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Trending ETFs

Name

As of 07/22/2022

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

$13.57

$60.3 M

0.00%

$0.00

0.25%

Vitals

YTD Return

-10.5%

1 yr return

-7.1%

3 Yr Avg Return

2.3%

5 Yr Avg Return

N/A

Net Assets

$60.3 M

Holdings in Top 10

37.9%

52 WEEK LOW AND HIGH

$13.6
$13.25
$15.58

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/22/2022

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

$13.57

$60.3 M

0.00%

$0.00

0.25%

ACOSX - Profile

Distributions

  • YTD Total Return -10.5%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Core Plus Bond Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    May 30, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Zazzarino

Fund Description

The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in bonds, notes and other debt instruments, including derivatives that provide exposure to such investments. The fund generally invests in debt securities issued by U.S. and non‑U.S. governments and their subdivisions, agencies and government-sponsored enterprises; supranational entities; public and private companies; pass-through securities guaranteed by the U.S. government, its agencies or government-sponsored enterprises; and commercial mortgage- backed securities and other asset-backed securities. The fund’s investments in mortgage-related securities may include investments in stripped mortgage-backed securities such as interest-only (“IO”) and principal-only (“PO”) securities. The Fund retains broad flexibility to obtain exposure to fixed income instruments.
The fund may invest up to 35% of its net assets in debt instruments that, at the time of purchase, are rated below investment grade, or if unrated, determined by the Manager to be of comparable quality (sometimes referred to as “high yield securities” or “junk bonds”). The fund considers a debt instrument to be investment grade based on the highest rating assigned at the time of purchase by Standard and Poor’s Global Ratings Services, Moody’s Investors Service, Inc., Fitch, Inc., Kroll Bond Rating Agency or DBRS.
The fund may invest up to 10% of its assets in non‑U.S. dollar denominated debt securities and instruments of foreign issuers, including those of foreign governments, non‑governmental issuers or other entities. The fund typically seeks to fully hedge its exposure to non‑U.S. dollar currencies. 
In making investments, the fund’s portfolio managers will normally seek to maintain an average portfolio duration within two years above or below that of its benchmark, the Bloomberg U.S. Aggregate Bond Index. As of September 30, 2021, the average duration of the Bloomberg U.S. Aggregate Bond Index was 6.70 years. 
The fund may use derivatives, such as Treasury futures, options on Treasury futures, interest rate swaps, credit default swaps and credit default swap indices, total return swaps and currency futures and forwards. The fund may use derivatives for a variety of purposes, including: as a hedge against 
adverse changes in the market price of securities, interest rates, or currency exchange rates; as a substitute for purchasing or selling securities; to increase the fund’s return as a non‑hedging strategy that may be considered speculative; and to manage portfolio characteristics. Derivatives transactions may have the effect of either magnifying or limiting the fund’s gains and losses. 
The fund may purchase or sell securities on a when-issued, delayed-delivery or forward commitment basis. Such securities may include mortgage-backed securities acquired or sold in the to‑be‑announced (“TBA”) market and those in a dollar roll transaction. 
The fund may invest in securities that are issued through private offerings without registration with the Securities and Exchange Commission under the Securities Act. The fund may also invest in securities that may be offered and sold only to “qualified institutional buyers” under Rule 144A under the Securities Act. 
The fund’s use of short-term instruments, especially in connection with the hedging of interest rate risk, may result in significant frequent trading transactions, which can contribute to the fund having a portfolio turnover rate substantially in excess of 300% annually. 
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ACOSX - Performance

Return Ranking - Trailing

Period ACOSX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -50.1% -0.6% 67.38%
1 Yr -7.1% -21.8% 6.9% 11.28%
3 Yr 2.3%* -4.0% 10.6% 6.06%
5 Yr N/A* -1.6% 6.3% N/A
10 Yr N/A* -0.5% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period ACOSX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.3% -75.2% 1360.6% 43.60%
2022 2.1% -14.5% 1027.9% 83.20%
2021 2.5% -11.1% 23.0% 92.04%
2020 N/A -11.4% 6.8% N/A
2019 N/A -49.5% 12.4% N/A

Total Return Ranking - Trailing

Period ACOSX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -50.1% -0.6% 63.95%
1 Yr -7.1% -21.8% 2.9% 10.37%
3 Yr 2.3%* -4.0% 8.7% 5.65%
5 Yr N/A* -1.6% 5.3% N/A
10 Yr N/A* -0.5% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ACOSX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.3% -75.2% 93.6% 43.60%
2022 2.1% -14.5% 1027.9% 83.20%
2021 3.0% -11.1% 23.0% 91.52%
2020 N/A -11.4% 6.8% N/A
2019 N/A -49.5% 12.4% N/A

NAV & Total Return History


ACOSX - Holdings

Concentration Analysis

ACOSX Category Low Category High ACOSX % Rank
Net Assets 60.3 M 1.19 M 287 B 91.66%
Number of Holdings 200 1 17234 81.57%
Net Assets in Top 10 22.9 M -106 M 27.6 B 84.97%
Weighting of Top 10 37.92% 3.7% 100.0% 30.79%

Top 10 Holdings

  1. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  2. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  3. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  4. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  5. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  6. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  7. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  8. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  9. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%
  10. Us 10yr Ultra Fut Dec20 Xcbt 20201221 8.98%

Asset Allocation

Weighting Return Low Return High ACOSX % Rank
Bonds
105.77% 3.97% 268.18% 9.54%
Preferred Stocks
0.37% 0.00% 77.13% 16.10%
Stocks
0.00% -1.15% 24.74% 33.16%
Other
0.00% -13.23% 23.06% 13.51%
Convertible Bonds
0.00% 0.00% 10.39% 86.05%
Cash
-6.14% -181.13% 95.99% 88.37%

Bond Sector Breakdown

Weighting Return Low Return High ACOSX % Rank
Securitized
38.68% 0.00% 98.79% 25.40%
Corporate
33.31% 0.00% 100.00% 40.88%
Government
22.52% 0.00% 86.23% 54.74%
Cash & Equivalents
5.42% 0.00% 95.99% 38.73%
Derivative
0.07% 0.00% 25.16% 28.35%
Municipal
0.00% 0.00% 100.00% 74.42%

Bond Geographic Breakdown

Weighting Return Low Return High ACOSX % Rank
US
98.10% 3.63% 210.09% 11.00%
Non US
7.67% -6.54% 58.09% 55.90%

ACOSX - Expenses

Operational Fees

ACOSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 2.93% 90.31%
Management Fee 0.30% 0.00% 1.76% 26.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.50% 15.21%

Sales Fees

ACOSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACOSX 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.

ACOSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 96.84%

ACOSX - Distributions

Dividend Yield Analysis

ACOSX Category Low Category High ACOSX % Rank
Dividend Yield 0.00% 0.00% 6.61% 54.47%

Dividend Distribution Analysis

ACOSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ACOSX Category Low Category High ACOSX % Rank
Net Income Ratio 1.93% -1.28% 8.97% 34.17%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ACOSX - Fund Manager Analysis

Managers

Michael Zazzarino


Start Date

Tenure

Tenure Rank

May 30, 2018

4.01

4.0%

Mr. Zazzarino is a senior portfolio manager and a director with Allianz Global Investors, which he joined in 2017. As a member of the US Fixed Income team and a structured specialist, his responsibilities include portfolio management, structured research and trading. He was previously a portfolio manager at Columbia Threadneedle Investments; he was also lead strategist of structured products for the core fixed-income team at the firm. Before that, Mr. Zazzarino was a senior portfolio manager at US Trust, and a portfolio manager, analyst and trader at both Brown Brothers Harriman and Eastbridge Capital. He has a B.S. in mechanical engineering from Lafayette College and an M.B.A. in finance from Columbia Business School.

Stephen Sheehan


Start Date

Tenure

Tenure Rank

May 30, 2018

4.01

4.0%

Mr. Sheehan is a portfolio manager and a vice president with Allianz Global Investors, which he joined in 2017. As a member of the US Fixed Income team and a credit sector specialist, his responsibilities include portfolio management, corporate credit research and trading. Mr. Sheehan has eight years of investment-industry experience. He previously worked at Columbia Threadneedle Investments, where he had portfolio management, research and trading roles; during this time he managed a range of intermediate and long-term fixed-income portfolios. Mr. Sheehan has an A.B. in economics from Harvard College. He is a CFA charterholder. Mr. Sheehan began his investment career in 2009

Carl Pappo


Start Date

Tenure

Tenure Rank

May 30, 2018

4.01

4.0%

Mr. Pappo is CIO US Fixed Income and a managing director with Allianz Global Investors, which he joined in 2017. As the leader of the US Fixed Income team, his responsibilities include chairing the core strategy team (which sets portfolio risk allocations) and acting as lead portfolio manager for a number of strategies. Mr. Pappo previously worked at Columbia Threadneedle Investments, where he was head of the core fixed-income team; earlier at the firm, he led the credit team and the investment grade research team. Before that, Mr. Pappo worked at Fleet Investment Advisors where he managed taxable fixed-income funds and institutional portfolios. He began his career as a corporate bond trader. Mr. Pappo has a B.S. in accounting from Babson College. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.76 1.16