Investment objective & strategy
As of Jan. 23, 2026 · prospectusObjective. The fund has an investment objective of providing high current income while attempting to limit changes in the funds net asset value per share caused by interest rate changes.
Strategy. 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. The fund utilizes a value-oriented, research driven approach that seeks to strategically overweight undervalued sectors while applying strict risk controls. Under normal circumstances, the fund invests at least 80% of its assets in bonds, which are fixed income debt obligations of various types of issuers. For purposes of this policy, indirect exposure to bonds through investment in mutual funds and exchange-traded funds (ETFs) that invest in bonds will be considered to be investments by the fund in bonds. Mutual funds and ETFs in which the fund invests may include affiliated … 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. The fund utilizes a value-oriented, research driven approach that seeks to strategically overweight undervalued sectors while applying strict risk controls. Under normal circumstances, the fund invests at least 80% of its assets in bonds, which are fixed income debt obligations of various types of issuers. For purposes of this policy, indirect exposure to bonds through investment in mutual funds and exchange-traded funds (ETFs) that invest in bonds will be considered to be investments by the fund in bonds. Mutual funds and ETFs in which the fund invests may include affiliated funds that are also managed by the funds subadviser. The fund seeks to achieve its objective by investing in a diversified portfolio of primarily short-term fixed income securities having an expected dollar-weighted average duration of three years or less 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 derivative instruments to increase or hedge (decrease) investment exposure to various fixed income sectors and instruments, including, but not limited to, swaps, futures contracts and currency forwards.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $108.96M | 2.29% |
| US TREASURY N/B | — | $75.49M | 1.58% |
| US TREASURY N/B | — | $65.48M | 1.37% |
| FR SD8492 | — | $61.26M | 1.29% |
| US TREASURY N/B | — | $46.82M | 0.98% |
| Virtus Newfleet ABS/MBS ETF | VABS | $45.51M | 0.96% |
| FR SD8494 | — | $44.17M | 0.93% |
| FN FA1728 | FNMA | $41.22M | 0.87% |
| FR SL1127 | FHLMC | $40.35M | 0.85% |
| UMBS, 30 Year | FHLMC | $30.44M | 0.64% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Virtus Newfleet Low Duration Core Plus Bond Fund · HIMZX, PCMZX, HIBIX, VLDRX | 57% | 0.43% |
| Virtus Newfleet Short Duration Core Plus Bond ETF · SDCP | 32% | 0.35% |
| Virtus Newfleet Multi-Sector Intermediate Bond Fund · NAMFX, NCMFX, VMFIX, VMFRX | 32% | 0.60% |
Footnotes
- Expense ratio as of January 23, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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