Advertisement
Skip to Content
Morningstar

Virtus Convertible Admin ANNAX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 30.58  /  0.33 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.940%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 1.35%
  • Turnover 121%

USD | NAV as of May 27, 2023 | 1-Day Return as of May 27, 2023, 12:18 AM GMT+0

Morningstar’s Analysis ANNAX

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

People Pillar

The People Pillar is our evaluation of the ANNAX 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 ANNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Virtus Convertible's Management Team Stays; Ratings Maintained

null Chiayi Tsui

Chiayi Tsui

Analyst Note

On July 21, 2022, Virtus confirmed that the team running Virtus Convertible ANNPX will remain intact. This strategy recently transitioned from Allianz Global Investors to Voya Investment Management, and managers Justin Kass, Michael Yee, and David Oberto will continue to oversee the strategy at their new firm without altering their process. The strategy's Morningstar Analyst Rating remains Silver for its cheapest shares, Bronze for the pricier shares, and Neutral for the most expensive shares.

by Chiayi Tsui
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ANNAX

More ANNAX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 3
  • Bond Holdings 3
  • Other Holdings 117
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity FedFund Instl

4.84
73,058,002
Cash and Equivalents

DexCom Inc 0.25%

2.93
44,178,372
Corporate

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

2.57
38,737,715
Financial Services

Zillow Group Inc 2.75%

1.93
29,064,525
Corporate

GS Finance Corp 0.5%

1.54
23,287,689
Corporate

Liberty Broadband Corporation 3.125%

1.54
23,203,180
Corporate

Southern Co. 3.875%

1.51
22,794,660
Corporate

Conmed Corporation 2.25%

1.47
22,122,082
Corporate

Axon Enterprise Inc 0.5%

1.45
21,948,750
Corporate

Palo Alto Networks Inc 0.375%

1.40
21,111,210
Corporate