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Morningstar

Virtus Newfleet Low Dur Cor Pl Bd A HIMZX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.30  /  0.20 %
  • Total Assets 482.4 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 1.85%
  • Effective Duration 1.96 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis HIMZX

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

People Pillar

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

A credit-focused short-term offering.

Analyst

Summary

| by Sam Kulahan

Virtus Newfleet Low Duration Core Plus’ experienced managers apply a multisector approach that relies heavily on credit, but the team lacks strength in numbers in some areas. Its cheapest share classes earn a Morningstar Analyst Rating of Neutral, while its most-expensive share class is rated Negative.

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