SFRCX: Virtus Seix Floating Rate High Income Fund - MutualFunds.com

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Virtus Seix Floating Rate High Inc C

SFRCX - Snapshot

Vitals

  • YTD Return -4.0%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $1.74 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$8.05
$6.62
$8.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.65%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $100

Fund Classification

  • Primary Theme
    Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare SFRCX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Fidelity Advisor® Floating Rate High Income Fund

Fund

$9.22

+0.22%

$6.70 B

3.93%

$0.36

-2.74%

-

Lord Abbett Floating Rate Fund

Fund

$8.24

+0.24%

$5.76 B

4.78%

$0.39

-6.79%

-

Eaton Vance Floating-Rate Advantage Fund

Fund

$10.37

+0.19%

$5.36 B

4.46%

$0.46

-3.26%

-

Eaton Vance Floating Rate Fund

Fund

$8.68

+0.12%

$5.09 B

3.73%

$0.32

-1.92%

-

Invesco Senior Loan ETF

BKLN | ETF

$22.10

-0.18%

$4.28 B

3.68%

$0.81

-2.80%

-

SFRCX - Profile

Distributions

  • YTD Total Return -4.0%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 -4.0% -16.5% 287.3% 67.71%
1 Yr -0.7% -9.0% 8.3% 82.77%
3 Yr 1.2%* -2.0% 4.9% 83.99%
5 Yr 2.9%* 1.2% 7.1% 81.58%
10 Yr 2.8%* 1.7% 6.6% 82.24%

* Annualized

Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -4.9% 7.5% 83.15%
2018 -4.6% -9.7% 5.5% 43.77%
2017 N/A -4.2% 3.7% N/A
2016 N/A -65.0% 12.9% N/A
2015 N/A -15.5% 0.6% N/A

Total Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -16.5% 287.3% 67.71%
1 Yr -1.6% -9.0% 8.3% 80.74%
3 Yr 1.2%* -2.4% 4.7% 79.72%
5 Yr 2.9%* 1.2% 7.1% 76.32%
10 Yr 2.8%* 1.7% 6.6% 80.92%

* Annualized

Total Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -4.9% 7.5% 83.15%
2018 -4.6% -9.7% 5.5% 50.94%
2017 N/A -4.2% 7.2% N/A
2016 N/A -65.0% 12.9% N/A
2015 N/A -15.5% 4.8% N/A

NAV & Total Return History

SFRCX - Holdings

Concentration Analysis

SFRCX Category Low Category High SFRCX % Rank
Net Assets 1.74 B 7.36 M 6.7 B 20.98%
Number of Holdings 315 13 1173 46.69%
Net Assets in Top 10 211 M -149 M 1.03 B 23.84%
Weighting of Top 10 12.13% 5.8% 91.3% 50.50%

Top 10 Holdings

  1. William Morris Endeavor En Term Loan B 1.71%
  2. William Morris Endeavor En Term Loan B 1.71%
  3. William Morris Endeavor En Term Loan B 1.71%
  4. William Morris Endeavor En Term Loan B 1.71%
  5. William Morris Endeavor En Term Loan B 1.71%
  6. William Morris Endeavor En Term Loan B 1.71%
  7. William Morris Endeavor En Term Loan B 1.71%
  8. William Morris Endeavor En Term Loan B 1.71%
  9. William Morris Endeavor En Term Loan B 1.71%
  10. William Morris Endeavor En Term Loan B 1.71%

Asset Allocation

Weighting Return Low Return High SFRCX % Rank
Bonds 		97.02% 44.19% 104.59% 25.83%
Cash 		2.07% -4.76% 55.70% 78.81%
Other 		0.88% -0.32% 11.49% 9.27%
Stocks 		0.03% 0.00% 6.23% 71.85%
Preferred Stocks 		0.00% 0.00% 19.93% 78.15%
Convertible Bonds 		0.00% 0.00% 1.90% 85.43%

Stock Sector Breakdown

Weighting Return Low Return High SFRCX % Rank
Industrials 		100.00% 0.00% 100.00% 3.15%
Utilities 		0.00% 0.00% 100.00% 79.28%
Technology 		0.00% 0.00% 100.00% 81.53%
Real Estate 		0.00% 0.00% 44.21% 72.07%
Healthcare 		0.00% 0.00% 100.00% 76.13%
Financial Services 		0.00% 0.00% 100.00% 74.77%
Energy 		0.00% 0.00% 100.00% 87.84%
Communication Services 		0.00% 0.00% 100.00% 91.44%
Consumer Defense 		0.00% 0.00% 99.68% 77.03%
Consumer Cyclical 		0.00% 0.00% 99.69% 88.29%
Basic Materials 		0.00% 0.00% 100.00% 77.93%

Stock Geographic Breakdown

Weighting Return Low Return High SFRCX % Rank
US 		0.03% 0.00% 2.93% 70.53%
Non US 		0.00% -0.18% 3.40% 78.15%

Bond Sector Breakdown

Weighting Return Low Return High SFRCX % Rank
Corporate 		95.42% 0.00% 99.99% 40.20%
Cash & Equivalents 		4.32% 0.00% 69.25% 52.49%
Securitized 		0.26% 0.00% 100.00% 40.86%
Derivative 		0.00% 0.00% 11.97% 72.76%
Municipal 		0.00% 0.00% 0.14% 72.43%
Government 		0.00% 0.00% 1.23% 72.43%

Bond Geographic Breakdown

Weighting Return Low Return High SFRCX % Rank
US 		70.09% 5.93% 99.56% 73.51%
Non US 		26.93% 0.00% 91.67% 23.51%

SFRCX - Expenses

Operational Fees

SFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.01% 27.10% 34.83%
Management Fee 0.41% 0.00% 1.73% 4.29%
12b-1 Fee 1.00% 0.00% 1.00% 92.67%
Administrative Fee 0.10% 0.03% 0.40% 52.63%

Sales Fees

SFRCX 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% 3.00% 72.34%

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 17.00% 5.00% 412.00% 9.93%

SFRCX - Distributions

Dividend Yield Analysis

SFRCX Category Low Category High SFRCX % Rank
Dividend Yield 0.00% 0.00% 4.12% 71.57%

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 4.21% 1.57% 9.15% 81.03%

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

14.76

14.8%

George is a senior member of the high yield division and leads the firm’s bank loan group. He serves as a senior portfolio manager on the Bank Loan Management Strategy and senior research analyst covering cable and telecommunications. Since the 2005 inception, George has led the bank loan group and also oversees the firm’s collateralized loan obligation platform. George has extensive experience covering the telecommunications and cable industries and is well known on both the sell side and buy side of the business. Prior to joining Seix he was a senior high yield research analyst at J.P. Morgan Securities and was a member of Institutional Investor’s 2nd highest ranked high yield team. George received both a B.S. degree in Finance and Accounting and an M.B.A. degree in Finance from New York University.

Vincent Flanagan

Start Date

Tenure

Tenure Rank

Aug 01, 2011

9.34

9.3%

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

1.25

1.3%

Mr. Guevara joined Seix Investment Advisors in 2000 and serves as a Portfolio Manager and Senior Leveraged Loan Trader. Mr. Guevara began his career as a trade flow administrator and gained experience as a junior trader in the investment grade group before moving into his current position in the leveraged loan group in 2006. He has worked in investment management since 2000.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 25.61 5.63 1.75

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