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Virtus Newfleet Senior Floating Rate C PFSRX

Analyst rating as of
NAV / 1-Day Return
8.57  /  0.05 %
Total Assets
186.3 Mil
Adj. Expense Ratio
1.690%
Expense Ratio
1.790%
Fee Level
Below Average
Longest Manager Tenure
14.84 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
3.51%
Effective Duration
0.14 years

Morningstar’s Fund Analysis PFSRX

Will PFSRX outperform in future?

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

A higher-quality credit approach to the loan market doesn't leave this fund devoid of risk.

Summary

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Virtus Newfleet Senior Floating Rate benefits from experienced leadership, but lean supporting resources and a liquidity approach that adds risk during stress periods support a Morningstar Analyst Rating of Neutral for its cheapest share classes, while its pricier shares are rated Negative.

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