Snapshot: VGI

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VIRTUS GLOBAL MULTI-SECTOR INCOME FUND

8.41up0.07 (0.8393%)

 as of 1:15:58pm ET 07/07/2022

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid/Size 8.40/7
Ask/Size 8.42/2
Open 8.39
High 8.47
Low 8.39
Previous Close
AS OF 07/06/2022
8.34
Price Performance (Last 52 Wk) -30.03%
Volume 18,147
Volume (90-Day Average) 41,019
NAV (Daily) --
Bid/Ask Midpoint (Previous Day) --
Premium / Discount (1 Month Average)^
as of 06/30/2022
-10.90%
NAV
as of 07/06/2022
9.27
NAV Update Frequency --
Options No
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Security Type

Closed End Fund

Asset Class

Taxable Bond

Morningstar Category

Multisector Bond

Prospectus Objective

Income

Net Assets
AS OF 06/30/2022

$104.9M

Net Expense Ratio
AS OF 11/30/2020

1.74%

Sponsor

Virtus Investment Partners Inc

Inception Date

02/23/2012

Financial Year-End

November 30, 2020

Benchmark Index

Multisector Bond

Legal Structure

Closed End Fund

Total Holdings
AS OF 02/28/2022

491

Investment Objective Summary

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.

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Analyst Ratings

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Key Statistics

Bond Holdings Valuation AS OF 02/28/2022

Average Duration 5
Average Maturity 8
Average Coupon % 4.85%

Distributions as of 07/06/2022

Total Distribution Rate (Market Price) 11.51%
Total Distribution Rate (NAV) 10.36%
See all Key Stats

Compare

VGI
VIRTUS GLOBAL MULTI-SECTOR INCOME
Asset Class Median
Market Capitalization
AS OF 02/28/2022
176.3M 494.1M
Volume (10-Day Avg)
AS OF 07/06/2022
31.1K 84.6M
YTD Market Price Total Return
AS OF 06/30/2022
-22.19% -19.47%
1 Month Market Price Total Return
AS OF 06/30/2022
-5.59% -5.10%
1 Year Market Price Total Return
AS OF 06/30/2022
-24.26% -18.77%
1 Year NAV Total Return
AS OF 06/30/2022
-17.65% -13.53%
3 Year Annualized Market Price Total Return
AS OF 06/30/2022
-3.67% -18.77%
Beta (Market Price 1 Yr)
AS OF 06/30/2022
1.03 0.78
Annual Turnover Ratio
AS OF 11/30/2020
75.00% 49.00%
Net Expense Ratio
AS OF 11/30/2020
2.24% 1.90%
Total Expense Ratio (Adjusted)
AS OF 11/30/2020
1.74% 1.75%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 06/30/2022

Premium Chart
Date Average
06/2022 -10.90%
05/2022 -11.35%
04/2022 -11.91%
03/2022 -7.72%
02/2022 -8.99%
01/2022 -6.68%
12/2021 -5.02%
11/2021 -0.94%
10/2021 -0.67%
09/2021 -2.08%
08/2021 -3.03%
07/2021 -2.69%
Quarter-End Average Annual Total ReturnsAS OF 06/30/2022
NAV Return Market Return
1 Year -17.65% -24.26%
3 Year -2.62% -3.67%
5 Year -1.81% -3.43%
10 Year +3.08% +3.12%
Life +2.97% --
Life as of inception date: 02/23/2012       Gross Expense Ratio: 2.24

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 02/28/2022

DGCXX Dreyfus Government Cash Mgmt Instl 1.84%
United States Treasury Bonds 1.25% 1.48%
EMB iShares JP Morgan USD Em Mkts Bd ETF 1.23%
Petroleos Mexicanos 6.5% 1.01%
Oman (Sultanate Of) 7.375% 0.99%
OCP SA 5.625% 0.88%
Indonesia (Republic of) 2.85% 0.87%
Transportadora de Gas del Peru S.A. 4.25% 0.79%
Petroleos Mexicanos 6.375% 0.79%
Dubai (Government Of) 5.25% 0.77%
Assets in Top 10 Holdings10.65%

Credit Quality  AS OF 02/28/2022

Type % Bonds
AAA 7.12
AA 4.39
A 8.23
BBB 28.45
BB 21.11
B 21.71
Below B 4.43
Not Rated 4.56

Maturity  AS OF 02/28/2022

% Bonds
10 to 15 Years 7.06
15 to 20 Years 2.54
1 to 3 Years 7.94
20 to 30 Years 14.92
3 to 5 Years 21.03
5 to 7 Years 21.63
7 to 10 Years 19.90
Over 30 Years 3.71
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. All performance data is for the common shares of the fund. Total distribution rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.

^Premium/Discount to NAV represents the percentage by which the funds market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

© 2011 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.