Virtus Convertible & Income Fund (NCV)
Virtus Convertible & Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $17.38, up 0.00% on the session, giving a market capitalisation of $392.7M. On trailing twelve-month figures it carries a trailing P/E of 5.19, a net margin of 116.2%. Its beta of 1.19 implies it has historically moved more than the broad market.
The Virtus Convertible & Income Fund, previously known as AGIC Convertible & Income Fund, is a U.S.-domiciled, closed-end mutual fund specializing in fixed-income investments. Launched and primarily overseen by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager, this fund was established on March 31, 2003. Its investment strategy concentrates on the fixed-income markets within the United States, predominantly allocating capital to convertible securities and non-convertible high-yield bonds that are rated below investment grade. The fund aims for a diverse maturity profile, maintaining a weighted average maturity for its holdings typically ranging from five to ten years. Portfolio construction is driven by fundamental analysis and a bottom-up security selection approach, supported by proprietary models and in-house research capabilities.
Virtus Convertible & Income Fund is most often compared with the following Financial Services names: