NARAX: Virtus Newfleet Multi-Sector Short Term Bond Fund - MutualFunds.com
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Virtus Newfleet Multi-Sector S/T Bd A

NARAX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $6.13 B
  • Holdings in Top 10 5.1%

52 WEEK LOW AND HIGH

$4.80
$4.26
$4.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $100

Fund Classification


Compare NARAX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.02

0.00%

$72.47 B

2.23%

$0.25

-0.09%

-

$82.79

-0.05%

$61.16 B

1.79%

$1.48

-0.13%

-

$10.86

0.00%

$61.16 B

-

$0.00

-0.09%

-

$4.22

0.00%

$56.26 B

2.86%

$0.12

0.24%

-

$83.13

-0.02%

$42.95 B

2.27%

$1.89

-0.14%

-

NARAX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Multi-Sector Short Term Bond Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Jul 06, 1992
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Albrycht

Fund Description

The fund seeks current income with an emphasis on maintaining low volatility and overall short duration by investing primarily in higher quality, more liquid securities across 14 bond market sectors. It invests at least 80% of its assets in bonds, which are fixed income debt obligations of various types of issuers. The fund invests in a diversified portfolio of primarily short-term fixed income securities having an expected dollar-weighted average maturity of three years or less.


NARAX - Performance

Return Ranking - Trailing

Period NARAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.6% 2.1% 59.60%
1 Yr 4.3% -4.6% 8.1% 36.03%
3 Yr 3.2%* 0.7% 5.4% 45.96%
5 Yr 3.6%* 0.9% 6.0% 8.87%
10 Yr 3.3%* 0.3% 4.4% 4.82%

* Annualized

Return Ranking - Calendar

Period NARAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.5% -23.0% 206.3% 58.41%
2019 3.1% -2.4% 5.0% 15.08%
2018 -3.6% -50.6% 1.0% 97.29%
2017 0.6% -1.6% 2.8% 9.32%
2016 1.9% -65.8% 7.1% 8.95%

Total Return Ranking - Trailing

Period NARAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.6% 2.1% 59.60%
1 Yr 2.0% -6.3% 8.1% 79.12%
3 Yr 2.4%* -0.4% 5.4% 80.43%
5 Yr 3.2%* 0.2% 6.0% 20.94%
10 Yr 3.1%* 0.2% 4.4% 8.43%

* Annualized

Total Return Ranking - Calendar

Period NARAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.5% -23.0% 206.3% 58.41%
2019 3.1% -2.3% 7.2% 15.44%
2018 -3.6% -4.2% 6.5% 97.87%
2017 0.6% -1.6% 5.9% 25.00%
2016 1.9% -65.2% 10.7% 15.66%

NAV & Total Return History


NARAX - Holdings

Concentration Analysis

NARAX Category Low Category High NARAX % Rank
Net Assets 6.13 B 4.42 M 72.5 B 19.24%
Number of Holdings 854 3 4692 20.47%
Net Assets in Top 10 307 M -153 M 7.31 B 42.26%
Weighting of Top 10 5.06% 2.3% 100.0% 98.55%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 1.03%
  2. iShares iBoxx $ Invmt Grade Corp Bd ETF 0.49%
  3. GALTON FUNDING MORTGAGE TRUST 2.31% 0.47%
  4. Goldman Sachs Group, Inc. 4.25% 0.46%
  5. Citigroup Inc. 3.2% 0.45%
  6. Csmc 2019-Ice4 1.13% 0.45%
  7. Arroyo Mortgage Tst 3.76% 0.44%
  8. Morgan Stanley 3.88% 0.43%
  9. United States Treasury Notes 1.25% 0.43%
  10. FAIR SQUARE ISSUANCE TRUST 2.9% 0.43%

Asset Allocation

Weighting Return Low Return High NARAX % Rank
Bonds
96.92% 32.11% 171.18% 14.98%
Cash
2.51% -74.00% 66.46% 69.55%
Convertible Bonds
0.56% 0.00% 22.69% 86.52%
Stocks
0.01% -1.00% 6.71% 13.98%
Preferred Stocks
0.00% 0.00% 47.96% 90.85%
Other
0.00% -6.41% 20.42% 84.19%

Bond Sector Breakdown

Weighting Return Low Return High NARAX % Rank
Securitized
48.90% 0.00% 88.90% 10.98%
Corporate
41.46% 0.00% 99.95% 48.42%
Government
7.06% 0.00% 76.57% 78.20%
Cash & Equivalents
2.51% 0.00% 66.46% 80.03%
Municipal
0.08% 0.00% 22.58% 47.09%
Derivative
0.00% 0.00% 26.94% 86.69%

Bond Geographic Breakdown

Weighting Return Low Return High NARAX % Rank
US
83.35% 0.00% 135.33% 37.94%
Non US
13.57% -19.58% 82.71% 46.26%

NARAX - Expenses

Operational Fees

NARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.01% 34.57% 32.87%
Management Fee 0.47% 0.00% 1.19% 83.94%
12b-1 Fee 0.25% 0.00% 1.00% 53.73%
Administrative Fee 0.10% 0.01% 0.50% 65.82%

Sales Fees

NARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 1.00% 5.75% 73.33%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

NARAX 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.

NARAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 496.37% 47.70%

NARAX - Distributions

Dividend Yield Analysis

NARAX Category Low Category High NARAX % Rank
Dividend Yield 0.00% 0.00% 2.73% 85.76%

Dividend Distribution Analysis

NARAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NARAX Category Low Category High NARAX % Rank
Net Income Ratio 2.58% -9.96% 4.42% 22.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NARAX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Aug 31, 1993

27.35

27.4%

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
0.06 27.92 5.87 1.0