Virtus Seix U.S. Government Securities Ultra Short Bond Fund Class A

Frequently Asked Questions About SSAGX

What does SSAGX invest in?

The primary objective of this fund is to generate substantial current income, while simultaneously preserving shareholders' original investment. It achieves this by committing a minimum of 80% of its total assets (including any funds acquired through borrowing) to short-duration securities issued or guaranteed by the U.S. government. The credit quality of these government-backed instruments is not a restrictive factor. These holdings may include a diverse range of U.S. government-related obligations, such as Treasury bills and bonds, debt issued by various U.S. government agencies, agency-backed mortgage-related securities, repurchase agreements, and other federal government instruments. The fund's adviser targets an average effective duration for the overall portfolio that typically falls between three months and one year. Additionally, individual securities purchased for the fund will generally be limited to those with an effective duration of less than five years.

What is the expense ratio of SSAGX?

Virtus Seix U.S. Government Securities Ultra Short Bond Fund Class A (SSAGX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is SSAGX's dividend yield?

SSAGX's trailing-twelve-month yield is 4.02%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SSAGX?

Effective duration measures SSAGX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SSAGX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SSAGX?

SSAGX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SSAGX?

Yield to maturity (YTM) is the total return you'd earn from SSAGX if every bond in the portfolio is held to maturity at the current price. SSAGX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.