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Closed-End Fund Fixed Income Multi-Sector

Virtus Global Multi-Sector Income Fund

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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, LLC

Newfleet Asset Management 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 portfolio construction.


Learn more about Newfleet Asset Management, LLC

Investment Professionals

David Albrycht, CFA

David L. Albrycht, CFA

President and Chief Investment Officer

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

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Ben Caron

Benjamin Caron, CFA

Senior Managing Director and Portfolio Manager

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

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Daniel Senecal

Daniel P. Senecal, CFA

Managing Director and Credit Analyst

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

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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

Credit Quality (% Fund)

(as of 03/31/2022)
Aaa
6.02
 6.02%
Aa
4.49
 4.49%
A
8.11
 8.11%
Baa
28.22
 28.22%
Ba
19.39
 19.39%
B
21.57
 21.57%
Caa
4.49
 4.49%
Ca
0.00
 0.00%
C
0.00
 0.00%
D
0.00
 0.00%
NR
4.63
 4.63%
Cash & Equivalents
3.09
 3.09%

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 03/31/2022)
Corporate - High Yield
19.66
 19.66%
Emerging Market - High Yield
19.07
 19.07%
Corporate - High Quality
18.80
 18.80%
Bank Loans
12.93
 12.93%
Yankee - High Quality
7.99
 7.99%
Asset Backed Securities
7.83
 7.83%
Non-Agency Residential MBS
5.14
 5.14%
Cash
3.09
 3.09%
Treasury
2.98
 2.98%
Non-Agency Commercial MBS
1.06
 1.06%
Taxable Municipals
0.95
 0.95%
Equity
0.29
 0.29%
Municipals
0.19
 0.19%

Allocations are subject to change daily.

Top Holdings (% Fund)

(as of 03/31/2022)
Security
United States Treasury Note/Bond, 1.2500% 05/15/2050
2.00
 2.00%
iShares JP Morgan USD Emerging Markets Bond ETF
1.75
 1.75%
Oman Government International Bond, 7.3750% 10/28/2032
1.48
 1.48%
Petroleos Mexicanos, 6.5000% 03/13/2027
1.44
 1.44%
Ocp SA , 5.6250% 04/25/2024
1.27
 1.27%
Indonesia Government International Bond, 2.8500% 02/14/2030
1.24
 1.24%
Transportadora de Gas del Peru SA, 4.2500% 04/30/2028
1.13
 1.13%
Petroleos Mexicanos, 6.3750% 01/23/2045
1.12
 1.12%
Mexico Government International Bond, 4.5000% 01/31/2050
1.11
 1.11%
Emirate of Dubai Government International Bonds, 5.2500% 01/30/2043
1.07
 1.07%

Holdings are subject to change.

Leverage

Assets (in millions)

(as of 04/29/2022)
Total Net Assets $114.94
Total Borrowed Debt $52.50
Total Managed Assets $167.44

Effective Leverage

(as of 04/29/2022)
Borrowed Debt 31.36%
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 05/11/2022 05/19/2022 $0.080000
April 04/08/2022 04/20/2022 $0.080000
March 03/10/2022 03/18/2022 $0.080000
February 02/10/2022 02/18/2022 $0.080000
January 01/05/2022 01/10/2022 $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.
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.
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 a portfolio is leveraged, the value of its securities may be more volatile and all other risks may be compounded.
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. Price changes may be short- or long-term. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio's manager(s) to invest the portfolio's 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.

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 3, 2022
November 18, 2021
November 5, 2021
October 4, 2021
September 2, 2021
August 3, 2021
July 2, 2021
June 3, 2021
May 20, 2021
May 4, 2021

Holdings

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

Section 19a Notices

May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020

News Releases/Communications

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

Virtus Closed End Funds Audit Committee Charter
Governance and Nominating Committee Charter
Procedures for Complaints Regarding Accounting, Internal Accounting Controls or Auditing Matters

Financial Materials

VGI Annual Report
VGI Semiannual Report
2021 VGI Tax Information