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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

$3.74

$55.1 M

5.90%

$0.22

2.09%

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

$3.7
N/A
N/A

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 03/27/2024

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

$3.74

$55.1 M

5.90%

$0.22

2.09%

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%
DIVIDENDS
  • Dividend Yield 5.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet High Yield Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 03, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kyle 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.

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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

  1. DREYFUS GOVERNMENT CASH MANAGE 2.16%
  2. CCO Holdings LLC / CCO Holdings Capital Corp 1.75%
  3. Dreyfus Government Cash Management 1.68%
  4. Acrisure LLC / Acrisure Finance Inc 1.27%
  5. Carnival Corp 1.18%
  6. Nationstar Mortgage Holdings Inc 1.16%
  7. FMG Resources August 2006 Pty Ltd 1.13%
  8. Enbridge Inc 1.09%
  9. Gray Television Inc 1.08%
  10. 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

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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