Fund Evaluator:
Virtus Newfleet Multi-Sector S/T Bd C (PSTCX)
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Fund Details
Virtus Newfleet Multi-Sector S/T Bd C Overview
Virtus Newfleet Multi-Sector S/T Bd C (PSTCX) is an actively managed Taxable Bond Short-Term Bond fund. Virtus launched the fund in 1997.
The investment seeks high current income while the adviser attempts to limit changes in the fund's net asset value per share caused by interest rate changes. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration by investing primarily in higher quality, more liquid securities across 14 bond market sectors. It invests at least 80% of its assets in bonds, which are fixed income debt obligations of various types of issuers. The fund invests in a diversified portfolio of primarily short-term fixed income securities having an expected dollar-weighted average maturity of three years or less.
About Virtus Newfleet Multi-Sector S/T Bd C (PSTCX)
There are 2 members of the management team with an average tenure of 16.72 years: Benjamin Caron (2026), David Albrycht (1993). 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 1-3Y A-BBB US Corp TR USD index with a weighting of 100%. Virtus Newfleet Multi-Sector S/T Bd C has 927 securities in its portfolio. The top 10 holdings constitute 11.6% 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 Multi-Sector S/T Bd C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Virtus Newfleet Multi-Sector S/T Bd C has 14.6% 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 93.5% (78.9% domestic bond, 14.6% foreign bond and 0.2% convertible bond). Virtus Newfleet Multi-Sector S/T Bd C has 5.5% of the portfolio in cash.
Assets Under Management
The fund has $69 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.
PSTCX 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 Multi-Sector S/T Bd C expense ratio is high compared to funds in the Short-Term Bond category. Virtus Newfleet Multi-Sector S/T Bd C has an expense ratio of 1.16%, which is 75% 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 Multi-Sector S/T Bd C has a portfolio turnover rate of 60%, 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 Multi-Sector S/T 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 Multi-Sector S/T Bd C has a trailing yield of 4.18%, which is above 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 Multi-Sector S/T Bd C Grades
Year to date, the fund has returned 1.5%, 0.7 percentage points better than the category, which translates into a grade of A. The fund has returned 4.0% over the past year (grade of A), 5.5% over the past three years (grade of A) and 2.5% per year over the past five years (grade of B) and 2.6% per year over the past 10 years (grade of B).
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PSTCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSTCX Return (NAV) | -0.1% | 0.4% | 4.0% | 5.5% | 2.5% | 2.6% |
| PSTCX Grade | D | C | A | A | B | B |
| +/- Category | -0.0% | 0.1% | 0.6% | 0.5% | 0.3% | 0.3% |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| PSTCX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.4% | 1.2% |
PSTCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSTCX Return (NAV) | 1.5% | 5.7% | 5.7% | 6.8% | -6.0% | 0.0% | 4.2% | 5.8% | -1.2% | 3.4% | 4.9% |
| PSTCX Grade | A | C | A | A | D | B | C | A | F | A | A |
| +/- Category | 0.7% | -0.2% | 0.8% | 1.2% | -0.9% | 0.1% | 0.0% | 1.0% | -1.9% | 1.5% | 2.3% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.9% |
| Total Risk Index: | 0.16 - Low |
| Category Risk Index: | 0.97 - Above Average |
| Category Risk Grade: | D (65% Rank) |
| Beta: | 0.31 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4860 Mil |
| Fund Total Assets: | $ 69 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 60% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 32.9 years | |||
| Average Tenure: 16.7 years | |||
| Managers (Year): Albrycht David (1993), Caron Benjamin (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 927 |
| % in Top 10 Holdings: | 11.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.8% |
| Domestic Bond: | 78.9% |
| Foreign Bond: | 14.6% |
| Convertible Bond: | 0.2% |
| Other: | 0.0% |
| Cash: | 5.5% |
Purchase Information
| Fund Family: | Virtus |
| Phone Number: | 800-243-1574 |
| Website: | www.virtus.com |
| Status: | Closed |
| Inception Date: | October 1, 1997 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 100 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.16% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Virtus Newfleet Multi-Sector S/T Bd A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
