Virtus Investment Partners, Inc. · NYSE:VRTS
Virtus Investment Partners — Pres GFMSSD UCITS 3146
31 slides from Virtus Investment Partners's investor presentation, Jun 30, 2015
Slide 1: Virtus GF Multi-Sector Short Duration Bond Fund
Virtus GF Multi-Sector Short Duration Bond Fund June 30, 2015
Slide 2: Table of Contents
Table of Contents I. Virtus Investment Partners II. Newfleet Asset Management, LLC III. Virtus GF Multi-Sector Short Duration Bond Fund IV. Appendix NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 2
Slide 3: Important Information
Important Information This Document does not constitute an offer or solicitation to invest in the Funds. The Funds are a sub-fund of Virtus Global Funds plc (the “Company”), a public limited company with variable capital incorporated in Ireland and authorized and regulated by the Central Bank of Ire
Slide 4: Virtus Investment Partners
Virtus Investment Partners Virtus Investment Advisers, Inc. is the Investment Manager and Promoter to Virtus Global Funds, plc. Virtus Global Funds plc is registered in Ireland as an open-end investment company with variable capital, established as an umbrella fund with segregated liability between
Slide 5: Firm Overview
Firm Overview Independent publicly traded asset management company managing $52.4 billion for individuals and institutions through: − Virtus Mutual Funds − Closed-End Funds − Variable Insurance Funds − Separately Managed Accounts − Institutional Accounts − Collective Investment Trusts − Offshore F
Slide 6: Virtus Investment Partners
Virtus Investment Partners Virtus offers an array of distinctive capabilities from our investment partners. * * * * * * * * * * *Virtus Investment Partners retains an ownership interest in the firm. 6 NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS
Slide 7: Newfleet Asset Management
Newfleet Asset Management NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 7
Slide 8: Firm Overview
Firm Overview Location: Hartford, Connecticut, U.S.A. AUM (Billion)*: $12.1 billion in total assets Investment 39 Investment Professionals Professionals: Introduction: Newfleet provides comprehensive fixed income portfolio management, including multi-sector core, core plus, and opportunistic strateg
Slide 9: Investment Team
Investment Team Years of Years with Investment Investment Name Responsibility Experience Team David Albrycht, CFA President, Chief Investment Officer, and Senior Portfolio Manager 30 30 Portfolio Christopher Kelleher, CFA, CPA Senior Portfolio Manager 32 30 Management Benjamin Caron, CFA Portfolio M
Slide 10: Investment Philosophy
Investment Philosophy We believe that active sector rotation and superior security Belief selection, combined with disciplined risk management, is the most effective means of achieving excess returns in the fixed income market Value-driven, research-intensive, opportunistic Strategy Employ activ
Slide 11: Investment Process
Investment Process Step 1 SECTOR ANALYSIS AND ALLOCATION Step 2 SECURITY SELECTION Step 3 PORTFOLIO MANAGEMENT NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 11
Slide 12: Investment Process: Sector Analysis and Allocation
Investment Process Step SECTOR ANALYSIS AND ALLOCATION 1 Employ active management, overweighting and underweighting sectors relative to benchmark to add value U.S. Treasuries GOVERNMENT Agency Securities Corporate Investment-Grade CORPORATE Corporate High-Yield Formal monthly High Yield Bank Loans
Slide 13: Investment Process: Security Selection
Investment Process Step 2 SECURITY SELECTION Corporates (Investment Grade & High Yield) MORE CRITICAL Emerging Markets Non-Agency Mortgage-Backed Residential Commercial Mortgage Backed SECTORS Asset-Backed Securities Issue Selection Agency Mortgage-Backed Tax-Free Municipals Taxable Municipals Agenc
Slide 14: Investment Process: Security Selection (Continued)
Investment Process Step SECURITY SELECTION (Continued) 2 Investment opportunities are carefully screened using fundamental, quantitative, and qualitative credit analysis Initial Screen Focus on Relative Value Capital Structure Analysis Credit Review Meeting NOT FOR SALE IN THE U.S. OR TO U.S. PERSON
Slide 15: Investment Process: Portfolio Management
Investment Process Step 3 PORTFOLIO MANAGEMENT CONSTRUCTION RISK CONTROLS OVERSIGHT Top down sector allocation Duration neutral strategy, Manager review relative to benchmark/target Bottom up issue selection Systematic review Client/Fund specific guidelines Diversification among 14 fix
Slide 16: Virtus GF Multi-Sector Short Duration Bond Fund
Virtus GF Multi-Sector Short Duration Bond Fund NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 16
Slide 17: Portfolio Characteristics
Portfolio Characteristics Sector Allocations Fund (%) Ratings Distribution Fund (%) Corporate - High Yield 20.37 Aaa 22.25 Corporate - High Quality 20.15 Aa 10.45 Non-Agency Commercial MBS 14.32 A 17.73 Asset Backed Securities 13.14 Baa 22.06 Non-Agency Residential MBS 9.24 Ba 19.09 Mortgage Backed
Slide 18: Why Virtus Global Funds Multi-Sector Short Duration Bond Fund?
Why Virtus Global Funds Multi-Sector Short Duration Bond Fund? Multi-sector bond funds typically have a lower correlation with the overall bond market Flexible “go anywhere” strategy allows portfolio team to invest in all sectors of the bond market, based on relative value Access to different
Slide 19: Fund Summary
Fund Summary Sub-Investment Manager Newfleet Asset Management, LLC Investment Objective Fund seeks to provide high current income while attempting to limit changes in the NAV caused by interest rate movements. Investment Strategy Fund will invest at least 80% of its assets in Bonds and will have a
Slide 20: Performance as of June 30, 2015
Performance as of June 30, 2015 MULTI-SECTOR SHORT DURATION COMPOSITE Since YTD 1 Year 3 Year 5 Year 10 Year Inception* Multi-Sector Short Duration Composite (Gross) 2.06% 0.75% 4.02% 5.54% 5.82% 6.22% Multi-Sector Short Duration Composite (Net) 1.82% 0.27% 3.52% 5.04% 5.32% 5.72% Barclays U.S. Inte
Slide 21: Appendix
Appendix NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 21
Slide 22: Virtus Global Funds plc Platform
Virtus Global Funds plc Platform APPENDIX Company Virtus Global Funds plc Sub Funds & Virtus GF Multi-Sector Short Duration Bond—Newfleet Asset Management Sub-Investment Manager Virtus GF U.S. Small Cap Focus Fund—Kayne Anderson Rudnick Investment Manager and Promoter Virtus Investment Advisers,
Slide 23: Fund Comparison
Fund Comparison VIRTUS GLOBAL FUNDS MULTI-SECTOR SHORT DURATION BOND (UCITS) VS. VIRTUS MULTI-SECTOR SHORT-TERM BOND FUND (U.S.) UCITS U.S. UCITS U.S. Sector Allocations (in %) Fund Fund Ratings Distribution (in %) Fund Fund Corporate - High Yield 20.37 15.14 Aaa 22.25 15.47 Corporate - High Quality
Slide 24: Virtus GF Multi-Sector Short Duration Fund
Virtus GF Multi-Sector Short Duration Fund A Shares A Shares C Shares C Shares R Shares R Shares I Shares I Shares (Acc) (Dist) (Acc) (Dist) (Acc) (Dist) (Acc) (Dist) Client Type Retail Retail Retail Retail Retail Retail Institutional Institutional USD USD USD USD USD USD USD USD Currency EUR EUR EU
Slide 25: Biography
Biography David L. Albrycht, CFA President and Chief Investment Officer Newfleet Asset Management, LLC David Albrycht is president and chief investment officer of Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Prior to joining Newfleet in 2011, Mr. Albry
Slide 26: Biography (Continued)
Biography (Continued) DISCLOSURE RELATED TO BARRON’S FUND FAMILIES RANKING Barron’s explanation of how it ranks fund families: To qualify for the Barron’s/Lipper fund survey, a group must have at least three funds in Lipper’s general U.S.-stock category, as well as one in world equity, which combine
Slide 27: Contact Us
Contact Us Lijo “LJ” John, Managing Director, Offshore Distribution Virtus Investment Partners 100 Pearl Street, 9th Floor Hartford, CT 06103 T: 860.263.4971 E: [email protected] Michael Sollicito, Chief Operating Officer and Portfolio Adviser Newfleet Asset Management, LLC 100 Pearl Street, 7th
Slide 28: Important Risk Considerations
Important Risk Considerations Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a security may fail to make payments in a timely manner. Values of debt securities may rise and fall in response to changes in i
Slide 29: Multi-Sector Short Duration Composite
Multi-Sector Short Duration Composite ANNUAL DISCLOSURE PRESENTATION NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 29
Slide 30: Important Information
Important Information This material was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. It is intended for informational purposes only and it is not intended that it be relied on to make any investment decision. It does no
Slide 31: Virtus Global Funds PLC
Virtus Global Funds PLC 3146 (8-15) © 2015 Virtus Investment Partners, Inc. NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS 31