AllianzGI Convertible & Income Fund Performance and Dividends

The AllianzGI Convertible & Income Fund is designed to provide a unique investment solution for those seeking to balance income generation with potential for long-term growth. It invests in convertible securities and other income-generating instruments.

The fund has a history of delivering competitive returns, with a 5-year annualized return of 8.35% as of a certain date. This performance is impressive, especially considering the current market conditions.

One of the key benefits of this fund is its ability to generate regular income through dividends and interest payments. In fact, the fund has a dividend yield of around 6.5% as of a certain date, making it an attractive option for income-seeking investors.

Investors in the AllianzGI Convertible & Income Fund can expect to receive quarterly dividend payments, providing a predictable source of income.

Expand your knowledge: Dimensional Fund Advisors Target Date Funds

The Virtus AllianzGI Convertible & Income Fund has a dividend growth in the last 12 months of 0.00% for both NCZ-PA and NCV-PA.

Both funds have a trailing 12-month yield of 6.60% for NCZ-PA and 6.37% for NCV-PA.

The dividend history for NCZ-PA shows a consistent payout amount of $0.3438 from March 2020 to December 2024, except for a few instances in 2020 where the payout amount was lower.

NCZ-PA's dividend history also shows a significant drop in payout amount in 2021, with a 40.33% decrease from 2020.

NCV-PA's dividend history shows a similar consistent payout amount of $0.3516 from March 2020 to December 2024, except for a few instances in 2020 where the payout amount was lower.

The dividend growth history for NCZ-PA shows a 0.00% annual payout growth in 2024, after a 0.84% growth in 2023.

The dividend growth history for NCV-PA shows a 0.00% annual payout growth in 2024, after a 0.00% growth in 2023.

Here is a comparison of the payout amounts for NCZ-PA and NCV-PA in 2020:

Note that both funds had a significant increase in payout amount in 2020, with NCZ-PA increasing by 67.59% and NCV-PA increasing by 66.69%.

The Virtus AllianzGI Convertible & Income Fund II (NCZ-PA) has delivered a compound annualized total return of 3.697% from 09/05/2018 to 01/16/2025, with a cumulative total return of 25.688%.

The fund's maximum drawdown over this period was 21.1%, indicating a relatively stable performance. Its Sharpe Ratio, which measures risk-adjusted return, was 0.11, suggesting a relatively low risk profile. The Annualized Standard Deviation of 10.2% further supports this notion.

Here's a summary of the fund's performance over different time periods:

The fund's yield has been relatively stable, ranging from 1.7% to 8.9% over the years.

The Virtus AllianzGI Convertible & Income Fund II (NCZ-PA) has delivered a compound annualized total return of 3.697% from September 5, 2018, to January 16, 2025, with a cumulative total return of 25.688%.

The fund's performance has been relatively stable, with an Annualized Standard Deviation of 10.2% over the same period. This indicates that the fund's value has fluctuated by around 10.2% each year.

The Maximum Drawdown of 21.1% occurred between September 5, 2018, and January 16, 2025, which is a significant drop in value.

Here's a summary of the fund's historical returns and risk metrics:

The fund's Sharpe Ratio of 0.11 indicates that it has provided a relatively low return per unit of risk taken. This suggests that the fund may not be the best choice for investors seeking high returns with low risk.

Rolling returns charts offer a more precise insight into a portfolio's risk and return stability, particularly when focusing on the minimal return points within a chart as a measure of a fund or portfolio's risk.

A 5-year rolling return chart for an investment depicts the return sequence of 5-year trailing returns for the dates in the chart. For instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015.

Rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics.

A well-known observation is that investments tend to perform poorly when investors decide to follow them due to their recent strong returns.

Additional reading: American Funds Retirement Income Portfolio

NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago.

The discounts for both funds are now closer together, but NCZ presents a potentially better opportunity with a larger discount compared to NCV.

Both NCV and NCZ are part of the Virtus Convertible & Income Fund family.

NCZ offers a larger discount, making it a more appealing option for investors looking to minimize their investment costs.

The funds' discounts have narrowed significantly, making them more attractive to investors who want to get in on the action.

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