Virtus Global Multi-Sector Income Fund
Virtus Global Multi-Sector Income Fund
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.
Contact Us
Contact your financial representative for more information.
Email or call for service at
1-866-270-7788
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 websitePortfolio Managers
David L. Albrycht, CFA
President and Chief Investment Officer
Industry start date: 1985
Start date with fund: 2012
Benjamin Caron, CFA
Senior Managing Director and Portfolio Manager
Industry start date: 1997
Start date with fund: 2012
Kyle A. Jennings, CFA
Senior Managing Director and Head of Credit Research
Industry start date: 1992
Start date with fund: 2012
Daniel P. Senecal, CFA
Managing Director and Credit Analyst
Industry start date: 1990
Start date with fund: 2012
Performance
| 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
Expenses
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 |
|---|---|---|---|
| 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 | |
| 11/09/2016 | $0.156000 | 15.111783 | |
| 10/11/2016 | $0.156000 | 15.668154 | |
| 09/08/2016 | $0.156000 | 15.630650 |
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 email or call Virtus Closed-End Funds for service at 1-866-270-7788.
Form 8937 Organization Actions
Disclosures
There can be no assurance that the
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 email or call for service at 1-866-270-7788.
Risk Considerations
Distributions
| 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 | |
| September 21, 2016 |
Section 19a Notices
| September 2017 | |
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| December 2015 | |
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| September 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 |