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Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a diversified, closed-end management investment company with a limited term, set to terminate around October 29, 2031. The Fund’s primary investment objective is to deliver total return through a combination of current income, current gains, and long-term capital appreciation. Through a multi-asset approach that involves fundamental research, the Fund dynamically allocates investments within attractive segments of a company’s debt and equity, aiming to offer an appealing risk/reward profile.
Managed by Virtus Investment Advisers, Inc., with Voya Investment Management serving as the subadviser, AIO focuses on identifying opportunities within the rapidly evolving fields of artificial intelligence and technology. The Fund emphasizes a diversified investment strategy that includes a mix of income-generating assets and high-growth potential investments. This strategy is designed to capture both stable returns through dividends and interest, as well as capital appreciation from equity investments over the long term.
Recent achievements highlight the Fund’s consistent performance and commitment to shareholder returns. For instance, AIO has maintained regular monthly distributions, such as the $0.15 per share distribution scheduled for October 11, 2023, with subsequent payments planned for November 2023 through February 2024. These distributions are part of the Fund’s Managed Distribution Plan, which seeks to offer a steady distribution level derived from net investment income, realized capital gains, or a combination thereof.
The Fund's financial performance as of key reporting dates reflects a robust average annual total return on NAV for the five-year period at 9.69%, though individual shareholder performance may vary. Shareholders should be aware that distributions could include returns of capital, which occur when the distributed amount exceeds the Fund's income and gains. This aspect underscores the importance of understanding the composition of distributions, which may not directly correlate with the Fund's investment performance.
For detailed performance metrics and further information, shareholders can access the Fund’s disclosures and financial documents, which provide insights into the investment strategy and risk profile. Key risks include market volatility, the potential for loss of principal, and the trading of Fund shares at either premium or discount to NAV. Investors are encouraged to review these details carefully and consider the Fund’s offerings in the context of their overall investment objectives and risk tolerance.
The Virtus Artificial Intelligence & Technology Opportunities Fund represents a strategic option for investors seeking exposure to the growth potential within the AI and tech sectors while balancing the demand for income and capital appreciation. For more information, interested parties can contact shareholder services or visit the Virtus website.
The Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a distribution of $0.15 per share, payable on July 1, 2022. The fund aims to maintain consistent distributions through net investment income and realized capital gains, with potential returns sourced from capital if income falls short. For June 2022, the estimated sources of distribution include 100% from net realized long-term capital gains. The fund has an annualized distribution rate of 8.62% year-to-date, with a cumulative total return of -11.34% for the fiscal year.
On June 7, 2022, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced monthly distributions of $0.15 per share for July, August, and September.
The Fund operates under a Managed Distribution Plan, intending to sustain consistent distribution levels, which may involve returning shareholder capital if net investment income is insufficient. As of May 31, 2022, the Fund reported a 5-year average annual total return of 14.61% and a fiscal year-to-date cumulative total return of -11.34%.
On May 16, 2022, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15 per share. The distribution is part of the Fund's Managed Distribution Plan, which may include returns of capital if net investment income and realized capital gains fall short. As of April 29, 2022, the Fund's 5-year average annual total return on NAV was 15.97%, while the current fiscal YTD annualized distribution rate stands at 8.41%. However, YTD cumulative total return on NAV is down 9.78%.
The Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a monthly distribution of $0.15, with an ex-date of April 8, 2022, a record date of April 11, 2022, and a payable date of May 2, 2022. The distribution may derive from net investment income and realized capital gains. If these are insufficient, the shortfall will be sourced from the Fund's assets, potentially indicating a return of capital. For fiscal year-to-date, the annualized distribution rate is 7.53%, and the cumulative total return on NAV is 0.06%. Performance figures are based on NAV and not market price.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced a monthly distribution of $0.15, with an ex-date of March 10, 2022, record date of March 11, 2022, and payable date of April 1, 2022.
Under its Managed Distribution Plan, the fund's distributions may come from net investment income, realized capital gains, or fund assets, which could represent a return of capital. The fund's fiscal year started February 1, 2022, with a fiscal YTD cumulative total return on NAV at -1.64% and a current fiscal YTD annualized distribution rate of 7.61%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) has announced monthly distributions of $0.15 for April, May, and June 2022. The distributions are part of the Managed Distribution Plan, which may include net investment income and realized capital gains. Shareholders should note that if these earnings fall below the distribution level, funds will be drawn from the Fund's assets, resulting in a return of capital. The average annual total return on NAV over five years is 21.61%, with a current fiscal YTD annualized distribution rate of 7.61%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced a monthly distribution of $0.15 per share, with an ex-date of February 10, 2022, record date February 11, 2022, and payment date March 1, 2022. Under its Managed Distribution Plan, the fund aims to maintain consistent distributions, possibly using capital returns if net investment income falls short. As of January 31, 2022, the five-year average annual total return on NAV was 23.33%, and the current fiscal YTD annualized distribution rate is 7.44%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan, increasing its monthly distribution rate to $0.15 per share, effective February 1, 2022. The plan aims for a stable income stream, funded through net investment income and realized capital gains. However, if these sources are insufficient, distributions will come from the Fund's assets, potentially returning capital to shareholders. As of December 31, 2021, the fund reported a 5-year average annual total return of 29.74% and a year-to-date cumulative total return of 7.64%.
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) announced a managed distribution plan effective February 1, 2022, raising its monthly distribution to $0.15 per share, a 20% increase from $0.125. This change aims to enhance shareholder value and reduce the discount to net asset value. The annualized distribution rate is 6.7% based on a market price of $26.88 as of December 16, 2021. Under the plan, distributions could be sourced from net investment income and capital gains, with potential capital return considerations for shareholders.
On February 25, 2021, Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) announced that shareholders approved a new investment advisory agreement with Virtus Investment Advisers (VIA) and a subadvisory agreement with Allianz Global Investors U.S. LLC. Effective February 26, 2021, the changes are not expected to alter the management team or increase fees for shareholders. Investors are advised that fund shares involve risks, including potential loss of principal and share value fluctuations relative to the fund's net asset value.
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