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Morningstar

Virtus Newfleet Short Dur H Inc Instl ASHIX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 13.40  /  +0.22 %
  • Total Assets 570.7 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 6.75%
  • Effective Duration 1.62 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:09 PM GMT+0

Morningstar’s Analysis ASHIX

Will ASHIX 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 ASHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ASHIX 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 ASHIX’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 ASHIX

More ASHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.55 21.7 Mil
Cash and Equivalents

CVR Energy Inc. 5.25%

2.05 12.6 Mil
Corporate

Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated 4.6

1.95 11.9 Mil
Corporate

Uber Technologies Inc 8%

1.74 10.7 Mil
Corporate

Fly Leasing Limited 7%

1.73 10.6 Mil
Corporate

DISH DBS Corporation 5.25%

1.73 10.6 Mil
Corporate

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

1.73 10.6 Mil
Corporate

Sunnova Energy Corp. 5.875%

1.64 10.0 Mil
Corporate

Apx Group Inc Term Loan B

1.60 9.8 Mil
Corporate

LSB Industries Inc 6.25%

1.59 9.7 Mil
Corporate