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Virtus Newfleet Low Dur Cor Pl Bd A HIMZX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.99  /  0.01 %
Total Assets
733.8 Mil
Adj. Expense Ratio
0.760%
Expense Ratio
0.760%
Fee Level
Average
Longest Manager Tenure
9.19 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
1.62%
Effective Duration
1.87 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 10:18 PM GMT+00:00

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Morningstar’s Analysis

Will HIMZX outperform in future?

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

Process Pillar

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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

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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

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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

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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. It earns a Morningstar Analyst Rating of Neutral for its cheapest share classes, while its most expensive share class is rated Negative.

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