We have qualitatively reviewed Virtus Income & Growth and reaffirmed its People and Process ratings. The fund has maintained its stable and growing team amid firm-level disturbances, but its questionable portfolio design and fixed distribution target expose investors to undue volatility. Increased competition within the Morningstar Category has reduced our conviction in the most expensive share class relative to peers. The following text is from July 11, 2023.
Virtus Income & Growth A AZNAX
- NAV / 1-Day Return 11.22 / 0.00
- Total Assets 4.9 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.140%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Moderate Allocation
- Investment Style Large Blend
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 2.02%
- Turnover 61%
USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 12:16 AM GMT+0
Morningstar’s Analysis AZNAX
Will AZNAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Us Dollar | 2.72 | 134.3 Mil | Cash and Equivalents |
Apple Inc | 2.50 | 123.5 Mil | Technology |
Microsoft Corp | 2.21 | 109.2 Mil | Technology |
NVIDIA Corp | 1.94 | 95.8 Mil | Technology |
Amazon.com Inc | 1.16 | 57.4 Mil | Consumer Cyclical |
BlackRock Liquidity FedFund Instl | 1.15 | 57.0 Mil | Cash and Equivalents |
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- | 1.03 | 51.1 Mil | Financial Services |
Eli Lilly and Co | 0.96 | 47.6 Mil | Healthcare |
Tenet Healthcare Corporation 6.125% | 0.91 | 45.2 Mil | Corporate |
Meta Platforms Inc Class A | 0.89 | 44.1 Mil | Communication Services |