Virtus Convertible & Income Fund

Frequently Asked Questions About NCV

What does NCV invest in?

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.

What is the expense ratio of NCV?

Virtus Convertible & Income Fund (NCV) charges an expense ratio of 2.82%. This is the annual fee deducted from fund assets to cover management and operations.

What is NCV's dividend yield?

NCV's trailing-twelve-month yield is 9.90%, calculated from the sum of dividends over the past year divided by the current price.

How big is NCV?

Virtus Convertible & Income Fund (NCV) manages $372.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NCV actively managed or an index fund?

NCV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NCV launched?

Virtus Convertible & Income Fund (NCV) launched in March 2003 and is managed by the fund issuer.