Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II 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, employing a fundamental analysis with a bottom-up stock picking approach to construct its portfolio. It uses proprietary models for in-house research. The fund targets securities across a broad range of maturities, with a weighted average maturity typically between five to ten years. It was formerly known as AGIC Convertible & Income Fund II and is managed by Allianz Global Investors Fund Management LLC, with co-management by Allianz Global Investors U.S. LLC.

Virtus Convertible & Income Fund II is listed on the New York Stock Exchange (NYSE) under the ticker symbol NCZ-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.

Virtus Convertible & Income Fund II operates in the Financial Services sector, specifically within the Asset Management industry. As an asset management company, it manages a portfolio of fixed income securities on behalf of its shareholders. The fund is a closed-ended mutual fund, meaning it has a fixed number of shares that trade on an exchange, similar to stocks. Its primary focus is on managing investments in convertible bonds and high-yield bonds, which are typical activities for asset management firms specializing in fixed income.

Virtus Convertible & Income Fund II is domiciled in the United States, and its operations are based there. The fund primarily invests in the fixed income markets of the United States, focusing on U.S. convertible securities and high-yield bonds. While the fund is managed by Allianz Global Investors Fund Management LLC and co-managed by Allianz Global Investors U.S. LLC, both entities are U.S.-based. The fund serves investors who are looking for exposure to U.S. fixed income assets, particularly those seeking income through convertible and below-investment-grade bonds.

Virtus Convertible & Income Fund II generates returns for its shareholders by investing in a diversified portfolio of convertible securities and non-convertible high-yield bonds. The fund employs a fundamental analysis approach with bottom-up stock picking, meaning it selects individual securities based on their intrinsic value rather than broad market trends. It uses proprietary models for in-house research to identify attractive investment opportunities. The fund targets a weighted average maturity of five to ten years, balancing yield and risk. Income is primarily derived from interest payments on the bonds and potential capital appreciation from convertible securities, which can be converted into equity. As a closed-end fund, it may also use leverage to enhance returns, though this is not explicitly stated in the summary.