SISSX — Virtus Seix Ultra-Short Bond Fund
Data updated: 2024-03-14
SISSX — Virtus Seix Ultra-Short Bond Fund. Leveraged · $20.00M AUM · 0.40% expense ratio · 6.4% 1-yr return. Holdings, fees, performance and SEC filings.
SISSX Fund Overview
SISSX — Virtus Seix Ultra-Short Bond Fund is a US mutual fund managed by Virtus Asset Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Asset Trust
- Category: Leveraged
- Assets under management: $20.00M
- 1-year return: 6.4%
- Ticker: SISSX
- SEC CIK: 0001018593
- SEC series ID: S000057035
- Share class ID: C000181204
SISSX Investment Objective and Strategy
Virtus Seix Ultra-Short Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Asset Trust.
Investment objective
The fund has an investment objective of seeking to maximize current income consistent with capital preservation.
Principal investment strategy
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in short duration fixed income securities. These securities may include, but are not limited to, U.S. Treasury and agency securities, obligations of supranational entities and foreign governments, domestic and foreign-corporate debt obligations, taxable municipal debt securities and mortgage-backed and asset-backed securities. The fund's investment in foreign issuers may at times be significant. The fund normally expects to maintain an average effective duration between 3 months and 1 year. Individual purchases will generally be limited to investment-grade securities with an effective duration of less than 5 years. Duration measures a bond or fund's sensitivity to interest rate or other changes (such as changes in a bond's yield) and is expressed as a number of years.
The higher the number, the greater the risk. Under normal circumstances, for example, if a portfolio has a duration of five years, its value will change by 5% if yields change by 1%. Shorter duration bonds generally result in lower expected volatility. The fund may invest a portion of its assets in securities that are restricted as to resale. In selecting investments for purchase and sale, the subadviser attempts to maximize income by identifying securities that offer an acceptable yield for a given level of credit risk and maturity. The subadviser attempts to identify short duration securities that offer a comparably better return potential and yield than money market funds. The subadviser may retain securities if the rating of the security falls below investment grade and the subadviser deems retention of the security to be in the best interests of the fund.
Such securities are sometimes referred to as junk bonds. In addition, to implement its investment strategy, the fund may buy or sell, derivative instruments (such as swaps, including credit default swaps, futures and options) to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks, such as credit and interest rate risk.
SISSX Holdings
Top 10 holdings of Virtus Seix Ultra-Short Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 9.37% |
| Treasury Bill | 5.90% |
| FHLMC Multifamily Structured P | 5.80% |
| FHLMC Multifamily Structured P | 4.53% |
| Capital One Multi-Asset Execut | 3.73% |
| United Air 2020-1 B Ptt | 3.05% |
| Fanniemae-Aces | 2.92% |
| Morgan Stanley | 2.62% |
| Citibank Credit Card Issuance | 2.51% |
| Pepsico, Inc. | 2.49% |
SISSX Portfolio Allocation
Asset-class allocation of Virtus Seix Ultra-Short Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 61.5% |
| Securitized | 36.5% |
SISSX Performance
Total returns for SISSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.4% |
| 3 years (annualised) | 2.0% |
SISSX Risk Information
Risk metrics for SISSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.6%
SISSX Costs and Fees
SISSX costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 0.64%
- Portfolio turnover: 60%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
SISSX Cashflows
Over the 12 months to 2023-12, Virtus Seix Ultra-Short Bond Fund had net inflows of $38.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $3.38M |
| 2023-11 | $2.94M |
| 2023-10 | $3.65M |
| 2023-09 | $4.15M |
| 2023-08 | $1.81M |
| 2023-07 | $1.43M |
SISSX Debt Constituents
Largest debt holdings of Virtus Seix Ultra-Short Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 9.37% |
| Treasury Bill | 5.90% |
| United Air 2020-1 B Ptt | 3.05% |
| Morgan Stanley | 2.62% |
| Pepsico, Inc. | 2.49% |
| Continental Resources | 2.49% |
| Aercap Ireland Cap/globa | 2.44% |
| Ubs AG London | 2.43% |
| Hyundai Capital America | 2.42% |
| Williams Companies, Inc. | 2.39% |
SISSX Prospectus and SEC Filings
Official Virtus Seix Ultra-Short Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-24
- Prospectus (485BPOS) — filed 2022-04-25
- Prospectus (485BPOS) — filed 2021-04-26
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Annual census (N-CEN) — filed 2024-03-14
- Annual census (N-CEN) — filed 2023-03-13
Related Funds
Other Leveraged funds tracked on ABC INVEST:
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.