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Virtus Newfleet Senior Floating Rate I PSFIX

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

Morningstar’s Analysis PSFIX

Will PSFIX 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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