Virtus Newfleet High Yield Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.9%
1 yr return
11.7%
3 Yr Avg Return
1.5%
5 Yr Avg Return
3.5%
Net Assets
$55.1 M
Holdings in Top 10
13.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.09%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 74.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PGHCX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.05%
- Dividend Yield 5.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus Newfleet High Yield Fund
-
Fund Family NameVirtus Funds
-
Inception DateNov 03, 2016
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKyle Jennings
Fund Description
The fund is appropriate for investors seeking diversification and the potential rewards associated with investing in high-yield fixed income securities (also known as “junk bonds”). High-yield fixed income securities are those that are rated below investment grade. The subadviser uses an investment process that focuses on adding value through issue selection, sector/industry selection and opportunistic trading. The fund will generally overweight those sectors and industries where the subadviser identifies well-valued companies whose business profiles are viewed to be improving. The subadviser attempts to maintain the duration of the fund at a level similar to that of its style benchmark, the Bloomberg U.S. High-Yield 2% Issuer Capped Bond Index. Under normal circumstances, the fund invests at least 80% of its assets in high yield fixed income securities. The fund invests primarily in U.S. securities but may invest in foreign securities including those in emerging markets. The Fund may use credit default swaps to increase or hedge (decrease) investment exposure to various fixed income sectors and instruments.
PGHCX - Performance
Return Ranking - Trailing
Period | PGHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -4.9% | 8.2% | 24.34% |
1 Yr | 11.7% | -4.3% | 26.0% | 46.01% |
3 Yr | 1.5%* | -15.6% | 20.6% | 59.15% |
5 Yr | 3.5%* | -11.2% | 37.3% | 42.83% |
10 Yr | 3.1%* | -4.7% | 19.5% | 61.88% |
* Annualized
Return Ranking - Calendar
Period | PGHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -4.7% | 14.3% | 56.37% |
2022 | -15.1% | -33.4% | 3.6% | 42.16% |
2021 | 0.5% | -8.4% | 14.9% | 35.56% |
2020 | 1.5% | -13.9% | 302.7% | 18.99% |
2019 | 8.5% | -4.4% | 13.3% | 40.86% |
Total Return Ranking - Trailing
Period | PGHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -4.9% | 8.2% | 24.34% |
1 Yr | 11.7% | -4.3% | 26.0% | 46.01% |
3 Yr | 1.5%* | -15.6% | 20.6% | 59.15% |
5 Yr | 3.5%* | -11.2% | 37.3% | 42.83% |
10 Yr | 3.1%* | -4.7% | 19.5% | 61.88% |
* Annualized
Total Return Ranking - Calendar
Period | PGHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.0% | -4.7% | 18.7% | 54.81% |
2022 | -10.7% | -33.4% | 47.8% | 48.75% |
2021 | 4.9% | -8.4% | 24.8% | 54.00% |
2020 | 6.5% | -9.6% | 325.6% | 28.74% |
2019 | 13.8% | -3.8% | 21.5% | 49.31% |
NAV & Total Return History
PGHCX - Holdings
Concentration Analysis
PGHCX | Category Low | Category High | PGHCX % Rank | |
---|---|---|---|---|
Net Assets | 55.1 M | 1.85 M | 22.6 B | 91.09% |
Number of Holdings | 180 | 2 | 2736 | 78.40% |
Net Assets in Top 10 | 7.2 M | -492 M | 4.45 B | 91.20% |
Weighting of Top 10 | 13.57% | 4.2% | 149.6% | 51.23% |
Top 10 Holdings
- DREYFUS GOVERNMENT CASH MANAGE 2.16%
- CCO Holdings LLC / CCO Holdings Capital Corp 1.75%
- Dreyfus Government Cash Management 1.68%
- Acrisure LLC / Acrisure Finance Inc 1.27%
- Carnival Corp 1.18%
- Nationstar Mortgage Holdings Inc 1.16%
- FMG Resources August 2006 Pty Ltd 1.13%
- Enbridge Inc 1.09%
- Gray Television Inc 1.08%
- CITGO Petroleum Corp 1.07%
Asset Allocation
Weighting | Return Low | Return High | PGHCX % Rank | |
---|---|---|---|---|
Bonds | 94.36% | -3.13% | 154.38% | 55.15% |
Cash | 5.32% | -52.00% | 49.49% | 33.80% |
Convertible Bonds | 0.52% | 0.00% | 17.89% | 78.09% |
Stocks | 0.32% | 0.00% | 99.61% | 52.84% |
Preferred Stocks | 0.00% | 0.00% | 8.06% | 95.68% |
Other | 0.00% | -63.70% | 102.57% | 81.79% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PGHCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 73.58% |
Technology | 0.00% | 0.00% | 33.17% | 71.28% |
Real Estate | 0.00% | 0.00% | 86.71% | 72.75% |
Industrials | 0.00% | 0.00% | 93.12% | 79.04% |
Healthcare | 0.00% | 0.00% | 22.17% | 75.68% |
Financial Services | 0.00% | 0.00% | 100.00% | 75.68% |
Energy | 0.00% | 0.00% | 100.00% | 22.64% |
Communication Services | 0.00% | 0.00% | 99.99% | 27.46% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 65.41% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 75.89% |
Basic Materials | 0.00% | 0.00% | 100.00% | 77.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PGHCX % Rank | |
---|---|---|---|---|
US | 0.32% | 0.00% | 99.61% | 51.54% |
Non US | 0.00% | -0.01% | 0.83% | 92.90% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PGHCX % Rank | |
---|---|---|---|---|
Corporate | 93.46% | 0.00% | 129.69% | 63.52% |
Cash & Equivalents | 3.84% | 0.00% | 49.49% | 36.88% |
Derivative | 0.00% | -15.04% | 42.26% | 78.40% |
Securitized | 0.00% | 0.00% | 97.24% | 94.90% |
Municipal | 0.00% | 0.00% | 4.66% | 91.04% |
Government | 0.00% | 0.00% | 99.07% | 92.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PGHCX % Rank | |
---|---|---|---|---|
US | 94.36% | -3.13% | 129.21% | 40.90% |
Non US | 0.00% | 0.00% | 97.33% | 93.52% |
PGHCX - Expenses
Operational Fees
PGHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.09% | 0.04% | 31.61% | 6.94% |
Management Fee | 0.55% | 0.00% | 1.84% | 52.77% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.81% |
Administrative Fee | 0.10% | 0.00% | 0.50% | 59.38% |
Sales Fees
PGHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 90.36% |
Trading Fees
PGHCX 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.
PGHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 74.00% | 1.00% | 255.00% | 70.97% |
PGHCX - Distributions
Dividend Yield Analysis
PGHCX | Category Low | Category High | PGHCX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.90% | 0.00% | 35.52% | 52.61% |
Dividend Distribution Analysis
PGHCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
PGHCX | Category Low | Category High | PGHCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.05% | -2.39% | 14.30% | 68.13% |
Capital Gain Distribution Analysis
PGHCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 28, 2024 | $0.019 | OrdinaryDividend |
Jan 31, 2024 | $0.019 | OrdinaryDividend |
Dec 29, 2023 | $0.020 | OrdinaryDividend |
Nov 30, 2023 | $0.019 | OrdinaryDividend |
Oct 31, 2023 | $0.018 | OrdinaryDividend |
Sep 29, 2023 | $0.019 | OrdinaryDividend |
Aug 31, 2023 | $0.019 | OrdinaryDividend |
Jul 31, 2023 | $0.017 | OrdinaryDividend |
Jun 30, 2023 | $0.019 | OrdinaryDividend |
May 31, 2023 | $0.018 | OrdinaryDividend |
Apr 28, 2023 | $0.016 | OrdinaryDividend |
Mar 31, 2023 | $0.018 | OrdinaryDividend |
Feb 28, 2023 | $0.016 | OrdinaryDividend |
Jan 31, 2023 | $0.015 | OrdinaryDividend |
Dec 30, 2022 | $0.017 | DailyAccrualFund |
Nov 30, 2022 | $0.015 | DailyAccrualFund |
Oct 31, 2022 | $0.015 | DailyAccrualFund |
Sep 30, 2022 | $0.015 | DailyAccrualFund |
Aug 31, 2022 | $0.014 | DailyAccrualFund |
Jul 29, 2022 | $0.014 | DailyAccrualFund |
Jun 30, 2022 | $0.015 | DailyAccrualFund |
May 31, 2022 | $0.014 | DailyAccrualFund |
Apr 29, 2022 | $0.014 | DailyAccrualFund |
Mar 31, 2022 | $0.014 | DailyAccrualFund |
Jan 31, 2022 | $0.013 | DailyAccrualFund |
Dec 31, 2021 | $0.015 | DailyAccrualFund |
Nov 30, 2021 | $0.014 | DailyAccrualFund |
Oct 29, 2021 | $0.014 | DailyAccrualFund |
Sep 30, 2021 | $0.012 | DailyAccrualFund |
Aug 31, 2021 | $0.014 | DailyAccrualFund |
Jul 30, 2021 | $0.014 | DailyAccrualFund |
Jun 30, 2021 | $0.013 | DailyAccrualFund |
May 28, 2021 | $0.013 | DailyAccrualFund |
Apr 30, 2021 | $0.015 | DailyAccrualFund |
Mar 31, 2021 | $0.014 | DailyAccrualFund |
Feb 26, 2021 | $0.013 | DailyAccrualFund |
Jan 29, 2021 | $0.013 | DailyAccrualFund |
Dec 31, 2020 | $0.016 | DailyAccrualFund |
Nov 30, 2020 | $0.013 | DailyAccrualFund |
Oct 30, 2020 | $0.015 | DailyAccrualFund |
Sep 30, 2020 | $0.013 | DailyAccrualFund |
Aug 31, 2020 | $0.013 | DailyAccrualFund |
Jul 31, 2020 | $0.015 | DailyAccrualFund |
Jun 30, 2020 | $0.014 | DailyAccrualFund |
May 29, 2020 | $0.015 | DailyAccrualFund |
Apr 30, 2020 | $0.015 | DailyAccrualFund |
Mar 31, 2020 | $0.016 | DailyAccrualFund |
Feb 28, 2020 | $0.014 | DailyAccrualFund |
Jan 31, 2020 | $0.016 | DailyAccrualFund |
Dec 31, 2019 | $0.016 | DailyAccrualFund |
Nov 29, 2019 | $0.016 | DailyAccrualFund |
Oct 31, 2019 | $0.016 | DailyAccrualFund |
Sep 30, 2019 | $0.013 | DailyAccrualFund |
Aug 30, 2019 | $0.016 | DailyAccrualFund |
Jul 31, 2019 | $0.017 | DailyAccrualFund |
May 31, 2019 | $0.018 | DailyAccrualFund |
Apr 30, 2019 | $0.016 | DailyAccrualFund |
Mar 29, 2019 | $0.017 | DailyAccrualFund |
Feb 28, 2019 | $0.016 | DailyAccrualFund |
Jan 31, 2019 | $0.016 | DailyAccrualFund |
Dec 31, 2018 | $0.016 | DailyAccrualFund |
Nov 30, 2018 | $0.018 | DailyAccrualFund |
Oct 31, 2018 | $0.016 | DailyAccrualFund |
Aug 31, 2018 | $0.019 | DailyAccrualFund |
Jul 31, 2018 | $0.017 | DailyAccrualFund |
Jun 29, 2018 | $0.016 | DailyAccrualFund |
May 31, 2018 | $0.015 | DailyAccrualFund |
Apr 30, 2018 | $0.014 | DailyAccrualFund |
Mar 29, 2018 | $0.015 | DailyAccrualFund |
Feb 28, 2018 | $0.014 | DailyAccrualFund |
Jan 31, 2018 | $0.016 | DailyAccrualFund |
Dec 29, 2017 | $0.020 | DailyAccrualFund |
Nov 30, 2017 | $0.019 | DailyAccrualFund |
Oct 31, 2017 | $0.018 | DailyAccrualFund |
Sep 29, 2017 | $0.018 | DailyAccrualFund |
Aug 31, 2017 | $0.018 | DailyAccrualFund |
Jul 31, 2017 | $0.015 | DailyAccrualFund |
Jun 30, 2017 | $0.017 | DailyAccrualFund |
May 31, 2017 | $0.015 | DailyAccrualFund |
Apr 28, 2017 | $0.015 | DailyAccrualFund |
Mar 31, 2017 | $0.016 | DailyAccrualFund |
Feb 28, 2017 | $0.015 | DailyAccrualFund |
Jan 31, 2017 | $0.014 | DailyAccrualFund |
Dec 30, 2016 | $0.015 | DailyAccrualFund |
Nov 30, 2016 | $0.015 | DailyAccrualFund |
Oct 31, 2016 | $0.014 | DailyAccrualFund |
Sep 30, 2016 | $0.016 | DailyAccrualFund |
Aug 31, 2016 | $0.015 | DailyAccrualFund |
Jul 29, 2016 | $0.015 | DailyAccrualFund |
Jun 30, 2016 | $0.015 | DailyAccrualFund |
May 31, 2016 | $0.014 | DailyAccrualFund |
Mar 31, 2016 | $0.015 | DailyAccrualFund |
Feb 29, 2016 | $0.015 | DailyAccrualFund |
Jan 29, 2016 | $0.013 | DailyAccrualFund |
Dec 31, 2015 | $0.016 | DailyAccrualFund |
Nov 30, 2015 | $0.014 | DailyAccrualFund |
Oct 30, 2015 | $0.015 | DailyAccrualFund |
Sep 30, 2015 | $0.015 | DailyAccrualFund |
Aug 31, 2015 | $0.014 | DailyAccrualFund |
Jul 31, 2015 | $0.016 | DailyAccrualFund |
Jun 30, 2015 | $0.016 | DailyAccrualFund |
May 29, 2015 | $0.016 | DailyAccrualFund |
Apr 30, 2015 | $0.017 | DailyAccrualFund |
Mar 31, 2015 | $0.016 | DailyAccrualFund |
Feb 27, 2015 | $0.019 | DailyAccrualFund |
Jan 30, 2015 | $0.019 | DailyAccrualFund |
Dec 31, 2014 | $0.018 | DailyAccrualFund |
Nov 28, 2014 | $0.016 | DailyAccrualFund |
Oct 31, 2014 | $0.019 | DailyAccrualFund |
Sep 30, 2014 | $0.017 | DailyAccrualFund |
Aug 29, 2014 | $0.017 | DailyAccrualFund |
Jul 31, 2014 | $0.016 | DailyAccrualFund |
Jun 30, 2014 | $0.016 | DailyAccrualFund |
May 30, 2014 | $0.017 | DailyAccrualFund |
Apr 30, 2014 | $0.017 | DailyAccrualFund |
Mar 31, 2014 | $0.016 | DailyAccrualFund |
Feb 28, 2014 | $0.018 | DailyAccrualFund |
Jan 31, 2014 | $0.018 | DailyAccrualFund |
Dec 31, 2013 | $0.017 | DailyAccrualFund |
Nov 29, 2013 | $0.019 | DailyAccrualFund |
Oct 31, 2013 | $0.018 | DailyAccrualFund |
Sep 30, 2013 | $0.019 | DailyAccrualFund |
Aug 30, 2013 | $0.022 | DailyAccrualFund |
Jul 31, 2013 | $0.021 | DailyAccrualFund |
Jun 28, 2013 | $0.020 | DailyAccrualFund |
May 31, 2013 | $0.022 | DailyAccrualFund |
Apr 30, 2013 | $0.019 | DailyAccrualFund |
Mar 28, 2013 | $0.019 | DailyAccrualFund |
Feb 28, 2013 | $0.017 | DailyAccrualFund |
Jan 31, 2013 | $0.016 | DailyAccrualFund |
Dec 20, 2012 | $0.017 | OrdinaryDividend |
Nov 21, 2012 | $0.017 | OrdinaryDividend |
Oct 23, 2012 | $0.020 | OrdinaryDividend |
Sep 20, 2012 | $0.021 | OrdinaryDividend |
Aug 23, 2012 | $0.021 | OrdinaryDividend |
Jul 23, 2012 | $0.021 | OrdinaryDividend |
Jun 21, 2012 | $0.021 | OrdinaryDividend |
May 22, 2012 | $0.021 | OrdinaryDividend |
Apr 20, 2012 | $0.021 | OrdinaryDividend |
Mar 22, 2012 | $0.022 | OrdinaryDividend |
Feb 21, 2012 | $0.022 | OrdinaryDividend |
Jan 23, 2012 | $0.022 | OrdinaryDividend |
Dec 21, 2011 | $0.022 | OrdinaryDividend |
Nov 21, 2011 | $0.021 | OrdinaryDividend |
Oct 21, 2011 | $0.022 | OrdinaryDividend |
Sep 22, 2011 | $0.022 | OrdinaryDividend |
Aug 23, 2011 | $0.019 | OrdinaryDividend |
Jul 21, 2011 | $0.019 | OrdinaryDividend |
Jun 22, 2011 | $0.021 | OrdinaryDividend |
May 20, 2011 | $0.021 | OrdinaryDividend |
Apr 20, 2011 | $0.021 | OrdinaryDividend |
Mar 23, 2011 | $0.021 | OrdinaryDividend |
Feb 17, 2011 | $0.024 | OrdinaryDividend |
Jan 21, 2011 | $0.023 | OrdinaryDividend |
Dec 22, 2010 | $0.021 | OrdinaryDividend |
Nov 19, 2010 | $0.021 | OrdinaryDividend |
Oct 21, 2010 | $0.021 | OrdinaryDividend |
Sep 22, 2010 | $0.021 | OrdinaryDividend |
Aug 23, 2010 | $0.021 | OrdinaryDividend |
Jul 22, 2010 | $0.021 | OrdinaryDividend |
Jun 22, 2010 | $0.024 | OrdinaryDividend |
May 20, 2010 | $0.026 | OrdinaryDividend |
Apr 22, 2010 | $0.025 | OrdinaryDividend |
Mar 23, 2010 | $0.024 | OrdinaryDividend |
Feb 18, 2010 | $0.024 | OrdinaryDividend |
Jan 21, 2010 | $0.024 | OrdinaryDividend |
Dec 22, 2009 | $0.024 | OrdinaryDividend |
Nov 19, 2009 | $0.023 | OrdinaryDividend |
Oct 22, 2009 | $0.023 | OrdinaryDividend |
Sep 22, 2009 | $0.023 | OrdinaryDividend |
Aug 21, 2009 | $0.023 | OrdinaryDividend |
Jul 23, 2009 | $0.023 | OrdinaryDividend |
Jun 22, 2009 | $0.023 | OrdinaryDividend |
May 20, 2009 | $0.023 | OrdinaryDividend |
Apr 22, 2009 | $0.023 | OrdinaryDividend |
Mar 23, 2009 | $0.024 | OrdinaryDividend |
Feb 19, 2009 | $0.026 | OrdinaryDividend |
Jan 22, 2009 | $0.026 | OrdinaryDividend |
Dec 22, 2008 | $0.026 | OrdinaryDividend |
Nov 19, 2008 | $0.026 | OrdinaryDividend |
Oct 23, 2008 | $0.026 | OrdinaryDividend |
PGHCX - Fund Manager Analysis
Managers
Kyle Jennings
Start Date
Tenure
Tenure Rank
Dec 21, 2011
10.45
10.5%
Kyle A. Jennings, CFA. Mr. Jennings is Portfolio Manager – Bank Loan Sector of Newfleet (since June 2011). Mr. Jennings is Senior Managing Director and Head of Credit Research (since 2011). Until June 2011, he was Managing Director (2008 to 2011) and 2nd Vice President (2005 to 2008) of Goodwin. Previously, he was associated with VIA, at which time it was an affiliate of Goodwin, and was a member of the corporate research team since 1998. Mr. Jennings is the sector manager for the leveraged loan sector and assists in formulation of the leveraged loan finance strategy for the retail multi-sector funds.He has over 20 years of investment experience.
David Albrycht
Start Date
Tenure
Tenure Rank
Dec 21, 2011
10.45
10.5%
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.
Francesco Ossino
Start Date
Tenure
Tenure Rank
Aug 28, 2012
9.76
9.8%
Mr. Ossino is a senior managing director, senior portfolio manager, and sector head of the bank loan asset class at Newfleet. Before joining Newfleet in 2012, Mr. Ossino worked at Hartford Investment Management as a bank loan portfolio manager from 2004 to 2012, primarily focused on mutual fund portfolios and a commingled bank loan portfolio for institutional investors. He began his investment career in 1996. He received a BS in economics from Brandeis University and an MS in international economics and finance from Brandeis University and Luigi Bocconi University in Italy.
William Eastwood
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
William Eastwood is a senior managing director, portfolio manager and head of trading at Newfleet Asset Management with trading responsibilities primarily for leveraged finance. In addition, Mr. Eastwood is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. 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.
Eric Hess
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Mr. Hess is managing director and credit research analyst at Newfleet, responsible for the telecommunications, media, oil services, and utility industry sectors. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin (2010 to 2011). Eric Hess, CFA. Mr. Hess is a Managing Director and Credit Analyst at Newfleet and Sector Head of High Yield Credit. He is also responsible for the oil and gas, power, and utility industries. In addition, Mr. Hess is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin Capital Advisers. He joined Goodwin Capital's corporate credit research group in 2010. Previous to joining Goodwin, he was a credit analyst for The Travelers Companies.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |