SIGVX: Virtus Seix US Govt Secs Ultr-Shrt Bd I

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SIGVX Virtus Seix US Govt Secs Ultr-Shrt Bd I

  • Fund
  • SIGVX
  • Price as of: Dec 12, 2019
  • $9.99
    - $0.01 - 0.10%

Profile

SIGVX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $909 M
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$9.99
$9.98
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Seix U.S. Government Securities Ultra-Short Bond Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Apr 11, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Rieger

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in short duration U.S. government securities of any credit quality. These securities may include, but are not limited to, U.S. Treasury securities, U.S. agency securities, U.S. agency mortgage-backed securities, repurchase agreements and other U.S. government securities. The advisor expects to maintain an average effective duration between 3 months and 1 year. Individual purchases will generally be limited to securities with an effective duration of less than 5 years.


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Categories

Performance

SIGVX - Performance

Return Ranking - Trailing

Period SIGVX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.2% 83.9% 99.86%
1 Yr 0.0% -0.2% 26.6% 99.75%
3 Yr N/A* -2.1% 9.4% 30.16%
5 Yr N/A* -14.7% 6.6% 23.69%
10 Yr N/A* -8.6% 8.5% 34.01%

* Annualized

Return Ranking - Calendar

Period SIGVX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.3% -12.4% 0.8% 4.40%
2017 N/A -2.8% 17.1% N/A
2016 N/A -58.1% 8.6% N/A
2015 N/A -18.3% 3.0% N/A
2014 N/A -60.4% 26.9% N/A

Total Return Ranking - Trailing

Period SIGVX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.2% 83.9% 99.86%
1 Yr 0.0% -5.2% 26.6% 99.39%
3 Yr N/A* -2.1% 9.4% 38.65%
5 Yr N/A* -14.7% 6.6% 33.59%
10 Yr N/A* -8.6% 8.5% 44.56%

* Annualized

Total Return Ranking - Calendar

Period SIGVX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.3% -11.7% 6.5% 9.98%
2017 N/A -2.7% 27.0% N/A
2016 N/A -58.1% 10.7% N/A
2015 N/A -14.6% 4.2% N/A
2014 N/A -60.4% 26.9% N/A

NAV & Total Return History


Holdings

SIGVX - Holdings

Concentration Analysis

SIGVX Category Low Category High SIGVX % Rank
Net Assets 909 M 691 K 247 B 41.87%
Number of Holdings 122 2 17572 78.33%
Net Assets in Top 10 202 M -203 M 25.7 B 36.74%
Weighting of Top 10 22.33% 2.5% 138.1% 46.86%

Top 10 Holdings

  1. Fresb 2015-Sb9 Mortgage Trust 2.42% 3.38%
  2. Federal National Mortgage Association 2.82% 2.82%
  3. Federal National Mortgage Association 2.34% 2.40%
  4. Federal National Mortgage Association 2.39% 2.32%
  5. NCUA GUARANTEED NOTES TRUST 2.29% 2.14%
  6. Federal National Mortgage Association 2.34% 1.88%
  7. Federal National Mortgage Association 3.32% 1.88%
  8. Federal National Mortgage Association 2.22% 1.85%
  9. Federal National Mortgage Association 4.63% 1.85%
  10. Federal National Mortgage Association 2.56% 1.82%

Asset Allocation

Weighting Return Low Return High SIGVX % Rank
Bonds
92.96% 80.25% 160.29% 83.75%
Cash
7.04% -60.29% 28.73% 12.90%
Stocks
0.00% -17.64% 26.52% 23.66%
Preferred Stocks
0.00% 0.00% 8.19% 30.51%
Other
0.00% -36.80% 29.62% 24.84%
Convertible Bonds
0.00% 0.00% 6.26% 53.14%

Bond Sector Breakdown

Weighting Return Low Return High SIGVX % Rank
Securitized
90.26% 0.00% 136.75% 1.28%
Cash & Equivalents
7.04% -60.29% 28.73% 13.04%
Government
2.70% -86.06% 125.74% 50.07%
Derivative
0.00% -25.78% 41.91% 24.09%
Corporate
0.00% 0.00% 98.80% 69.14%
Municipal
0.00% 0.00% 149.42% 79.33%

Bond Geographic Breakdown

Weighting Return Low Return High SIGVX % Rank
US
92.96% 60.74% 157.48% 51.92%
Non US
0.00% -27.08% 24.33% 85.21%

Expenses

SIGVX - Expenses

Operational Fees

SIGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.00% 209.96% 80.93%
Management Fee 0.19% 0.00% 1.25% 6.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.63% 50.61%

Sales Fees

SIGVX 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 0.00% 5.50% N/A

Trading Fees

SIGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

SIGVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 2053.00% 36.63%

Distributions

SIGVX - Distributions

Dividend Yield Analysis

SIGVX Category Low Category High SIGVX % Rank
Dividend Yield 1.40% 0.00% 96.19% 20.99%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SIGVX Category Low Category High SIGVX % Rank
Net Income Ratio 1.89% 0.00% 6.30% 83.05%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SIGVX - Fund Manager Analysis

Managers

Michael Rieger


Start Date

Tenure

Tenure Rank

Mar 17, 2014

5.71

5.7%

Michael is a seasoned senior portfolio manager focused on the securitized sector. He is a member of the Seix Investment Policy Group. Before joining Seix, Michael was a portfolio manager at AIG Global Investment, where he managed an ABS portfolio covering the full rating spectrum in addition to non-agency senior residential MBS, adjustable rate senior mortgage portfolio and international AAA residential MBS portfolios. Michael began his investment management career at Aetna Life and Casualty's Portfolio Hedging Group as an analyst. Michael received an A.B. degree (Cum Laude) in Mathematics from Dartmouth College.

Perry Troisi


Start Date

Tenure

Tenure Rank

Mar 17, 2014

5.71

5.7%

Perry is a seasoned senior portfolio manager focused on the government related and securitized asset classes and a member of the Seix Investment Policy Group. Before joining Seix in 1999, he was a portfolio manager at GRE Insurance Group, where he was responsible for all North American fixed income assets within the group. Prior to that, he was a portfolio manager and analyst at Home Insurance Company, focused primarily on mortgage backed securities. Perry began his career as an account analyst at Goldman, Sachs & Company. He received a B.S. degree in Economics and Computer Coordinate w/Economics from Trinity College and an M.B.A. degree in Finance from New York University.

James F. Keegan


Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.33

5.3%

As CIO, Jim has oversight responsibilities for the investment teams and specific portfolio management responsibilities within the investment grade team. He also leads the Seix Investment Policy Group. Prior to joining Seix, Jim was Head of Investment Grade Corporate & High Yield Bond Management for American Century Investments. In this role he was responsible for portfolio management, strategy, credit research and trading. Prior to this, Jim was Chief Investment Officer at Westmoreland Capital Management and Managing Director of Investment Grade and High Yield Fixed Income at UBS Global Asset Management. At UBS he was Chairman of the Investment Strategy and Credit Policy Committee and directly responsible for management of a number of funds. Earlier in his career he was Director of Research and Chairman of the Credit Strategy Committee at Bankers Trust. Jim received a B.S. degree (Magna Cum Laude) in Business Management from St. Francis College and an M.B.A. degree (Beta Gamma Sigma) from Fordham University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 33.02 7.69 7.54