ASHPX — Virtus Newfleet Short Duration High Income Fund

ASHPX Fund Overview

ASHPX — Virtus Newfleet Short Duration High Income Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Virtus Strategy Trust
• Category: Short Corporate Bond
• Assets under management: $699.25M
• 1-year return: 9.3%
• Ticker: ASHPX
• SEC CIK: 0001423227
• SEC series ID: S000033713
• Share class ID: C000103879

ASHPX Investment Objective and Strategy

Virtus Newfleet Short Duration High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Strategy Trust.

Investment objective

The Fund seeks a high level of current income with lower volatility than the broader high yield market.

Principal investment strategy

The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in debt securities (junk bonds) issued by public and private companies, which are rated below investment grade (rated Ba or below by Moodys or BB or below by S&P or Fitch, or if unrated, determined by the Manager to be of comparable quality), while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities. Derivatives transactions may have the effect of either magnifying or limiting the Funds gains and losses. To illustrate the effects of changes in interest rates on a portfolio with a similar average duration, generally, a portfolio with an average duration of three years would be expected to fall approximately 3% if interest rates rose by one percentage point.

The Fund may invest up to 20% of its assets in bank loans. The Fund may invest up to 20% of its assets in non-U.S. securities, which will typically be U.S. dollar-denominated but may also include securities denominated in non-U.S. currencies. The Fund will invest less than 10% of its net assets in securities rated CCC or below by Standard and Poors. The Fund invests in high yield securities (junk bonds) and bank loans, seeking to generate investment income while protecting from adverse market conditions and prioritizing capital preservation. The portfolio managers apply a disciplined investment approach, making use of fundamental research, to construct a portfolio for investment. The teams fundamental research process includes: breakdown of a company and its growth by division and region, including revenue model analysis; profit margin analysis; evaluation of the experience and quality of a companys management team; industry dynamics and competitive analysis; distribution channel and supply chain analysis; and analysis of the macroeconomic climate.

In selecting specific debt instruments for investment, the portfolio managers may look to such factors as the issuers creditworthiness, the investments yield in relation to its credit quality and the investments relative value in relation to the high yield market. The portfolio managers seek to construct a portfolio with lower volatility than the broader high yield market in part through the Funds approach to duration and credit quality. The portfolio managers may sell a security for a variety of reasons, such as to invest in a company offering superior investment opportunities. The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants and other derivative instruments. Although the Fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.

ASHPX Holdings

Top 10 holdings of Virtus Newfleet Short Duration High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all ASHPX holdings

ASHPX Portfolio Allocation

Asset-class allocation of Virtus Newfleet Short Duration High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

ASHPX Performance

Total returns for ASHPX (as of 2026-10-01), from SEC filings.

ASHPX Risk Information

Risk metrics for ASHPX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.9%

ASHPX Costs and Fees

ASHPX costs about $65 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.65%
• Gross expense ratio: 0.78%
• Portfolio turnover: 54%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

ASHPX Cashflows

Over the 12 months to 2026-06, Virtus Newfleet Short Duration High Income Fund had net inflows of $37.19M, from monthly SEC N-PORT filings.

ASHPX Debt Constituents

Largest debt holdings of Virtus Newfleet Short Duration High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

ASHPX Prospectus and SEC Filings

Official Virtus Newfleet Short Duration High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-01-21
• Prospectus (485BPOS) — filed 2025-01-24
• Prospectus (485BPOS) — filed 2024-01-25
• Portfolio holdings (N-PORT) — filed 2026-08-28
• Portfolio holdings (N-PORT) — filed 2026-06-01
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2025-12-15
• Annual census (N-CEN) — filed 2024-12-13

Related Funds

Other Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.