ACV CEF — AllianzGI Diversified Income & Convertible Fund

AllianzGI Diversified Income & Convertible Fund (ACV)

Updated November 6, 2026.

ACV is a CEF. Its distribution rate is 11.36%, its trailing-12-month yield is 11.36%, its expense ratio is 2.5896%. Dividend Vision Distribution Safety Score™ is 44/100 (Caution). Total return is 216.6% over the past 11.5 years, 98.2 points behind SPY at 314.8%.

ACV performance versus SPY

As of Nov 5, 2026

Total return is 216.6% over the past 11.5 years, 98.2 points behind SPY at 314.8%. Over the past year its total return — price change plus distributions reinvested — is -3.1%. Its deepest 1-year drawdown was 17.9%.

ACV key facts

Distribution Safety Score™

44 · Caution

Safety-Adjusted Yield

5.00%

Issuer

AllianzGI

Asset type

CEF

Asset class

Equity

Inception date

05/21/2015

Expense ratio

2.5896%

Distribution rate

11.36%

Distribution frequency

Monthly

Trailing yield

11.36%

5-year average yield

10.92

Last close

$22.71 (as of 2026-11-06)

NAV

$26.20

Premium / discount

Premium not shown · NAV date unknown

Market cap

$235,470,032

Average volume

20,710

Dividend

$0.215

Ex-dividend date

11/12/2026

Payment date

11/27/2026

Beta

0.908

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (11.36%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (11.36%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.

Yield and safety methodology · 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 17.9%.

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.

More on ACV

• All tickers starting with A

Frequently asked questions

More securities from AllianzGI.