SSBTX — Virtus Seix Short-Term Bond Fund
Data updated: 2022-11-28
SSBTX — Virtus Seix Short-Term Bond Fund. Money Market · $10.19M AUM · 0.60% expense ratio · -5.5% 1-yr return. Holdings, fees, performance and SEC filings.
SSBTX Fund Overview
SSBTX — Virtus Seix Short-Term Bond Fund is a US mutual fund managed by Virtus Asset Trust, categorised as Money Market. 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: Money Market
- Assets under management: $10.19M
- 1-year return: -5.5%
- Ticker: SSBTX
- SEC CIK: 0001018593
- SEC series ID: S000057029
- Share class ID: C000181182
SSBTX Investment Objective and Strategy
Virtus Seix Short-Term 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 long term total return through a combination of current income and capital appreciation, 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 a diversified portfolio of short- to medium-term investment grade (BBB-/Baa3 or better) U.S. Treasury, corporate debt, mortgage-backed and asset-backed securities. These securities may be rated investment grade by at least one national securities rating agency or may be unrated securities that the subadviser believes are of comparable quality. The fund's investment in non-U.S. issuers may at times be significant. There are no limits on the fund's average-weighted maturity or on the remaining maturities of individual securities in which the fund may invest. The subadviser anticipates that the fund's modified-adjusted duration will mirror that of the Bloomberg Barclays 1-3 Year Government/Credit Index, plus or minus 20%.
For example, if the duration of the Bloomberg Barclays 1-3 Year Government/Credit Index is 1.5 years, the fund's duration may be 1.2 to 1.8 years. As of December 31, 2017, the duration of the Bloomberg Barclays 1-3 Year Government/Credit Index was 1.91 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 5 years, its value will change by 5% if yields change by 1%. Shorter duration bonds generally result in lower expected volatility. 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.
The fund may invest a portion of its assets in securities that are restricted as to resale. As a result of its investment strategies, the fund's portfolio turnover rate may be 100% or more. In selecting securities for purchase and sale, the subadviser attempts to identify securities that are expected to offer a comparably better investment return for a given level of risk. For example, short-term bonds generally have better returns than money market instruments with a fairly modest increase in risk and/or volatility. The subadviser manages the fund from a total return perspective. That is, the subadviser makes day-to-day investment decisions for the fund with a view towards maximizing returns. The subadviser analyzes, among other things, yields, market sectors and credit risk in an effort to identify attractive investments with attractive risk/reward trade-offs.
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 interest rate risk.
SSBTX Performance
Total returns for SSBTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.5% |
| 3 years (annualised) | -0.5% |
SSBTX Risk Information
Risk metrics for SSBTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
SSBTX Costs and Fees
SSBTX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 1.21%
- Portfolio turnover: 110%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SSBTX Cashflows
Over the 12 months to 2022-09, Virtus Seix Short-Term Bond Fund had net inflows of $9.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $230.31K |
| 2022-08 | $3.06M |
| 2022-07 | $467.83K |
| 2022-06 | $317.84K |
| 2022-05 | $507.19K |
| 2022-04 | $626.09K |
SSBTX Debt Constituents
No individual debt constituents are reported in Virtus Seix Short-Term Bond Fund's latest SEC N-PORT filing.
SSBTX Prospectus and SEC Filings
Official Virtus Seix Short-Term Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-25
- Prospectus (485BPOS) — filed 2021-04-26
- Prospectus (485BPOS) — filed 2020-05-11
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Portfolio holdings (N-PORT) — filed 2022-08-23
- Portfolio holdings (N-PORT) — filed 2022-05-26
- Annual census (N-CEN) — filed 2022-03-16
- Annual census (N-CEN) — filed 2021-03-12
Related Funds
Other Money Market 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.