Virtus Investment Partners : Three Virtus Funds Named 2021 IBD Best Mutual Funds

News Release

Three Virtus Funds Named 2021 IBD Best Mutual Funds

Funds managed by AllianzGI, Kayne Anderson Rudnick, and

Zevenbergen honored for top performance

HARTFORD, CT, March 30, 2021 - Virtus Investment Partners(NASDAQ: VRTS), which operates a multi-boutique asset management business, announced that three of its mutual funds have been honored as Investor's Business Daily (IBD) Best Mutual Funds of 2021 for beating the broad market and surpassing their respective benchmarks over the last one-,three-,five-, and 10-year periods.

Recognized for their performance through December 31, 2020 are:

• Virtus KARSmall-CapGrowth Fund(PXSGX) andVirtus AllianzGI Convertible Fund(ANNPX) received first place honors in the Best Small Cap and Best U.S. Taxable Bond Fund categories, respectively.
• Virtus Zevenbergen Innovative Growth Stock Fund(SAGAX) received third place honors in the Best Large Cap Funds category.
• The Virtus KAR Small-Cap Growth and Virtus Zevenbergen Innovative Growth Stock funds also received fourth and fifth place honors, respectively, in both the Best Growth Funds and Best U.S. Diversified Stock Funds categories.

"We are pleased to earn recognition from IBD for funds that represent a diverse set of strategies and investment approaches from three distinctive managers," said Barry Mandinach, executive vice president and head of distribution at Virtus. "The IBD Fund awards recognize the ability of experienced investment teams at Allianz Global Investors (AllianzGI), Kayne Anderson Rudnick (KAR), and Zevenbergen Capital Investments to successfully deliver exceptional, long-term performance for our clients."

Virtus AllianzGI Convertible Fund is managed by Douglas Forsyth, CFA and Justin Kass, CFA of AllianzGI. Virtus KAR Small-Cap Growth Fund is managed by Todd Beiley, CFA and Jon Christensen, CFA of KAR. Virtus Zevenbergen Innovative Growth Stock Fund is managed by Nancy Zevenbergen, CFA, CIC, Brooke de Boutray, CFA, CIC, Joseph Dennison, CFA, Leslie Tubbs, CFA, CIC, and Anthony Zackery, CFA.

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

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About Investor's Business Daily's Best Mutual Funds Awards

This year's winners were drawn from 3,368 mutual funds in operation for at least 10 years. IBD's data-driven list showcases a variety of top-performing mutual funds across the major categories that investors consider for broad market exposure or more narrow objectives. IBD then screens for those funds that beat their benchmark indexes in the four time periods ended December 31, 2020, and lists the top five funds in each category. The 2021 list spans 13 categories and subcategories of funds, including the six subcategories of U.S. Diversified Stock Funds: Growth Funds, Blend Funds, Value Funds, Large-Cap Funds, Mid-Cap Funds, and Small-Cap Funds. Consistent with the last three years, no Value Funds made the 2021 list.

About Allianz Global Investors

Allianz Global Investorsis a leading active asset manager with more than 750 investment professionals in 25 offices worldwide and managing assets for individuals, families and institutions. The investment teams have extensive experience managing closed-end funds and a differentiated, multi-asset approach based on fundamental research designed to dynamically allocate across convertible securities and equities.

About Kayne Anderson Rudnick

Kayne Anderson Rudnick,an affiliated manager of Virtus Investment Partners, is an investment and wealth advisory firm whose unique approach is applied to an array of investment solutions, including small-cap (domestic, international, and emerging markets), small-mid cap, mid-cap, large- cap, all cap, and global yield strategies. Based in Los Angeles, the firm had $51.7 billion in assets under management as of December 31, 2020. With more than 30 years of experience, KAR manages assets in open- and closed-end mutual funds and separate accounts for corporations, endowments, foundations, public entities, and high net worth individuals.

About Zevenbergen Capital Investments

Zevenbergen Capital Investments LLCis a growth equity boutique founded by Nancy Zevenbergen, president and CIO. The investment team applies rigorous fundamental research to build exclusively high-growth portfolios.

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

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About Virtus Investment Partners, Inc.

Virtus Investment Partners(NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. In addition to Kayne Anderson Rudnick

Investment Management, its affiliated managers includeCeredex Value Advisors,Duff & Phelps Investment Management,Newfleet Asset Management,NFJ Investment Group,Seix Investment Advisors,Silvant Capital Management,Sustainable Growth Advisers, andVirtus ETF Solutions.

Important Risk Considerations

Convertible Securities: A convertible security may be called for redemption at a time and price

unfavorable to the portfolio. Counterparties: There is risk that a party upon whom the portfolio relies

to complete a transaction will default. Credit Risk: If the issuer of a debt instrument fails to pay interest or principal in a timely manner, or negative perceptions exist in the market of the issuer's ability to make such payments, the price of the security may decline. Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk. Focused Investing: Events negatively affecting a particular market sector in which the portfolio focuses its investments may cause the value of the portfolio to decrease. Foreign Investing: Investing in foreign securities subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk. High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high yield securities than investment grade securities. Interest Rate: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities. Issuer Risk: The portfolio will be affected by factors specific to the issuers of securities and other instruments in which the portfolio invests, including actual or perceived changes in the financial condition or business prospects of such issuers. Limited Number of Investments: Because the portfolio has a limited number of securities, it may be more susceptible to factors adversely affecting its securities than a portfolio with a greater number of securities. Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended. Prepayments/Calls: If issuers prepay or call fixed rate obligations when interest rates fall, it may force the portfolio to reinvest at lower interest rates. Sector Focused Investing: Events negatively affecting a particular market sector in which the portfolio focuses its investments may cause the value of the portfolio to decrease.

Prospectus: For additional information on risks, please see the fund's prospectus.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed may be

Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com

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worth more or less than their original cost. Please click on the fund name link for additional fund details and performance data current to the most recent month-end.

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 representative, call 800-243-4361, or visit virtus.comfor a prospectus or summary prospectus. Read it carefully before investing.

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

Contacts
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Virtus Investment Partners, Inc. | One Financial Plaza | Hartford, CT 06103 | www.virtus.com