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Morningstar

Virtus Newfleet Low Dur Cor Pl Bd I HIBIX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 10.41  /  +0.11 %
  • Total Assets 414.2 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.89%
  • Effective Duration 2.00 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis HIBIX

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

  • People Pillar

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

Solid short-term bond exposure with a bend toward securitized credit.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Virtus Newfleet Low Duration Core Plus' recent influx of resources is welcomed, and the group is well-positioned to carry out this credit-focused short-term bond offering.

by Max Curtin
Rated on Published on

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Portfolio Holdings HIBIX

More HIBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

2.62 10.5 Mil
Cash and Equivalents

United States Treasury Notes 4.375%

2.15 8.6 Mil
Government

United States Treasury Notes 4.125%

2.01 8.1 Mil
Government

United States Treasury Notes 5%

1.60 6.4 Mil
Government

Federal Home Loan Mortgage Corp. 6%

0.97 3.9 Mil
Securitized

Towd Point Mortgage Trust 3%

0.77 3.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 6%

0.71 2.9 Mil
Securitized

VERUS SECURITIZATION TRUST 2022-7 5.152%

0.70 2.8 Mil
Securitized

VFI ABS 2022-1, LLC 3.04%

0.59 2.4 Mil
Securitized

Towd Pt Mtg Tr 2017-1 3.5%

0.57 2.3 Mil
Securitized