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Trending ETFs

Name

As of 06/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.77

$185 M

7.99%

$0.70

1.89%

Vitals

YTD Return

3.8%

1 yr return

9.5%

3 Yr Avg Return

4.4%

5 Yr Avg Return

3.5%

Net Assets

$185 M

Holdings in Top 10

10.1%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.89%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.77

$185 M

7.99%

$0.70

1.89%

PFSRX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.49%
DIVIDENDS
  • Dividend Yield 8.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Senior Floating Rate Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 03, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Albrycht

Fund Description

The fund offers the potential for attractive total return and income by investing primarily in non-investment grade bank loans with a focus on higher quality companies within a rating tier. Using extensive credit and company analysis and monitoring, the subadviser looks for those securities with strong total return potential while maintaining an emphasis on managing risk.

Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of senior floating rate loans (“Senior Loans”), including both secured loans and “covenant lite” loans which have few or no financial maintenance covenants that would require a borrower to maintain certain financial metrics. The fund may invest up to 15% of total assets in U.S. and non-U.S. dollar denominated foreign securities and foreign Senior Loans, including Yankee bonds. The fund may purchase derivative instruments, including, but not limited to, options, futures contracts, credit-linked notes, and swaps.

The fund may borrow an amount up to 33 1/3% of its total assets (including the amount borrowed). The fund may borrow for investment purposes, to meet repurchase requests and for temporary, extraordinary or emergency purposes.

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PFSRX - Performance

Return Ranking - Trailing

Period PFSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -1.9% 6.4% 69.82%
1 Yr 9.5% -5.5% 15.7% 76.36%
3 Yr 4.4%* -5.5% 8.3% 60.69%
5 Yr 3.5%* -6.7% 37.6% 69.35%
10 Yr 2.7%* -2.1% 19.4% 76.76%

* Annualized

Return Ranking - Calendar

Period PFSRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -12.0% 11.1% 64.00%
2022 -4.9% -22.9% 5.1% 3.73%
2021 1.5% -12.2% 11.1% 27.97%
2020 -3.2% -14.1% 289.8% 69.20%
2019 2.8% -8.1% 7.5% 48.76%

Total Return Ranking - Trailing

Period PFSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -1.9% 6.4% 69.82%
1 Yr 9.5% -5.5% 15.7% 76.36%
3 Yr 4.4%* -5.5% 8.3% 60.69%
5 Yr 3.5%* -6.7% 37.6% 69.35%
10 Yr 2.7%* -2.1% 19.4% 76.76%

* Annualized

Total Return Ranking - Calendar

Period PFSRX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -12.0% 22.1% 80.73%
2022 -1.0% -22.9% 5.1% 19.78%
2021 4.2% -10.2% 11.1% 69.35%
2020 0.4% -14.1% 306.9% 77.20%
2019 7.4% -3.6% 10.5% 51.65%

NAV & Total Return History


PFSRX - Holdings

Concentration Analysis

PFSRX Category Low Category High PFSRX % Rank
Net Assets 185 M 29.9 M 13.5 B 84.15%
Number of Holdings 247 2 1848 71.91%
Net Assets in Top 10 18.6 M -191 M 2.48 B 91.01%
Weighting of Top 10 10.06% 5.2% 100.8% 83.83%

Top 10 Holdings

  1. Dreyfus Government Cash Management 1.27%
  2. UPFIELD USA CORP 1.08%
  3. UKG INC 1.05%
  4. TRANSDIGM INC 1.00%
  5. WEC US HOLDINGS LTD 0.99%
  6. APPLIED SYSTEMS INC 0.97%
  7. INEOS US Finance LLC 0.97%
  8. CSC Holdings LLC 0.93%
  9. Peraton Corp 0.91%
  10. Medline Borrower LP 0.90%

Asset Allocation

Weighting Return Low Return High PFSRX % Rank
Bonds
98.63% 0.00% 161.82% 16.85%
Cash
1.27% -61.90% 20.29% 73.78%
Stocks
0.19% 0.00% 100.78% 77.15%
Preferred Stocks
0.00% -3.99% 6.22% 89.14%
Other
0.00% -52.39% 26.58% 88.01%
Convertible Bonds
0.00% 0.00% 5.51% 88.68%

Stock Sector Breakdown

Weighting Return Low Return High PFSRX % Rank
Energy
46.38% 0.00% 100.00% 20.87%
Consumer Cyclical
37.29% 0.00% 97.66% 10.43%
Communication Services
16.32% 0.00% 100.00% 46.09%
Utilities
0.00% 0.00% 100.00% 91.30%
Technology
0.00% 0.00% 100.00% 93.04%
Real Estate
0.00% 0.00% 48.61% 85.22%
Industrials
0.00% 0.00% 100.00% 94.78%
Healthcare
0.00% 0.00% 100.00% 85.22%
Financial Services
0.00% 0.00% 89.61% 85.22%
Consumer Defense
0.00% 0.00% 100.00% 92.17%
Basic Materials
0.00% 0.00% 1.36% 86.09%

Stock Geographic Breakdown

Weighting Return Low Return High PFSRX % Rank
US
0.19% -0.01% 100.78% 75.28%
Non US
0.00% 0.00% 0.68% 86.89%

Bond Sector Breakdown

Weighting Return Low Return High PFSRX % Rank
Corporate
92.15% 0.00% 99.80% 35.47%
Cash & Equivalents
1.27% 0.00% 25.03% 71.54%
Derivative
0.00% -11.50% 1.00% 83.15%
Securitized
0.00% 0.00% 91.68% 92.83%
Municipal
0.00% 0.00% 0.47% 84.91%
Government
0.00% 0.00% 3.18% 85.28%

Bond Geographic Breakdown

Weighting Return Low Return High PFSRX % Rank
US
98.63% 0.00% 143.64% 12.36%
Non US
0.00% 0.00% 63.23% 92.51%

PFSRX - Expenses

Operational Fees

PFSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.03% 12.26% 22.63%
Management Fee 0.45% 0.00% 1.89% 5.84%
12b-1 Fee 1.00% 0.00% 1.00% 95.59%
Administrative Fee 0.10% 0.02% 0.27% 52.22%

Sales Fees

PFSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 78.05%

Trading Fees

PFSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PFSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 180.00% 6.91%

PFSRX - Distributions

Dividend Yield Analysis

PFSRX Category Low Category High PFSRX % Rank
Dividend Yield 7.99% 0.00% 11.13% 82.55%

Dividend Distribution Analysis

PFSRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PFSRX Category Low Category High PFSRX % Rank
Net Income Ratio 2.49% 1.77% 9.82% 94.27%

Capital Gain Distribution Analysis

PFSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PFSRX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Jan 31, 2008

14.34

14.3%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Kyle Jennings


Start Date

Tenure

Tenure Rank

Jan 31, 2008

14.34

14.3%

Kyle A. Jennings, CFA. Mr. Jennings is Portfolio Manager – Bank Loan Sector of Newfleet (since June 2011). Mr. Jennings is Senior Managing Director and Head of Credit Research (since 2011). Until June 2011, he was Managing Director (2008 to 2011) and 2nd Vice President (2005 to 2008) of Goodwin. Previously, he was associated with VIA, at which time it was an affiliate of Goodwin, and was a member of the corporate research team since 1998. Mr. Jennings is the sector manager for the leveraged loan sector and assists in formulation of the leveraged loan finance strategy for the retail multi-sector funds.He has over 20 years of investment experience.

Francesco Ossino


Start Date

Tenure

Tenure Rank

Aug 01, 2012

9.84

9.8%

Mr. Ossino is a senior managing director, senior portfolio manager, and sector head of the bank loan asset class at Newfleet. Before joining Newfleet in 2012, Mr. Ossino worked at Hartford Investment Management as a bank loan portfolio manager from 2004 to 2012, primarily focused on mutual fund portfolios and a commingled bank loan portfolio for institutional investors. He began his investment career in 1996. He received a BS in economics from Brandeis University and an MS in international economics and finance from Brandeis University and Luigi Bocconi University in Italy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.03 3.25