About HIBIX
Virtus Newfleet Low Duration Core Plus Bond Fund Class I is a mutual fund that seeks to generate attractive total return through current income and capital appreciation. It invests primarily in short-duration debt securities across 14 global bond sectors, maintaining an average effective duration of approximately 2 years within a 1- to 3-year range. The fund employs a disciplined investment process featuring relative value analysis across sectors and industries, evaluating yields, spreads, supply/demand dynamics, and fundamentals, alongside extensive bottom-up fundamental research on individual bond quality, credit risk, valuation, and technical factors. Its diversified portfolio includes significant allocations to asset-backed securities, investment grade corporates, non-agency residential mortgage-backed securities, Treasuries, and mortgage-backed securities, with smaller exposures to high yield corporates, bank loans, and emerging market debt. This short-term bond strategy emphasizes higher-quality, more liquid securities to manage interest rate sensitivity and capitalize on undervalued fixed income opportunities, serving investors seeking income with limited volatility in the broader bond market.
Fund Family Virtus
Category Short-Term Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol HIBIX
Share Class Class I
Index ICE BofA US Corp/Govt Bond 1-5 Year TR
HIBIX had a total return of 4.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.94%.
