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Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund

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Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund

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Ticker
CUSIP
Inception
Market Price
$
(as of )
Premium/Discount
%
Managed Assets
$ (as of )
Net Assets
$ (as of )
Average Daily Volume
(as of )
Shares Outstanding
Distribution Frequency

Portfolio Overview

Investment Overview

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company's debt and equity in order to offer an attractive risk/reward profile.

Innovators and Disruptors -- The Fund invests in a growing universe of opportunities across a broad spectrum of technologies and sectors embracing the disruptive power of artificial intelligence and other new technologies.

Differentiated Approach -- The Fund employs a differentiated, multi-asset approach which strives to create an attractive risk/reward profile through fundamental research and dynamically allocating across public and private investments in convertible securities and equities.

Specialist Managers -- Co-managed by Allianz Global Investors' Artificial Intelligence and Income & Growth investment teams, the Fund leverages one of the leading global investment managers with deep expertise in technology, multi-asset, and closed-end fund strategies.

Effective February 1, 2021, this fund's name has changed.

Effective February 26, 2021, this fund's adviser has changed.

Management Team

Investment Partner

Allianz Global Investors U.S. LLC

At Allianz Global Investors, active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors


Learn more about Allianz Global Investors U.S. LLC

Investment Professionals

Chen, James

James Chen, CFA

Director, Co-Portfolio Manager

Industry start date: 1993
Start date as fund Portfolio Manager: 2019

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Kass, Justin

Justin M. Kass, CFA

Managing Director, Portfolio Manager

Industry start date: 1998
Start date as fund Portfolio Manager: 2019

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Jue, Stephen

Stephen B. Jue

Director, Co-Portfolio Manager, Senior Research Analyst, US Technology

Industry start date: 2000
Start date as fund Portfolio Manager: 2019

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Performance & Risk

Performance

As of
As of

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.

Performance reflects the deduction of fund operating expenses. Performance does not reflect the incurrence of brokerage expenses, which typically apply to exchange traded products. Total return net of brokerage expenses would be lower than the total returns on market value shown in the table.

Expenses

Portfolio

Portfolio Breakdown (% Fund)

(as of 03/31/2021)
Convertible Securities
49.55
 49.55%
Common Equities
47.48
 47.48%
Cash and Equivalents
2.97
 2.97%

Allocations are subject to change daily.

Credit Quality (% Invested Assets)

(as of 03/31/2021)
AAA
0.00
 0.00%
AA
0.00
 0.00%
A
0.00
 0.00%
BBB
2.36
 2.36%
BB
11.84
 11.84%
B
1.71
 1.71%
CCC and Below
0.00
 0.00%
Not Rated
84.09
 84.09%

Credit ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of the issuers of the underlying securities and not to the Fund or its shares. Ratings are measured using a scale that ranges from AAA (highest) to NR (not rated). Not rated securities do not necessarily indicate low quality. The security's credit rating does not eliminate risk and credit ratings are subject to change. Credit Quality reflects the higher of the ratings of Standard & Poor's Corporation and Moody's Investors Service, Inc. Only one rating will be utilized if only one is available. Ratings are then adjusted to the Standard & Poor's rating tiers shown. Ratings are subject to change.

Sector Allocation (% Invested Assets)

(as of 03/31/2021)
Information Technology
47.85
 47.85%
Health Care
15.89
 15.89%
Consumer Discretionary
11.30
 11.30%
Communication Services
9.13
 9.13%
Industrials
7.73
 7.73%
Financials
6.68
 6.68%
Real Estate
0.93
 0.93%
Energy
0.48
 0.48%

Allocations are subject to change daily.

Top Holdings (% Fund)

(as of 03/31/2021)
Security
Deere & Company
2.30
 2.30%
NXP Semiconductors N.V.
2.22
 2.22%
Microsoft Corporation
1.85
 1.85%
Broadcom Inc. 8.00 % Cumul. Conv. Pfd Registered Shares 2019-30.09.22 Series A
1.71
 1.71%
UnitedHealth Group Inc.
1.62
 1.62%
Mastercard Inc.
1.47
 1.47%
Square, Inc. 0.25% 01-Nov-2027
1.46
 1.46%
Citigroup Inc.
1.37
 1.37%
IQVIA Holdings, Inc.
1.37
 1.37%
Micron Technology, Inc.
1.35
 1.35%

Holdings are subject to change.

Leverage

Assets (in millions)

(as of 05/28/2021)
Total Net Assets $990.60
Total Preferred Assets $0.00
Total Borrowed Debt $30.00
Total Managed Assets $1,020.60

Effective Leverage

(as of 05/28/2021)
Preferred Shares 0.00%
Borrowed Debt 2.94%
Total Effective Leverage 2.94%

Borrowed Debt Leverage Statistics

(as of 05/28/2021)
Short Term Notes $0.00
Short Term Loan $30.00
Assets (in Millions):

Total Net Assets: includes Net Assets Applicable to Common Shareholders
Total Preferred Assets: consist of the value of: Auction Rate Preferred Shares, and/or Series A Cumulative Preferred Shares, and/or Mandatory Redeemable Preferred Shares.
Total Managed Assets: Total Net Assets + Total Preferred Assets + Borrowed Debt

Effective Leverage:

Preferred Assets: % consists of Total Preferred assets divided by Total Managed Assets.
Borrowed Debt: % is short term debt + long term debt divided Total Managed Assets
Total Effective Leverage (%) consists of Preferred Assets + Borrowed Debt, as applicable, divided by Total Managed Assets

Distributions

Ex. Dividend Date
Record Date
Payable Date
Frequency
Latest($/Share)
YTD($/Share)
Market Price Distribution Rate
(as of )

Distributions are not guaranteed and are subject to change.

Distributions may be comprised of net investment income, capital gains and/or return of capital. Please refer to Section 19a notices below, if applicable for estimates on the composition of the distribution.

Year-to-Date Distribution History

Month Ex-Date Payable Date Distribution
June 06/10/2021 07/01/2021 $0.125000
May 05/12/2021 06/01/2021 $0.125000
April 04/09/2021 05/03/2021 $0.125000
March 03/10/2021 04/01/2021 $0.125000
February 02/10/2021 03/01/2021 $0.125000
January 01/13/2021 02/01/2021 $0.125000

Ex-Date Record Date Payable Date Total Distribution ($/Share)



You should not draw any conclusions about the Fund’s investment performance from its distributions. Please view the Fund’s Section 19a notices below, if applicable, which set forth information regarding the estimated composition of the distributions, including any portion that may constitute a return of capital.

The distribution table above is for informational purposes only and should not be used for tax reporting purposes. A Form 1099 DIV (or substitute Form 1099 DIV) will be sent to shareholders at the beginning of each year that will state the federal tax status of distributions received during the previous calendar year. Please consult a tax professional regarding specific tax matters.

Form 8937 Organizational Actions

Automatic Reinvestment Plan

This plan offers shareholders a convenient way to acquire additional shares of the fund. Registered holders will be automatically placed in the Plan. If shares are held at a brokerage firm, contact your broker about participation.

Net Asset Value vs. Market Price

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.

Disclosures

There can be no assurance that the fund will achieve its investment objectives.

This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.

Contact your financial representative for more information, or  or call for service at 1-800-254-5197.

Risk Considerations

Convertible Securities: A convertible security may be called for redemption at a time and price unfavorable to the portfolio.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Credit & Interest: Debt instruments are subject to various risks, including credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
Sector Focused Investing: Events negatively affecting a particular market sector in which the portfolio focuses its investments may cause the value of the portfolio to decrease.
Leverage: When a portfolio is leveraged, the value of its securities may be more volatile and all other risks may be compounded.
Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.
Closed-End Funds: Closed-end funds may trade at a discount or premium from their net asset values, which may affect whether an investor will realize gains or losses. They may also employ leverage, which may increase volatility.

Related Literature

Fact Sheet

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Fact Sheet

Distributions

June 1, 2021
May 3, 2021
April 1, 2021
March 1, 2021
February 1, 2021

Holdings

Virtus AllianzGI Artificial Intelligence And Technology Opportunities Fund Monthly Holdings

Section 19a Notices

News Releases/Communications

June 8, 2021 - Virtus AllianzGI Closed-End Funds Joint Annual Meeting of Shareholders Proxy Statement
February 25, 2021 - Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund Announces Results of Special Meeting of Shareholders
January 27, 2021 - AllianzGI Closed-End Funds Provide Additional Information on Fund Name Change
ACV, AIO, CBH, NCV, NCZ - Press Release
AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release June 2020
AllianzGI AIO Press Release Overallotment 11 22 2019
AllianzGI Artificial Intelligence Technology Opportunities Fund Announces Public Call Press Release June 2020
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release March 2020
AllianzGI Monthly Dividend Press Release For ACV AIO NCV NCZ CBH August 2020
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release June 2020
AllianzGI Monthly Dividend Press Release NCZ NCV ACV CBH AIO For January 2021
Allianz CEF Adjournment of Special Meeting - Press Release
AllianzGI Artificial Intelligence Technology Opportunities Fund AIO Press Release Form 8K
AllianzGI Artificial Intelligence Technology Opportunities Fund AIO Initial Distribution Press Release 12.9.19
AllianzGI CEF Second Adjournment of Special Meeting - Press Release - 12.24.20
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release July 2020
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release May 2020
AllianzGI Monthly Dividend Press Release For AIO NCV NCZ CBH ACV December 2020
AllianzGI Monthly Dividend Press Release For AIO CBH ACV April 2020 Revised
AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release February 2020
AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release Results May 2020
AllianzGI Artificial Intelligence Technology Opportunities Fund Press Release August 2020
AllianzGI Funds ACV and AIO Press Release Special Year-End Distribution - December 2020
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ January 2020
AllianzGI Monthly Dividend Press Release For AIO ACV CBH NCV NCZ Press Release February 2020
AllianzGI Monthly Dividend Press Release For AIO NCV NCZ CBH ACV October 2020
Press Release AllianzGI Announces Shareholders Of NCV Approve New Investment Advisory And Subadvisory Agreement And The Adjournment Of Meeting For AIO
January 22, 2021 - AllianzGI Closed-End Funds Announce Fund Name Changes

Governance

Governance & Nominating Committee Charter (AIO/CBH/NCV/NCZ/ACV/NIE/NFJ)
Dividend Reinvestment Plan (AIO/CBH/NCV/NCZ/ACV/NIE/NFJ)
Audit Oversight Committee Charter (AIO/CBH/NCV/NCZ/ACV/NIE/NFJ)
Procedures for Complaints Regarding Accounting, Internal Accounting Controls or Auditing Matters (AIO/CBH/NCV/NCZ/ACV/NIE/NFJ)

Financial Materials

AIO CBH NCV NCZ Annual Report
AIO CBH NCV NCZ Semi-Annual Report
2020 AIO Tax Information