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Morningstar

Virtus Newfleet Senior Floating Rate A PSFRX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 8.53  /  0.02 %
  • Total Assets 164.6 Mil
  • Adj. Expense Ratio
    0.940%
  • Expense Ratio 1.040%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.97%
  • Effective Duration 0.17 years

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 12:36 AM GMT+0

Morningstar’s Analysis PSFRX

Will PSFRX outperform in 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.

Growth of leveraged finance research depth is encouraging, but still fresh.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Virtus Newfleet Senior Floating Rate’s substantial new resources bolster the team, but the strategy’s liquidity approach can add risk during periods of market stress, underpinning Morningstar Analyst Ratings of Neutral and Negative, depending on fees.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PSFRX

More PSFRX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 219
  • Other Holdings 2
  • % Assets in Top 10 Holdings 10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

2.55
4,439,716
Cash and Equivalents

Brookfield Wec Holdings Term Loan B

1.36
2,362,395
Corporate

Ukg Inc Term Loan

1.27
2,208,857
Corporate

Transdigm Inc Term Loan I

1.27
2,207,792
Corporate

Ineos Us Finance Llc Term Loan B

1.22
2,125,453
Corporate

Nouryon Usa Llc Term Loan B

0.97
1,694,110
Corporate

Playa Resorts Holding B.V. Term Loan B

0.93
1,627,755
Corporate

Go Daddy Operating Co Llc Term Loan B5

0.91
1,585,780
Corporate

Sedgwick Cms Inc Term Loan B

0.89
1,544,300
Corporate

Gates Global Llc Term Loan B3

0.88
1,525,973
Corporate