Virtus Convertible & Income Fund II

Frequently Asked Questions About NCZ

What does NCZ invest in?

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.

What is the expense ratio of NCZ?

Virtus Convertible & Income Fund II (NCZ) charges an expense ratio of 2.22%. This is the annual fee deducted from fund assets to cover management and operations.

What is NCZ's dividend yield?

NCZ's trailing-twelve-month yield is 10.01%, calculated from the sum of dividends over the past year divided by the current price.

How big is NCZ?

Virtus Convertible & Income Fund II (NCZ) manages $273.6M 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 NCZ actively managed or an index fund?

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

When was NCZ launched?

Virtus Convertible & Income Fund II (NCZ) launched in July 2003 and is managed by the fund issuer.