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Fixed Income

Virtus Global Multi-Sector Income Fund

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Market Price
(as of )
Managed Assets
(as of )
Net Assets
(as of )
Product Overview

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. The fund pursues an options income strategy whereby it purchases and sells out-of-the money puts and calls, creating an options spread.

Management Team

Investment Partners

Newfleet Asset Management, LLC

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.

Visit the Newfleet Asset Management, LLC website
Portfolio Managers
David Albrycht
David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985

Start date with fund: 2012

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Benjamin Caron
Benjamin Caron, CFA

Senior Managing Director and Portfolio Manager

Industry start date: 1997

Start date with fund: 2012

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Kyle Jennings
Kyle A. Jennings, CFA

Senior Managing Director and Head of Credit Research

Industry start date: 1992

Start date with fund: 2012

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Daniel Senecal
Daniel P. Senecal, CFA

Managing Director and and Co-Head of Emerging Markets

Industry start date: 1990

Start date with fund: 2012

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Performance & Risk

As of
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

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.


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. 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.

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.

Fund Distributions and Managed Distribution Plan

Under the terms of the Fund’s managed distribution policy, the Fund seeks to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund.

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.

Distribution History2
Ex-Date Distribution Reinvest Price Note
11/10/2017 $0.156000 17.190000
10/11/2017 $0.156000 17.390000
09/08/2017 $0.156000 17.420000
08/09/2017 $0.156000 17.256930
07/11/2017 $0.156000 17.236608
06/08/2017 $0.156000 17.240000
05/09/2017 $0.156000 16.841033
04/11/2017 $0.156000 16.352661
03/09/2017 $0.156000 16.010797
02/09/2017 $0.156000 16.031329
01/05/2017 $0.156000 15.790094
12/08/2016 $0.156000 15.405546

You should not necessarily draw any conclusions about the Fund’s investment performance from the amount of this distribution. Contact your financial representative for more information, or  or call Virtus Closed-End Funds for service at 1-866-270-7788.

Form 8937 Organization Actions


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 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: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.

Documents & Resources

Fact Sheet
Virtus Global Multi-Sector Income Fund Fact Sheet
Automatic Reinvestment
Automatic Reinvestment and Cash Purchase Plan
December 1, 2017
November 15, 2017
November 1, 2017
October 2, 2017
September 13, 2017
September 1, 2017
August 1, 2017
July 3, 2017
June 7, 2017
June 6, 2017
June 1, 2017
May 1, 2017
April 3, 2017
March 1, 2017
February 1, 2017
January 3, 2017
December 19, 2016
December 2, 2016
Section 19a Notices
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
Decemer 2016
October 2016
November 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
News Releases/Communications
June 7, 2017 - Results of Joint Annual Meeting of Shareholders
April 28, 2017 - 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
Procedure for Complaints Regarding Accounting, Internal
Audit Committee Charter
Nominating Committee Charter
Financial Materials
Annual Report
Semiannual Report
2016 Tax Information