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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

$4.49

$4.38 B

4.76%

$0.21

0.73%

Vitals

YTD Return

1.4%

1 yr return

6.9%

3 Yr Avg Return

1.1%

5 Yr Avg Return

2.2%

Net Assets

$4.38 B

Holdings in Top 10

10.1%

52 WEEK LOW AND HIGH

$4.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


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

$4.49

$4.38 B

4.76%

$0.21

0.73%

PIMSX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Multi-Sector Short Term Bond Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 03, 2016
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Albrycht

Fund Description

The fund seeks current income with an emphasis on maintaining low volatility and overall short duration by investing primarily in higher quality, more liquid securities across 14 bond market sectors. The fund utilizes a value-oriented, research driven approach that seeks to strategically overweight undervalued sectors while applying strict risk controls.

Under normal circumstances, the fund invests at least 80% of its assets in bonds, which are fixed income debt obligations of various types of issuers. The fund seeks to achieve its objective by investing in a diversified portfolio of primarily short-term fixed income securities having an expected dollar-weighted average duration of three years or less and that are in one of the following market sectors:

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, authorities 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.

Read More

PIMSX - Performance

Return Ranking - Trailing

Period PIMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.8% 9.2% 10.31%
1 Yr 6.9% -0.2% 24.4% 6.52%
3 Yr 1.1%* -5.9% 4.1% 15.99%
5 Yr 2.2%* -3.8% 4.4% 13.69%
10 Yr 2.2%* -19.2% 169.7% 6.94%

* Annualized

Return Ranking - Calendar

Period PIMSX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -5.4% 7.6% 7.62%
2022 -8.1% -17.7% -2.6% 75.60%
2021 -1.7% -4.0% 4.4% 57.63%
2020 1.5% -8.3% 7.6% 60.74%
2019 3.1% -2.3% 9.3% 17.94%

Total Return Ranking - Trailing

Period PIMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.8% 9.2% 10.31%
1 Yr 6.9% -0.2% 24.4% 6.52%
3 Yr 1.1%* -5.9% 4.1% 15.99%
5 Yr 2.2%* -3.8% 4.4% 13.69%
10 Yr 2.2%* -19.2% 169.7% 6.94%

* Annualized

Total Return Ranking - Calendar

Period PIMSX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -1.1% 15.2% 4.72%
2022 -5.4% -17.3% -1.3% 60.63%
2021 0.8% -2.7% 7.7% 25.76%
2020 4.8% -4.4% 14.5% 34.38%
2019 6.3% 0.6% 12.6% 12.90%

NAV & Total Return History


PIMSX - Holdings

Concentration Analysis

PIMSX Category Low Category High PIMSX % Rank
Net Assets 4.38 B 14.1 K 58.8 B 20.47%
Number of Holdings 763 2 9721 24.06%
Net Assets in Top 10 445 M 1.16 M 6.6 B 37.16%
Weighting of Top 10 10.11% 1.8% 108.7% 86.00%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.72%
  2. United States Treasury Note/Bond 0.78%
  3. Freddie Mac Pool 0.74%
  4. Fannie Mae Pool 0.68%
  5. United States Treasury Note/Bond 0.56%
  6. United States Treasury Note/Bond 0.55%
  7. Goldman Sachs Group Inc/The 0.54%
  8. United States Treasury Bill 0.52%
  9. Credit Suisse Mortgage Capital Certificates 2019-ICE4 0.52%
  10. Fannie Mae Pool 0.50%

Asset Allocation

Weighting Return Low Return High PIMSX % Rank
Bonds
67.62% 0.00% 130.68% 83.12%
Other
30.99% -0.97% 72.36% 7.00%
Cash
1.39% -20.59% 62.18% 63.91%
Convertible Bonds
0.30% 0.00% 27.71% 89.75%
Stocks
0.00% 0.00% 103.64% 22.80%
Preferred Stocks
0.00% 0.00% 21.82% 46.68%

Stock Sector Breakdown

Weighting Return Low Return High PIMSX % Rank
Energy
100.00% 0.00% 100.00% 15.63%
Utilities
0.00% 0.00% 81.48% 67.19%
Technology
0.00% 0.00% 24.45% 62.50%
Real Estate
0.00% 0.00% 8.31% 65.63%
Industrials
0.00% 0.00% 100.00% 68.75%
Healthcare
0.00% 0.00% 23.11% 62.50%
Financial Services
0.00% 0.00% 100.00% 73.44%
Communication Services
0.00% 0.00% 65.64% 71.88%
Consumer Defense
0.00% 0.00% 21.37% 60.94%
Consumer Cyclical
0.00% 0.00% 10.75% 62.50%
Basic Materials
0.00% 0.00% 22.71% 62.50%

Stock Geographic Breakdown

Weighting Return Low Return High PIMSX % Rank
US
0.00% 0.00% 103.64% 22.80%
Non US
0.00% 0.00% 0.02% 38.60%

Bond Sector Breakdown

Weighting Return Low Return High PIMSX % Rank
Securitized
52.35% 0.00% 97.27% 7.19%
Corporate
37.56% 0.00% 100.00% 53.60%
Government
7.38% 0.00% 73.63% 73.74%
Cash & Equivalents
0.41% 0.00% 62.18% 70.74%
Municipal
0.07% 0.00% 17.46% 42.81%
Derivative
0.00% -0.55% 24.84% 60.14%

Bond Geographic Breakdown

Weighting Return Low Return High PIMSX % Rank
US
67.52% 0.00% 130.68% 81.51%
Non US
0.10% 0.00% 83.16% 19.39%

PIMSX - Expenses

Operational Fees

PIMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 3.24% 45.29%
Management Fee 0.48% 0.00% 1.19% 84.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 58.52%

Sales Fees

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

Trading Fees

PIMSX 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.

PIMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 38.99%

PIMSX - Distributions

Dividend Yield Analysis

PIMSX Category Low Category High PIMSX % Rank
Dividend Yield 4.76% 0.00% 10.34% 24.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PIMSX Category Low Category High PIMSX % Rank
Net Income Ratio 2.28% -1.27% 4.98% 8.44%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PIMSX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Aug 31, 1993

28.77

28.8%

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.

Tenure Analysis

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