Virtus Global Multi-Sector Income Fund

Frequently Asked Questions About VGI

What does VGI invest in?

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is co-managed by Virtus Investment Advisers, Inc. and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds. It invests in securities with average duration which varies within three years (plus or minus) of the duration of the Barclays Global Aggregate Bond Index. The fund employs fundamental analysis with a top-down and bottom-up stock picking approach while focusing on factors such as yield and spreads, supply and demand, investment environment, sector fundamentals, assessment of credit risk, company management, issue structure, technical market conditions, and valuations to create its portfolio. It seeks to benchmark the performance of its portfolio against the Barclays Global Aggregate Bond Index. The fund was formerly known as Virtus-Newfleet Global Multi-Sector Income Fund. Virtus Global Multi-Sector Income Fund was formed on February 23, 2012 and is domiciled in the United States.

What is the expense ratio of VGI?

Virtus Global Multi-Sector Income Fund (VGI) charges an expense ratio of 3.98%. This is the annual fee deducted from fund assets to cover management and operations.

What is VGI's dividend yield?

VGI's trailing-twelve-month yield is 13.26%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of VGI?

Effective duration measures VGI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VGI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of VGI?

VGI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of VGI?

Yield to maturity (YTM) is the total return you'd earn from VGI if every bond in the portfolio is held to maturity at the current price. VGI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.