VHFCX — Virtus Herzfeld Fund
Data updated: 2020-08-26
VHFCX — Virtus Herzfeld Fund. Emerging Markets Real Estate · $24.92M AUM · 3.72% expense ratio. Holdings, fees, performance and SEC filings.
VHFCX Fund Overview
VHFCX — Virtus Herzfeld Fund is a US mutual fund managed by Virtus Opportunities Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Opportunities Trust
- Category: Emerging Markets Real Estate
- Assets under management: $24.92M
- 1-year return: -20.7%
- Ticker: VHFCX
- SEC CIK: 0001005020
- SEC series ID: S000038116
- Share class ID: C000117506
VHFCX Investment Objective and Strategy
Virtus Herzfeld Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Opportunities Trust.
Investment objective
The fund has investment objectives of capital appreciation and current income.
Principal investment strategy
Under normal circumstances, the fund invests in closed-end investment companies that primarily invest in equity and income-producing securities. The investment methodology utilizes a number of factors and consists of both a quantitative and qualitative approach to identify opportunities across the entire universe of closed-end funds. The overall investment philosophy is predicated on recognizing the recurring valuation patterns found in the closed-end fund industry and capitalizing on opportunities in a systematic manner. The strategy seeks to exploit the discount and premium spreads associated with closed-end funds. The fund may also allocate assets to other investment company structures, including exchange-traded funds (ETFs), equity securities, including common and preferred stocks, cash, and/or short term cash equivalents.
The fund primarily invests in closed-end funds whose principal investment strategies include one or more of the following: Domestic Funds Municipal Bond, Build America Bond, Government Bond, Corporate Bond, High Yield Bond EquitySector Specific (such as Utilities, Real Estate, MLPs), EquityCovered Call, EquityGeneral, EquityGrowth & Income, EquityDividend, EquityTax-Advantaged, EquityPreferreds, EquityConvertible Bond Loan Participation Mortgage-Backed Multi-Strategy Non-U.S. Funds Foreign EquityCountry Specific, Foreign EquityGeographic Region, Global EquityGeneral, Global EquityGrowth & Income, Global EquityDividend Global Fixed Income Global Multi-Strategy The closed-end funds that invest in equity securities may or may not use a growth or value strategy and may include funds investing in securities of issuers of any market capitalization.
Closed-end funds that invest in non-U.S issuers may include issuers in emerging markets. Closed-end funds that invest in fixed income securities may invest in securities of any credit quality, including below investment grade (so-called junk bonds).
VHFCX Performance
Total returns for VHFCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -20.7% |
VHFCX Risk Information
Risk metrics for VHFCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.2%
VHFCX Costs and Fees
VHFCX costs about $372 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.72%
- Gross expense ratio: 3.77%
- Portfolio turnover: 61%
- Brokerage commissions: 4.49 bps of average net assets (SEC N-CEN)
VHFCX Cashflows
Over the 12 months to 2020-06, Virtus Herzfeld Fund had net inflows of $37.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $4.80M |
| 2020-05 | $1.51M |
| 2020-04 | $1.45M |
| 2020-03 | $6.93M |
| 2020-02 | $1.67M |
| 2020-01 | $2.12M |
VHFCX Debt Constituents
No individual debt constituents are reported in Virtus Herzfeld Fund's latest SEC N-PORT filing.
VHFCX Prospectus and SEC Filings
Official Virtus Herzfeld Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-02-10
- Prospectus (485BPOS) — filed 2019-02-14
- Prospectus (485BPOS) — filed 2018-02-16
- Portfolio holdings (N-PORT) — filed 2020-08-26
- Portfolio holdings (N-PORT) — filed 2020-05-20
- Portfolio holdings (N-PORT) — filed 2020-02-28
- Annual census (N-CEN) — filed 2019-12-13
- Annual census (N-CEN) — filed 2018-12-13
Related Funds
Other Emerging Markets Real Estate 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.