Virtus Convertible & Income Fund is a closed-ended mutual fund managed by Allianz Global Investors Fund Management LLC, investing primarily in US fixed income markets. It invests in convertible and non-convertible high-yield bonds rated below investment grade, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis to create its portfolio, and was formed on March 31, 2003, and domiciled in the United States.