Virtus Equity & Convertible Income Fund

Frequently Asked Questions About NIE

What does NIE invest in?

The Virtus Equity & Convertible Income Fund is a closed-end mutual fund designed to invest in a mix of stocks and income-producing convertible securities. It is overseen and managed by Allianz Global Investors Fund Management LLC, with co-management responsibilities held by Allianz Global Investors U.S. LLC. The fund's primary focus is on public equity markets within the United States, targeting companies across diverse economic sectors. A significant portion of its equity holdings comprises growth-oriented companies. Its investment strategy is rooted in comprehensive fundamental analysis, seeking out firms that exhibit characteristics such as exceptional earnings growth, a high return on invested capital, strong or improving financial stability, pronounced competitive advantages, and engagement in developing new technologies. Initially known as the AGIC Equity & Convertible Income Fund, it was established in the United States on February 27, 2007.

What is the expense ratio of NIE?

Virtus Equity & Convertible Income Fund (NIE) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is NIE's dividend yield?

NIE's trailing-twelve-month yield is 9.95%, calculated from the sum of dividends over the past year divided by the current price.

How big is NIE?

Virtus Equity & Convertible Income Fund (NIE) manages $725.4M 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 NIE actively managed or an index fund?

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

When was NIE launched?

Virtus Equity & Convertible Income Fund (NIE) launched in February 2007 and is managed by the fund issuer.