Fund Description: Virtus Global Multi-Sector Income Fund is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Virtus Global Multi-Sector Income Fund seeks to generate high current income and total return. FUND STRATEGY: 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 Fund’s Managed 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 Fund’s 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. The Fund’s investments may include Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, including collateralized mortgage obligations, real estate mortgage investment conduits and other pass-through securities; Debt securities issued by foreign governments and their political subdivisions; 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, or if unrated, those that the sub-adviser determines, pursuant to procedures reviewed and approved by the Board of Trustees, are of comparable quality, including short-term securities; and High yield debt instruments, including bank loans (which are generally floating-rate), of U.S. and non-U.S. issuers. FUND MANAGEMENT: Virtus Investment Advisers, Inc. serves as the Fund’s investment adviser. Newfleet Asset Management, LLC, serves as the sub-adviser and manages the Fund’s day-to-day operations.