Fund Evaluator:

Virtus Seix Total Return Bond I Overview

Virtus Seix Total Return Bond I (SAMFX) is an actively managed Taxable Bond Intermediate Core Bond fund. Virtus launched the fund in 1997.

The investment seeks to maximize long term total return through a combination of current income and capital appreciation, consistent with capital preservation. The fund invests in various types of income-producing debt instruments including mortgage- and asset-backed securities, government and agency obligations, corporate obligations and floating rate loans. It normally invests at least 80% of its net assets in fixed income securities.

About Virtus Seix Total Return Bond I (SAMFX)

There are 4 members of the management team with an average tenure of 16.39 years: Michael Rieger (2007), Carlos Catoya (2015), Jonathan Yozzo (2015), Perry Troisi (2002). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Virtus Seix Total Return Bond I has 112 securities in its portfolio. The top 10 holdings constitute 49.1% 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 Seix Total Return Bond I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Virtus Seix Total Return Bond I has 1.0% 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 1.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.6% (96.6% domestic bond, 1.0% foreign bond and 0.0% convertible bond). Virtus Seix Total Return Bond I has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $51 million in total assets, which is below the $3 billion average for the Intermediate Core 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.

SAMFX 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 Seix Total Return Bond I expense ratio is average compared to funds in the Intermediate Core Bond category. Virtus Seix Total Return Bond I has an expense ratio of 0.46%, which is 19% lower than its category average, making the fund expense ratio grade a C. 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 Seix Total Return Bond I has a portfolio turnover rate of 147%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.

Recently, in the month of July 2026, Virtus Seix Total Return Bond I returned -1.3%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of -1.3%. 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 Seix Total Return Bond I has a trailing yield of 4.39%, which is above the 4.04% category average. The fund normally distributes its income monthly and its capital gains quarterly.

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 Seix Total Return Bond I Grades

Year to date, the fund has returned -0.7%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 2.6% over the past year (grade of C), 3.2% over the past three years (grade of F) and -0.8% per year over the past five years (grade of D) and 1.3% per year over the past 10 years (grade of D).

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