Virtus Total Return Fund offers diversified exposure to utilities, industrials, and energy, benefiting from AI-driven infrastructure demand. ZTR trades at a wide discount to NAV, which is around where it was earlier this year and continues to make it look attractively valued. The fund's distribution rate comes in at 9.71%, and we've seen a 10% bump in this payout recently as well.
Virtus Total Return Fund remains a buy, offering an 8.8% yield and trading at an 11.08% discount to NAV. ZTR's infrastructure-focused portfolio is positioned to benefit from AI data center growth, with holdings like NEE and WMB targeting rising energy demand. Leverage (28.34% of assets) and high distributions limit long-term capital appreciation, making most returns distribution-driven.