Virtus Newfleet Senior Floating Rate Fund (PSFIX)
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. Under normal circumstances, it 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"). 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.
Expense Ratio
PSFIX features an expense ratio of 0.69%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Newfleet Senior Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Newfleet Senior Floating Rate Fund had a return of 0.43% year-to-date (YTD) and 8.12% in the last 12 months. Over the past 10 years, Virtus Newfleet Senior Floating Rate Fund had an annualized return of 4.29%, while the S&P 500 had an annualized return of 11.31%, indicating that Virtus Newfleet Senior Floating Rate Fund did not perform as well as the benchmark.
PSFIX
0.43%
0.31%
4.16%
8.12%
5.05%
4.29%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PSFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.66% | 0.43% | |||||||||||
| 2024 | 0.59% | 0.69% | 0.86% | 0.74% | 0.76% | -0.34% | 1.51% | 0.57% | 0.52% | 0.66% | 1.03% | 0.43% | 8.30% |
| 2023 | 2.09% | 0.28% | 0.19% | 0.76% | -0.23% | 2.34% | 1.10% | 1.06% | 0.40% | 0.02% | 1.53% | 1.31% | 11.39% |
| 2022 | 0.26% | -0.64% | -0.03% | 0.09% | -2.52% | -2.25% | 2.35% | 1.62% | -2.09% | 1.47% | 1.15% | 0.51% | -0.22% |
| 2021 | 1.19% | 0.49% | 0.17% | 0.53% | 0.73% | 0.28% | 0.08% | 0.39% | 0.57% | 0.17% | -0.37% | 0.76% | 5.10% |
| 2020 | 0.42% | -1.85% | -13.58% | 4.80% | 3.97% | 0.45% | 2.03% | 1.61% | 0.42% | 0.42% | 2.16% | 1.39% | 0.95% |
| 2019 | 2.73% | 1.63% | -0.19% | 1.63% | -0.39% | 0.09% | 0.88% | -0.43% | 0.49% | -0.57% | 0.62% | 1.58% | 8.30% |
| 2018 | 1.03% | 0.02% | 0.09% | 0.47% | -0.02% | -0.03% | 0.79% | 0.45% | 0.60% | -0.32% | -1.20% | -2.78% | -0.95% |
| 2017 | 0.48% | 0.58% | -0.13% | 0.43% | 0.35% | -0.28% | 0.78% | -0.39% | 0.58% | 0.57% | 0.02% | 0.44% | 3.46% |
| 2016 | -0.35% | -0.11% | 2.33% | 1.64% | 0.52% | -0.22% | 1.39% | 0.76% | 0.65% | 0.55% | 0.07% | 1.27% | 8.79% |
| 2015 | 0.18% | 1.83% | 0.04% | 0.98% | 0.15% | -0.48% | 0.15% | -0.79% | -0.72% | 0.03% | -0.95% | -0.83% | -0.45% |
| 2014 | 0.54% | 0.33% | 0.13% | 0.13% | 0.44% | 0.54% | -0.18% | 0.33% | -0.88% | 0.45% | 0.35% | -1.53% | 0.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, PSFIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Newfleet Senior Floating Rate Fund (PSFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Newfleet Senior Floating Rate Fund provided a 8.39% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.73 | $0.71 | $0.41 | $0.30 | $0.35 | $0.48 | $0.45 | $0.41 | $0.37 | $0.41 | $0.40 |
Dividend yield | 8.39% | 8.42% | 8.11% | 4.84% | 3.39% | 4.00% | 5.30% | 5.08% | 4.37% | 3.93% | 4.46% | 4.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Newfleet Senior Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.73 |
| 2023 | $0.05 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.41 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.48 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.37 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Newfleet Senior Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Newfleet Senior Floating Rate Fund was 24.87%, occurring on Dec 17, 2008. Recovery took 149 trading sessions.
The current Virtus Newfleet Senior Floating Rate Fund drawdown is 0.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.87% | Jun 18, 2008 | 127 | Dec 17, 2008 | 149 | Jul 23, 2009 | 276 |
| -22.75% | Jan 22, 2020 | 43 | Mar 23, 2020 | 188 | Dec 17, 2020 | 231 |
| -6.01% | Aug 1, 2011 | 20 | Aug 26, 2011 | 104 | Jan 26, 2012 | 124 |
| -5.78% | Jan 24, 2022 | 113 | Jul 6, 2022 | 129 | Jan 9, 2023 | 242 |
| -4.94% | Oct 4, 2018 | 58 | Dec 27, 2018 | 67 | Apr 4, 2019 | 125 |
Volatility
Volatility Chart
The current Virtus Newfleet Senior Floating Rate Fund volatility is 0.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.