Fund Evaluator:

Virtus Newfleet Low Dur Cor Pl Bd C Overview

Virtus Newfleet Low Dur Cor Pl Bd C (PCMZX) is an actively managed Taxable Bond Short-Term Bond fund. Virtus launched the fund in 2006.

The investment seeks to provide a high level of total return, including a competitive level of current income, while limiting fluctuations in net asset value due to changes in interest rates. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Under normal circumstances, it invests at least 80% of its assets in fixed income debt obligations of various types of issuers.

About Virtus Newfleet Low Dur Cor Pl Bd C (PCMZX)

There are 4 members of the management team with an average tenure of 9.78 years: Benjamin Caron (2012), Lisa Baribault (2017), Zachary Szyndlar (2025), David Albrycht (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 1-5Y US Corp&Govt TR USD index with a weighting of 100%. Virtus Newfleet Low Dur Cor Pl Bd C has 582 securities in its portfolio. The top 10 holdings constitute 11.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Virtus Newfleet Low Dur Cor Pl Bd C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Virtus Newfleet Low Dur Cor Pl Bd C has 6.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.0% (84.4% domestic bond, 6.6% foreign bond and 0.2% convertible bond). Virtus Newfleet Low Dur Cor Pl Bd C has 8.0% of the portfolio in cash.

Assets Under Management

The fund has $4 million in total assets, which is below the $904 million average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PCMZX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Newfleet Low Dur Cor Pl Bd C expense ratio is high compared to funds in the Short-Term Bond category. Virtus Newfleet Low Dur Cor Pl Bd C has an expense ratio of 1.50%, which is 126% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Newfleet Low Dur Cor Pl Bd C has a portfolio turnover rate of 55%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.

Recently, in the month of July 2026, Virtus Newfleet Low Dur Cor Pl Bd C returned -0.1%, which earned it a grade of D, as the Short-Term Bond category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Virtus Newfleet Low Dur Cor Pl Bd C has a trailing yield of 3.56%, which is below the 4.16% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Virtus Newfleet Low Dur Cor Pl Bd C Grades

Year to date, the fund has returned 0.9%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 3.1% over the past year (grade of D), 4.8% over the past three years (grade of D) and 2.0% per year over the past five years (grade of D) and 1.8% per year over the past 10 years (grade of F).

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