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USD
Virtus Newfleet Short Dur H Inc Instl (ASHIX)
13.20
+0.01
(+0.08%)
At close: 8:00:08 PM EST
Fund Summary
The fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in debt securities issued by public and private companies, which are rated below investment grade, while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities.
Virtus Newfleet Short Dur H Inc Instl
New York NY 10019
C/O Allianz Global Investors,1633 Broadway
Fund Overview
| Category | High Yield Bond |
| Fund Family | Virtus |
| Net Assets | 697.34M |
| YTD Return | 1.26% |
| Yield | 6.51% |
| Morningstar Rating | |
| Inception Date | Oct 03, 2011 |
Fund Operations
| Last Dividend | 0.63 |
| Last Cap Gain | -27.00 |
|---|---|
| Holdings Turnover | 54.00% |
| Average for Category | -- |
Fees & Expenses
| Expense | ASHIX | Category Average |
|---|---|---|
|
Annual Report Expense Ratio (net)
|
0.60% | 0.95% |
|
Prospectus Net Expense Ratio
|
0.60% | -- |
|
Prospectus Gross Expense Ratio
|
0.76% | -- |
|
Max 12b1 Fee
|
-- | -- |
|
Max Front End Sales Load
|
-- | 3.88% |
|
Max Deferred Sales Load
|
-- | 1.28% |
|
3 Yr Expense Projection
|
0 | -- |
|
5 Yr Expense Projection
|
0 | -- |
|
10 Yr Expense Projection
|
0 | -- |
Management Information
David L. Albrycht, Lead Manager since July 25, 2022
David Albrycht, CFA, is president and chief investment officer of Newfleet Asset Management, a division of Virtus Fixed Income Advisers, LLC (“VFIA”). Mr. Albrycht is the senior portfolio manager of several multi-sector fixed income strategies, some dating back to the early 1990s. In his role as CIO, Mr. Albrycht drives top-down strategy for Newfleet’s investment platform, which includes multi-sector and dedicated sector strategies for high yield and bank loans. In addition to managing mutual funds and variable investment options in these strategies, Mr. Albrycht is co-manager of two closed-end funds, Virtus Total Return Fund Inc. (NYSE: ZTR) and Virtus Global Multi-Sector Income Fund (NYSE: VGI). He also is co-manager of four exchange traded funds, Virtus Newfleet Multi-Sector Bond ETF (NYSE: NFLT), Virtus Newfleet Short Duration Core Plus Bond ETF (NYSE: SDCP), Virtus Newfleet Short Duration High Yield Bond ETF (NYSE: VSHY), and Virtus Newfleet ABS/MBS ETF (NYSE: VABS), and two offshore funds, the Virtus GF Multi-Sector Short Duration Bond Fund and the Virtus GF Multi-Sector Income Fund.
Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former investment management subsidiary of Newfleet’s parent, Virtus Investment Partners. Prior to that role, Mr. Albrycht was director of credit research at Goodwin’s predecessor, Phoenix Investment Counsel (PIC). In addition, he managed the Phoenix MISTIC CDO, a $1 billion multi-sector collateralized debt obligation, for which he was responsible for credit analysis and deal structure. He joined the PIC multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1985.Morningstar Style Box
