Virtus Newfleet Senior Floating Rate A (PSFRX)
| Fund Assets | 181.60M |
| Expense Ratio | 0.93% |
| Min. Investment | $2,500 |
| Turnover | 93.00% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 7.11% |
| Dividend Growth | -14.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.60 |
| YTD Return | -0.22% |
| 1-Year Return | 2.45% |
| 5-Year Return | 26.62% |
| 52-Week Low | 8.41 |
| 52-Week High | 8.75 |
| Beta (5Y) | n/a |
| Holdings | 296 |
| Inception Date | Jan 31, 2008 |
About PSFRX
Virtus Newfleet Senior Floating Rate Fund Class A is a mutual fund focused on generating attractive total return and income by primarily investing in senior-secured, non-investment grade bank loans. The fund targets an allocation of at least 80% of its net assets to senior loans, emphasizing positions in the upper tier of the non-investment grade spectrum. This strategy provides exposure to companies across diverse industries that utilize secured loans in their capital structures. By investing in floating rate instruments, the fund tends to offer lower interest rate sensitivity—evident in its short effective duration—helping to mitigate the impact of rate fluctuations. The fund pays dividends monthly, making it of particular interest for those seeking regular income. Its diversified portfolio often holds hundreds of individual loan positions, reducing single-issuer risk and providing access to the syndicated loan market, which serves as a vital source of capital for leveraged companies. Managed by Virtus and the Newfleet team, the fund is recognized within the bank loan mutual fund category for its disciplined, risk-managed approach to credit selection and valuation opportunities. The overall mandate places it as a relevant vehicle for investors seeking to participate in the floating rate loan sector.
Performance
PSFRX had a total return of 2.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.75%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate Hi Inc | n/a |
Top 10 Holdings
8.69% of assets| Name | Symbol | Weight |
|---|---|---|
| ACRISURE LLC | ACRISU.L 06.21.32 28 | 1.14% |
| Asurion LLC | ASUCOR.L 07.30.27 21 | 1.00% |
| APPLIED SYSTEMS INC | APPSYS.L 02.24.31 13 | 0.97% |
| UKG INC | ULTI.L 02.10.31 9 | 0.92% |
| Invesco Senior Loan ETF | BKLN | 0.88% |
| CSC Holdings LLC | CSCHLD.L 01.18.28 11 | 0.83% |
| TRANSDIGM INC | TDG.L 02.28.31 31 | 0.78% |
| Vertiv Group Corporation - VERTIV GROUP CORP | VRT.L 03.02.27 9 | 0.74% |
| Garda World Security Corporation - GARDA WORLD SECURITY | GWCN.L 02.01.29 10 | 0.72% |
| Grifols Worldwide Operations USA Inc | GRFSM.L 11.15.27 4 | 0.70% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.05347 | Aug 29, 2025 |
| Jul 31, 2025 | $0.05024 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04632 | Jun 30, 2025 |
| May 30, 2025 | $0.05088 | May 30, 2025 |
| Apr 30, 2025 | $0.05206 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05181 | Mar 31, 2025 |