ACV CEF — AllianzGI Diversified Income & Convertible Fund

AllianzGI Diversified Income & Convertible Fund (ACV)

ACV is a CEF. its distribution rate is 8.40%, its trailing-12-month yield is 9.89%, its expense ratio is 2.69%. Dividend Vision Distribution Safety Score™ is 66/100 (Generally safe). Total return is 256.4% over the past 11.3 years, 81.4 points behind SPY at 337.8%.

At the current 8.40% distribution rate, a $10,000 investment would generate approximately $840 per year, or $70.00 per month.

ACV performance versus SPY

Price and return data through 2026-09-21.

Total return is 256.4% over the past 11.3 years, 81.4 points behind SPY at 337.8%. Over the past year its total return — price change plus distributions reinvested — is 15.7%. Its deepest 1-year drawdown was 14.8%.

ACV key facts

Distribution Safety Score™

66 · Generally safe

Safety-Adjusted Yield

5.54%

Issuer

AllianzGI

Asset type

CEF

Asset class

Equity

Inception date

05/21/2015

Expense ratio

2.69%

Distribution rate

8.40%

Distribution frequency

Monthly

Trailing yield

9.89%

5-year average yield

14.34

Last close

$25.71 (as of 2026-09-21)

NAV

$26.73

Premium / discount

3.82% discount

Market cap

$267,281,872

Average volume

10908.0

Next dividend

$0.18

Last ex-dividend date

09/14/2026

Next payment date

09/29/2026

Beta

0.908

How Dividend Vision calculates yield and returns

Distribution rate (8.40%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.89%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianzGI; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ACV risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.8%.

Who may consider ACV — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from AllianzGI.