Virtus Total Return Fund offers a high yield with a utility tilt at a discount

Virtus Total Return Fund (ZTR) trades at a deep discount, offering a high yield supported by a utility-focused hybrid portfolio. The fund's discount is significantly below its historical average, presenting a potential entry point for income investors despite a past distribution cut. ZTR's portfolio is 73% equity and 27% fixed income, with recent performance and anticipated lower interest rates supporting its current yield.