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Morningstar

Virtus Newfleet Senior Floating Rate I PSFIX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 8.72  /  +0.06 %
  • Total Assets 191.9 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 7.84%
  • Effective Duration 0.14 years

USD | NAV as of Jun 29, 2024 | 1-Day Return as of Jun 29, 2024, 12:36 AM GMT+0

Morningstar’s Analysis PSFIX

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

  • People Pillar

    The People Pillar is our evaluation of the PSFIX 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 PSFIX’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 PSFIX

More PSFIX 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
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Ukg Inc Term Loan B

1.01 1.9 Mil
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Transdigm Term Loan I

0.96 1.8 Mil
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Wec Us Holdings Ltd Term Loan B

0.95 1.8 Mil
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Applied Systems Inc Term Loan B

0.94 1.8 Mil
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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