NCZ: Good Concept, But This Convertible Fund Does Not Measure Up [Seeking Alpha]
Virtus Convertible & Income Fund II Common Shares of Beneficial Interest (NCZ)
US:NYSE Investor Relations:
morningstar.com/cefs/xnys/nie/quote.html
Company Research
Source: Seeking Alpha
The fund has a 12.59% yield, which is attractive compared to other asset types. The fund's portfolio is decent, as many of the companies in it have seen significant gains since the date that their convertible bonds were issued. The fund has significantly underperformed its peers over the past several years, and is one of the few closed-end funds to not have a positive three-year total return. The fund's valuation is reasonable, but its ability to sustain its current distribution is questionable. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Virtus Convertible & Income Fund II NYSE: NCZ ) is a closed-end fund that invests in a combination of convertible bonds, common stock, and fixed-income securities. This is a good concept, although it is perhaps not quite as attractive as it was a few years ago. For most of the past fifteen years, it was very difficult to obtain a
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NCZ
Sec Filings
- 4/12/24 - Form N-CEN
- 4/5/24 - Form N-CSR
- 3/21/24 - Form NPORT-P
- NCZ's page on the SEC website