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Morningstar

Virtus Seix Floating Rate High Inc A SFRAX

Morningstar Analyst Rating
Analyst rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 7.92  /  0.19 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • 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 5.22%
  • Effective Duration 0.50 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 1:35 AM GMT+00:00

Morningstar’s Analysis SFRAX

Will SFRAX 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 SFRAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

A good combination of team and process.

Analyst

Summary

| by Saraja Samant

Virtus Seix Floating Rate High Income’s experienced team’s consistent execution of its research driven process can more than hold its ground amid heavy outflows and high volatility. The fund earns a Morningstar Analyst Rating of Bronze for the cheapest share class and Neutral for its more-expensive share classes.

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