STHTX: Virtus Seix High Income I

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STHTX Virtus Seix High Income I


Profile

STHTX - Profile

Vitals

  • YTD Return -2.4%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $198 M
  • Holdings in Top 10 13.0%

52 WEEK LOW AND HIGH

$6.18
$4.89
$6.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 113.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Seix High Income Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Oct 03, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Kirkpatrick

Fund Description

The fund invests primarily in a diversified portfolio of higher yielding, lower-rated income-producing debt instruments, including corporate obligations, floating rate loans and other debt obligations. It will invest at least 65%, and may invest up to 100%, of its assets in securities rated below investment grade by the ICE BofAML US Cash Pay High Yield Index or in unrated securities that the subadviser believes are of comparable quality.


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Categories

Performance

STHTX - Performance

Return Ranking - Trailing

Period STHTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -50.6% 7.6% 36.84%
1 Yr -0.8% -49.8% 6.6% 33.74%
3 Yr -1.7%* -22.6% 5.4% 47.22%
5 Yr N/A* -13.9% 3.3% 15.88%
10 Yr N/A* -6.3% 6.4% 15.34%

* Annualized

Return Ranking - Calendar

Period STHTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -6.2% 23.9% 62.08%
2018 -8.7% -18.4% 0.0% 55.95%
2017 N/A -9.5% 6.3% N/A
2016 N/A -0.8% 28.6% N/A
2015 N/A -34.3% 3.5% N/A

Total Return Ranking - Trailing

Period STHTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -50.6% 7.6% 36.84%
1 Yr -0.8% -49.8% 6.6% 33.74%
3 Yr -1.7%* -22.6% 5.4% 56.02%
5 Yr N/A* -13.9% 5.7% 13.72%
10 Yr N/A* -4.1% 6.4% 12.50%

* Annualized

Total Return Ranking - Calendar

Period STHTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -6.2% 23.9% 62.08%
2018 -8.7% -18.4% 1.3% 69.60%
2017 N/A -8.5% 10.5% N/A
2016 N/A -0.8% 39.0% N/A
2015 N/A -32.4% 3.5% N/A

NAV & Total Return History


Holdings

STHTX - Holdings

Concentration Analysis

STHTX Category Low Category High STHTX % Rank
Net Assets 198 M 1.85 M 11.2 B 52.00%
Number of Holdings 245 3 1825 53.75%
Net Assets in Top 10 25.8 M -114 M 1.17 B 51.78%
Weighting of Top 10 13.02% 5.1% 98.4% 60.87%

Top 10 Holdings

  1. Frontier Communications Corporation 8% 2.17%
  2. Altice France Holdings S A 10.5% 1.94%
  3. T-Mobile US, Inc. 11.5% 1.35%
  4. Teva Pharmaceutical Finance Netherlands III B.V. 6% 1.22%
  5. LCPR Senior Secured Financing Designated Activity Company 6.75% 1.10%
  6. Par Pharmaceutical Inc 7.5% 1.09%
  7. Terrier Media Buyer Inc 8.88% 1.09%
  8. TransDigm, Inc. 6.25% 1.03%
  9. Dell International L.L.C. and EMC Corporation 6.1% 1.03%
  10. Markel Corporation 6% 1.02%

Asset Allocation

Weighting Return Low Return High STHTX % Rank
Bonds
97.56% 6.29% 135.89% 17.65%
Cash
2.44% -41.66% 82.83% 61.66%
Stocks
0.00% -15.92% 22.69% 90.59%
Preferred Stocks
0.00% 0.00% 10.37% 86.96%
Other
0.00% -3.75% 30.38% 83.79%
Convertible Bonds
0.00% 0.00% 16.78% 96.05%

Bond Sector Breakdown

Weighting Return Low Return High STHTX % Rank
Corporate
97.18% 0.00% 100.00% 18.65%
Cash & Equivalents
2.44% -9.91% 86.20% 69.84%
Government
0.33% 0.00% 74.59% 40.08%
Securitized
0.05% 0.00% 88.54% 41.67%
Derivative
0.00% 0.00% 58.52% 84.52%
Municipal
0.00% 0.00% 0.34% 78.57%

Bond Geographic Breakdown

Weighting Return Low Return High STHTX % Rank
US
83.14% 6.29% 100.45% 18.18%
Non US
14.42% 0.00% 72.08% 62.06%

Expenses

STHTX - Expenses

Operational Fees

STHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.04% 7.50% 76.76%
Management Fee 0.55% 0.00% 1.84% 38.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 56.00%

Sales Fees

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

Trading Fees

STHTX 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.

STHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 113.00% 1.88% 484.00% 91.74%

Distributions

STHTX - Distributions

Dividend Yield Analysis

STHTX Category Low Category High STHTX % Rank
Dividend Yield 0.00% 0.00% 2.48% 78.99%

Dividend Distribution Analysis

STHTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

STHTX Category Low Category High STHTX % Rank
Net Income Ratio 5.29% -0.81% 9.20% 43.85%

Capital Gain Distribution Analysis

STHTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

STHTX - Fund Manager Analysis

Managers

Michael Kirkpatrick


Start Date

Tenure

Tenure Rank

Aug 01, 2011

9.01

9.0%

Mike serves as a senior portfolio manager with lead portfolio management responsibility for the High Quality High Yield Strategy and the Full Market High Yield Strategy. Mike joined the firm as a leveraged finance research analyst covering financials and has been a senior portfolio manager of the firm since 2007. Prior to joining the firm in 2002, Mike was a senior analyst with Oppenheimer Funds, Inc., covering the telecommunications and cable industries. He was previously vice president and co-head of research at BNY Capital Markets, Inc., where he held responsibility for the telecommunications and consumer related industries. Prior to that he was at Mendham Capital Group as a managing partner in high yield research, where he focused on consumer-related industries. Mike received a B.S. degree in Civil Engineering from the University of Delaware, School of Engineering and an M.B.A. degree from Rutgers University. He has worked in investment management since 1991.

James FitzPatrick


Start Date

Tenure

Tenure Rank

Jun 19, 2013

7.12

7.1%

James is head of leveraged finance trading, and also serves as a co-portfolio manager for the High Quality High Yield Strategy and the Full Market High Yield Strategy. Upon joining the firm in 1997 with a background in fixed income analysis and trading, James served as an analyst, co-portfolio manager, and head trader in the mortgage backed securities group. In 2002, he joined the high yield group as a trader and later was named head of the High Yield Trading team. Prior to joining Seix, James was with Prudential Securities, where he handled corporate, government and mortgage trades as well as settlement and portfolio administration. James received a B.A. degree in Marketing from the University of Delaware and is a CFA Charterholder

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.02 6.07 1.08