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Virtus Newfleet Senior Floating Rate C PFSRX

Analyst rating as of
NAV / 1-Day Return
9.02  /  0.02 %
Total Assets
219.6 Mil
Adj. Expense Ratio
1.860%
Expense Ratio
1.860%
Fee Level
High
Longest Manager Tenure
13.71 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
2.40%
Effective Duration
0.35 years
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Morningstar’s Analysis

Will PFSRX outperform in future?

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

A conservative 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 strategy 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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