Virtus Convertible & Income Fund II

Company Profile

Virtus AllianzGI Convertible & Income Fund II 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 its portfolio in convertibles, but determines its 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.