Virtus Income & Growth Fund
Conservative allocation fund
As of its 2026 Q2 report, Virtus Income & Growth Fund held 333 positions with $4.88B in net assets. Its ten largest holdings made up 15.1% of the fund. The AZNAX share class costs 1.14% a year. Over the 12 months to May 2026, AZNAX returned 20.2%, with dividends reinvested. In 2026 Q2 it added 57 new positions and exited 96.
The fund seeks total return comprised of current income, current gains and capital appreciation.
The fund allocates dynamically across equities, debt securities, and convertible securities based on the portfolio manager's assessment of economic conditions and market valuations, selecting stocks through fundamental bottom-up research to identify issuers with improving fundamentals. A substantial portion of debt and convertible holdings are expected to be high-yield or unrated securities. The fund may write call options on its equity holdings to enhance distributions and reduce portfolio risk, and may invest significantly in private placements and foreign securities including emerging markets. Because the fund's asset allocation and security selection depend on the manager's economic and market assessments, results will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 2.78% | $135.54M | 677.4K | $200.09 |
AAPLAPPLE INC | 2.54% | $123.85M | 428.0K | $289.36 |
ALPHABET INC | 1.64% | $80.28M | 1.6M | $50.30 |
AMZNAMAZON.COM INC | 1.51% | $73.98M | 310.4K | $238.34 |
SNDKSANDISK CORP | 1.42% | $69.22M | 30.4K | $2,273.73 |
ALPHABET INC | 1.13% | $54.96M | 1.1M | $50.89 |
GOOGLALPHABET INC | 1.10% | $53.77M | 150.5K | $357.37 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 1.06% | $51.89M | 53.8K | $965.00 |
MSFTMICROSOFT CORP | 0.97% | $47.60M | 127.6K | $373.02 |
AVGOBROADCOM INC | 0.95% | $46.61M | 123.4K | $377.75 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 333 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 57.73% |
| Stocks | 38.03% |
| Cash & short-term | 0.55% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 24.4%
- Other
- 17.9%
- Industrials
- 9.3%
- International
- 8.2%
- 10 other sectors
- 40.2%
- Information Technology
- 24.4%
- Other
- 17.9%
- Industrials
- 9.3%
- International
- 8.2%
- Financials
- 7.8%
- Communication Services
- 7.7%
- Health Care
- 6.3%
- Consumer Discretionary
- 5.2%
- Utilities
- 4.1%
- Real Estate
- 2.7%
- Energy
- 2.4%
- Consumer Staples
- 2.2%
- Materials
- 1.2%
- Cash
- 0.6%
How it has done
AZNAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.96%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.14% | +20.23% | +50.60% | +31.01% | -6.61% | |
| 1.90% | +19.44% | +47.97% | +33.23% | -6.69% | |
| 0.90% | +20.62% | +51.79% | +40.18% | -6.51% | |
| — | — | — | — | — |
Fees & fund details
Virtus Income & Growth Fund is a conservative allocation fund. 24% of AZNAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Conservative
- Expense ratio, by class
- 0.90% – 1.90%· AZNAX 1.14%
- Portfolio turnover
- 76.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
57 new· the largest 7
96 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 81.5% |
| Zero-coupon or unclassified | 18.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.2% |
| 1-3y | 14.6% |
| 3-5y | 36.9% |
| 5-10y | 43.8% |
| 10y+ | 0.5% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 52% |
| Interest rates | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +1.46 yr |
| Investment grade | +0.17 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.01 yr | 0% |
| 5 yr | 0.50 yr | 33% |
| 10 yr | 0.93 yr | 61% |
| 30 yr | 0.09 yr | 6% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.01 yr | 0% |
| 5 yr | 0.56 yr | 34% |
| 10 yr | 0.97 yr | 59% |
| 30 yr | 0.10 yr | 6% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $15 |
| 1 yr | +0.01 | +0.00 | +0.00 | $1.6k | $1.2k |
| 5 yr | +0.50 | +0.06 | +0.50 | $26.9k | $245.6k |
| 10 yr | +0.93 | +0.04 | +0.93 | $17.4k | $454.9k |
| 30 yr | +0.09 | +0.08 | +0.02 | $38.9k | $8.7k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — AZNAX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”