Virtus Global Multi-Sector Income Fund:VGI

    Manage Alerts

    Overview

    As of 7/10/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$10.99$11.99-8.34%
    52 Wk Avg$11.94$12.66-5.89%
    52 Wk High$13.99$13.543.71%
    52 Wk Low$6.80$10.05-30.50%
    Regular Distribution TypeManaged Distribution
    Distribution Rate10.92%
    Distribution Amount$0.1000
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal circumstances, the Fund invests at least 80% of its Managed Assets in fixed income securities of U.S. and non-U.S. issuers. Under normal circumstances, the Fund will invest at least 80% of its Managed Assets in issuers located in at least three countries, including the United States. The percentage of the Funds assets invested in issuers located outside the United States will vary over time, but under normal circumstances will constitute no less than 40% and no more than 75% of the Funds Managed Assets. The Fund seeks to maximize current income while preserving capital by applying a time-tested approach and extensive credit research to capitalize on opportunities across undervalued areas of the global bond markets. Under normal circumstances, the Funds investments will include some or all of the following: (i) Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities; (ii) Debt securities issued by foreign governments and their political subdivisions; (iii) Investment grade securities of U.S. and non-U.S. issuers, which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization; (iv) High yield instruments, including bank loans.

    Capital Structure

    As of 7/10/2020

    Total Investment Exposure:$192.538M
    Total Common Assets:$135.538M
    Common Shares Outstanding:11,304,232
    Leverage

    As of 11/30/2018

    Preferred Share Assets:
    Total Debt (USD): $57.000M
    Regulatory Leverage (USD): $57.000M
    Effective Leverage (USD): $57.000M
    Effective Leverage (%): 29.60%
    Annual Expense Ratios

    As of 11/30/2019

      Per Common Share
    Management Fees1.31%
    Other Expenses:-0.45%
    Baseline Expense: N/A
    Interest Expense:1.27%
    Total: 2.13%
    Fund Management

    Fund Sponsor
    Virtus Investment Partners Inc

    Portfolio Managers
    Kyle A. Jennings, Benjamin L. Caron, Daniel P. Senecal, Warun Kumar, David L. Albrycht

    Basics
    Category: Fixed Income - Taxable-Multi-Sector
    Ticker: VGI
    NAV Ticker: XVGIX
    Average Daily Volume (shares): 71,227
    Average Daily Volume (USD): $0.838M
    Inception Date: 2/24/2012
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 7/10/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2019
    $0.2719
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    10.01%
    Total Return on NAV (12 months):
    As of 7/10/2020
    -0.32%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    5.22%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    29.60%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-7.53%
    1 Year-5.89%
    3 Year-4.56%
    5 Year-6.67%
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month0.44
    6 Month-0.15
    1 Year-0.57
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Multi-Sector

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-5.06%-4.27%-10.77%-7.51%
    201927.30%16.27%20.20%12.36%
    2018-28.46%-16.32%-2.48%-0.11%
    201727.66%14.03%15.45%15.37%
    201623.23%15.58%18.87%13.10%
    20151.74%0.92%-0.90%1.45%
    20143.00%3.78%9.02%9.41%
    2013-2.54%1.24%3.03%7.45%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2020
    Category: Morningstar US CEF Multi-Sector

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/10/2020
    5.22%
    Average Maturity:
    As of 2/29/2020
    8.38 yrs
    Number of Holdings:
    As of 2/29/2020
    408
    Annual Portfolio Turnover:
    As of 11/30/2019
    45.00%
    Average Bond Price:
    As of 2/29/2020
    $107.24
    Asset Allocation

    As of 2/29/2020 reported by Fund Sponsor

    Top Sectors

    As of 2/29/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)54.99%
    Corporate Bond43.74%
    Government (Super Sector)23.67%
    Securitized (Super Sector)20.58%
    Government18.34%
    Asset Backed12.35%
    Bank Loan8.65%
    Non Agency Residential Mortgage Backed5.35%
    Government Related5.34%
    Convertible1.91%
    State Allocation

    As of 2/29/2020 reported by Fund Sponsor

    State% Portfolio
    Illinois0.48%
    California0.47%
    Top Holdings

    As of 2/29/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Bonds 2.88%$6.83M3.39%
    Russian Federation 5.62%$2.38M1.18%
    PT Pertamina (Persero) 6.45%$2.27M1.13%
    Ukraine (Republic of) 7.38%$2.13M1.06%
    Spxw Us 03/02/20 P3170$1.77M0.88%
    Dominican Republic 6.85%$1.71M0.85%
    Spxw Us 03/04/20 P3185$1.66M0.83%
    Office Cherifien des Phosphates 5.62%$1.66M0.83%
    Spxw Us 03/04/20 P3240$-2.21M-1.10%
    Spxw Us 03/02/20 P3220$-2.33M-1.16%
    Maturity Breakdown

    As of 2/29/2020 reported by Fund Sponsor

    Country Allocation

    As of 2/29/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income45.49%
    Others - Fixed Income14.08%
    Mexico - Fixed Income6.07%
    Indonesia - Fixed Income3.17%
    Brazil - Fixed Income3.01%
    Turkey - Fixed Income2.18%
    Chile - Fixed Income2.02%
    Canada - Fixed Income1.87%
    Colombia - Fixed Income1.79%
    China - Fixed Income1.76%
    South Africa - Fixed Income1.73%
    Peru - Fixed Income1.70%
    Russia - Fixed Income1.39%
    Ireland - Fixed Income0.59%
    Norway - Fixed Income0.33%
    Switzerland - Fixed Income0.32%
    United Kingdom - Fixed Income0.30%
    Australia - Fixed Income0.25%
    Venezuela - Fixed Income0.19%
    India - Fixed Income0.19%
    Israel - Fixed Income0.16%
    France - Fixed Income0.10%
    Canada - Equity0.02%
    Netherlands - Fixed Income0.01%
    United States - Equity0.01%
    Italy - Fixed Income0.00%
    Germany - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Sweden - Fixed Income0.00%
    Finland - Fixed Income0.00%
    Greece - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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