Virtus AllianzGI Convertible & Income 2024 Target Term Fund employs a multi-asset strategy that seeks to generate high current income by dynamically allocating assets to the following three segments of a company's capital structure: Convertible securities, which offer current income, downside protection, and potential capital appreciation; High yield securities, which offer high income potential and have a potentially favorable risk/reward profile, relative to other fixed income asset classes;
-- Senior secured loans which offer a diversified return due to their unique floating-rate feature, seniority in the capital structure, and historically low correlation to core fixed income.
The Fund seeks to return the original net asset value (NAV) (defined as NAV per share before the deduction of the estimated offering cost of $0.02 per share) or more at the end of a seven-year investment term ending in 2024.
Interest rate risk management -- the Fund's underlying asset classes have historically performed well in past rising rate environments and have exhibited low historical correlation to core fixed income.
Effective February 1, 2021, this fund's name and investment adviser have changed.
![Virtus Convertible & Income 2024 Target Term Fund logo](/files/LOGO/1701809-CBH.png)
Company profile
Ticker
CBH
Exchange
CEO
Thomas J. Fuccillo
Employees
Incorporated
Location
Fiscal year end
Former names
AllianzGI Convertible & Income 2024 Target Term Fund, Virtus AllianzGI Convertible & Income 2024 Target Term Fund
SEC CIK
CBH 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
3
DONALD C BURKE
6 Jun 24
3
GERALDINE M MCNAMARA
5 Jun 24
NPORT-P
Virtus Convertible & Income 2024 Target Term Fund (Jan 2024 report)
21 Mar 24
SC 13G/A
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
14 Feb 24
SC 13G/A
MORGAN STANLEY
9 Feb 24
3
Matthew Toms
18 Jan 24
NPORT-P
Virtus Convertible & Income 2024 Target Term Fund (Oct 2023 report)
22 Dec 23
4
David J. Oberto
6 Oct 23
NPORT-P
Virtus Convertible & Income 2024 Target Term Fund (Jul 2023 report)
26 Sep 23
3
R KEITH WALTON
6 Sep 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Virtus Convertible & Income 2024 Target Term Fund | – | 1.29 | 1.61 | -0.59 | 190.47 mm | 80 | Jan 2024 |
Institutional ownership, Q4 2023
0.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 7 |
Opened positions | 1 |
Closed positions | 32 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.31 bn |
Total shares | 151.04 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
E&G Advisors | 59.34 k | $517.46 mm |
TFB Advisors | 36.90 k | $321.79 mm |
Raymond James & Associates | 22.50 k | $196.20 mm |
Cypress Wealth Services | 20.00 k | $174.40 mm |
OmniStar Financial | 11.07 k | $96.57 mm |
Gradient Investments | 616.00 | $5.37 mm |
FNY Investment Advisers | 600.00 | $5.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Oct 23 | David J. Oberto | Virtus Convertible & Income 2024 Target Term Fund | Sale back to company | Dispose D | No | No | 8.6169 | 4,618.227 | 39.79 k | 0 |