Virtus AllianzGI Equity & Convertible Income Fund seeks total return comprised of capital appreciation, current income, and gains.
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of equity securities and income-producing convertible securities.
The equity component of the Fund may vary from 40-80% and the convertible component may vary from 20-60% of assets.
The Fund typically employs a strategy of writing (selling) call options on the stocks held in the equity component, generally with respect to approximately 70% of the value of each stock position. The extent to which the Fund uses this strategy will vary depending on market conditions and other factors. This strategy is intended to generate current gains from options premiums as a means to enhance distributions payable to the Fund's shareholders and to reduce overall portfolio risk.
Company profile
Ticker
NIE
Exchange
CEO
Thomas J. Fuccillo
Employees
Incorporated
Location
Fiscal year end
Former names
AGIC Equity & Convertible Income Fund, AllianzGI Equity & Convertible Income Fund, Nicholas-Applegate Equity & Convertible Income Fund, Nicholas-Applegate Equity & Income Capture Fund, Virtus AllianzGI Equity & Convertible Income Fund
SEC CIK
NIE 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
N-CSRS
Certified semi-annual shareholder report (management investment company)
11 Oct 22
DEFA14A
Additional proxy soliciting materials
9 Sep 22
Latest ownership filings
NPORT-P
Virtus Equity & Convertible Income Fund (Jan 2024 report)
27 Mar 24
3
Matthew Toms
22 Jan 24
NPORT-P
Virtus Equity & Convertible Income Fund (Oct 2023 report)
28 Dec 23
NPORT-P
Virtus Equity & Convertible Income Fund (Jul 2023 report)
26 Sep 23
4
DONALD C BURKE
30 Jun 23
NPORT-P
Virtus Equity & Convertible Income Fund (Apr 2023 report)
27 Jun 23
3
CONNIE D MCDANIEL
31 May 23
3
DONALD C BURKE
30 May 23
NPORT-P
Virtus Equity & Convertible Income Fund (Jan 2023 report)
24 Mar 23
SC 13G/A
FIRST TRUST PORTFOLIOS LP
10 Feb 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Virtus Equity & Convertible Income Fund | – | -1.87 | -4.43 | -2.89 | 598.04 mm | 185 | Oct 2023 |
Institutional ownership, Q3 2023
29.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 70 |
Opened positions | 5 |
Closed positions | 8 |
Increased positions | 25 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 136.41 bn |
Total shares | 8.07 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
WFC Wells Fargo & Co. | 1.21 mm | $24.14 bn |
First Trust Portfolios | 965.54 k | $0.00 |
Advisors Asset Management | 578.39 k | $11.50 bn |
Guggenheim Capital | 489.92 k | $9.74 bn |
MS Morgan Stanley | 464.27 k | $9.23 bn |
RY Royal Bank Of Canada | 434.94 k | $8.65 bn |
Wealth Enhancement Advisory Services | 359.30 k | $7.15 bn |
Raymond James Financial Services Advisors | 357.00 k | $7.10 bn |
Raymond James & Associates | 330.81 k | $6.58 bn |
Allspring Global Investments | 326.33 k | $6.49 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 23 | Burke Donald C | Common Stock | Buy | Acquire P | No | No | 20.8467 | 719.539 | 15.00 k | 719.539 |