Virtus Convertible & Income Fund

Virtus Convertible & Income Fund is a closed-ended fixed income mutual fund that primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. The fund focuses on the fixed income markets of the United States, targeting securities with a broad range of maturities and a weighted average maturity between five to ten years. It employs a fundamental analysis with a bottom-up stock picking approach to construct its portfolio, using proprietary models for in-house research. The fund is managed by Allianz Global Investors Fund Management LLC and co-managed by Allianz Global Investors U.S. LLC. Formerly known as AGIC Convertible & Income Fund, it was formed on March 31, 2003.

Virtus Convertible & Income Fund is listed on the New York Stock Exchange (NYSE) under the ticker symbol NCV-PA. The fund trades in U.S. dollars (USD), which is the currency of its primary market. As a closed-end fund domiciled in the United States, its shares are available for trading on this major U.S. exchange, providing liquidity to investors. The NYSE listing ensures regulatory oversight and transparency, aligning with standard practices for U.S.-listed investment funds.

Virtus Convertible & Income Fund operates in the Financial Services sector, specifically within the Asset Management industry. As a closed-end fund, its primary business is managing a diversified portfolio of fixed-income securities, including convertible bonds and high-yield bonds. The fund's asset management activities involve selecting and overseeing investments to generate income and capital appreciation for its shareholders. This places it among other investment vehicles that pool capital from investors to invest in various financial assets, with a focus on the U.S. fixed-income market.

Virtus Convertible & Income Fund is domiciled in the United States and focuses its investments on the fixed income markets of the United States. The fund primarily invests in U.S.-issued convertible securities and non-convertible high-yield bonds, targeting companies and instruments within the domestic market. Its management team, including Allianz Global Investors Fund Management LLC and Allianz Global Investors U.S. LLC, operates from the U.S., and the fund's shares are listed on the NYSE. This geographic concentration means the fund's performance is closely tied to the U.S. economic and interest rate environment.

Virtus Convertible & Income Fund generates returns through a combination of income from interest payments and potential capital appreciation from its portfolio of convertible securities and high-yield bonds. Convertible securities offer the option to convert into equity, providing upside potential, while high-yield bonds offer higher coupon payments to compensate for below-investment-grade credit risk. The fund employs a bottom-up stock picking approach, using fundamental analysis and proprietary models to select securities. It targets a weighted average maturity of five to ten years, balancing yield and interest rate sensitivity. As a closed-end fund, it may also use leverage to enhance returns, though this is not explicitly stated in the provided data.