Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC.
It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio.
It conducts in house research using proprietary models. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States. The fund was formerly known as AGIC Convertible & Income Fund.
What does Virtus Convertible & Income Fund (NCV) do?
Virtus Convertible & Income Fund is a closed-ended fixed income mutual fund that focuses on generating income and capital appreciation. It primarily invests in convertible securities and non-convertible high-yield bonds that are rated below investment grade. The fund targets a weighted average maturity of five to ten years. It is managed by Allianz Global Investors Fund Management LLC and co-managed by Allianz Global Investors U.S. LLC. The fund uses fundamental analysis with a bottom-up stock picking approach to build its portfolio, relying on in-house research and proprietary models. It was formerly known as AGIC Convertible & Income Fund.
Where is Virtus Convertible & Income Fund (NCV) listed and in which currency?
Virtus Convertible & Income Fund is listed on the New York Stock Exchange (NYSE) under the ticker symbol NCV. The fund trades in U.S. dollars (USD), as it is domiciled in the United States and its investments are primarily in U.S. fixed income markets. Investors can buy and sell shares of the fund on the NYSE during regular trading hours.
What sector and industry does Virtus Convertible & Income Fund (NCV) belong to?
Virtus Convertible & Income Fund operates in the Financial Services sector and is classified under the Asset Management industry. As a closed-ended fund, it manages a portfolio of fixed income securities, including convertible bonds and high-yield bonds. The fund's activities involve investing in debt instruments to generate returns for its shareholders, which is typical of asset management firms that specialize in fixed income strategies.
Where is Virtus Convertible & Income Fund (NCV) based and what markets does it serve?
Virtus Convertible & Income Fund is domiciled in the United States and focuses on the U.S. fixed income markets. It invests primarily in convertible securities and non-convertible high-yield bonds issued by U.S. companies. The fund's investment strategy is centered on the U.S. market, and it does not have significant exposure to international markets. Its management team, including Allianz Global Investors U.S. LLC, is based in the United States.
How does Virtus Convertible & Income Fund (NCV) generate returns for investors?
Virtus Convertible & Income Fund generates returns by investing in a diversified portfolio of convertible securities and high-yield bonds. Convertible securities offer the potential for capital appreciation if the underlying stock price rises, while also providing fixed income through coupon payments. High-yield bonds, rated below investment grade, offer higher interest income to compensate for greater credit risk. The fund employs fundamental analysis and a bottom-up stock picking approach to select securities, aiming to balance income generation with capital growth. It targets a weighted average maturity of five to ten years for its portfolio.