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Virtus Newfleet Senior Floating Rate A PSFRX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 8.73  /  +0.02 %
  • Total Assets 192.9 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 1.000%
  • 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 8.25%
  • Effective Duration 0.14 years

USD | NAV as of Jul 03, 2024 | 1-Day Return as of Jul 03, 2024, 12:44 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.

Liquidity matters with loans.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Virtus Newfleet Senior Floating Rate stands to benefit from a recent influx of research resources, but the team’s approach to managing asset flows provides pause.

by Max Curtin
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 9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.70 7.1 Mil
Cash and Equivalents

Dreyfus Government Cash Mgmt Instl

1.22 2.3 Mil
Cash and Equivalents

Upfield Usa Corp Term Loan B7

1.03 2.0 Mil
Corporate

Ukg Inc Term Loan B

1.01 1.9 Mil
Corporate

Transdigm Term Loan I

0.96 1.8 Mil
Corporate

Wec Us Holdings Ltd Term Loan B

0.95 1.8 Mil
Corporate

Applied Systems Inc Term Loan B

0.94 1.8 Mil
Corporate

Ineos Us Finance Llc Term Loan B

0.93 1.8 Mil
Corporate

Csc Holdings Llc Term Loan B6

0.89 1.7 Mil
Corporate

Peraton Term Loan B

0.88 1.7 Mil
Corporate