Virtus GF Select High Yield Fund
Seix Investment Advisors
Seix Investment Advisors is an investment management boutique focused exclusively on managing fixed income securities since 1992. 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 KIID before making any final investment decisions.
- 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
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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
High yield bonds may offer minimal correlation to investment grade fixed income sectors and only modest correlation to equities
Strict focus on bottom-up credit research, controls around portfolio construction, sell discipline, and trading strategy in an effort to mitigate downside exposure
Managing Director, Senior Portfolio Manager
Industry start date: 1991
Start date as fund Portfolio Manager: 2018
Michael Kirkpatrick is a managing director and senior portfolio manager at Seix Investment Advisors, an affiliated manager of Virtus Investment Partners. He is also a member of the Seix Investment Policy Group, which determines Seix’s asset allocation policy.
Prior to joining Seix in 2002, Mr. Kirkpatrick was a senior analyst with Oppenheimer Funds, Inc., covering the telecommunications and cable industries. He was previously vice president and co-head of research at BNY Capital Markets, Inc., where he held responsibility for the telecommunications and consumer-related industries. Prior to that, he was at Mendham Capital Group as a managing partner in high yield research where he focused on consumer-related industries.
Mr. Kirkpatrick earned a B.S. in civil engineering from the University of Delaware School of Engineering and an M.B.A. from Rutgers University. He has worked in investment management since 1991.
James FitzPatrick, CFA
Managing Director, Head of Leveraged Finance Trading, Portfolio Manager
Industry start date: 1996
Start date as fund Portfolio Manager: 2018
James FitzPatrick is a managing director, head of leveraged finance trading, and a high yield portfolio manager at Seix Investment Advisors, an affiliated manager of Virtus Investment Partners.
Mr. FitzPatrick joined Seix in 1997 with a background in fixed income analysis and trading, and served as an analyst, co-portfolio manager, and head trader in the mortgage-backed securities group. In 2002, he joined the firm’s high yield group as a trader and was later named head of the high yield trading team. Before joining Seix, Mr. FitzPatrick was with Prudential Securities, where he handled corporate, government, and mortgage trades as well as settlement and portfolio administration.
Mr. FitzPatrick earned a B.A. in marketing from the University of Delaware. He holds the Chartered Financial Analyst® (CFA®) designation. Mr. FitzPatrick has worked in investment management since 1996.