InvestorsHub Logo
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Soapy Bubbles Free
08/09/11 7:15 PM
profile icon
Soapy Bubbles Free
07/01/11 10:46 PM
profile icon
Soapy Bubbles Free
06/01/11 4:46 PM
profile icon
Soapy Bubbles Free
04/01/11 4:25 PM
profile icon
Soapy Bubbles Free
03/01/11 10:57 PM

AGIC Convertible & Income Fund II (NCZ) RSS Feed

Posts (Today)
Posts (Total)


Fund Overview



  • Invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.
  • Seeks to invest at least 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors. For the convertible portion, AGIC seeks to capture approximately 70%-80% of any increase in the market price of the underlying equities (upside potential) and 50% or less of any decrease in the market price of the underlying equities (downside exposure).
  • In searching for investment opportunities, the manager looks for issuers that will successfully adapt to change, exceed minimum credit statistics and exhibit the most promising operating performance potential.

Investment Process

  • Gather information from internal and external sources, proprietary research models, other portfolio managers and bottom-up fundamental analysis
  • Combine dedicated and disciplined credit analysis with stock research in selecting convertible securities
  • Invest only in companies with each of the following three characteristics:
  1. Positive change-New products or pricing, increased financing, regulatory approvals, or more street research
  2. Sustainability-Strong financials, competitive product lines and pricing, and high barriers to entry
  3. Timeliness -Strong trading, recent litigation, product launches, company announcements or government oversight, which have a favorable impact on the company
  • Sell any stock that fails to exhibit any one of the preceding three characteristics


Management Firm

Allianz Global Investors Capital LLC (AGIC)
San Diego, Dallas and New York

The Fund's primary investment objective is to provide total return through a combination of capital appreciation and high current income. Investing in convertible securities may entail risk. The Funds that invest in convertibles may have to convert the securities before they would otherwise, which may have an adverse effect on the Fund’s ability to achieve its investment objective. High-yield bonds typically have a lower credit rating than other bonds. Lower rated bonds generally involve a greater risk to principal than higher rated bonds. The use of leverage may cause a Fund to liquidate portfolio positions at a disadvantageous time to satisfy its obligations or to meet segregation requirements. Leverage, including borrowing, may cause a Fund to be more volatile than if the Fund had not been leveraged, which may increase the risk of investment loss. This Fund may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk that a fund could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.


Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
New Post