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Virtus Newfleet Senior Floating Rate A PSFRX

Analyst rating as of
NAV / 1-Day Return
8.94  /  0.03 %
Total Assets
208.7 Mil
Adj. Expense Ratio
1.110%
Expense Ratio
1.110%
Fee Level
High
Longest Manager Tenure
13.10 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
3.47%
Effective Duration
0.41 years
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Morningstar’s Analysis

Will PSFRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A focus on higher-quality loans doesn’t leave it devoid of risk.

Summary

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Virtus Newfleet Senior Floating Rate benefits from an experienced team, yet thin supporting resources and a liquidity strategy that adds risk during stress periods supports a Morningstar Analyst Rating of Neutral for its cheapest share classes, while its most expensive share class earns a Negative rating.

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