Virtus Convertible & Income Fund II:NCZ

    Manage Alerts

    Overview

    As of 12/2/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$3.10$3.63-14.60%
    52 Wk Avg$3.75$4.18-10.72%
    52 Wk High$5.18$5.57-5.10%
    52 Wk Low$2.68$3.26-17.48%
    Regular Distribution TypeIncome Only
    Distribution Rate14.52%
    Distribution Amount$0.0375
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund will invest at least 80% of its total assets in a diversified portfolio of convertible securities and non-convertible income-producing securities. It may invest up to 20% of its total assets in other types of securities. Under normal market conditions, it will invest at least 50% of its total assets in convertible securities. The Fund may invest without limit in securities that are below investment grade quality and expects that ordinarily it will primarily invest in these securities. It may invest up to 20% of its total assets in U.S. dollar-denominated securities of foreign issuers based in developed countries.

    Capital Structure

    As of 12/2/2022

    Total Investment Exposure:$547.825M
    Total Common Assets:$276.300M
    Common Shares Outstanding:76,115,749
    Leverage

    As of 12/2/2022

    Preferred Share Assets: $271.525M
    Total Debt (USD): $104.787M
    Regulatory Leverage (USD): $271.525M
    Effective Leverage (USD): $271.525M
    Effective Leverage (%): 49.56%
    Annual Expense Ratios

    As of 2/28/2022

      Per Common Share
    Management Fees1.06%
    Other Expenses:0.34%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 1.40%
    Fund Management

    Fund Sponsor
    Voya Investments, LLC

    Portfolio Managers
    Douglas G. Forsyth, Justin M. Kass

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: NCZ
    NAV Ticker: XNCZX
    Average Daily Volume (shares): 492,758
    Average Daily Volume (USD): $1.755M
    Inception Date: 7/31/2003
    Inception Share Price: $15.00
    Inception NAV: $14.33
    Tender Offer: No
    Term: No
    Fiscal Year End: February 28
    Third Party Links & Reports

    Distributions

    As of 12/2/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 7/31/2022
    $0.0441
    Annualized Distribution Rate on NAV:
    As of 12/2/2022
    12.40%
    Total Return on NAV (12 months):
    As of 12/2/2022
    -27.41%
    Avg. Portfolio Coupon:
    As of 12/2/2022
    3.64%
    Total % Portfolio Effectively Leveraged:
    As of 12/2/2022
    49.56%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/2/2022

    PeriodAvg Discount
    6 Month-12.75%
    1 Year-10.72%
    3 Year-9.08%
    5 Year-3.70%
    Z-Score

    As of 12/2/2022

    PeriodZStat
    3 Month-0.31
    6 Month-0.77
    1 Year-1.31
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2022
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-31.45%-27.90%-24.31%-22.49%
    20219.24%6.32%13.98%5.77%
    202011.14%20.21%25.59%32.33%
    201927.54%24.03%33.46%25.30%
    2018-18.13%-11.64%-10.90%-6.14%
    201722.06%11.25%18.81%12.46%
    201629.13%23.12%17.56%11.29%
    2015-35.37%-16.39%-13.28%-6.40%
    201411.10%1.32%4.99%1.66%
    201328.14%24.33%20.17%19.89%
    201214.43%22.88%13.75%15.53%
    2011-5.48%-3.80%-8.82%-5.62%
    201026.51%20.18%21.58%16.88%
    2009145.36%95.64%  
    2008-60.76%-57.95%  
    2007-13.16%3.07%  
    200626.90%13.99%  
    2005-0.36%2.99%  
    200413.91%13.15%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2022
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/2/2022
    3.64%
    Number of Holdings:
    As of 10/31/2022
    246
    Annual Portfolio Turnover:
    As of 2/28/2022
    54.00%
    Average Bond Price:
    As of 10/31/2022
    $94.30
    Asset Allocation

    As of 10/31/2022

    Top Sectors

    As of 10/31/2022

    Sector%Portfolio
    Corporate (Super Sector)154.72%
    Convertible87.12%
    Corporate Bond57.32%
    Preferred Stock10.28%
    Utilities3.21%
    Defensive (Super Sector)3.21%
    Cyclical (Super Sector)0.08%
    Financial Services0.08%
    Sensitive (Super Sector)0.07%
    Industrials0.07%
    Top Holdings

    As of 10/31/2022

    HoldingValue% Portfolio
    Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-$9.76M3.64%
    DexCom Inc 0.25%$8.94M3.34%
    Bill Com Holdings Inc$5.55M2.07%
    Unity Software Inc$4.70M1.76%
    Uber Technologies Inc$4.65M1.74%
    2020 Cash Mandatory Exchangeable Trust 5.25%$4.57M1.71%
    NCL Corporation Ltd. 1.125%$4.34M1.62%
    Palo Alto Networks Inc 0.375%$4.21M1.57%
    Pioneer Natural Resources Company 0.25%$4.21M1.57%
    Biomarin Pharmaceutical Inc. 1.25%$4.07M1.52%
    Credit Quality

    As of 10/31/2022

    Maturity Breakdown

    As of 10/31/2022

    Country Allocation

    As of 10/31/2022

    Country% Portfolio
    United States - Fixed Income55.97%
    United States - Equity3.91%
    Canada - Fixed Income2.35%
    Netherlands - Fixed Income0.85%
    United Kingdom - Fixed Income0.68%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X