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Daily Price (as of 4/17/2015)

NAV Per Share: 18.40
Closing Market Price: 16.98
Premium/Discount: -7.72%

Key Stats (as of 4/17/2015)

Inception: 2/23/2012
Ticker: VGI
CUSIP: 92829B101
Net Assets: $207,099,914
Total Managed Assets: $283,099,914

Related Resources

Automatic Reinvestment

Factsheet

Distribution Announcements

Important Tax Information

SEC 19A Notices

News Releases/Communications

Form 8937: Organizational Actions

Financials

Virtus Global Multi-Sector Income Fund

Contact Us

Contact your financial representative for more information.

Email or call for service at
1-866-270-7788

Investment Opportunity

The fund seeks to generate high current income and total return by applying extensive credit research and a time-tested approach to capitalize on opportunities across undervalued sectors of the global bond markets. The portfolio seeks global diversification among 14 sectors in order to potentially increase return and manage risk. A team of investment professionals provides significant research depth across all sectors of the global bond markets.

Management Team

David L. Albrycht, CFA

David L. Albrycht, CFA
Newfleet Asset Management
Industry start date: 1985
Start date with Fund: 2012

Benjamin Caron, CFA

Benjamin Caron, CFA
Newfleet Asset Management
Industry start date: 1997
Start date with Fund: 2012

Kyle A. Jennings, CFA

Kyle A. Jennings, CFA
Newfleet Asset Management
Industry start date: 1992
Start date with Fund: 2012

Daniel P. Senecal, CFA

Daniel P. Senecal, CFA
Newfleet Asset Management
Industry start date: 1990
Start date with Fund: 2012

Performance (as of 3/31/2015)

Net Asset Value (NAV)
YTD One Year Five Years Ten Years Since Inception
3.82% 4.60% NA NA 7.42%
Market Price
YTD One Year Five Years Ten Years Since Inception
9.70% 9.71% NA NA 3.13%

Distribution History

Ex-Date Distribution Reinvest Price Note
3/10/2015 0.130000 16.622702
2/10/2015 0.130000 16.134670
1/6/2015 0.380000 15.699595
12/9/2014 0.130000 15.758300
11/10/2014 0.130000 16.822120
10/9/2014 0.130000 17.069495
9/10/2014 0.120000 17.302952
8/7/2014 0.120000 17.677847
7/9/2014 0.120000 17.955640
6/10/2014 0.120000 17.879155
5/8/2014 0.120000 17.647091

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 reflects the performance of the manager.  Market price is the price at which investors may purchase or sell shares of the Fund on the New York Stock Exchange. 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. The fund has no control over the stock price on the New York Stock Exchange. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV. Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. 

Fund Distributions and Managed Plan

Under the terms of the Fund’s Managed Distribution Plan, the Fund seeks to maintain a consistent distribution level that may be paid in part or in full from net investment income, realized capital gains, and a return of capital, or a combination thereof. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”.

The amounts and sources of distributions reported in Section 19(a) Notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Please note that the characterization of Fund distributions for federal income tax purposes is different from book accounting generally accepted account principles (“GAAP”). The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. 

You should not necessarily draw any conclusions about the Fund’s investment performance from the amount of this distribution.

Disclosures

The Virtus Global Multi-Sector Income Fund is a closed-end fund traded on the New York Stock Exchange (Symbol VGI). Shares must be purchased through a professional financial advisor.

Shares of closed-end investment companies such as the fund trade in the market above, at, and below net asset value. This characteristic is a risk separate and distinct from the risk that the fund’s net asset value could decline. The fund is not able to predict whether its shares will trade above, below, or at net asset value in the future.

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.

Performance data quoted represents past results. Past performance is no guarantee of future results.

Contact your financial representative for more information, or email or call for service at 1-866-270-7788.

 

 

Fund Risks

Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.

Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.

High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities.

ABS/MBS: Changes in interest rates can cause both extension and prepayment risks for asset- and mortgage-backed securities. These securities are also subject to risks associated with the repayment of underlying collateral.

Bank Loans: Loans may be unsecured or not fully collateralized, may be subject to restrictions on resale and/or trade infrequently on the secondary market. Loans can carry significant credit and call risk, can be difficult to value and have longer settlement times than other investments, which can make loans relatively illiquid at times.

Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.

Call/Put Spreads: Buying and selling call and put option spreads on the SPX Index risks the loss of the premium when buying, can limit upside participation and increase downside losses.

Market Price/NAV: Shares of closed-end funds often trade at a discount to their net asset value, which may increase investors’ risk of loss. At the time of sale, an investor’s shares may have a market price that is above or below the fund’s NAV.