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Morningstar

Virtus Newfleet Low Dur Cor Pl Bd C PCMZX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 10.19  /  0.19 %
  • Total Assets 392.6 Mil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.500%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.33%
  • Effective Duration 2.08 years

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 12:25 AM GMT+0

Morningstar’s Analysis PCMZX

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

People Pillar

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

Added research resources are encouraging, but still fresh.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Virtus Newfleet Low Duration Core Plus’ substantial new resources bolster the team and provide additional securitized research depth, underpinning Morningstar Medalist Ratings of Neutral and Negative, depending on fees.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PCMZX

More PCMZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 480
  • Other Holdings 9
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.125%

2.83
12,239,732
Government

United States Treasury Notes 0.125%

1.63
7,026,931
Cash and Equivalents

United States Treasury Notes 2.5%

1.00
4,309,626
Government

NMEF FUNDING LLC 1.85%

0.71
3,084,889
Securitized

Towd Point Mortgage Trust 3%

0.70
3,019,695
Securitized

VERUS SECURITIZATION TRUST 2022-7 5.152%

0.66
2,848,956
Securitized

Us Dollar

0.65
2,798,791
Cash and Equivalents

VFI ABS 2022-1, LLC 3.04%

0.53
2,306,094
Securitized

Towd Pt Mtg Tr 2017-1 3.5%

0.52
2,255,594
Securitized

Fnma Pass-Thru I 5%

0.52
2,235,517
Securitized