The Virtus AllianzGI Equity & Convertible Income Fund of Beneficial Interest (ticker: NIE) is a mutual fund that seeks to provide investors with a combination of equity and convertible securities. This fund is managed by Virtus Investment Partners and Allianz Global Investors, and aims to generate income and long-term capital appreciation for its shareholders. The fund primarily invests in a diversified portfolio of equity securities and convertible bonds, with a focus on companies with strong fundamentals and potential for growth. With a beneficial interest structure, this fund offers investors the opportunity to benefit from both equity and fixed income markets.