Virtus Seix Floating Rate High Income’s stable, experienced management team has consistently executed a thorough credit research-driven process over time and demonstrated its ability to manage liquidity during a period of heavy outflows. It earns a Morningstar Analyst Rating of Bronze for the cheapest share class and Neutral ratings for the more-expensive share classes.
Virtus Seix Floating Rate High Inc A SFRAX
NAV / 1-Day Return
7.76
/
0.09
%
Total Assets
2.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.930%
Expense Ratio
0.930%
Fee Level
Low
Longest Manager Tenure
16.32
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
3.56%
Effective Duration
0.44
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Strong bank-loan offering managed by a seasoned team.
