It should be noted that Treasury Bonds, Core Bonds, Balanced Portfolios, U.S. Stocks, Private Credit, High Yield Bonds, Bank Loans, International High Dividend Equities, Preferred Stock, Global Infrastructure Equities, REITs and Utility Stocks each contain materially different characteristics including risks, expenses, and outcomes not captured by this chart. 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. BDCs: Business development companies bear the risks of their underlying assets, including liquidity, industry, currency, valuation, and credit 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. Dividend Paying Securities: Issuers that have paid regular dividends or distributions may not continue to do so in the future and can fall out of favor with the market, which may cause the portfolio to underperform. Securities with higher dividend yields can be sensitive to interest rate movements: when interest rates rise, the prices of these securities may fall. Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk. 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. Industry/Sector Concentration: Focused investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than those more diversified. Preferred Stock: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Real Estate: The fund may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management.
Yields for the various asset class indexes have material differences including investment objectives, liquidity, safety, fluctuation of principal or return and tax features. Fixed income yields are yield-to-worst, equity yields are current dividend yield. Standard deviation, which measures variability of returns around the average return. Higher standard deviation suggests greater volatility of returns. Correlation is a measure that determines the degree to which two variables’ movements are associated. The correlation coefficient will vary from -1 to +1. A -1 indicates perfect negative correlation and +1 indicates perfect positive correlation.
Please consider a Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about any Virtus Fund, contact your financial representative, call 800-243-4361, or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.
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