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Morningstar

Virtus Newfleet Core Plus Bond A SAVAX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 9.82  /  −0.29 %
  • Total Assets 266.2 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.51%
  • Effective Duration 5.82 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis SAVAX

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

  • People Pillar

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

Strength in Virtus Newfleet Core Plus Bond 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-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings SAVAX

More SAVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.625%

3.33 7.0 Mil
Government

United States Treasury Bonds 4.125%

2.95 6.2 Mil
Government

Us Dollar

2.21 4.6 Mil
Cash and Equivalents

United States Treasury Notes 3.375%

1.83 3.8 Mil
Government

Federal Home Loan Mortgage Corp. 6%

1.45 3.0 Mil
Securitized

United States Treasury Bonds 4%

1.32 2.8 Mil
Government

United States Treasury Notes 4.625%

1.26 2.6 Mil
Government

United States Treasury Bonds 4.75%

1.23 2.6 Mil
Government

United States Treasury Bonds 3%

1.21 2.5 Mil
Government

Federal National Mortgage Association 6%

1.11 2.3 Mil
Securitized