Virtus GF Multi-Sector Income Fund

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UCITS Fixed Income Multi-Sector

Virtus GF Multi-Sector Income Fund

Domicile
Ireland
Valuation
Daily
Inception Date
(Class I Acc.)
12/18/17
Total Expense Ratio
(Class I)
0.80%1
UCITS
Yes
Base Currency
USD
Convenience Pricing
EUR, GBP
Index
Bloomberg U.S. Aggregate Bond Index
1 The Investment Manager has currently voluntarily undertaken to limit the aggregate annual ordinary expenses of the Fund’s Class I shares to 0.80%. The Investment Manager may terminate or modify this undertaking at any time at its sole discretion upon advance notice to the Fund’s shareholders.

Product Overview

Investment Partner

Newfleet Asset Management

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.

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


Learn more about Newfleet Asset Management

This is a marketing communication. Please refer to the prospectus of the UCITS and to the PRIIPS KID/KIID before making any final investment decisions.

Investment 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 bond market. The portfolio seeks diversification among 14 sectors in order to potentially increase return and manage risk.
  • A team of investment professionals provides significant research depth across all bond market sectors.

  • Investors invest in shares of the Fund. The Fund is suitable for long-term investors seeking high current income and who are prepared to accept a moderate level of volatility.
  • The Fund is actively managed. The Fund uses the Bloomberg U.S. Aggregate Bond Index as a comparator benchmark but not to constrain portfolio composition or as a target for performance.

This fund is registered in the following country: the UK

Risk Considerations

Liquidity: Certain instruments may be difficult or impossible to sell at a time and price beneficial to the portfolio, which could impact the ability to meet redemption requests upon demand.
Credit Risk: If the issuer of a debt instrument fails to pay interest or principal in a timely manner, or negative perceptions exist in the market of the issuer's ability to make such payments, the price of the security may decline.
Contractual Obligations: A party with whom the Fund contracts for securities may fail to meet its obligations or become bankrupt which may expose the Fund to a financial loss.
Interest Rate: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities.
Market Volatility: The value of 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.
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.
U.S. Government Securities: U.S. government securities may be subject to price fluctuations. An agency may default on an obligation not backed by the United States. Any guarantee on U.S. government securities does not apply to the value of the portfolio's shares.
Emerging Markets Risk: Investment in emerging markets may expose the Fund to more social, political, regulatory, and currency risks than securities in developed markets.
Operational Risk: Material losses to the Fund may arise as a result of human error, system and/or process failures, inadequate procedures or controls.
Prospectus: For more information in relation to these and other risks, please refer to the 'Characteristics and Risks of Securities and Investment Techniques' section of the prospectus.

Fund Codes

Share Class ISIN Currency Bloomberg
A Shares Accumulating IE00BF41FJ72 USD VGMSIAA
A Shares Distributing IE00BF41FK87 USD VGMSIAD
C Shares Accumulating IE00BF41FQ40 USD VGMSICA
C Shares Distributing IE00BF41FR56 USD VGMSICD
I Shares Accumulating IE00BF41FX17 USD VGMSIIA
I Shares Distributing IE00BF41FY24 USD VGMSIID
R Shares Accumulating IE00BF41G388 USD VGMSIRA
R Shares Distributing IE00BF41G495 USD VGMSIRD

Process


Step 1:
Sector Analysis & Allocation

> Top down, relative value approach

> Relative value analysis looks at:

– yield and spreads
– supply and demand
– investment environment
– sector fundamentals


Step 2:

Issue Selection

> Bottom up, fundamental research driven

> Fundamental analysis includes assessment of:

– credit risk
– company management
– issue structure
– technical market conditions
– focus on valuations

Step 3:
Portfolio Construction, Oversight, and Risk Management

> Duration neutral strategy
> Sector concentration
> Issuer exposure
> Non-U.S. exposure
> Manager review
> Systematic review

Investment Professional

David Albrycht - 400x400

David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985
Start date as fund Portfolio Manager: 2017

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Related Literature

Marketing Materials

Virtus GF Multi-Sector Income Fund Fact Sheet
Virtus GF Multi-Sector Income Fund Fact Sheet - Spanish
Virtus GF Multi-Sector Income Fund Commentary
Is It Time to Start Adding Duration?
Virtus GF Multi-Sector Fixed Income Management Presentation

Fund Resources

Virtus Global Funds UCITS Daily NAV Report
2024 GF Multi-Sector Income Fund Distribution Calendar
Virtus GF Multi-Sector Income Fund Performance Report
Virtus Global Funds Codes & Fee Schedule
Virtus Global Funds Distribution Contact Info
2024 Virtus Global Funds Holiday Calendar
2024 Virtus Global Funds Distribution Calendar
Morningstar - Quarterly Ratings - Virtus Global Funds
The Case for Multi-Sector Fixed Income Investing Remains Strong in the Current Environment - UCITS
Is It Time to Start Adding Duration?
Virtus Global Funds plc Additional Subscription Form
Virtus Global Funds plc Redemption Form
Virtus Global Funds plc Application Form
Virtus Global Funds Shareholder Engagement Policy
Virtus Global Funds Cookie Policy
Virtus Global Funds Privacy Notice

Regulatory Documents

Virtus Global Funds plc Prospectus
Virtus GF Multi-Sector Income Fund Supplement
Virtus Global Funds PLC UK Country Supplement
Virtus Global Funds plc Semiannual Report
Virtus Global Funds plc Annual Report
Virtus Global Funds Consolidated Prospectus - Germany

Holdings

Virtus GF Multi-Sector Income Fund Quarterly Holdings

The Virtus Global Funds (the “Funds”) are comprised of an open-ended investment company and an open-ended Irish collective asset-management vehicle, each of which is structured as an umbrella fund with segregated liability between sub-funds and each of which is authorised, formed and regulated under the laws of Ireland as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The offering of the shares of the Virtus Global Funds is restricted in many jurisdictions and investors must inform themselves of and observe applicable restrictions in their jurisdiction.  The Funds are distributed by VP Distributors, LLC, One Financial Plaza, Hartford, CT  06103, USA.  The Funds’ current prospectuses and PRIIPS KID/KIID contain more information as well as the risks of investing and may be obtained free of charge from BNY Mellon Fund Services (Ireland) Designated Activity Company, Wexford Business Park, Rochestown, Drinagh, Wexford Y35 VY03 Ireland Phone: (+353 21) 438 00 99, or by visiting www.virtusglobalfunds.com.  The Funds have not been registered under the United States Investment Company Act of 1940, as amended, or the United States Securities Act of 1933, as amended, and are not available for sale in the U.S. or to U.S. Persons.  Please see the Funds’ prospectus for a definition of U.S. Person.

NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS