NCZ: Virtus/Allianz AllianzGI Convertible & Income Fund II
Virtus · CEF - Fixed Income · Tracks CWB
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year NCZ paid 10.7% but returned +6.2% in total, so about 50% of the payout was earned; the rest came back out of the fund's own value (its price fell).
| Earned % (3 months) | below -100% |
| Earned % (1 year) | 50% |
| Earned % (full history, up to 5 yrs) | -10% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 54.3 / 100 · rank #149 of 420. How the score works
Risk
| Sortino ratio (1Y) | 0.04 |
| Sharpe ratio (1Y) | 0.03 |
| Steadiness vs S&P 500 | 71% |
| Beta to S&P 500 | 0.98 |
| Correlation to S&P 500 | 0.69 |
| Max drop (1Y) | -15.4% |
| Max drop (up to 5 yrs) | -43.8% |
| Trend | Downtrend |
| History | 5.0 yrs |
Vs. CWB (what it's built on)
| Upside capture | 85% |
| Downside capture | 82% |
| Capture ratio | 1.05 |
| Beta | 0.81 |
| Correlation | 0.76 |
| Tracking | Loosely |
On days CWB rose, NCZ caught 85% of the gain; on days it fell, NCZ took 82% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-10-13 | $0.1200 |
| 2026-09-14 | $0.1200 |
| 2026-08-13 | $0.1200 |
| 2026-07-13 | $0.1200 |
| 2026-06-15 | $0.1200 |
| 2026-05-11 | $0.1200 |
| 2026-04-13 | $0.1200 |
| 2026-03-16 | $0.1200 |
| 2026-02-12 | $0.1200 |
| 2026-01-12 | $0.1200 |
| 2025-12-11 | $0.1200 |
| 2025-11-13 | $0.1200 |
Funds that track the same thing
Other CWB income funds, ranked by DT Score. See them all · Compare NCZ with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSQ Calamos Strategic Total Return Fund | CEF - Equity | 8.5% | 7.8% | +9.3% | 102% | 77% | 70% | Loosely | 65 | 30 | Downtrend |
| NCV Virtus/Allianz AllianzGI Convertible & Income Fund | CEF - Fixed Income | 12.1% | 11.1% | +4.8% | 38% | 76% | 73% | Loosely | 51 | 17 | Downtrend |
| CHI Calamos Convertible Opportunities and Income Fund | CEF - Equity | 10.7% | 10.7% | +4.3% | 29% | 100% | 96% | Loosely | 46 | 11 | Downtrend |
About NCZ
| Issuer | Virtus |
| Structure | CEF |
| Category | CEF - Fixed Income |
| Strategy | Convertible bonds |
| Underlying | Convertibles |
| Exposure | Convertibles |
| Index linkage | No - active |
| Pays | Monthly |
| Expense ratio | – |
| Launched | 2003 |
| Uses leverage | Yes |
| Upside capped | No |
| Rate sensitivity | Moderate |
| Return of capital common | Sometimes |
| Tax notes | Mixed |
Research notes: Verify.
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