Virtus AllianzGI Convertible & Income 2024 Target Term Fund employs a multi-asset strategy that seeks to generate high current income by dynamically allocating assets to the following three segments of a company's capital structure: Convertible securities, which offer current income, downside protection, and potential capital appreciation; High yield securities, which offer high income potential and have a potentially favorable risk/reward profile, relative to other fixed income asset classes; -- Senior secured loans which offer a diversified return due to their unique floating-rate feature, seniority in the capital structure, and historically low correlation to core fixed income. The Fund seeks to return the original net asset value (NAV) (defined as NAV per share before the deduction of the estimated offering cost of $0.02 per share) or more at the end of a seven-year investment term ending in 2024. Interest rate risk management -- the Fund's underlying asset classes have historically performed well in past rising rate environments and have exhibited low historical correlation to core fixed income. Effective February 1, 2021, this fund's name and investment adviser have changed.