Virtus Total Return Fund is a diversified, closed-end management investment company that seeks total return through a blend of current income and capital appreciation. The fund primarily invests in a combination of convertible securities, high-yield debt instruments and equity securities, including common stocks and convertible preferred shares. Employing an actively managed, multi-asset approach, the fund allocates assets across U.S. and international markets and uses in-house research to identify opportunities in both developed and emerging market issuers. Strategies may incorporate selective use of leverage and derivative instruments to enhance yield and manage risk.
Since its inception, Virtus Total Return Fund has operated under the sponsorship of Virtus Investment Partners, a global asset management firm formed through the merger of Phoenix Investment Advisers and other investment businesses. The adviser’s fixed income and convertible securities groups draw on decades of market experience, combining macroeconomic analysis with bottom-up credit and equity research. Headquartered in Hartford, Connecticut, Virtus Investment Partners oversees the day-to-day portfolio management and risk monitoring, leveraging a network of regional offices to access local market expertise.
Governed by an independent board of trustees, the fund adheres to the Investment Company Act of 1940 and maintains a diversified portfolio in accordance with its 1940 Act requirements. The board provides oversight of investment policies, compliance and shareholder interests, while an experienced management team implements disciplined security selection and portfolio construction. The fund employs a managed distribution policy and typically pays monthly dividends, making it suitable for investors seeking a consistent income stream alongside the potential for capital appreciation.
Available for trading on the New York Stock Exchange under the ticker ZTR, Virtus Total Return Fund serves a broad range of U.S. retail and institutional investors. The fund’s flexible mandate allows it to adjust sector exposures, credit quality profiles and geographic weightings in response to evolving market conditions, providing access to a dynamic mix of fixed income and equity-linked assets designed to navigate various economic environments.
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