About PHCIX
Virtus Newfleet High Yield Fund Class I is a mutual fund that seeks high current income with a secondary objective of capital growth. It normally invests at least 80% of its assets in high-yield fixed income securities, often referred to as junk bonds, selected based on issue-specific, sector, and opportunistic factors. The fund employs a disciplined investment process combined with opportunistic trading to capitalize on mispricings, market dislocations, and special situations within the leveraged finance and high yield bond markets. Key characteristics include a focus on sectors such as financial institutions, energy, consumer non-cyclical, communications, and technology, with allocations also to capital goods, utilities, and cash equivalents. Portfolio features encompass an effective duration around 2.7 years, a mix of U.S. and non-U.S. bonds, preferred securities, and convertibles, alongside top holdings in entities like CCO Holdings and Medline Borrower. Managed by Newfleet Asset Management, a division of Virtus Fixed Income Advisers, this institutional share class targets investors seeking exposure to below-investment-grade debt for income generation in the fixed income universe.
Fund Family Virtus
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol PHCIX
Share Class Class I
Index Bloomberg US High Yield 2% Issuer Cap TR
PHCIX had a total return of 5.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.91%.
