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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Virtus Seix Floating Rate High Income Fund

SFRCX | Fund

$7.66

$2.71 B

5.15%

$0.39

1.52%

Vitals

YTD Return

-7.0%

1 yr return

-1.4%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.4%

Net Assets

$2.71 B

Holdings in Top 10

10.5%

52 WEEK LOW AND HIGH

$7.7
$7.65
$8.27

Expenses

OPERATING FEES

Expense Ratio 1.52%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 72.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$100

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Bank Loan

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Virtus Seix Floating Rate High Income Fund

SFRCX | Fund

$7.66

$2.71 B

5.15%

$0.39

1.52%

SFRCX - Profile

Distributions

  • YTD Total Return -7.0%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.74%
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Seix Floating Rate High Income Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Aug 02, 2007
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    George Goudelias

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of first- and second-lien senior floating rate loans and other floating rate debt instruments. It may invest up to 20% of its total assets in senior loans made to non-U.S. borrowers provided that no more than 5% of the portfolio's loans are non-U.S. dollar denominated.

SFRCX - Performance

Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.0% -21.0% 10.7% 36.03%
1 Yr -1.4% -8.2% 23.8% 42.37%
3 Yr 0.8%* -2.7% 9.6% 84.97%
5 Yr 1.4%* -0.3% 7.2% 87.17%
10 Yr 2.6%* 1.3% 7.6% 87.98%

* Annualized

Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
2021 1.9% -16.5% 11.1% 22.22%
2020 -3.7% -14.1% 289.8% 75.45%
2019 1.2% -8.1% 7.5% 82.84%
2018 -4.6% -12.2% 5.5% 45.53%
2017 N/A -4.2% 12.9% N/A

Total Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.0% -21.0% 10.7% 33.67%
1 Yr -2.3% -10.9% 24.7% 59.68%
3 Yr 0.8%* -2.7% 10.0% 78.74%
5 Yr 1.4%* -0.3% 7.6% 82.86%
10 Yr 2.6%* 1.3% 7.6% 84.29%

* Annualized

Total Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
2021 1.9% -16.5% 11.1% 22.22%
2020 -3.7% -14.1% 289.8% 75.45%
2019 1.2% -8.1% 7.5% 82.84%
2018 -4.6% -12.2% 5.5% 52.92%
2017 N/A -4.2% 12.9% N/A

NAV & Total Return History

SFRCX - Holdings

Concentration Analysis

SFRCX Category Low Category High SFRCX % Rank
Net Assets 2.71 B 25 M 13.1 B 26.91%
Number of Holdings 588 12 1447 23.40%
Net Assets in Top 10 285 M -191 M 2.54 B 33.65%
Weighting of Top 10 10.50% 4.6% 91.9% 71.75%

Top 10 Holdings

  1. Dreyfus Government Cash Mgmt Instl 4.50%
  2. Asurion Llc Term Loan B4 1.73%
  3. Asurion Llc Term Loan B4 1.73%
  4. Asurion Llc Term Loan B4 1.73%
  5. Asurion Llc Term Loan B4 1.73%
  6. Asurion Llc Term Loan B4 1.73%
  7. Asurion Llc Term Loan B4 1.73%
  8. Asurion Llc Term Loan B4 1.73%
  9. Asurion Llc Term Loan B4 1.73%
  10. Asurion Llc Term Loan B4 1.73%

Asset Allocation

Weighting Return Low Return High SFRCX % Rank
Bonds 		97.68% 28.71% 161.82% 20.83%
Cash 		0.87% -61.90% 58.61% 85.58%
Other 		0.68% -54.21% 26.58% 17.31%
Stocks 		0.47% 0.00% 51.23% 32.37%
Convertible Bonds 		0.28% 0.00% 5.51% 16.67%
Preferred Stocks 		0.01% -3.99% 1.72% 39.10%

Stock Sector Breakdown

Weighting Return Low Return High SFRCX % Rank
Utilities 		0.00% 0.00% 100.00% 97.88%
Technology 		0.00% 0.00% 100.00% 98.41%
Real Estate 		0.00% 0.00% 48.61% 97.88%
Industrials 		0.00% 0.00% 100.00% 98.41%
Healthcare 		0.00% 0.00% 100.00% 97.88%
Financial Services 		0.00% 0.00% 91.98% 97.88%
Energy 		0.00% 0.00% 100.00% 11.64%
Communication Services 		0.00% 0.00% 100.00% 100.00%
Consumer Defense 		0.00% 0.00% 100.00% 97.88%
Consumer Cyclical 		0.00% 0.00% 97.66% 42.86%
Basic Materials 		0.00% 0.00% 6.25% 97.88%

Stock Geographic Breakdown

Weighting Return Low Return High SFRCX % Rank
US 		0.47% -0.01% 45.12% 28.85%
Non US 		0.00% 0.00% 6.11% 97.76%

Bond Sector Breakdown

Weighting Return Low Return High SFRCX % Rank
Corporate 		95.61% 0.00% 99.80% 21.54%
Cash & Equivalents 		4.39% 0.00% 58.41% 67.52%
Derivative 		0.00% 0.00% 7.03% 98.07%
Securitized 		0.00% 0.00% 96.93% 99.04%
Municipal 		0.00% 0.00% 0.47% 97.75%
Government 		0.00% 0.00% 5.93% 97.43%

Bond Geographic Breakdown

Weighting Return Low Return High SFRCX % Rank
US 		73.23% 14.05% 128.54% 59.29%
Non US 		24.45% 0.00% 84.20% 25.32%

SFRCX - Expenses

Operational Fees

SFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.03% 7.31% 36.65%
Management Fee 0.42% 0.00% 1.89% 4.26%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee 0.10% 0.02% 0.27% 53.76%

Sales Fees

SFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 3.00% 100.00%

Trading Fees

SFRCX 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.

SFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 3.00% 215.00% 57.30%

SFRCX - Distributions

Dividend Yield Analysis

SFRCX Category Low Category High SFRCX % Rank
Dividend Yield 5.15% 0.00% 11.73% 69.14%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SFRCX Category Low Category High SFRCX % Rank
Net Income Ratio 2.74% 1.56% 10.22% 86.99%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SFRCX - Fund Manager Analysis

Managers

George Goudelias

Start Date

Tenure

Tenure Rank

Mar 01, 2006

16.26

16.3%

George is the head of the firm’s leveraged finance platform. In this capacity, he provides strategic oversight of high yield bond portfolio management activities as well as serving as senior portfolio manager for all leveraged loan portfolios. George joined Seix in 2001 as head of leveraged finance research, and subsequently launched the Leveraged Loan Strategy in 2005. Since inception of this strategy, this has expanded to include all leveraged loan portfolios and CLOs. Prior to joining Seix he was a senior high yield research analyst at J.P. Morgan Securities. George received both a Bachelor of Science degree in Finance and Accounting and a Master of Business Administration degree in Finance from New York University.

Vincent Flanagan, CFA

Start Date

Tenure

Tenure Rank

Aug 01, 2011

10.84

10.8%

Vince is an experienced leveraged finance research analyst focused on the media and technology industries and became a portfolio manager on the Leveraged Loan Strategy in October of 2011. Before joining Seix he was the director of research for Assurant, Inc., covering the telecommunications, cable/media, utility and broadcasting industries. Vince began his career at TD Securities advancing to a senior high yield research analyst, where he focused on US and Canadian wireless carriers. Vince received a B.S. degree in Finance from New York University and is a CFA Charterholder.

Eric Guevara

Start Date

Tenure

Tenure Rank

Aug 30, 2019

2.75

2.8%

Eric is the senior leveraged loan trader on the leveraged finance team. Eric joined Seix as a trade flow administrator in 2000 and gained experience as a junior trader in the investment grade group from 2001 to 2006 before moving into his current position in the high yield leveraged loan group. Eric received a B.S. degree in Computer Operations from Seton Hall University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 23.43 6.03 3.25

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