Virtus Investment Partners provides a broad range of fixed income solutions on the short end of the yield curve which may help investors seeking to construct portfolios that are nimble, yet able to stand the test of time. Delivering direct access to fixed income expertise through our affiliated managers and subadvisers, we offer a selection of short duration portfolios that can serve as either core or complementary allocations to a fixed income or multi-asset portfolio.
Interactive Tool: Credit Quality Breakdown
The chart below showcases Virtus’ eight offerings on the short end of the curve. Click on the product tickers on the left to select specific fund(s). Hover over the bars to see current allocation within a particular credit quality bucket.
Product Tickers
Performance data as of 08/31/2023.
SEC Yields as of 08/31/2023.
| Product Name | Ticker | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Life of fund | Inception Date | 30-day SEC Yield1 |
30-day SEC Yield2 (Unsubsidized) |
|---|---|---|---|---|---|---|---|---|---|
| Virtus Newfleet Low Duration Core Plus Bond Fund (Class I) | HIBIX | 3.34 | 0.05 | 1.71 | 1.92 | 3.83 | 02/23/1996 | 4.54 | 4.36 |
| Virtus Newfleet Multi-Sector Short Term Bond Fund (Class I) | PIMSX | 3.36 | 0.22 | 1.80 | 2.19 | 3.71 | 06/06/2008 | 4.97 | 4.92 |
| Virtus Newfleet Senior Floating Rate Fund (Class I) | PSFIX | 8.86 | 5.67 | 3.53 | 3.51 | 4.51 | 01/31/2008 | 8.08 | 8.01 |
| Virtus Newfleet Short Duration High Income Fund (Class INST) | ASHIX | 8.77 | 4.38 | 3.68 | 3.95 | 4.50 | 10/03/2011 | 8.33 | 8.17 |
| Virtus Seix Floating Rate High Income Fund (Class I) | SAMBX | 8.96 | 5.54 | 3.28 | 3.60 | 4.07 | 03/01/2006 | 9.18 | 9.04 |
| Virtus Seix U.S. Government Securities Ultra-Short Bond Fund (Class I) | SIGVX | 3.13 | 0.66 | 1.20 | 1.02 | 1.94 | 04/11/2002 | 4.58 | 4.44 |
| Virtus Seix Ultra-Short Bond Fund (Class I) | SISSX | 5.04 | 1.42 | 1.64 | 1.40 | 2.01 | 04/15/2002 | 5.13 | 4.62 |
| Virtus Seix Senior Loan ETF | NAV | SEIX | 9.10 | 4.92 | NA | NA | 4.23 | 04/24/2019 | 9.47 | NA |
| Market Price | SEIX | 9.34 | 5.03 | NA | NA | 4.31 |
| Product Name | Ticker | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Life of fund | Inception Date | 30-day SEC Yield1 |
30-day SEC Yield2 (Unsubsidized) |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Virtus Seix Senior Loan ETF | NAV | SEIX | 9.10 | 4.92 | NA | NA | 4.23 | 04/24/2019 | 9.47 | NA |
| Virtus Seix Senior Loan ETF | Market Price | SEIX | 9.34 | 5.03 | NA | NA | 4.31 | 04/24/2019 | 9.47 | NA |
As of 06/30/2023.
| Product Name | Ticker | Effective Duration | AAA/ Aaa |
AA/Aa | A/A | BBB/ Baa |
BB/Ba | B/B | CCC/Caa & Below |
Not Rated |
Cash |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Virtus Newfleet Low Duration Core Plus Bond Fund (Class I) | HIBIX | 2.08 | 34.91 | 15.84 | 17.57 | 22.80 | 6.05 | 1.52 | 0.00 | 1.01 | 0.30 |
| Virtus Newfleet Multi-Sector Short Term Bond Fund (Class I) | PIMSX | 2.25 | 29.90 | 11.11 | 14.82 | 23.95 | 10.13 | 6.34 | 0.49 | 3.16 | 0.10 |
| Virtus Newfleet Senior Floating Rate Fund (Class I) | PSFIX | 0.09 | 0.00 | 0.00 | 0.00 | 5.14 | 33.75 | 53.26 | 1.75 | 1.33 | 4.78 |
| Virtus Newfleet Short Duration High Income Fund (Class INST) | ASHIX | 1.68 | 0.00 | 0.00 | 0.00 | 7.48 | 50.06 | 33.52 | 3.58 | 0.44 | 4.93 |
| Virtus Seix Floating Rate High Income Fund (Class I) | SAMBX | 0.19 | 0.00 | 0.00 | 0.00 | 2.78 | 26.64 | 55.92 | 7.09 | 3.08 | 4.49 |
| Virtus Seix Senior Loan ETF | SEIX | 0.20 | 0.00 | 0.00 | 0.00 | 1.94 | 33.44 | 56.75 | 5.17 | 1.17 | 1.52 |
| Virtus Seix U.S. Government Securities Ultra-Short Bond Fund (Class I) | SIGVX | 0.34 | 96.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.49 |
| Virtus Seix Ultra-Short Bond Fund (Class I) | SISSX | 0.37 | 43.75 | 3.27 | 14.72 | 33.38 | 0.00 | 0.00 | 0.00 | 0.00 | 4.88 |
| Product Name | Ticker | Sector/Industry Allocations | ||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Virtus Newfleet Low Duration Core Plus Bond Fund (Class I) | HIBIX |
Sector Allocation (% Fund)
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| Virtus Newfleet Multi-Sector Short Term Bond Fund (Class I) | PIMSX |
Sector Allocation (% Fund)
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| Virtus Newfleet Senior Floating Rate Fund (Class I) | PSFIX |
Industry Allocation (% Fund)(as of 06/30/2023)
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| Virtus Newfleet Short Duration High Income Fund (Class INST) | ASHIX |
Sector Allocation (% Fund)
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| Virtus Seix Floating Rate High Income Fund (Class I) | SAMBX |
Sector Allocation (% Fund)
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| Virtus Seix Senior Loan ETF | SEIX | View Allocations | ||||||||||||||||||||||||||||||||||||||||||||||
| Virtus Seix U.S. Government Securities Ultra-Short Bond Fund (Class I) | SIGVX |
Sector Allocation (% Fund)
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| Virtus Seix Ultra-Short Bond Fund (Class I) | SISSX |
Sector Allocation (% Fund)
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Performance and Yield data represents Class I or Class INST shares for all mutual funds.
1 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 2 30-day SEC Yield (unsubsidized) is the 30 day SEC yield without the effect of applicable expense waivers.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Please visit virtus.com for performance data current to the most recent month end. This share class has no sales charges and is not available to all investors. Other share classes have sales charges.
Newfleet:
The ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government's debt issues. The ratings apply to the fund's holdings and not the fund. Ratings are provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Newfleet uses the higher rating. If a rating is not available, the bond is placed in the Not Rated category. Credit ratings are subject to change. Aaa, Aa, A, and Baa are investment grade ratings; Ba, B, Caa, Ca, C, and D are below-investment grade ratings.
Seix:
For Virtus Seix Floating Rate High Income Fund and Virtus Seix Senior Loan ETF, the ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government's debt issues. The ratings apply to the fund's holdings and not the fund. Standard & Poor's and Moody's ratings are used for all ratings-eligible securities. If ratings are available from both agencies, then the lower of the two ratings is used. If a rating is available from only one agency, then that rating will be used. If a rating is not available for a ratings-eligible security, the security is place in the Not Rated Category. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C, and D are below-investment grade ratings.
For all other Virtus Seix Funds, the ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government's debt issues. The ratings apply to the fund's holdings and not the fund. Standard & Poor's, Moody's, and Fitch ratings are used for all ratings-eligible securities. If all three agencies have rated the security, then the median rating based on numerical equivalents is used. If only two agencies have rated the security, then the lower of the two ratings is used. If only one agency has rated the security, the rating from that agency is used. If a rating is not available for a ratings-eligible security, the security is place in the Not Rated Category. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C, and D are below-investment grade ratings.
Investing involves risk including loss of principal. Some general risks associated with fixed income investing include the following. For more detailed information, please click on the links provided. Credit & Interest: Debt instruments are subject to various risks, including credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities. High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high yield securities than investment grade securities. Bank Loans: Loans may be unsecured or not fully collateralized, may be subject to restrictions on resale and/or trade infrequently on the secondary market. Loans are subject to credit and call risk, may be difficult to value, and have longer settlement times than other investments, which can make loans relatively illiquid at times. ABS/MBS: Changes in interest rates can cause both extension and prepayment risks for asset- and mortgage-backed securities. These securities are also subject to risks associated with the non-repayment of underlying collateral, including losses to the fund. Foreign & Emerging Markets: Investing in foreign securities, especially In emerging markets, subjects the fund to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk. Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio’s assets as intended.
Please consider a Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about any Virtus Fund, contact your financial representative, call 800-243-4361, or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.
Not all products or marketing materials are available at all firms.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.
© 2023 Virtus Investment Partners, Inc.