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

Fact Sheet

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
Related Literature

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

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.

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. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.

Prospectus: For additional information on risks, please see the fund's 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 L. Albrycht, CFA

President and Chief Investment Officer

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

David Albrycht is president and chief investment officer of Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Albrycht is the senior portfolio manager of several multi-sector fixed income strategies, some dating back to the early 1990s.

In his role as CIO, Mr. Albrycht drives top-down strategy for Newfleet’s investment platform, which includes multi-sector and dedicated sector strategies for high yield and bank loans. In addition to managing mutual funds and variable investment options in these strategies, Mr. Albrycht is co-manager of two closed-end funds, Virtus Total Return Fund Inc. (NYSE: ZTR) and Virtus Global Multi-Sector Income Fund (NYSE: VGI). He also is co-manager of four exchange traded funds, Virtus Newfleet Multi-Sector Bond ETF (NYSE: NFLT), Virtus Newfleet Short Duration Core Plus Bond ETF (NYSE: SDCP), Virtus Newfleet High Yield Bond ETF (NYSE: BLHY), and Virtus Newfleet ABS/MBS ETF (NYSE: VABS), and two offshore funds, the Virtus GF Multi-Sector Short Duration Bond Fund and the Virtus GF Multi-Sector Income Fund. Additionally, Mr. Albrycht is responsible for the structuring and management of Newfleet’s CLO platform.

Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former investment management subsidiary of Newfleet’s parent, Virtus Investment Partners. Prior to that role, Mr. Albrycht was director of credit research at Goodwin’s predecessor, Phoenix Investment Counsel (PIC). In addition, he managed the Phoenix MISTIC CDO, a $1 billion multi-sector collateralized debt obligation, for which he was responsible for credit analysis and deal structure. He joined the PIC multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1985.

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

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 professional, call 800-243-4361, or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.

Mutual Funds, Virtus Newfleet ETFs, and Virtus Global Funds distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.

Related Literature

Marketing Materials

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

Fund Resources

Virtus Global Funds UCITS Daily NAV Report	Email Download
Virtus Global Funds Codes & Fee Schedule	Email Download
2023 GF Multi-Sector Income Fund Distribution Calendar	Email Download
Virtus GF Multi-Sector Income Fund Performance Report	Email Download
Virtus Global Funds Distribution Contact Info	Email Download
2023 Virtus Global Funds Holiday Calendar	Email Download
2024 Virtus Global Funds Holiday Calendar	Email Download
2024 Virtus Global Funds Distribution Calendar	Email Download
UCITS Fund Summaries	Email Download
Morningstar - Quarterly Ratings - Virtus Global Funds	Email Download
The Case for Multi-Sector Fixed Income Investing Remains Strong in the Current Environment - UCITS	Email Download
Is It Time to Start Adding Duration?	Email Download
Virtus Global Funds plc Application Form	Email Download
Virtus Global Funds plc Additional Subscription Form	Email Download
Virtus Global Funds plc Redemption Form	Email Download
Virtus Global Funds Shareholder Engagement Policy	Email Download
Virtus Global Funds Privacy Notice	Email Download
Virtus Global Funds Cookie Policy	Email Download

Regulatory Documents

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

Holdings

Virtus GF Multi-Sector Income Fund Quarterly Holdings

Email Download

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

Virtus GF Multi-Sector Income Fund

Product Overview

Investment Partner

Newfleet Asset Management

Investment Overview

Risk Considerations

Fund Codes

Process

Step 1:Sector Analysis & Allocation

Step 2:Issue Selection

Step 3:Portfolio Construction, Oversight, and Risk Management

Investment Professional

David L. Albrycht, CFA

Related Literature

Marketing Materials

Fund Resources

Regulatory Documents

Holdings

Step 1:
Sector Analysis & Allocation

Step 2:
Issue Selection

Step 3:
Portfolio Construction, Oversight, and Risk Management