Virtus Senior Floating Rate Fund

Scorecard
2 / 5 Stars
Lipper
3 2 4 1 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
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TheStreet.com
C (Hold)

U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 4.49 percent over the past year, 4.73 percent over the past three years, and 10.10 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.7%
1 Year 4.5%
3 Years (Annualized) 4.7%
5 Years (Annualized) 10.1%
10 Years (Annualized) N/A

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Summary

The investment seeks high total return from both current income and capital appreciation. The fund invests primarily in non-investment grade bank loans with a focus on higher quality companies within a rating tier. 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. 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. It may borrow for investment purposes, to meet repurchase requests and for temporary, extraordinary or emergency purposes.

Fees

Fees are Low compared to funds in the same category.
Virtus Senior Floating Rate Fund has an expense ratio of 1.21 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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