00 |
Total Managed Assets | $1,462.56 |
Effective Leverage
(as of 02/26/2021)Preferred Shares | 0.00% |
Borrowed Debt | 0.00% |
Total Effective Leverage | 0.00% |
Borrowed Debt Leverage Statistics
(as of 02/26/2021)Short Term Notes | $0.00 |
Short Term Loan | $0.00 |
Assets (in Millions):
Total Net Assets: includes Net Assets Applicable to Common Shareholders
Preferred Assets: consist 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 + Preferred Assets + 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 Total Managed Assets
Total Effective Leverage (%) consists of Preferred Assets + 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.
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.
The distribution table above is for informational purposes only and should not be used for tax reporting purposes. A Form 1099 DIV (or substitute Form 1099 DIV) will be sent to shareholders at the beginning of each year that will state the federal tax status of distributions received during the previous calendar year. Please consult a tax professional regarding specific tax matters.
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. Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains.
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 1-800-254-5197.
Risk Considerations
News Releases/Communications
AllianzGI Dividend Interest Premium Strategy Fund Press Release Fiscal Quarter Ended April 30 2020 | |
AllianzGI NFJ Dividend Interest Premium Strategy Fund Press Release January 31 2020 | |
AllianzGI NFJ Dividend Interest Premium Strategy Fund Announces Name Change Press Release 4 3 20 | |
AllianzGI NIE NFJ Funds Quarterly Distribution Press Release December 2020 | |
Allianz CEF Adjournment of Special Meeting - Press Release | |
AllianzGI Dividend Interest Premium Strategy And AllianzGI Equity Convertible Income Funds Quarterly Dividend June 2020 | |
AllianzGI NFJ Dividend Interest Premium Strategy And AllianzGI Equity Convertible Income Funds Quarterly Dividend Press Release March 2020 | |
AllianzGI NFJ Dividend Interest Premium Strategy Fund Press Release July 31 2020 | |
AllianzGI CEF Second Adjournment of Special Meeting - Press Release - 12.24.20 | |
AllianzGI Dividend Interest Premium Strategy Fund NFJ Press Release Form 8K | |
AllianzGI NFJ Dividend Interest Premium Strategy Fund Press Release 10.31.20 | |
AllianzGI NIE NFJ Funds Quarterly Distribution Press Release September 2020 | |
NFJ Portfolio Manager Change Press Release 05.18.2020 | |
NFJ, NIE Quarterly Dividend Press Release March 2019 | |
NFJ Press Release 10.31.18 | |
NFJ Press Release 10.31.19 |