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Morningstar

Virtus Newfleet Senior Floating Rate I PSFIX

Morningstar Analyst Rating
Analyst rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 8.69  /  0.14 %
  • Total Assets 194.1 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.790%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.05%
  • Effective Duration 0.15 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis PSFIX

Will PSFIX 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 PSFIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PSFIX 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 PSFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

Analyst

Summary

| by Sam Kulahan

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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