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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.49

$413 M

3.94%

$0.41

0.94%

Vitals

YTD Return

1.4%

1 yr return

6.3%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.8%

Net Assets

$413 M

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$10.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.49

$413 M

3.94%

$0.41

0.94%

HIMZX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Low Duration Core Plus Bond Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Dec 19, 2018
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Benjamin Caron

Fund Description

The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Duration represents the interest rate sensitivity of a fixed income fund. The fund seeks to achieve its objective by applying a time-tested approach of active sector rotation, extensive credit research and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.

Under normal circumstances, the fund invests at least 80% of its assets in fixed income debt obligations of various types of issuers, to include some or all of the following:

Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;

Collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”), and other pass-through securities, including those issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities;

Debt securities issued by foreign issuers, including foreign governments and their political subdivisions, and issuers located in emerging markets;

Investment-grade securities (primarily of U.S. issuers, secondarily of non-U.S. issuers), which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization, including short-term securities; and

High-yield/high-risk debt instruments (so-called “junk bonds”), including bank loans (which are generally floating-rate).

The fund may invest in all or some of these sectors.

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HIMZX - Performance

Return Ranking - Trailing

Period HIMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.8% 9.2% 13.92%
1 Yr 6.3% -0.2% 24.4% 14.13%
3 Yr 0.8%* -5.9% 4.1% 26.95%
5 Yr 1.8%* -3.8% 4.4% 31.94%
10 Yr N/A* -19.2% 169.7% 24.33%

* Annualized

Return Ranking - Calendar

Period HIMZX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -5.4% 7.6% 9.62%
2022 -6.8% -17.7% -2.6% 44.73%
2021 -1.4% -4.0% 4.4% 29.39%
2020 1.7% -8.3% 7.6% 50.59%
2019 2.5% -2.3% 9.3% 28.43%

Total Return Ranking - Trailing

Period HIMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.8% 9.2% 13.92%
1 Yr 6.3% -0.2% 24.4% 14.13%
3 Yr 0.8%* -5.9% 4.1% 26.95%
5 Yr 1.8%* -3.8% 4.4% 31.94%
10 Yr N/A* -19.2% 169.7% 34.15%

* Annualized

Total Return Ranking - Calendar

Period HIMZX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -1.1% 15.2% 14.16%
2022 -5.0% -17.3% -1.3% 52.31%
2021 0.1% -2.7% 7.7% 45.99%
2020 4.0% -4.4% 14.5% 53.91%
2019 5.2% 0.6% 12.6% 32.46%

NAV & Total Return History


HIMZX - Holdings

Concentration Analysis

HIMZX Category Low Category High HIMZX % Rank
Net Assets 413 M 14.1 K 58.8 B 69.84%
Number of Holdings 469 2 9721 45.24%
Net Assets in Top 10 42.8 M 1.16 M 6.6 B 77.38%
Weighting of Top 10 10.79% 1.8% 108.7% 83.30%

Top 10 Holdings

  1. United States Treasury Note/Bond 2.18%
  2. United States Treasury Note/Bond 2.04%
  3. United States Treasury Note/Bond 1.63%
  4. Freddie Mac Pool 0.98%
  5. Towd Point Mortgage Trust 2016-2 0.78%
  6. Freddie Mac Pool 0.72%
  7. Verus Securitization Trust 2022-7 0.71%
  8. VFI ABS 2022-1 LLC 0.60%
  9. Towd Point Mortgage Trust 2017-1 0.58%
  10. AMSR 2020-SFR3 Trust 0.57%

Asset Allocation

Weighting Return Low Return High HIMZX % Rank
Bonds
60.09% 0.00% 130.68% 89.41%
Other
38.81% -0.97% 72.36% 2.51%
Cash
1.11% -20.59% 62.18% 68.76%
Stocks
0.00% 0.00% 103.64% 71.81%
Preferred Stocks
0.00% 0.00% 21.82% 67.15%
Convertible Bonds
0.00% 0.00% 27.71% 97.48%

Bond Sector Breakdown

Weighting Return Low Return High HIMZX % Rank
Securitized
65.24% 0.00% 97.27% 2.52%
Corporate
27.41% 0.00% 100.00% 71.22%
Government
4.09% 0.00% 73.63% 83.27%
Cash & Equivalents
0.12% 0.00% 62.18% 78.46%
Derivative
0.00% -0.55% 24.84% 70.02%
Municipal
0.00% 0.00% 17.46% 83.45%

Bond Geographic Breakdown

Weighting Return Low Return High HIMZX % Rank
US
60.09% 0.00% 130.68% 88.33%
Non US
0.00% 0.00% 83.16% 69.84%

HIMZX - Expenses

Operational Fees

HIMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.01% 3.24% 29.35%
Management Fee 0.40% 0.00% 1.19% 76.84%
12b-1 Fee 0.25% 0.00% 1.00% 45.33%
Administrative Fee 0.10% 0.01% 0.50% 63.32%

Sales Fees

HIMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 5.75% 63.75%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

HIMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HIMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 26.72%

HIMZX - Distributions

Dividend Yield Analysis

HIMZX Category Low Category High HIMZX % Rank
Dividend Yield 3.94% 0.00% 10.34% 56.19%

Dividend Distribution Analysis

HIMZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HIMZX Category Low Category High HIMZX % Rank
Net Income Ratio 1.42% -1.27% 4.98% 36.51%

Capital Gain Distribution Analysis

HIMZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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HIMZX - Fund Manager Analysis

Managers

Benjamin Caron


Start Date

Tenure

Tenure Rank

May 18, 2012

10.04

10.0%

Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.

David Albrycht


Start Date

Tenure

Tenure Rank

May 18, 2012

10.04

10.0%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Lisa Baribault


Start Date

Tenure

Tenure Rank

Jan 30, 2017

5.33

5.3%

Ms. Baribault is a Director and Portfolio Manager at Newfleet (since 2011). Prior to 2011, Ms. Baribault was a manager of Investment Accounting at Phoenix Life Insurance Company. Ms. Baribault began her career in the investment industry in 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41