FUND DESCRIPTION: AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, formerly the Nicholas-Applegate Convertible & Income Fund, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The AllianzGI Convertible & Income Fund seeks to provide total return through a combination of capital appreciation and high current income. FUND STRATEGY: The Fund invests in a diversified portfolio of domestic convertible securities and non-convertible, high-yield bonds rated below investment grade. It seeks to invest at least 50% of its portfolio in convertibles. It invests in sectors, such as advertising, apparel, auto components, banks, diversified financial services, entertainment, miscellaneous manufacturing and retail. 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. FUND MANAGEMENT: Allianz Global Investors Fund Management LLC serves as the investment manager of the Fund.
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