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Trending ETFs

Virtus Newfleet Core Plus Bond Fund

mutual fund
SAVAX
Payout Change
Pending
Price as of:
$10.14 +0.03 +0.3%
primary theme
U.S. Intermediate-Term Bond Duration
SAVAX (Mutual Fund)

Virtus Newfleet Core Plus Bond Fund

Payout Change
Pending
Price as of:
$10.14 +0.03 +0.3%
primary theme
U.S. Intermediate-Term Bond Duration
SAVAX (Mutual Fund)

Virtus Newfleet Core Plus Bond Fund

Payout Change
Pending
Price as of:
$10.14 +0.03 +0.3%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 11/29/2024

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

$10.14

$417 M

4.94%

$0.50

1.10%

Vitals

YTD Return

4.5%

1 yr return

7.2%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

1.0%

Net Assets

$417 M

Holdings in Top 10

14.2%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/29/2024

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

$10.14

$417 M

4.94%

$0.50

1.10%

SAVAX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Core Plus Bond Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Nov 03, 2016
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Albrycht

Fund Description

The fund seeks to generate high total return from both current income and capital appreciation by investing primarily in intermediate-term debt securities across 14 fixed income sectors.

The fund seeks to achieve its objective by applying a time-tested approach of active sector rotation, extensive credit research and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.

Under normal circumstances, the fund invests at least 80% of its assets in fixed income debt obligations of various types of issuers, to include some or all of the following:

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; and

High-yield/high-risk debt instruments (so-called “junk bonds”), including bank loans (which are generally floating-rate).

At least 80% of the fund’s assets will be invested in investment-grade securities, which are securities rated, at the time of investment, within the four highest rating categories of a nationally recognized statistical rating organization, or if unrated, those that the subadviser determines are of comparable quality. The fund may invest up to 20% of its total assets in securities rated below investment grade at time of purchase. The fund may continue to hold securities whose credit quality falls below investment grade.

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SAVAX - Performance

Return Ranking - Trailing

Period SAVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -4.8% 12.0% 15.44%
1 Yr 7.2% -2.8% 14.8% 19.27%
3 Yr -0.8%* -10.1% 28.3% 10.54%
5 Yr 1.0%* -7.3% 58.7% 18.92%
10 Yr 2.1%* -2.9% 73.9% 15.19%

* Annualized

Return Ranking - Calendar

Period SAVAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -16.2% 8.1% 32.95%
2022 -14.5% -34.7% 131.9% 13.40%
2021 -3.7% -11.6% 4.4% 61.29%
2020 4.8% -9.9% 946.1% 37.05%
2019 7.3% -1.7% 16.9% 5.52%

Total Return Ranking - Trailing

Period SAVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -4.8% 12.0% 15.44%
1 Yr 7.2% -2.8% 14.8% 19.27%
3 Yr -0.8%* -10.1% 28.3% 10.54%
5 Yr 1.0%* -7.3% 58.7% 18.92%
10 Yr 2.1%* -2.9% 73.9% 15.19%

* Annualized

Total Return Ranking - Calendar

Period SAVAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -11.3% 11.9% 14.97%
2022 -10.6% -32.2% 131.9% 6.28%
2021 0.0% -9.4% 9.2% 22.36%
2020 7.6% -1.9% 1009.0% 66.86%
2019 10.7% 1.1% 21668.0% 8.04%

NAV & Total Return History


SAVAX - Holdings

Concentration Analysis

SAVAX Category Low Category High SAVAX % Rank
Net Assets 417 M 2.9 M 314 B 69.95%
Number of Holdings 675 1 17880 51.40%
Net Assets in Top 10 58 M 1.62 M 35.1 B 80.27%
Weighting of Top 10 14.21% 4.7% 3984.6% 85.30%

Top 10 Holdings

  1. United States Treasury Note/Bond 2.29%
  2. United States Treasury Note/Bond 1.69%
  3. United States Treasury Note/Bond 1.58%
  4. United States Treasury Note/Bond 1.49%
  5. United States Treasury Note/Bond 1.33%
  6. Fannie Mae Pool 1.32%
  7. United States Treasury Note/Bond 1.21%
  8. Freddie Mac Pool 1.16%
  9. United States Treasury Note/Bond 1.09%
  10. United States Treasury Note/Bond 1.06%

Asset Allocation

Weighting Return Low Return High SAVAX % Rank
Bonds
87.55% 0.00% 9231.88% 79.17%
Other
11.73% -27.25% 1695.17% 22.01%
Cash
1.12% -54.51% 237.69% 72.59%
Convertible Bonds
0.11% 0.00% 7.93% 87.34%
Stocks
0.00% 0.00% 99.98% 32.33%
Preferred Stocks
0.00% 0.00% 72.34% 59.61%

Stock Sector Breakdown

Weighting Return Low Return High SAVAX % Rank
Utilities
0.00% 0.00% 100.00% 61.41%
Technology
0.00% 0.00% 43.45% 50.48%
Real Estate
0.00% 0.00% 99.26% 53.38%
Industrials
0.00% 0.00% 48.31% 57.23%
Healthcare
0.00% 0.00% 17.70% 56.91%
Financial Services
0.00% 0.00% 100.00% 65.92%
Energy
0.00% 0.00% 100.00% 9.00%
Communication Services
0.00% 0.00% 100.00% 64.31%
Consumer Defense
0.00% 0.00% 99.67% 53.05%
Consumer Cyclical
0.00% 0.00% 100.00% 56.91%
Basic Materials
0.00% 0.00% 100.00% 55.95%

Stock Geographic Breakdown

Weighting Return Low Return High SAVAX % Rank
US
0.00% 0.00% 99.98% 30.84%
Non US
0.00% 0.00% 88.46% 47.35%

Bond Sector Breakdown

Weighting Return Low Return High SAVAX % Rank
Corporate
39.55% 0.00% 100.00% 22.18%
Securitized
36.64% 0.00% 98.40% 28.77%
Government
17.55% 0.00% 86.23% 70.82%
Municipal
1.94% 0.00% 100.00% 15.90%
Cash & Equivalents
1.12% 0.00% 237.69% 68.33%
Derivative
0.00% -6.56% 44.82% 55.97%

Bond Geographic Breakdown

Weighting Return Low Return High SAVAX % Rank
US
87.55% 0.00% 9042.62% 73.10%
Non US
0.00% 0.00% 189.26% 65.84%

SAVAX - Expenses

Operational Fees

SAVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.01% 39.64% 21.73%
Management Fee 0.45% 0.00% 1.76% 80.69%
12b-1 Fee 0.25% 0.00% 1.00% 38.73%
Administrative Fee 0.10% 0.01% 0.50% 56.76%

Sales Fees

SAVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 58.52%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SAVAX 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.

SAVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 23.70%

SAVAX - Distributions

Dividend Yield Analysis

SAVAX Category Low Category High SAVAX % Rank
Dividend Yield 4.94% 0.00% 10.11% 13.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SAVAX Category Low Category High SAVAX % Rank
Net Income Ratio 2.12% -1.28% 4.79% 24.64%

Capital Gain Distribution Analysis

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

Distributions History

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SAVAX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Oct 03, 2012

9.66

9.7%

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.

Stephen Hooker


Start Date

Tenure

Tenure Rank

Apr 30, 2017

5.09

5.1%

Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16