Virtus Seix High Yield Income Fund
Name
As of 03/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$27.7 M
Holdings in Top 10
17.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AYBAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.93%
- Dividend Yield 7.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus Seix High Yield Income Fund
-
Fund Family NameAllianz Funds
-
Inception DateJul 31, 1996
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Oberto
Fund Description
The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in high yield securities (“junk bonds”), which are fixed income securities rated below investment grade or unrated and determined to be of similar quality. The fund’s fixed income securities may be fixed-, variable- or floating-rate. The fund invests across the entire range of maturities of high yield securities.
The portfolio managers follow a disciplined, fundamental bottom-up research process, which facilitates the early identification of high yield issuers demonstrating an ability to improve their fundamental characteristics. The portfolio managers select issuers that exceed minimum credit statistics and that they believe exhibit high visibility of future expected operating performance. The portfolio managers look for the following in high yield investment candidates: ability to exceed market expectations of operating earnings; the potential for bond rating upgrades; debt reduction capabilities; the ability to secure other sources of capital; and the potential to be recognized as an acquisition candidate. The fundamental research process generally includes: breakdown of a company and its growth by division and region, including revenue model analysis; profit margin analysis; experience and quality of its management; industry dynamics and competitive analysis; distribution channel and supply chain analysis; and macroeconomic climate. The fund may invest in the securities of issuers of any market capitalization, including smaller capitalization companies. The fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments. Although the fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.
AYBAX - Performance
Return Ranking - Trailing
Period | AYBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.9% | 8.2% | 99.84% |
1 Yr | N/A | -4.3% | 26.0% | 91.45% |
3 Yr | N/A* | -15.6% | 20.6% | 73.66% |
5 Yr | N/A* | -11.2% | 37.3% | 74.79% |
10 Yr | N/A* | -4.7% | 19.5% | 76.74% |
* Annualized
Return Ranking - Calendar
Period | AYBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.4% | -4.7% | 14.3% | 0.93% |
2022 | -15.7% | -33.4% | 3.6% | 52.19% |
2021 | 0.6% | -8.4% | 14.9% | 32.79% |
2020 | -2.0% | -13.9% | 302.7% | 81.34% |
2019 | 8.2% | -4.4% | 13.3% | 47.24% |
Total Return Ranking - Trailing
Period | AYBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.9% | 8.2% | 99.84% |
1 Yr | N/A | -4.3% | 26.0% | 91.45% |
3 Yr | N/A* | -15.6% | 20.6% | 73.66% |
5 Yr | N/A* | -11.2% | 37.3% | 74.79% |
10 Yr | N/A* | -4.7% | 19.5% | 76.74% |
* Annualized
Total Return Ranking - Calendar
Period | AYBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.6% | -4.7% | 18.7% | 2.17% |
2022 | -11.2% | -33.4% | 47.8% | 62.23% |
2021 | 5.4% | -8.4% | 24.8% | 40.78% |
2020 | 3.3% | -9.6% | 325.6% | 80.84% |
2019 | 13.7% | -3.8% | 21.5% | 50.69% |
NAV & Total Return History
AYBAX - Holdings
Concentration Analysis
AYBAX | Category Low | Category High | AYBAX % Rank | |
---|---|---|---|---|
Net Assets | 27.7 M | 1.85 M | 22.6 B | 94.62% |
Number of Holdings | 162 | 2 | 2736 | 80.86% |
Net Assets in Top 10 | 5.84 M | -492 M | 4.45 B | 93.36% |
Weighting of Top 10 | 17.75% | 4.2% | 149.6% | 28.24% |
Top 10 Holdings
- CCF Holdings LLC 4.06%
- Virtus Seix Senior Loan ETF 3.91%
- Ford Motor Credit Co LLC 1.98%
- United Wholesale Mortgage LLC 1.21%
- LCPR Senior Secured Financing DAC 1.19%
- FirstCash Inc 1.10%
- CCO Holdings LLC / CCO Holdings Capital Corp 1.08%
- WESCO Distribution Inc 1.08%
- Virgin Media Secured Finance PLC 1.07%
- Uber Technologies Inc 1.07%
Asset Allocation
Weighting | Return Low | Return High | AYBAX % Rank | |
---|---|---|---|---|
Bonds | 85.22% | -3.13% | 154.38% | 91.55% |
Stocks | 8.86% | 0.00% | 99.61% | 4.76% |
Cash | 4.13% | -52.00% | 49.49% | 43.67% |
Preferred Stocks | 0.96% | 0.00% | 8.06% | 11.11% |
Convertible Bonds | 0.85% | 0.00% | 17.89% | 63.27% |
Other | 0.83% | -63.70% | 102.57% | 15.74% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AYBAX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 82.82% |
Technology | 0.00% | 0.00% | 33.17% | 83.98% |
Real Estate | 0.00% | 0.00% | 86.71% | 81.85% |
Industrials | 0.00% | 0.00% | 93.12% | 0.77% |
Healthcare | 0.00% | 0.00% | 22.17% | 82.63% |
Financial Services | 0.00% | 0.00% | 100.00% | 84.17% |
Energy | 0.00% | 0.00% | 100.00% | 95.56% |
Communication Services | 0.00% | 0.00% | 99.99% | 89.19% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 83.01% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 84.94% |
Basic Materials | 0.00% | 0.00% | 100.00% | 88.03% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AYBAX % Rank | |
---|---|---|---|---|
US | 8.86% | 0.00% | 99.61% | 4.78% |
Non US | 0.00% | -0.01% | 0.83% | 79.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AYBAX % Rank | |
---|---|---|---|---|
Corporate | 96.22% | 0.00% | 129.69% | 39.41% |
Derivative | 0.83% | -15.04% | 42.26% | 5.25% |
Cash & Equivalents | 0.00% | 0.00% | 49.49% | 98.15% |
Securitized | 0.00% | 0.00% | 97.24% | 87.79% |
Municipal | 0.00% | 0.00% | 4.66% | 75.58% |
Government | 0.00% | 0.00% | 99.07% | 82.07% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AYBAX % Rank | |
---|---|---|---|---|
US | 85.22% | -3.13% | 129.21% | 78.40% |
Non US | 0.00% | 0.00% | 97.33% | 82.56% |
AYBAX - Expenses
Operational Fees
AYBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.35% | 0.04% | 31.61% | 28.40% |
Management Fee | 0.48% | 0.00% | 1.84% | 25.85% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.06% |
Administrative Fee | N/A | 0.00% | 0.50% | 97.19% |
Sales Fees
AYBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 2.25% | 5.75% | 67.00% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AYBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AYBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 255.00% | 61.88% |
AYBAX - Distributions
Dividend Yield Analysis
AYBAX | Category Low | Category High | AYBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.26% | 0.00% | 35.52% | 57.82% |
Dividend Distribution Analysis
AYBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
AYBAX | Category Low | Category High | AYBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.93% | -2.39% | 14.30% | 23.86% |
Capital Gain Distribution Analysis
AYBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 13, 2024 | $0.031 | OrdinaryDividend |
Feb 22, 2024 | $0.047 | OrdinaryDividend |
Jan 18, 2024 | $0.047 | OrdinaryDividend |
Dec 21, 2023 | $0.053 | OrdinaryDividend |
Nov 16, 2023 | $0.034 | OrdinaryDividend |
Oct 19, 2023 | $0.034 | OrdinaryDividend |
Sep 21, 2023 | $0.034 | OrdinaryDividend |
Aug 17, 2023 | $0.034 | OrdinaryDividend |
Jul 20, 2023 | $0.034 | OrdinaryDividend |
Jun 22, 2023 | $0.034 | OrdinaryDividend |
May 18, 2023 | $0.034 | OrdinaryDividend |
Apr 20, 2023 | $0.034 | OrdinaryDividend |
Mar 16, 2023 | $0.034 | OrdinaryDividend |
Feb 16, 2023 | $0.034 | OrdinaryDividend |
Jan 19, 2023 | $0.033 | OrdinaryDividend |
Dec 22, 2022 | $0.034 | OrdinaryDividend |
Nov 17, 2022 | $0.034 | OrdinaryDividend |
Oct 20, 2022 | $0.034 | OrdinaryDividend |
Sep 22, 2022 | $0.034 | OrdinaryDividend |
Aug 18, 2022 | $0.034 | OrdinaryDividend |
Jul 21, 2022 | $0.034 | OrdinaryDividend |
Jun 16, 2022 | $0.034 | OrdinaryDividend |
May 19, 2022 | $0.034 | OrdinaryDividend |
Apr 22, 2022 | $0.034 | OrdinaryDividend |
Mar 17, 2022 | $0.034 | OrdinaryDividend |
Jan 20, 2022 | $0.034 | OrdinaryDividend |
Dec 16, 2021 | $0.034 | OrdinaryDividend |
Nov 18, 2021 | $0.034 | OrdinaryDividend |
Oct 21, 2021 | $0.034 | OrdinaryDividend |
Sep 16, 2021 | $0.036 | OrdinaryDividend |
Aug 19, 2021 | $0.034 | OrdinaryDividend |
Jul 22, 2021 | $0.033 | OrdinaryDividend |
Jun 17, 2021 | $0.034 | OrdinaryDividend |
May 20, 2021 | $0.034 | OrdinaryDividend |
Apr 22, 2021 | $0.034 | OrdinaryDividend |
Mar 18, 2021 | $0.037 | OrdinaryDividend |
Feb 18, 2021 | $0.037 | OrdinaryDividend |
Jan 21, 2021 | $0.037 | OrdinaryDividend |
Dec 17, 2020 | $0.037 | OrdinaryDividend |
Nov 19, 2020 | $0.037 | OrdinaryDividend |
Oct 22, 2020 | $0.037 | OrdinaryDividend |
Sep 17, 2020 | $0.037 | OrdinaryDividend |
Aug 19, 2020 | $0.038 | OrdinaryDividend |
Jul 16, 2020 | $0.036 | OrdinaryDividend |
Jun 18, 2020 | $0.036 | OrdinaryDividend |
May 21, 2020 | $0.036 | OrdinaryDividend |
Apr 16, 2020 | $0.037 | OrdinaryDividend |
Mar 19, 2020 | $0.037 | OrdinaryDividend |
Feb 20, 2020 | $0.037 | OrdinaryDividend |
Jan 16, 2020 | $0.036 | OrdinaryDividend |
Dec 19, 2019 | $0.037 | OrdinaryDividend |
Nov 21, 2019 | $0.037 | OrdinaryDividend |
Oct 17, 2019 | $0.036 | OrdinaryDividend |
Sep 19, 2019 | $0.037 | OrdinaryDividend |
Aug 22, 2019 | $0.036 | OrdinaryDividend |
Jul 18, 2019 | $0.036 | OrdinaryDividend |
Jun 20, 2019 | $0.038 | OrdinaryDividend |
May 16, 2019 | $0.038 | OrdinaryDividend |
Apr 18, 2019 | $0.037 | OrdinaryDividend |
Mar 21, 2019 | $0.037 | OrdinaryDividend |
Feb 21, 2019 | $0.037 | OrdinaryDividend |
Jan 17, 2019 | $0.037 | OrdinaryDividend |
Dec 20, 2018 | $0.037 | OrdinaryDividend |
Nov 15, 2018 | $0.036 | OrdinaryDividend |
Oct 18, 2018 | $0.036 | OrdinaryDividend |
Sep 20, 2018 | $0.038 | OrdinaryDividend |
Aug 16, 2018 | $0.038 | OrdinaryDividend |
Jul 19, 2018 | $0.038 | OrdinaryDividend |
Jun 21, 2018 | $0.037 | OrdinaryDividend |
May 17, 2018 | $0.039 | OrdinaryDividend |
Apr 19, 2018 | $0.039 | OrdinaryDividend |
Mar 22, 2018 | $0.037 | OrdinaryDividend |
Feb 22, 2018 | $0.038 | OrdinaryDividend |
Jan 18, 2018 | $0.038 | OrdinaryDividend |
Dec 21, 2017 | $0.038 | OrdinaryDividend |
Nov 16, 2017 | $0.038 | OrdinaryDividend |
Oct 19, 2017 | $0.039 | OrdinaryDividend |
Sep 21, 2017 | $0.038 | OrdinaryDividend |
Aug 17, 2017 | $0.038 | OrdinaryDividend |
Jul 20, 2017 | $0.038 | OrdinaryDividend |
Jun 22, 2017 | $0.041 | OrdinaryDividend |
May 18, 2017 | $0.041 | OrdinaryDividend |
Apr 20, 2017 | $0.041 | OrdinaryDividend |
Mar 16, 2017 | $0.040 | OrdinaryDividend |
Feb 16, 2017 | $0.042 | OrdinaryDividend |
Jan 19, 2017 | $0.043 | OrdinaryDividend |
Dec 22, 2016 | $0.043 | OrdinaryDividend |
Nov 17, 2016 | $0.043 | OrdinaryDividend |
Oct 20, 2016 | $0.043 | OrdinaryDividend |
Sep 22, 2016 | $0.043 | OrdinaryDividend |
Aug 18, 2016 | $0.043 | OrdinaryDividend |
Jul 21, 2016 | $0.043 | OrdinaryDividend |
Jun 16, 2016 | $0.045 | OrdinaryDividend |
May 19, 2016 | $0.045 | OrdinaryDividend |
Apr 21, 2016 | $0.045 | OrdinaryDividend |
Mar 17, 2016 | $0.045 | OrdinaryDividend |
Feb 18, 2016 | $0.048 | OrdinaryDividend |
Jan 21, 2016 | $0.048 | OrdinaryDividend |
Dec 17, 2015 | $0.047 | OrdinaryDividend |
Nov 19, 2015 | $0.047 | OrdinaryDividend |
Oct 22, 2015 | $0.048 | OrdinaryDividend |
Sep 17, 2015 | $0.046 | OrdinaryDividend |
Aug 20, 2015 | $0.046 | OrdinaryDividend |
Jul 16, 2015 | $0.046 | OrdinaryDividend |
Jun 18, 2015 | $0.046 | OrdinaryDividend |
May 21, 2015 | $0.048 | OrdinaryDividend |
Apr 16, 2015 | $0.048 | OrdinaryDividend |
Mar 19, 2015 | $0.053 | OrdinaryDividend |
Feb 19, 2015 | $0.053 | OrdinaryDividend |
Jan 22, 2015 | $0.052 | OrdinaryDividend |
Dec 18, 2014 | $0.051 | OrdinaryDividend |
Nov 20, 2014 | $0.053 | OrdinaryDividend |
Oct 16, 2014 | $0.052 | OrdinaryDividend |
Sep 18, 2014 | $0.052 | OrdinaryDividend |
Aug 21, 2014 | $0.057 | OrdinaryDividend |
Jul 17, 2014 | $0.056 | OrdinaryDividend |
Jun 19, 2014 | $0.057 | OrdinaryDividend |
May 22, 2014 | $0.057 | OrdinaryDividend |
Apr 17, 2014 | $0.057 | OrdinaryDividend |
Mar 20, 2014 | $0.058 | OrdinaryDividend |
Feb 20, 2014 | $0.058 | OrdinaryDividend |
Jan 16, 2014 | $0.058 | OrdinaryDividend |
Dec 19, 2013 | $0.058 | OrdinaryDividend |
Nov 21, 2013 | $0.058 | OrdinaryDividend |
Oct 17, 2013 | $0.057 | OrdinaryDividend |
Sep 19, 2013 | $0.057 | OrdinaryDividend |
Aug 22, 2013 | $0.057 | OrdinaryDividend |
Jul 18, 2013 | $0.058 | OrdinaryDividend |
Jun 20, 2013 | $0.057 | OrdinaryDividend |
May 16, 2013 | $0.057 | OrdinaryDividend |
Apr 18, 2013 | $0.058 | OrdinaryDividend |
Mar 21, 2013 | $0.058 | OrdinaryDividend |
Feb 21, 2013 | $0.058 | OrdinaryDividend |
Jan 17, 2013 | $0.058 | OrdinaryDividend |
Dec 20, 2012 | $0.058 | OrdinaryDividend |
Nov 15, 2012 | $0.058 | OrdinaryDividend |
Oct 18, 2012 | $0.058 | OrdinaryDividend |
Sep 20, 2012 | $0.071 | OrdinaryDividend |
Aug 16, 2012 | $0.060 | OrdinaryDividend |
Jul 19, 2012 | $0.060 | OrdinaryDividend |
Jun 21, 2012 | $0.060 | OrdinaryDividend |
May 17, 2012 | $0.060 | OrdinaryDividend |
Apr 19, 2012 | $0.060 | OrdinaryDividend |
Mar 22, 2012 | $0.060 | OrdinaryDividend |
Feb 16, 2012 | $0.061 | OrdinaryDividend |
Jan 19, 2012 | $0.061 | OrdinaryDividend |
Dec 22, 2011 | $0.061 | OrdinaryDividend |
Nov 17, 2011 | $0.061 | OrdinaryDividend |
Oct 20, 2011 | $0.062 | OrdinaryDividend |
Sep 22, 2011 | $0.060 | OrdinaryDividend |
Aug 18, 2011 | $0.060 | OrdinaryDividend |
Jul 21, 2011 | $0.060 | OrdinaryDividend |
Jun 16, 2011 | $0.063 | OrdinaryDividend |
May 19, 2011 | $0.063 | OrdinaryDividend |
Apr 21, 2011 | $0.063 | OrdinaryDividend |
Mar 17, 2011 | $0.063 | OrdinaryDividend |
Feb 17, 2011 | $0.064 | OrdinaryDividend |
Jan 20, 2011 | $0.073 | OrdinaryDividend |
Dec 16, 2010 | $0.083 | OrdinaryDividend |
Nov 18, 2010 | $0.073 | OrdinaryDividend |
Oct 21, 2010 | $0.073 | OrdinaryDividend |
Sep 16, 2010 | $0.074 | OrdinaryDividend |
Aug 19, 2010 | $0.073 | OrdinaryDividend |
Jul 22, 2010 | $0.000 | OrdinaryDividend |
Jun 17, 2010 | $0.001 | OrdinaryDividend |
May 20, 2010 | $0.001 | OrdinaryDividend |
Apr 22, 2010 | $0.003 | OrdinaryDividend |
AYBAX - Fund Manager Analysis
Managers
David Oberto
Start Date
Tenure
Tenure Rank
Apr 10, 2017
5.14
5.1%
Mr. Oberto is a portfolio manager and a director with Allianz Global Investors, which he joined in 2007. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He has been a portfolio manager for the firm’s US High Yield Bond strategy since 2017. In addition to management responsibility for institutional clients, Mr. Oberto is responsible for managing multiple closed-end and open-end mutual funds. He has 17 years of investment industry experience. Mr. Oberto was previously a portfolio administrator, a credit default swaps (CDS) account manager and a trade-closer for Bain Capital. He began his career as an intern at Gabelli Asset Management. Mr. Oberto has a B.S.B.A. with a concentration in finance and a minor in economics from Fordham University and an M.S. in finance from the D’Amore-McKim School of Business at Northeastern University.
Michael Yee
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Mr. Yee is a portfolio manager and a managing director with Allianz Global Investors, which he joined in 1995. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. He is also a lead portfolio manager for the firm’s Income and Growth strategy since its inception in 2007. Mr. Yee is responsible for managing multiple closed-end and open-end mutual funds. He was previously an analyst for the Global and Systematic team with responsibilities focused on US large cap equity strategies. In addition, he also worked in global portfolio administration and in client service. Mr. Yee was previously a financial consultant for Priority One Financial/Liberty Foundation. He has a B.S. from the University of California, San Diego, and an M.B.A. from San Diego State University.
Justin Kass
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Mr. Kass is a portfolio manager, a managing director, CIO and co-head US Income and Growth Strategies with Allianz Global Investors, which he joined in 2000. He has portfolio management, research and trading responsibilities for the Income and Growth Strategies team. In 2003, Mr. Kass was promoted to portfolio management and began handling day-to-day portfolio manager responsibilities for the firm’s US Convertible strategy in 2005. He is also a lead portfolio manager for the firm’s Income & Growth strategy since its inception in 2007. In addition to management responsibility for institutional clients, Mr. Kass is responsible for managing multiple closed-end and open-end mutual funds. Previous to joining the firm, Mr. Kass interned on the Income and Growth Strategies team, adding significant depth to its proprietary Upgrade Alert Model. He has 24 years of investment industry experience. Mr. Kass has a B.S. from the University of California, Davis, and an M.B.A. from the UCLA Anderson School of Management. He is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |