Virtus Newfleet Multi-Sector Short Term Bond Fund
Virtus Opportunities Trust · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Virtus Newfleet Multi-Sector Short Term Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
The fund has an investment objective of providing high current income while attempting to limit changes in the funds net asset value per share caused by interest rate changes.
The fund invests primarily in short-term fixed income securities across 14 bond market sectors—including U.S. government securities, mortgage-backed pass-throughs, investment-grade debt, high-yield bonds, and foreign debt—with a target dollar-weighted average duration of three years or less, applying a value-oriented approach that seeks to overweight undervalued sectors. Day-to-day management is delegated to a subadviser, which may also manage affiliated bond funds and ETFs in which the fund invests. Because the fund's sector overweights depend on the subadviser's assessment of value, actual sector exposures may diverge from a neutral benchmark.
| Share class | Gross | Net |
|---|---|---|
| NARAX | 0.99% | 0.90% |
| PSTCX | 1.24% | 1.16% |
| PMSTX | 1.73% | 1.66% |
| PIMSX | 0.74% | 0.65% |
| VMSSX | 0.66% | 0.52% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 60.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 52.37% |
| Bonds | 41.07% |
| Loans | 5.08% |
| Cash & short-term | 0.27% |
| 2 smaller | 0.06% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 52.8% |
| Other | 15.9% |
| Government | 13.0% |
| International | 5.0% |
| 12 smaller | 13.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Fnma Pass-Thru I, WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2, NMR TRUST 2026-CGCTR, CHERRY SECURITIZATION TRUST 2026-1, HUDSON YARDS 2026-10HY MORTGAGE TRUST, MISSION LANE CREDIT CARD MASTER TRUST, CHPE LLC, JACK IN THE BOX INC
Largest exited: United States Treasury Notes, GOLDENTREE LN MGMT US CLO 9 LTD/LLC, GLS AUTO RECEIVABLES ISSUER TRUST 2021-3, Trinity Rail Leasing 2019 Llc, Booz Allen Hamilton Inc, PROGRESS RESIDENTIAL 2021-SFR3 TRUST, Hexcel Corporation, Petroleos Mexicanos Sa De CV
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +5.19% | -24.84% | -57.85% | 1.84% | -29.80% | |
| +5.12% | +17.58% | +13.31% | 1.52% | -0.74% | |
| +4.38% | -5.28% | -28.92% | 1.82% | -10.61% | |
| +5.45% | +19.35% | +16.16% | 1.53% | -0.72% | |
| +5.81% | +19.88% | +16.86% | 1.58% | -0.70% |
These classes hold the same portfolio, so the 74.71pp spread over 5 years is the cost difference between them — roughly 14.94pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 74.9% |
| Floating rate | 25.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 6.7% |
| 1-3y | 10.9% |
| 3-5y | 22.9% |
| 5-10y | 17.3% |
| 10y+ | 40.9% |
| Unknown | 1.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.86 yr |
| High yield | +0.67 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.03 yr | 1% |
| 5 yr | 0.61 yr | 27% |
| 10 yr | 0.42 yr | 19% |
| 30 yr | 1.19 yr | 53% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.00 yr | 0% |
| 5 yr | 0.71 yr | 28% |
| 10 yr | 0.55 yr | 22% |
| 30 yr | 1.27 yr | 50% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $171 | $34 |
| 1 yr | +0.03 | +0.00 | +0.00 | $777 | $555 |
| 5 yr | +0.61 | +0.47 | +0.24 | $227.6k | $117.0k |
| 10 yr | +0.42 | +0.29 | +0.26 | $139.2k | $126.4k |
| 30 yr | +1.19 | +1.10 | +0.17 | $532.9k | $81.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.38% · due 2026-08-15 | 2.24% | — | $108.78M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2027-05-31 | 1.55% | — | $75.28M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.88% · due 2027-03-31 | 1.46% | — | $70.72M | — |
| — | Virtus ETF Trust II | 1.44% | $24.17 | $69.81M | 2.9M |
| — | FEDERAL HOME LOAN MORTGAGE CORP5.00% · due 2055-01-01 | 1.22% | — | $59.23M | — |
| — | FEDERAL HOME LOAN MORTGAGE CORP5.50% · due 2055-01-01 | 0.86% | — | $41.53M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION6.00% · due 2053-10-01 | 0.78% | — | $37.90M | — |
| — | FEDERAL HOME LOAN MORTGAGE CORP6.00% · due 2054-12-01 | 0.76% | — | $37.02M | — |
| — | Fnma Pass-Thru I5.50% · due 2055-07-01 | 0.73% | — | $35.52M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION6.00% · due 2053-09-01 | 0.57% | — | $27.85M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 11.62% of net assets, top 25 17.28%, across 748 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free