The Virtus AllianzGI Preferred Securities and Income Fund Institutional Class (APEIX) is a mutual fund that primarily invests in preferred securities and income-producing assets. This fund is designed for institutional investors and aims to provide a steady stream of income while also seeking long-term capital appreciation. It is managed by Virtus Investment Partners and Allianz Global Investors, two well-respected financial firms. APEIX may be a suitable option for investors looking for a diversified portfolio with a focus on preferred securities and income generation.