Virtus GF Select High Yield Fund
Virtus GF Select High Yield Fund
Investment Partner
Seix Investment Advisors
Seix Investment Advisors is a specialty fixed income manager providing investment grade and leveraged finance capabilities that can serve as the core of a fixed income allocation or as a dynamic complement to an existing portfolio. Seix seeks to generate competitive absolute and relative risk-adjusted returns over the full market cycle through a bottom-up focused, top-down aware process. Seix employs multi-dimensional approaches based on strict portfolio construction methodology, sell disciplines and trading strategies with prudent risk management as a cornerstone.
Seix Investment Advisors is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.
Learn more about Seix Investment Advisors
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 strategy seeks high current income and total return by investing primarily in high yield corporate bonds and other U.S. dollar denominated debt instruments of U.S. and non-U.S. issuers, with up to 100% of assets invested in securities rated below investment grade.
- A sound, transparent, and repeatable process leverages competitive advantages and aims to capture upside potential while limiting downside risk.
- Investors invest in shares of the Fund. The Fund is suitable for long-term investors able to withstand investment risks associated with investing in below investment grade bonds while seeking high current income and the opportunity for capital appreciation to produce a high total return. Investors should be prepared to accept a moderate level of volatility.
- The Fund is actively managed. The Fund uses the ICE BofA US High Yield Cash Pay 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
Fund Codes
| Share Class | ISIN | Currency | Bloomberg |
|---|---|---|---|
| A Shares Accumulating | IE00BF5J4483 | USD | VGSHYAA |
| A Shares Distributing | IE00BF5J4590 | USD | VGSHYAD |
| C Shares Accumulating | IE00BF5J4B55 | USD | VGSHYCA |
| C Shares Distributing | IE00BF5J4C62 | USD | VGSHYCD |
| I Shares Accumulating | IE00BF5J4J32 | USD | VGSHYIA |
| I Shares Distributing | IE00BF5J4K47 | USD | VGSHYID |
| R Shares Accumulating | IE00BF5J4Q09 | USD | VGSHYRA |
| R Shares Distributing | IE00BF5J4R16 | USD | VGSHYRD |
Key Features
Higher Quality High Yield
Emphasizes BB- and B-rated corporate bonds; seeks to invest in the most undervalued credits in the non-investment-grade space with solid fundamentals, as identified through extensive bottom-up credit research
Diversification
High yield bonds may offer minimal correlation to investment grade fixed income sectors and only modest correlation to equities
Risk Management
Strict focus on bottom-up credit research, controls around portfolio construction, sell discipline, and trading strategy in an effort to mitigate downside exposure
Investment Professionals
Michael Kirkpatrick
Managing Director, Senior Portfolio Manager
Industry start date: 1991
Start date as fund Portfolio Manager: 2018
James FitzPatrick, CFA
Managing Director, Head of Leveraged Finance Trading, Portfolio Manager
Industry start date: 1996
Start date as fund Portfolio Manager: 2018
Marketing Materials
| Morningstar - Quarterly Ratings - Virtus Global Funds | |
| High Yield Spread Widening: Waiting for Godot | |
| Virtus Global Funds plc Redemption Form | |
| Virtus Global Funds plc Application Form | |
| Virtus Global Funds plc Additional Subscription Form | |
| Virtus Global Funds Shareholder Engagement Policy | |
| Virtus Global Funds Privacy Notice | |
| Virtus Global Funds Cookie Policy |
Fund Resources
| Virtus Global Funds UCITS Daily NAV Report | |
| 2024 GF Select High Yield Fund Distribution Calendar | |
| 2024 Virtus Global Funds Distribution Calendar | |
| Virtus GF Select High Yield Fund Performance Report | |
| Virtus International Investor Contact Information | |
| Virtus U.S. Offshore Contact Information | |
| Virtus Global Funds Sustainable Risk Policy | |
| Virtus Global Funds Codes & Fee Schedule | |
| 2024 Virtus Global Funds Holiday Calendar |
Regulatory Documents
| Virtus GF Select High Yield Fund Supplement | |
| Virtus Global Funds PLC UK Country Supplement |
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