About PHCHX
Virtus Newfleet High Yield Fund Class A is a mutual fund in the high yield bond category that seeks to generate high current income and secondary capital growth. It primarily invests at least 80% of its assets in high-yield fixed income securities, often referred to as junk bonds, selected through a disciplined process considering issue-specific, sector, and opportunistic factors. The fund employs active management with extensive fundamental research, focusing on bottom-up analysis of bond quality, credit risk, business viability, financial strength, and loan structures to identify well-valued companies with improving profiles. Managed by Newfleet Asset Management, a division of Virtus Fixed Income Advisers, LLC, it benefits from a team of professionals experienced across the fixed income universe, utilizing active sector rotation and risk management for diversified portfolios. Key features include broad diversification across sectors like financial institutions, energy, consumer non-cyclical, and communications, with holdings in corporate bonds from various industries. The fund pays daily dividends and maintains a portfolio with over 200 holdings, emphasizing opportunistic trading to capitalize on market mispricings and dislocations. Class A shares feature a maximum front-end sales charge. Virtus Newfleet High Yield Fund Class A plays a role in providing investors exposure to the leveraged finance segment of fixed income markets.
Fund Family Virtus
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PHCHX
Share Class Class A
Index Bloomberg US High Yield 2% Issuer Cap TR
PHCHX had a total return of 3.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.97%.
