Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II is a closed-end fixed income mutual fund incorporated in Massachusetts and headquartered in New York. The fund is launched and managed by Allianz Global Investors Fund Management LLC, with co-management by Allianz Global Investors U.S. LLC. It invests exclusively in U.S. fixed income markets, focusing on a dual strategy of convertible securities and non-convertible high-yield bonds rated below investment grade.

The fund constructs its portfolio using fundamental analysis with a bottom-up security selection approach. Portfolio managers employ in-house research utilizing proprietary analytical models to identify opportunities across a broad maturity spectrum, with weighted average maturities typically ranging between five to ten years. This structure allows the fund to balance income generation from high-yield instruments with potential capital appreciation through convertible exposure.

As a closed-end fund, Virtus Convertible & Income Fund II operates as part of the broader Virtus Investment Partners asset management platform, which is controlled by Allianz Global Investors. The fund generates revenue through management fees charged to shareholders. Asset levels and precise operational scale details are not publicly specified in standard disclosures.