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Virtus Newfleet Senior Floating Rate I PSFIX

Analyst rating as of
NAV / 1-Day Return
9.00  /  0.03 %
Total Assets
204.5 Mil
Adj. Expense Ratio
0.860%
Expense Ratio
0.860%
Fee Level
High
Longest Manager Tenure
13.97 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
100,000
Status
Open
TTM Yield
3.37%
Effective Duration
0.36 years
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Morningstar’s Analysis

Will PSFIX 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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