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About Virtus Artificial Intelligence & Technology Opportunities Fund (AIO)
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is a diversified, limited-term closed-end management investment company that operates within the dynamic and transformative sectors of artificial intelligence (AI) and technology. The fund's primary investment objective is to deliver total returns through a strategic combination of current income, current gains, and long-term capital appreciation. By leveraging opportunities in high-growth industries, AIO provides investors with exposure to cutting-edge innovations shaping the future.
Core Business Model
As a closed-end management investment company, AIO pools capital from investors to create a diversified portfolio of assets. The fund employs active management strategies to invest in a mix of equities, debt securities, and derivatives, focusing on companies and technologies at the forefront of AI and technology advancements. This approach enables the fund to balance risk and reward, targeting both short-term income generation and long-term growth potential.
Investment Focus
Virtus AIO's portfolio is designed to capitalize on the rapid evolution of AI and technology across various industries, including healthcare, finance, manufacturing, and consumer services. Key areas of investment may include:
- Machine Learning and Data Analytics: Companies developing advanced algorithms and analytics platforms.
- Cloud Computing: Firms providing scalable and secure cloud-based solutions.
- Automation and Robotics: Innovators in industrial automation and robotics technologies.
- Semiconductors and Hardware: Manufacturers of critical components enabling AI and computing advancements.
Market Position and Differentiation
Operating in a competitive landscape of technology-focused funds, Virtus AIO differentiates itself through its limited-term structure and active management approach. The fund's defined lifespan aligns with specific investment horizons, providing investors with a clear exit strategy. Additionally, its focus on AI and technology positions it to capitalize on transformative trends, offering a unique value proposition compared to broader equity funds.
Challenges and Opportunities
While the fund operates in high-growth sectors, it faces challenges such as market volatility, rapid technological obsolescence, and competition from other investment vehicles. However, these challenges are counterbalanced by significant opportunities. The accelerating adoption of AI and technology across industries creates a robust pipeline of investment prospects, enabling the fund to generate returns and adapt to evolving market conditions.
Why Consider Virtus AIO?
Virtus Artificial Intelligence & Technology Opportunities Fund combines the benefits of diversification, active management, and targeted exposure to AI and technology markets. Its strategy appeals to investors seeking to participate in the growth potential of transformative technologies while managing risk through a professionally managed portfolio. With a focus on total return, the fund is well-positioned to meet the needs of investors looking for both income and long-term capital appreciation.
The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 per share for July and August 2024. These distributions follow the Fund’s Managed Distribution Plan, aimed at maintaining consistent payout levels, potentially from net investment income, realized capital gains, or shareholder capital. The Fund estimates that a portion of the distributions may constitute a return of capital. Performance metrics include a 12.96% 5-year average annual total return based on NAV, an 8.42% annualized current distribution rate, a 6.67% fiscal YTD cumulative total return on NAV, and a 2.81% fiscal YTD cumulative distribution rate. Actual distribution sources for tax purposes will be provided in a Form 1099-DIV.
Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, payable on May 30, 2024. This distribution may include net investment income, realized capital gains, or a return of capital. Fiscal year-to-date, the distribution includes 0.5% from net investment income, 58.4% from short-term capital gains, 16.6% from long-term capital gains, and 24.5% from return of capital. The fund's average annual total return on NAV for the past five years is 12.50%, with a fiscal YTD cumulative total return on NAV of 3.65%. These figures are based on NAV and not market price.
The fund cautions that the distribution should not be confused with investment performance, as a portion may be a return of capital. Detailed performance and distribution rates, including the fiscal YTD cumulative distribution rate of 2.15%, are provided in the notice. Actual distribution amounts for tax purposes may vary.
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