AYBAX — Virtus Seix High Yield Income Fund

AYBAX Fund Overview

AYBAX — Virtus Seix High Yield 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: $32.89M
• 1-year return: -26.3%
• Ticker: AYBAX
• SEC CIK: 0001423227
• SEC series ID: S000028360
• Share class ID: C000086670

AYBAX Investment Objective and Strategy

Virtus Seix High Yield 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 and capital growth.

Principal investment strategy

The Fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in high yield securities (junk bonds), which are fixed income securities rated below investment grade or unrated and determined to be of similar quality. The Funds fixed income securities may be fixed-, variable- or floating-rate. The Fund invests across the entire range of maturities of high yield securities. The portfolio managers follow a disciplined, fundamental bottom-up research process, which facilitates the early identification of high yield issuers demonstrating an ability to improve their fundamental characteristics. The portfolio managers select issuers that exceed minimum credit statistics and that they believe exhibit high visibility of future expected operating performance.

The portfolio managers look for the following in high yield investment candidates: ability to exceed market expectations of operating earnings; the potential for bond rating upgrades; debt reduction capabilities; the ability to secure other sources of capital; and the potential to be recognized as an acquisition candidate. The fundamental research process generally includes: breakdown of a company and its growth by division and region, including revenue model analysis; profit margin analysis; experience and quality of its management; industry dynamics and competitive analysis; distribution channel and supply chain analysis; and macroeconomic climate. The Fund may invest in the securities of issuers of any market capitalization, including smaller capitalization companies. 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.

AYBAX Holdings

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

View all AYBAX holdings

AYBAX Portfolio Allocation

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

AYBAX Performance

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

AYBAX Risk Information

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

• 1-year volatility (annualised): 8.1%

AYBAX Costs and Fees

AYBAX costs about $112 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.12%
• Gross expense ratio: 1.35%
• Portfolio turnover: 83%
• Brokerage commissions: 0.44 bps of average net assets (SEC N-CEN)

AYBAX Cashflows

Over the 12 months to 2023-12, Virtus Seix High Yield Income Fund had net inflows of $35.46M, from monthly SEC N-PORT filings.

AYBAX Debt Constituents

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

AYBAX Prospectus and SEC Filings

Official Virtus Seix High Yield Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-01-25
• Prospectus (485BPOS) — filed 2023-01-26
• Prospectus (485BPOS) — filed 2022-01-28
• Portfolio holdings (N-PORT) — filed 2024-02-28
• Portfolio holdings (N-PORT) — filed 2023-11-21
• Portfolio holdings (N-PORT) — filed 2023-08-29
• Annual census (N-CEN) — filed 2023-12-13
• Annual census (N-CEN) — filed 2022-12-14

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.