Morningstar

Virtus Newfleet Senior Floating Rate Fund Class A PSFRX

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  • NAV / 1-Day Return $8.31  /  −0.12 %
  • Fund Size $125.1M
  • Adjusted Expense Ratio 0.920%
  • Net Expense Ratio 0.930%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 6.17%
  • Average Effective Duration 0.05 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PSFRX

Will PSFRX outperform in the 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 PSFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Size matters with bank-loan strategies.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

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.

by River Meng
Rated on Published on

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Portfolio Holdings PSFRX

More PSFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.00 4M
Cash and Equivalents

Applied Systems Inc

1.00 1M
Corporate

Transdigm Inc

0.99 1M
Corporate

Garda World Security

0.87 1M
Corporate

Acrisure Llc

0.87 1M
Corporate

Nouryon Finance Bv

0.84 1M
Corporate

Wec Us Holdings Inc

0.84 1M
Corporate

Ukg Inc

0.84 1M
Corporate

Ai Aqua Merger Sub Inc

0.82 1M
Corporate

Froneri Us Inc

0.82 1M
Corporate

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