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NCZ

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Analysis and statistics

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About

NCZ.US represents AllianzGI Convertible & Income Fund, a closed-end fund managed by Allianz Global Investors U.S. LLC. The fund's investment objective is to provide a high level of current income and gains, with a secondary objective of capital appreciation. It typically invests in a portfolio of convertible securities and high-yield debt instruments. The fund is traded on the New York Stock Exchange.

Factors

Investment Performance: The fund's net asset value (NAV) and its ability to generate returns influence its price. Strong performance typically attracts more investors, potentially increasing demand and price.

Interest Rate Environment: Changes in interest rates impact fixed-income investments. Rising rates can decrease the value of existing bond holdings, affecting the fund's NAV and market price.

Credit Risk: The creditworthiness of the underlying bonds within the fund matters. Downgrades or defaults can negatively impact the fund's value.

Market Sentiment: Overall investor confidence and risk appetite influence demand for closed-end funds. Positive sentiment can drive up prices, while negative sentiment can cause declines.

Supply and Demand: As a closed-end fund, NCZ's shares trade on an exchange. Increased demand relative to the fixed supply can push the price above its NAV, creating a premium. Conversely, low demand can lead to a discount.

Distribution Rate: The fund's distribution policy and the yield it offers to investors are important considerations. A higher distribution rate can attract income-seeking investors, potentially supporting the price.

Expense Ratio: The fund's operating costs, including management fees, can affect its overall returns and attractiveness to investors.

Economic Conditions: The broader economic outlook, including inflation, unemployment, and GDP growth, can influence bond yields and overall market sentiment, impacting the fund's price.

NAV Premium/Discount: The relationship between the fund's market price and its net asset value (NAV) can fluctuate. A significant premium or discount may attract or deter investors, impacting price.

Management Expertise: The skills and experience of the fund's management team in selecting and managing bond investments influence investor confidence and the fund's performance.

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