Virtus AllianzGI Convertible & Income Fund seeks total return through a combination of capital appreciation and high current income.
Invests in a diversified portfolio of domestic convertible securities and high yield bonds rated below investment grade.
Seeks to invest at least 50% of the portfolio in convertibles, but determines the allocation based on changes in equity prices, changes in interest rates, and other economic and market factors. For the convertible portion, Allianz Global Investors seeks to capture the upside potential of equities with potentially less volatility than a pure stock investment.
In searching for investment opportunities, the manager looks for issuers that will successfully adapt to change, exceed minimum credit statistics, and exhibit the most promising operating performance potential.
Company profile
Ticker
NCV, NCV-PA
Exchange
CEO
Thomas Fuccillo
Employees
Incorporated
Location
Fiscal year end
Former names
AGIC Convertible & Income Fund, AllianzGI Convertible & Income Fund, NICHOLAS APPLEGATE CONVERTIBLE & INCOME FUND, Virtus AllianzGI Convertible & Income Fund
SEC CIK
NCV stock data
Latest filings (excl ownership)
N-CEN
Annual report (registered investment company)
12 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
N-CSR
Certified annual shareholder report (management investment company)
5 Apr 24
N-CSRS
Certified semi-annual shareholder report (management investment company)
5 Oct 23
N-PX
Annual report of proxy voting record
23 Aug 23
N-CEN
Annual report (registered investment company)
17 Apr 23
DEF 14A
Definitive proxy
11 Apr 23
N-CSR
Certified annual shareholder report (management investment company)
5 Apr 23
SC TO-I/A
Issuer tender offer statement (amended)
4 Nov 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
11 Oct 22
Latest ownership filings
NPORT-P
Virtus Convertible & Income Fund (Jan 2024 report)
21 Mar 24
SC 13G
MORGAN STANLEY
9 Feb 24
3
Matthew Toms
18 Jan 24
NPORT-P
Virtus Convertible & Income Fund (Oct 2023 report)
22 Dec 23
4
David J. Oberto
6 Oct 23
NPORT-P
Virtus Convertible & Income Fund (Jul 2023 report)
26 Sep 23
NPORT-P
Virtus Convertible & Income Fund (Apr 2023 report)
27 Jun 23
SC 13G
MetLife Investment Management, LLC
12 Jun 23
3
Initial statement of insider ownership
5 Jun 23
3
CONNIE D MCDANIEL
31 May 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Virtus Convertible & Income Fund | – | 8.43 | 7.03 | -3.80 | 553.37 mm | 222 | Jan 2024 |
Institutional ownership, Q3 2023
22.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 90 |
Opened positions | 13 |
Closed positions | 12 |
Increased positions | 36 |
Reduced positions | 24 |
13F shares | Current |
---|---|
Total value | 61.40 bn |
Total shares | 20.32 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
MS Morgan Stanley | 6.88 mm | $21.40 bn |
Advisors Asset Management | 2.42 mm | $7.53 bn |
BAC Bank Of America | 2.00 mm | $6.22 bn |
Cornerstone Advisors | 752.44 k | $2.34 bn |
LPL Financial | 564.71 k | $1.76 bn |
WNY Asset Management | 559.03 k | $1.74 bn |
Heron Bay Capital Management | 520.19 k | $1.62 bn |
Envestnet Asset Management | 430.47 k | $1.34 bn |
AMP Ameriprise Financial | 422.01 k | $1.31 bn |
Comerica Bank | 359.12 k | $1.12 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Oct 23 | David J. Oberto | Virtus Convertible & Income Fund | Sale back to company | Dispose D | No | No | 3.05 | 138.588 | 422.69 | 0 |