Virtus Newfleet Senior Floating Rate faces unique challenges in the bank-loan market as a function of its relatively small size. This leads to a downgrade of the strategy’s Process rating to Below Average from Average.
Virtus Newfleet Senior Floating Rate Fund Class I PSFIX
- NAV / 1-Day Return $8.35 / 0.00
- Fund Size $126.1M
- Adjusted Expense Ratio 0.670%
- Net Expense Ratio 0.680%
- Fee Level: Distribution Below Average
- Share Class Type Institutional
- Morningstar Category Bank Loan
- Fixed-Income Style Box (Funds) Low/Limited
- Minimum Initial Investment $100,000
- Investment Status Open
- TTM Yield 6.42%
- Average Effective Duration 0.05 yrs
Morningstar’s Analysis PSFIX
Will PSFIX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.7
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Top 10 Holdings
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% Portfolio Weight
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Market Value USD
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United States