The Virtus AllianzGI Convertible Fund Class C (ANZCX) is a mutual fund that primarily invests in convertible securities, which are bonds or preferred stocks that can be converted into common stocks. This fund is managed by Virtus Investment Partners and sub-advised by Allianz Global Investors, and aims to provide investors with a balance of income and capital appreciation. The Class C shares of this fund have a lower expense ratio compared to other share classes, making it a more cost-effective option for investors. Overall, the ANZCX mutual fund offers a diversified portfolio of convertible securities, providing potential for growth while also managing risk.