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Virtus Convertible & Income Fund II

NCZFinancial ServicesNASDAQ

Asset Management · Last scanned May 30, 2026

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Financials · Annual
Revenue
$68.2M
+28.7% YoY
Net Income
$67.7M
+29.1% YoY
Free Cash Flow
$11.2M

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About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. At a $302.9M market cap, Virtus Convertible & Income Fund II ranks as a small-cap company within financial services. The fund is co-managed by Allianz Global Investors U.S.

Key stats
Market Cap$302.9M
P/E (TTM)4.47
EPS$3.56
Beta1.21
52W Change+30.4%
Dividend Yield9.05%
ROE17.2%
Analysis

The company holds $8.1M in cash, though total debt stands at $46.8M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $11.2M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 17.2%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $118.7M to $68.2M.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing NCZ.

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