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Morningstar

Virtus Newfleet Short Dur H Inc C ASHCX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 13.68  /  +0.07 %
  • Total Assets 574.7 Mil
  • Adj. Expense Ratio
    1.110%
  • Expense Ratio 1.110%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.30%
  • Effective Duration 1.87 years

USD | NAV as of May 06, 2024 | 1-Day Return as of May 06, 2024, 10:14 PM GMT+0

Morningstar’s Analysis ASHCX

Will ASHCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ASHCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ASHCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ASHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This ship has steadied after a 2022 subadvisor change.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Virtus Newfleet Short Duration High Income is on solid footing after navigating through an unexpected 2022 subadvisor change, particularly after welcoming an influx of leveraged finance researchers the following year.

by Max Curtin
Rated on Published on

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Portfolio Holdings ASHCX

More ASHCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated 4.6

2.00 11.7 Mil
Corporate

Fly Leasing Limited 7%

1.87 11.0 Mil
Corporate

Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.875%

1.81 10.6 Mil
Corporate

Uber Technologies Inc 8%

1.80 10.6 Mil
Corporate

LSB Industries Inc 6.25%

1.68 9.9 Mil
Corporate

Apx Group Inc Term Loan B

1.67 9.8 Mil
Corporate

SLM Corporation 4.2%

1.49 8.7 Mil
Corporate

DISH DBS Corporation 5.25%

1.36 8.0 Mil
Corporate

FTAI Aviation Ltd 6.5%

1.33 7.8 Mil
Corporate

Asurion Term Loan B8

1.31 7.7 Mil
Corporate