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
Performance Rating Above Average
Risk Rating Average
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 3.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.93%.
