Virtus Institutional Bond X

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Performance

Trailing returns

Best 3 month return+8.02%  
Worst 3 month return-10.78%  

Morningstar statistics

Morningstar category: Intermediate-Term Bond
  Return Risk Rating
3 years Above Average Above Average
5 years Average Above Average
10 years Above Average Above Average
Overall Above Average Above Average

Key statistics

Total assets11.40M 
Front load-  
Deferred load-  
Expense ratio0.92%  
Management fee-  
Fund familyVirtus 

Asset allocation

Cash2.51%  
Stocks0.00%  
Bonds97.49%  
Other0.00%  

Purchase information

Initial$3,000,000  
Additional$100  
Overall Morningstar RatingTM

Description

The investment seeks to generate a high level of current income and appreciation of capital consistent with prudent investment risk. The fund employs active sector rotation, combined with disciplined risk management and selection of securities the sub adviser believes to be superior in an attempt to achieve excess returns in the fixed income market. It normally invests at least 80% of its assets in bonds rated in the four highest rating categories at time of investment, or, if unrated, those that the sub adviser determines, pursuant to procedures reviewed and approved by the Board of Trustees, are of comparable quality.
Asset manager:
David Albrycht (Started: Jun 2, 2011)
Advisor Company:
Virtus Investment Advisers, Inc.
Virtus Opportunities Trust, 101 Munson Street

Risk

  1 year 3 years 5 years 10 years  
Alpha* 0.87 3.43 0.27 0.52
Beta* 0.73 0.83 0.93 0.91
Mean annual return 0.39 0.82 0.53 0.48
R-squared* 71.97 29.74 39.68 56.52
Standard deviation 2.54 6.14 5.36 4.56
Sharpe ratio 1.79 1.58 0.87 0.82
* Against standard index

Top 10 holdings

Security Net Assets  
US Treasury Bond 4.75% 2.86%  
FNMA 4.5% 2.77%  
FNMA 5% 2.55%  
FNMA 4% 2.05%  
BlackRock Liquidity TempFund Instl 2.01%  
US Treasury Bond 4.375% 1.88%  
FNMA 5% 1.68%  
FNMA 5% 1.46%  
FNMA 4% 1.41%  
FNMA 5% 1.41%