Virtus Global Multi-Sector Income Fund
VGI
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- Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across major domestic and international fixed-income sectors; its portfolio employs extensive credit research to capitalize on opportunities in undervalued sectors of the global bond markets, with global diversification among 14 sectors including emerging market sovereign debt, investment grade corporates, high yield corporates, mortgage-backed securities, asset-backed securities, bank loans, U.S. Treasuries, emerging market corporates, non-agency residential and commercial MBS, and emerging market local currency debt. The fund utilizes leverage through borrowed debt, targeting approximately 29% effective leverage as of late 2025, with total managed assets of $133 million and net assets of $93.8 million; it is actively managed by Newfleet Asset Management, a division of Virtus Fixed Income Advisers, LLC, with a portfolio management team led by David L. Albrycht, CFA (President and CIO), Benjamin Caron, CFA, Kyle A. Jennings, CFA (Head of Credit Research), and Daniel P. Senecal, CFA, all since 2012. Launched via an initial public offering in February 2012 that raised $215 million (with potential overallotment to $247 million), the fund trades on the New York Stock Exchange and is advised by Virtus Investment Advisers, LLC, an affiliate of Virtus Investment Partners, Inc. (NYSE: VRTS), headquartered in Hartford, Connecticut; it was formerly known as Virtus-Newfleet Global Multi-Sector Income Fund and operates without a managed distribution plan since November 2021, maintaining a consistent monthly distribution of $0.08 per share. Geographically, the fund invests across issuers in at least three countries including the United States, with significant exposure to emerging markets; it targets long-term investors seeking high current income with moderate volatility, benchmarking against the Bloomberg Global Aggregate Bond Index. In recent developments, Virtus Investment Partners completed the acquisition of a 35% strategic minority interest in Crescent Cove Advisors in December 2025, broadening its offerings with private markets lending capabilities focused on high-growth technology companies; the fund continues regular monthly distribution announcements, including for December 2025, amid ongoing shareholder meetings such as the joint annual meeting results announced in June 2025.