Morningstar

Virtus Income & Growth C AZNCX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 9.76  /  +0.10 %
  • Total Assets 5.0 Bil
  • Adj. Expense Ratio
    1.890%
  • Expense Ratio 1.890%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.86%
  • Turnover 61%

USD | NAV as of Sep 28, 2024 | 1-Day Return as of Sep 28, 2024, 12:12 AM GMT+0

Morningstar’s Analysis AZNCX

Will AZNCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AZNCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AZNCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AZNCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A risky portfolio in experienced hands.

Analyst Hyunmin Kim

Hyunmin Kim

Analyst

Summary

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.

by Hyunmin Kim
Rated on Published on

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Portfolio Holdings AZNCX

More AZNCX Holdings
  • 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

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