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Morningstar

Virtus Newfleet Multi-Sector S/T Bd A NARAX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 4.36  /  0.22 %
  • Total Assets 4.5 Bil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • 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 3.27%
  • Effective Duration 2.25 years

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:17 PM GMT+0

Morningstar’s Analysis NARAX

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

People Pillar

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

Strength in Virtus Newfleet Multi-Sector S/ T Bd A's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NARAX

More NARAX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 787
  • Other Holdings 8
  • % Assets in Top 10 Holdings 5.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 2.5%

3.10
142,066,369
Government

United States Treasury Notes 0.125%

1.52
69,669,273
Cash and Equivalents

United States Treasury Notes 0.375%

1.04
47,639,969
Government

Us Dollar

0.77
35,402,600
Cash and Equivalents

Federal National Mortgage Association 5.5%

0.67
30,859,020
Securitized

Petroleos Mexicanos 6.5%

0.64
29,433,938
Corporate

Goldman Sachs Group, Inc. 4.25%

0.51
23,431,635
Corporate

United States Treasury Notes 0.25%

0.51
23,184,494
Government

Federal National Mortgage Association 4.5%

0.49
22,663,834
Securitized

Csmc 2019-Ice4 6.173%

0.49
22,614,994
Securitized