NFJ - Virtus Dividend, Interest & Premium Strategy Fund

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Oct 14, 2026

   Saba sold down below 5% and stopped reporting.

   Original document →

2. Oct 14, 2026

   Saba sold down below 5% and stopped reporting.

   Original document →

3. Oct 8, 2026

   The buy-back ended; the fund bought back 25% of its shares and paid $15.9192 a share.

   Original document →

4. Sept 3, 2026

   The fund added to its buy-back offer documents; it still runs until Oct 5, 2026.

   Original document →

5. Sept 1, 2026

   The fund offered to buy back 25% of its shares at 99% of value, until Oct 5, 2026.

   Original document →

About this fund

• Run by Virtus Investment Advisers, LLC. Part of the Virtus fund family. As of Jan 31, 2026, from the fund's yearly report. Original document →
• Size: about $1.52 billion of holdings, as of July 31, 2026. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.9% a year in management fees; 1% a year in total, including interest on borrowed money. Fiscal year ended Jan 31, 2026. As of Jan 31, 2026, from the fund's yearly report. Original document →
  Among the 8 funds we follow that invest in shares and sell options on them, 3 charge a lower management fee and one charges less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Jan 31, 2026) the fund paid $2.99 a share. $0.89 of that was income; $2.10 came from gains. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Jan 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Jan 31, 2026): $14.82. The shares traded at $13.48, about 9% below that. As of Jan 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 8.3% over the last three months we have (May-July 2026), before the share price is taken into account. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2003.

How this has changed

• Payouts per share: $2.99 in the fiscal year ended Jan 31, 2026; $1.80 in the year ended Jan 31, 2025; $1.80 in the year ended Jan 31, 2024.As of Jan 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: none in the year ended Jan 31, 2026; none in the year ended Jan 31, 2025; $1.30 in the year ended Jan 31, 2024.As of Jan 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 2.32% a year in the fiscal year ended Jan 31, 2026; 2.54% a year in the year ended Jan 31, 2025; 2.71% a year in the year ended Jan 31, 2024.As of Jan 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $1.38 billion at Jan 30, 2026; $1.37 billion at Jan 31, 2025; $1.35 billion at Jan 31, 2024. From the fund's quarterly holdings reports. Original documents: Jan 30, 2026 →, Jan 31, 2025 →, Jan 31, 2024 →.
• Borrowing: none at Jan 30, 2026; none at Jan 31, 2025; none at Jan 31, 2024. From the fund's quarterly holdings reports. Original documents: Jan 30, 2026 →, Jan 31, 2025 →, Jan 31, 2024 →.

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Jan 31, 2026: the shares returned +2.9%, counting payouts; the holdings +19.8%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Jan 31, 2026, from the fund's annual report. Original document →
• The year ended Jan 31, 2025: the shares returned +45.6%, counting payouts; the holdings +23.8%. As of Jan 31, 2025, from the fund's annual report. Original document →
• The year ended Jan 31, 2024: the shares returned +18.8%, counting payouts; the holdings +13.6%. As of Jan 31, 2024, from the fund's annual report. Original document →
• The year ended Jan 31, 2023: the shares returned -18.4%, counting payouts; the holdings -10%. As of Jan 31, 2023, from the fund's annual report. Original document →
• The year ended Jan 31, 2022: the shares returned +2.8%, counting payouts; the holdings -1.9%. As of Jan 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +49.2%. $10,000 of shares bought at the start (Feb 1, 2021) would have become about $14,900 by Jan 31, 2026, with every payout counted, before tax. As of Jan 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to July 31, 2026: +27.1%. The quarterly reports carry no share price, so this is the holdings alone. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 7 funds that invest in shares with options sold on them with a fiscal year ending within six months of this one, 6 reported a higher share return for that year and 0 a lower one. As of Jan 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (78%), the rest bonds, preferred shares and cash and short-term holdings. About 96% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Amazon.Com - 5.2%
2. Apple - 4.4%
3. Microsoft - 3.9%
4. Charles Schwab - 3.2%
5. Hf Sinclair - 3.2%
6. Eli Lilly & Company - 2.9%
7. Alphabet - 2.8%
8. Hershey Company - 2.7%
9. Ge Vernova - 2.6%
10. Prologis - 2.3%

As of July 31, 2026, from the fund's quarterly holdings report. Original document →