Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Virtus Newfleet Multi-Sector S/T Bd C1 PMSTX
- NAV / 1-Day Return 4.53 / +0.01 %
- Total Assets 4.4 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.660%
- Distribution Fee Level High
- 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 3.40%
- Effective Duration 2.05 years
USD | NAV as of May 07, 2024 | 1-Day Return as of May 07, 2024, 10:24 PM GMT+0
Morningstar’s Analysis PMSTX
Will PMSTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Notes 2.5% | 3.39 | 149.8 Mil | Cash and Equivalents |
United States Treasury Notes 1% | 1.31 | 57.8 Mil | Government |
United States Treasury Notes 4.375% | 1.26 | 55.7 Mil | Government |
Federal Home Loan Mortgage Corp. 6% | 0.95 | 42.2 Mil | Securitized |
Dreyfus Government Cash Mgmt Instl | 0.93 | 41.0 Mil | Cash and Equivalents |
Federal National Mortgage Association 5.5% | 0.66 | 29.1 Mil | Securitized |
Petroleos Mexicanos 6.5% | 0.55 | 24.3 Mil | Corporate |
United States Treasury Notes 1.625% | 0.54 | 24.0 Mil | Government |
Csmc 2019-Ice4 6.35301% | 0.51 | 22.7 Mil | Securitized |
Federal National Mortgage Association 4.5% | 0.49 | 21.6 Mil | Securitized |