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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.20

$518 M

6.19%

$0.57

0.78%

Vitals

YTD Return

1.3%

1 yr return

8.3%

3 Yr Avg Return

1.0%

5 Yr Avg Return

2.8%

Net Assets

$518 M

Holdings in Top 10

12.7%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.20

$518 M

6.19%

$0.57

0.78%

VMFRX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.94%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Multi-Sector Intermediate Bond Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Albrycht

Fund Description

The fund seeks to generate high current income and total return while preserving capital by applying extensive credit research and a time-tested approach designed to capitalize on opportunities across undervalued sectors of the bond market. The portfolio seeks diversification among 14 sectors in an effort to increase return potential and reduce risk.

Under normal circumstances, the fund invests at least 80% of its assets in bonds, which are debt securities of various types of issuers. The fund seeks to achieve its objective by investing in a diversified portfolio of primarily intermediate-term bonds having a dollar-weighted average duration of between three and 10 years and that are in one of the following market sectors:

Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;

Collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”), and other pass-through securities, including those issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;

Debt securities issued by foreign issuers, including foreign governments and their political subdivisions and issuers located in emerging markets;

Investment-grade securities (primarily of U.S. issuers, secondarily of non-U.S. issuers), which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization, including short-term securities; and

High-yield/high-risk debt instruments (so-called “junk bonds”), including bank loans (which are generally floating-rate).

The fund may invest in all or some of these sectors.

The fund may use credit default swaps to increase or hedge (decrease) investment exposure to various fixed income sectors and instruments.

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VMFRX - Performance

Return Ranking - Trailing

Period VMFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -6.5% 5.7% 47.76%
1 Yr 8.3% -9.3% 24.0% 39.41%
3 Yr 1.0%* -16.7% 18.1% 33.82%
5 Yr 2.8%* -13.0% 15.2% 30.02%
10 Yr N/A* -13.4% 6.7% 23.90%

* Annualized

Return Ranking - Calendar

Period VMFRX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -12.0% 15.7% 36.11%
2022 -13.3% -31.8% 18.4% 53.48%
2021 -1.7% -26.6% 25.7% 56.70%
2020 2.0% -49.2% 18.7% 47.88%
2019 6.9% -35.1% 15.3% 23.05%

Total Return Ranking - Trailing

Period VMFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -6.5% 5.7% 47.76%
1 Yr 8.3% -9.3% 24.0% 39.41%
3 Yr 1.0%* -16.7% 18.1% 33.82%
5 Yr 2.8%* -13.0% 15.2% 30.02%
10 Yr N/A* -13.4% 6.7% 23.35%

* Annualized

Total Return Ranking - Calendar

Period VMFRX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -7.0% 22.2% 25.31%
2022 -8.9% -31.8% 21.1% 50.32%
2021 2.4% -13.5% 49.9% 45.92%
2020 6.6% -28.6% 24.1% 39.75%
2019 11.7% -4.8% 19.1% 19.62%

NAV & Total Return History


VMFRX - Holdings

Concentration Analysis

VMFRX Category Low Category High VMFRX % Rank
Net Assets 518 M 2.32 M 127 B 52.40%
Number of Holdings 681 2 10577 37.78%
Net Assets in Top 10 60.8 M -1.57 B 65.8 B 69.65%
Weighting of Top 10 12.70% 0.7% 170.6% 87.19%

Top 10 Holdings

  1. United States Treasury Note/Bond 2.96%
  2. Dreyfus Government Cash Management 2.28%
  3. United States Treasury Note/Bond 1.65%
  4. United States Treasury Note/Bond 0.97%
  5. Fannie Mae Pool 0.96%
  6. United States Treasury Note/Bond 0.96%
  7. Freddie Mac Pool 0.83%
  8. DREYFUS GOVERNMENT CASH MANAGE 0.82%
  9. Angel Oak Mortgage Trust 2022-5 0.70%
  10. Angel Oak Mortgage Trust 2023-1 0.58%

Asset Allocation

Weighting Return Low Return High VMFRX % Rank
Bonds
79.50% -150.81% 203.29% 66.16%
Other
16.00% -72.32% 100.00% 15.93%
Cash
4.28% -94.66% 258.91% 45.52%
Preferred Stocks
0.21% 0.00% 30.46% 28.22%
Convertible Bonds
0.11% 0.00% 33.50% 80.37%
Stocks
0.02% -1.60% 99.88% 69.35%

Stock Sector Breakdown

Weighting Return Low Return High VMFRX % Rank
Utilities
0.00% 0.00% 100.00% 72.34%
Technology
0.00% 0.00% 28.30% 63.73%
Real Estate
0.00% 0.00% 100.00% 71.14%
Industrials
0.00% 0.00% 100.00% 75.15%
Healthcare
0.00% 0.00% 18.60% 73.15%
Financial Services
0.00% 0.00% 100.00% 74.15%
Energy
0.00% 0.00% 100.00% 21.04%
Communication Services
0.00% 0.00% 100.00% 3.41%
Consumer Defense
0.00% 0.00% 99.97% 64.73%
Consumer Cyclical
0.00% 0.00% 89.95% 71.54%
Basic Materials
0.00% 0.00% 100.00% 72.55%

Stock Geographic Breakdown

Weighting Return Low Return High VMFRX % Rank
US
0.02% -1.47% 99.88% 66.46%
Non US
0.00% -0.13% 17.73% 55.39%

Bond Sector Breakdown

Weighting Return Low Return High VMFRX % Rank
Corporate
62.49% 0.00% 96.66% 19.87%
Securitized
25.84% 0.00% 99.65% 35.52%
Government
10.63% 0.00% 99.43% 52.27%
Cash & Equivalents
3.10% 0.00% 88.14% 45.36%
Municipal
0.34% 0.00% 54.26% 26.60%
Derivative
0.00% -72.32% 37.37% 47.34%

Bond Geographic Breakdown

Weighting Return Low Return High VMFRX % Rank
US
79.34% -151.11% 203.29% 46.13%
Non US
0.16% 0.00% 67.77% 66.62%

VMFRX - Expenses

Operational Fees

VMFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 20.67% 75.04%
Management Fee 0.55% 0.00% 2.29% 34.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.70% 47.20%

Sales Fees

VMFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VMFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

VMFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 51.99%

VMFRX - Distributions

Dividend Yield Analysis

VMFRX Category Low Category High VMFRX % Rank
Dividend Yield 6.19% 0.00% 18.15% 35.79%

Dividend Distribution Analysis

VMFRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

VMFRX Category Low Category High VMFRX % Rank
Net Income Ratio 3.94% -1.55% 11.51% 18.18%

Capital Gain Distribution Analysis

VMFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VMFRX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Mar 31, 1994

28.19

28.2%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19