Newfleet Asset Management

David Albrycht is president and chief investment officer of Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Albrycht is the senior portfolio manager of several multi-sector fixed income strategies, some dating back to the early 1990s.

In his role as CIO, Mr. Albrycht drives top-down strategy for Newfleet’s investment platform, which includes multi-sector and dedicated sector strategies for high yield and bank loans. In addition to managing mutual funds and variable investment options in these strategies, Mr. Albrycht is co-manager of two closed-end funds, Virtus Total Return Fund Inc. (NYSE: ZTR) and Virtus Global Multi-Sector Income Fund (NYSE: VGI). He also is co-manager of four exchange traded funds, AdvisorShares Newfleet Multi-Sector Income ETF (NYSE: MINC), Virtus Newfleet Multi-Sector Bond ETF (NYSE: NFLT), Virtus Newfleet High Yield Bond ETF (NYSE: BLHY), and Virtus Newfleet ABS/MBS ETF (NYSE: VABS), and two offshore funds, the Virtus GF Multi-Sector Short Duration Bond Fund and the Virtus GF Multi-Sector Income Fund. Additionally, Mr. Albrycht is responsible for the structuring and management of Newfleet’s CLO platform.

Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former investment management subsidiary of Newfleet’s parent, Virtus Investment Partners. Prior to that role, Mr. Albrycht was director of credit research at Goodwin’s predecessor, Phoenix Investment Counsel (PIC). In addition, he managed the Phoenix MISTIC CDO, a $1 billion multi-sector collateralized debt obligation, for which he was responsible for credit analysis and deal structure. He joined the PIC multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1985.

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Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC (“VFIA”), an SEC registered investment adviser.

Please consider a Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about any Virtus Fund, contact your financial professional, call 800-243-4361, or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.

Mutual Funds, Virtus Newfleet ETFs, and Virtus Global Funds distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.

Ben Caron is a senior managing director and portfolio manager at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners.

Prior to joining Newfleet in 2011, Mr. Caron was on the fixed income team at Goodwin Capital Advisers, a former Virtus investment management subsidiary. He joined Goodwin Capital in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients. Earlier in his career, he was with Fidelity Investments, where he was responsible for client management and sales in the managed account group.

Mr. Caron earned a B.A. from Syracuse University and an M.B.A. from Suffolk University. He is a Chartered Financial Analyst^® (CFA^®) charterholder. Mr. Caron began his career in the investment industry in 1997.

Kyle Jennings is a senior managing director and the head of credit research at Newfleet Asset Management. Mr. Jennings is also co-portfolio manager of Newfleet’s Floating Rate Bank Loan, High Yield, and Global Multi-Sector Income strategies through a number of subadvisory relationships. Additionally, Mr. Jennings is responsible for the structuring and management of Newfleet’s CLO platform.

Mr. Jennings is a member of Newfleet’s corporate credit research team and currently covers the healthcare and pharmaceuticals industries within the leveraged finance markets. He is also a member of the team that formulates the leveraged finance strategy for the multi-sector fixed income strategies.

Prior to joining Newfleet in 2011, Mr. Jennings was on the fixed income team at Goodwin Capital Advisers, joining the predecessor, Phoenix Investment Counsel, in 1998. Before that, he was a credit research analyst in the banking industry for Shawmut Bank, Ironwood Capital, and Citizens Bank.

Mr. Jennings earned a B.S. in finance from the University of Connecticut and is a Chartered Financial Analyst® (CFA®) charterholder. He began his career in the investment industry in 1992.

Frank Ossino is senior managing director, senior portfolio manager, and sector head of the bank loan asset class at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Additionally, Mr. Ossino is responsible for the structuring and management of Newfleet’s CLO platform.

From 2004 to 2011, Mr. Ossino was a portfolio manager at Hartford Investment Management Company and in 2012, he managed mutual funds focused on bank loans and a commingled bank loan portfolio for institutional investors at Hartford Funds’ subadviser Wellington Management. Previously, he held a variety of credit analyst and portfolio management positions at CIGNA, HVB Bank, and FleetBoston Financial.

Mr. Ossino earned his M.S. in international economics and finance from Brandeis University and Luigi Bocconi University in Milan, Italy and a B.S. in economics, cum laude, from Brandeis University. He began his career in the investment industry in 1996.

Lisa Baribault is a director and portfolio manager at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners.

Prior to joining Newfleet in 2011, Ms. Baribault was a manager of Investment Accounting at Phoenix Life Insurance Company.

Ms. Baribault earned a B.S. in finance from Quinnipiac University and an M.B.A. from Regis University. She began her career in the investment industry in 2003.

Eric Hess is a senior managing director, portfolio manager, and sector head of high yield credit at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. In addition, Mr. Hess is co-portfolio manager of Newfleet’s high yield strategy through a number of subadvisory relationships.

Prior to joining Newfleet in 2011, Mr. Hess served on the fixed income team at Goodwin Capital Advisers, a former Virtus investment management subsidiary. He joined Goodwin Capital’s corporate credit research group in 2010. Previously, he was a credit analyst for The Travelers Companies.

Mr. Hess earned a B.B.A. in finance from the University of Notre Dame. He is a Chartered Financial Analyst® (CFA®) charterholder. Mr. Hess began his career in the investment industry in 2006.

Stephen Hooker is a managing director and portfolio manager at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners.

Mr. Hooker is a member of the multi-sector portfolio management team with primary responsibilities for institutional accounts. He joined Newfleet in 2011 to serve as sector manager for emerging markets, where he was responsible for researching issuers in Europe, the Middle East, and Africa.

From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin Capital Advisers, a former Virtus investment management subsidiary, for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager.

Mr. Hooker earned a B.A. in psychology from Trinity College. He is a Chartered Financial Analyst^® (CFA^®) charterholder. He began his career in the investment industry in 1993.

Daniel Senecal is a managing director and credit analyst at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. He is a sector manager within the emerging markets analyzing both sovereign and corporate debt.

Prior to joining Newfleet in 2011, Mr. Senecal was on the fixed income team at Goodwin Capital Advisers, an investment management company that previously was a subsidiary of Virtus. He began at Goodwin Capital in 1997 as a corporate credit research analyst, followed by several roles, including sector manager for investment grade corporate credit and sovereign credit. He was also lead portfolio manager of the Phoenix High Yield Fund from 2003 until 2005 and Phoenix Emerging Market Fund from 2004 to 2005.

Earlier in his career, Mr. Senecal completed a formal credit training program at Shawmut National Bank where he was a credit research analyst and lender. He also worked at BankBoston as a corporate bond analyst.

Mr. Senecal earned a B.A. in economics and English from Assumption College and an M.B.A. in finance from the University of Connecticut. He is a Chartered Financial Analyst^® (CFA^®) charterholder. He began his career in the investment industry in 1990.

Andrew Szabo is a senior managing director and portfolio manager of securitized products at Newfleet Asset Management.

Mr. Szabo is co-head of the securitized products team, specializing in agency and non-agency residential mortgage-backed securities. Prior to joining Newfleet in 2011, Mr. Szabo held this same role on the fixed income team at Goodwin Capital Advisers. In addition, Mr. Szabo is a co-portfolio manager of a securitized product ETF.

Mr. Szabo began working at Goodwin Capital’s predecessor, Phoenix Investment Counsel, in 1986 and became a member of the multi-sector fixed income team in 1989, starting as a credit analyst for the securitized products sector.

Mr. Szabo earned a B.S. in finance from Central Connecticut State University. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1986.

Nick Rinaldi is a senior managing director and portfolio manager of securitized products at Newfleet Asset Management.

Mr. Rinaldi is co-head of the securitized products team, specializing in asset-backed and commercial mortgage-backed securities. Prior to joining Newfleet in 2011, he held this same role on the fixed income team at Goodwin Capital Advisers. In addition, Mr. Rinaldi is a co-portfolio manager of a securitized product ETF.

Mr. Rinaldi began his career at Goodwin Capital’s predecessor, Phoenix Investment Counsel, in 1992 and joined the multi-sector fixed income team in 1994 as a credit analyst for the securitized products sector, focusing on asset-backed, commercial mortgage-backed, and residential mortgage-backed securities.

Mr. Rinaldi earned a B.S. in finance from Northeastern University and an M.B.A. in finance from the University of Connecticut. He began his career in the investment industry in 1992.

Zachary Szyndlar is a director, portfolio manager, and credit analyst of securitized products at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Szyndlar supports the securitized products team with research on asset-backed securities, commercial mortgage-backed securities, and agency and non-agency residential mortgage-backed securities.

Prior to joining Newfleet in 2014, Mr. Szyndlar was a research consultant at Symmetry Partners, LLC.

Mr. Szyndlar holds a B.S. in accounting from Salve Regina University, and an M.S. in finance from Fairfield University. He is a Chartered Financial Analyst® (CFA®). Mr. Szyndlar began his career in the investment industry in 2013.

Bill Eastwood is a senior managing director, portfolio manager, and head of trading at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Eastwood’s trading responsibilities are primarily for leveraged finance.

Mr. Eastwood joined Newfleet in 2011 as a senior fixed income trader. Prior to joining Newfleet, he served as a senior fixed income trader at several firms, including Neuberger Berman, PPM America, and Phoenix Investment Counsel.

Mr. Eastwood earned a B.S. in finance from Post University, and an M.B.A. from the University of Hartford. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1995.