Home / Closed-End / Virtus Global Multi-Sector Income Fund
Closed-End Fund Fixed Income Multi-Sector

Virtus Global Multi-Sector Income Fund

Image specific to each asset class and market style grouping.
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's investment objective is to maximize current income while preserving capital. The fund seeks to generate high current income and total return by applying extensive credit research 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

Investment Partner

Newfleet Asset Management

Newfleet Asset Management is a multi-sector fixed income manager with more than a quarter century of experience investing across the full fixed income universe.

Newfleet leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to construct diversified portfolios.

Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC ('VFIA'), an SEC registered investment adviser.


Learn more about Newfleet Asset Management

Investment Professionals

David Albrycht - 400x400

David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985
Start date as fund Portfolio Manager: 2012

Show More
Ben Caron

Benjamin Caron, CFA

Senior Managing Director and Portfolio Manager

Industry start date: 1997
Start date as fund Portfolio Manager: 2012

Show More
Kyle Jennings

Kyle A. Jennings, CFA

Senior Managing Director and Head of Credit Research

Industry start date: 1992
Start date as fund Portfolio Manager: 2012

Show More
Daniel Senecal

Daniel P. Senecal, CFA

Managing Director and Credit Analyst

Industry start date: 1990
Start date as fund Portfolio Manager: 2012

Show More

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. 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. Returns for periods of one year or less are cumulative returns.

Expenses

Portfolio

Ratings Distribution (% Fund)

(as of 03/28/2024)
Aaa
10.91
 10.91%
Aa
5.76
 5.76%
A
11.32
 11.32%
Baa
29.18
 29.18%
Ba
18.85
 18.85%
B
17.33
 17.33%
Caa
4.13
 4.13%
Ca
0.44
 0.44%
C
0.14
 0.14%
D
0.00
 0.00%
NR
1.08
 1.08%
Cash & Equivalents
0.87
 0.87%

The ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government's debt issues. The ratings apply to the fund's holdings and not the fund. Ratings are provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Newfleet uses the higher rating. If a rating is not available, the bond is placed in the Not Rated category. Credit ratings are subject to change. Aaa, Aa, A, and Baa are investment grade ratings; Ba, B, Caa, Ca, C, and D are below-investment grade ratings.

Sector Allocation (% Fund)

(as of 03/28/2024)
Corporate - High Quality
21.10
 21.10%
Corporate - High Yield
17.60
 17.60%
Emerging Market - High Yield
17.44
 17.44%
Yankee - High Quality
11.41
 11.41%
Bank Loans
10.32
 10.32%
Asset Backed Securities
8.78
 8.78%
Non-Agency Residential MBS
4.88
 4.88%
Mortgage Backed Securities
2.96
 2.96%
Treasury
2.21
 2.21%
Non-Agency Commercial MBS
2.01
 2.01%
Cash
0.87
 0.87%
Non-USD
0.38
 0.38%
Equity
0.05
 0.05%

Allocations are subject to change daily.

Top Holdings (% Fund)

(as of 03/28/2024)
Security
Fannie Mae Pool, 6.0000%
1.48
 1.48%
Saudi Government International Bond, 4.5000% 10/26/2046
1.44
 1.44%
United States Treasury Note/Bond, 4.7500% 11/15/2053
1.42
 1.42%
Indonesia Government International Bond, 2.8500% 02/14/2030
1.40
 1.40%
Jordan Government International Bond, 5.8500% 07/07/2030
1.36
 1.36%
Turkiye Government International Bond, 9.1250% 07/13/2030
1.31
 1.31%
Turkiye Government International Bond, 7.6250% 04/26/2029
1.22
 1.22%
Petroleos Mexicanos, 6.3750% 01/23/2045
1.12
 1.12%
Angolan Government International Bond, 8.2500% 05/09/2028
1.09
 1.09%
Costa Rica Government International Bond, 6.5500% 04/03/2034
0.98
 0.98%

Holdings are subject to change.

Leverage

Assets (in millions)

(as of 04/30/2024)
Total Net Assets $94.87
Total Borrowed Debt $43.00
Total Managed Assets $137.87

Effective Leverage

(as of 04/30/2024)
Borrowed Debt 31.19%
Assets (in Millions):

Total Net Assets: includes net assets applicable to Common Shareholders
Total Managed Assets: Total Net Assets + Total Borrowed Debt

Effective Leverage:

Borrowed Debt: % is Total Borrowed Debt 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
May 05/10/2024 05/30/2024 $0.080000
April 04/10/2024 04/29/2024 $0.080000
March 03/08/2024 03/28/2024 $0.080000
February 02/09/2024 02/28/2024 $0.080000
January 01/11/2024 01/30/2024 $0.080000

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



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 1-866-270-7788.

Risk Considerations

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.
Management: The Fund is subject to management risk because it is an actively managed investment portfolio. Judgments by the Fund's subadviser about the attractiveness and potential appreciation of an investment may prove to be inaccurate and may not produce the desired results.
Foreign & Emerging Markets: Investing in foreign securities, especially in emerging markets, subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk.
Sanctions: The imposition of sanctions and other similar measures could cause a decline in the value and/or liquidity of securities issued by or tied to the sanctioned country and increase market volatility and disruption in the sanctioned country and throughout the world. Sanctions and other similar measures could limit or prevent the Fund from buying and selling securities (in the sanctioned country and other markets), significantly delay or prevent the settlement of transactions, and negatively impact the Fund's liquidity and performance.
High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to 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 non-repayment of underlying collateral, including losses to the portfolio.
Bank Loans: Bank loans may be unsecured or not fully collateralized, may be subject to restrictions on resale, may be less liquid and may trade infrequently on the secondary market. Bank loans settle on a delayed basis; thus, sale proceeds may not be available to meet redemptions for a substantial period of time after the sale of the loan.
Leverage: When the Fund leverages its portfolio, the Fund may be less liquid and/or may liquidate positions at an unfavorable time, and the value of the Fund's shares will be more volatile and sensitive to market movements.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its 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.
No Guarantee: There is no guarantee that the portfolio will meet its objective.

Related Literature

Fact Sheet

Virtus Global Multi-Sector Income Fund Fact Sheet

Automatic Reinvestment

Virtus Global Multi-Sector Income Fund - Automatic Reinvestment and Cash Purchase Plan

Distributions

March 1, 2024
November 16, 2023
August 31, 2023
May 25, 2023

Holdings

Virtus Global Multi-Sector Income Fund Holdings Fiscal Q1
Virtus Global Multi-Sector Income Fund Holdings Fiscal Q3

Section 19a Notices

April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022

News Releases/Communications

April 10, 2024 - Joint Annual Meeting of Shareholders Proxy Statement
May 23, 2023 - Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
April 11, 2023 - Joint Annual Meeting of Shareholders Proxy Statement
July 5, 2022 - Virtus Closed-End Funds Update
May 24, 2022 - Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
April 18, 2022 - Joint Annual Meeting of Shareholders Proxy Statement
November 18, 2021 - Virtus Global Multi-Sector Income Fund to Remove Managed Distribution Plan, Maintain Monthly Distribution of $0.08/Share
May 20, 2021 - Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
April 15, 2021 - Joint Annual Meeting of Shareholders Proxy Statement
June 18, 2020 - Virtus Closed End Funds Remove Options Strategies
May 21, 2020 - Virtus Closed End Funds Announce Results of Joint Annual Meeting & Adjournment of Duff & Phelps Select MLP and Midstream Energy Fund
April 9, 2020 - Joint Annual Meeting of Shareholders Proxy Statement
November 4, 2019 - Virtus Closed End Funds Announce Results of Joint Special Meetings of Shareholders
September 3, 2019 - Special Meeting Proxy Statement
July 3, 2019 - Virtus Closed-End Funds Announce Joint Special Meetings of Shareholders
May 22, 2019 - Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
April 16, 2019 - Proxy Statement
October 15, 2018 - Rampart Investment Management Added as Subadviser on Three Virtus Closed-End Funds
April 17, 2018 - Proxy Statement
September 16, 2016 - Results of Special Meeting of Shareholders
August 8, 2016 - Special Proxy Statement
August 2, 2016 - Five Closed-End Funds Announce Changes to Board Membership
May 22, 2014 - VGI Announces Results of Annual Meeting and Adoption of Options Strategy

Governance

Procedures for Complaints Regarding Accounting, Internal Accounting Controls or Auditing Matters
Audit Committee Charter
Governance & Nominating Committee Charter

Financial Materials

VGI Annual Report
VGI Semiannual Report
2023 Virtus Closed-End Funds Tax Information