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Morningstar

Virtus Convertible R6 VAADX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 32.68  /  +0.56 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Convertibles
  • Investment Style —
  • Min. Initial Investment 2.5 Mil
  • Status Open
  • TTM Yield 2.78%
  • Turnover 136%

USD | NAV as of May 16, 2024 | 1-Day Return as of May 16, 2024, 12:18 AM GMT+0

Morningstar’s Analysis VAADX

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

  • People Pillar

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

A competitive choice.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Virtus Convertible’s veteran team and adaptable approach keep its competitive edge despite organizational changes; its cheapest shares earn a Morningstar Medalist Rating of Silver, while its pricier ones are rated Bronze and Neutral.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings VAADX

More VAADX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

3.27 41.8 Mil
Financial Services

Us Dollar

2.37 30.3 Mil
Cash and Equivalents

Welltower OP LLC 2.75%

2.28 29.2 Mil
Corporate

Block Inc 0.125%

2.05 26.3 Mil
Corporate

Affirm Holdings Inc

2.05 26.2 Mil
Corporate

PG&E Corporation 4.25%

1.99 25.4 Mil
Corporate

Southern Co. 3.875%

1.84 23.6 Mil
Corporate

Western Digital Corp. 3%

1.80 23.1 Mil
Corporate

Global Payments Inc 1.5%

1.80 23.1 Mil
Corporate

DexCom Inc 0.375%

1.73 22.1 Mil
Corporate