AllianzGI Equity & Conv Inc Common:NIE

    Manage Alerts


    As of 6/11/2021

    52 Wk Avg$26.63$29.63-10.17%
    52 Wk High$30.03$33.22-6.48%
    52 Wk Low$21.35$24.44-13.35%
    Regular Distribution TypeIncome Only
    Distribution Rate5.18%
    Distribution Amount$0.3800
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to seek total return comprised of capital appreciation, current income and gains. The Fund can not assure you that it will achieve its investment objectives. The Fund will pursue its investments objectives by investing in a diversified portfolio of equity securities and income - producing portfolio convertible securities. The Fund will also employ a strategy of writing (selling) call options on the stock held in equity componet, generally with respect to approximately 70% of the value of each stock position. However, the extent of the Funds use of the option strategy will vary depending on market conditions and other factors, and the Fund may determine from time to time to write call options on only a portion, or none, of the individual stocks held in the Equity Component.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$889.458M
    Total Common Assets:$889.458M
    Common Shares Outstanding:27,708,965
    Annual Expense Ratios

    As of 1/31/2021

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.07%
    Fund Management

    Fund Sponsor
    Virtus Investment Partners Inc

    Portfolio Managers
    Douglas G. Forsyth, Justin M. Kass, Michael E. Yee

    Category: Hybrid-U.S. Allocation
    Ticker: NIE
    NAV Ticker: XNIEX
    Average Daily Volume (shares): 72,240
    Average Daily Volume (USD): $1.908M
    Inception Date: 2/22/2007
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: January 31
    Third Party Links & Reports


    As of 6/11/2021

    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 1/31/2021
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    Total Return on NAV (12 months):
    As of 6/11/2021
    Avg. Portfolio Coupon:
    As of 6/11/2021
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-9.60%
    1 Year-10.17%
    3 Year-8.86%
    5 Year-9.43%

    As of 6/11/2021

    3 Month1.98
    6 Month1.80
    1 Year1.20
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    Number of Holdings:
    As of 4/30/2021
    Annual Portfolio Turnover:
    As of 1/31/2021
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Corporate (Super Sector)32.49%
    Sensitive (Super Sector)31.09%
    Cyclical (Super Sector)21.70%
    Consumer Cyclical12.17%
    Defensive (Super Sector)11.76%
    Communication Services9.34%
    Financial Services7.63%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Alphabet Inc A$31.50M3.52%
    Facebook Inc A$30.44M3.40%
    Microsoft Corp$29.18M3.26%
    Apple Inc$28.82M3.22% Inc$27.48M3.07%
    Tesla Inc$17.12M1.91%
    The Home Depot Inc$14.99M1.67%
    Visa Inc Class A$14.62M1.63%
    UnitedHealth Group Inc$14.06M1.57%
    Mastercard Inc A$13.94M1.56%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity63.76%
    China - Equity0.46%
    Canada - Equity0.32%
    United States - Fixed Income0.05%

    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.


    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.