Virtus Convertible & Income Fund II (NCZ)
Virtus Convertible & Income Fund II operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $14.37, down 0.83% on the session, giving a market capitalisation of $273.4M. On trailing twelve-month figures it carries a trailing P/E of 4.44, a net margin of 95.7%. Its beta of 1.21 implies it has historically moved more than the broad market.
The Virtus Convertible & Income Fund II is a closed-end mutual fund focused on fixed income, launched and managed by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager. The fund's investment strategy concentrates on fixed income markets within the United States, primarily allocating capital to convertible instruments and high-yield, non-convertible bonds rated below investment grade. Its holdings generally feature a weighted average maturity ranging from five to ten years. Portfolio construction relies on fundamental analysis and a bottom-up security selection approach, supported by proprietary models and internal research. Established on July 31, 2003, and domiciled in the U.S., the fund was formerly known as AGIC Convertible & Income Fund II.
Virtus Convertible & Income Fund II is most often compared with the following Financial Services names: