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Virtus Newfleet Senior Floating Rate I PSFIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.98  /  0.01 %
Total Assets
220.9 Mil
Adj. Expense Ratio
0.860%
Expense Ratio
0.860%
Fee Level
High
Longest Manager Tenure
13.40 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
100,000
Status
Open
TTM Yield
3.52%
Effective Duration
0.39 years

USD | NAV as of Jun 23, 2021 | 1-Day Return as of Jun 23, 2021, 10:13 PM GMT+00:00

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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.

Process Pillar

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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

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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

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

A conservative approach to the loan market doesn’t leave this fund devoid of risk.

Analyst

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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