Virtus Senior Floating Fund Quote
| PFSRX Fund | USD 8.75 0.01 0.11% |
Performance15 of 100
| Odds Of DistressLess than 17
|
Virtus Senior is trading at 8.75 as of the 19th of April 2024; that is -0.11 percent decrease since the beginning of the trading day. The fund's open price was 8.76. Virtus Senior has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Virtus Senior Floating are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
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 percent of its net assets in a portfolio of senior floating rate loans . More on Virtus Senior Floating
Moving together with Virtus Mutual Fund
| 0.64 | VMSAX | Virtus Multi Strategy | PairCorr |
| 0.91 | VMSSX | Virtus Multi Sector | PairCorr |
| 0.72 | HYIZX | Ridgeworth Seix High | PairCorr |
| 0.87 | SAHIX | Ridgeworth Seix High | PairCorr |
| 0.7 | HYPSX | Ridgeworth Seix High | PairCorr |
Virtus Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Virtus Senior's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Virtus Senior or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Virtus Funds, Large Funds, Bank Loan Funds, Bank Loan, Virtus (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 27th of January 2023 |
| Fiscal Year End | September |
Virtus Senior Floating [PFSRX] is traded in USA and was established 19th of April 2024. Virtus Senior is listed under Virtus category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of Virtus family. This fund at this time has accumulated 175.18 M in assets with no minimum investment requirementsVirtus Senior Floating is currently producing year-to-date (YTD) return of 1.88% with the current yeild of 0.07%, while the total return for the last 3 years was 4.21%.
Check Virtus Senior Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Virtus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Virtus Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Virtus Senior Floating Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Virtus Senior Target Price Odds Analysis
Based on a normal probability distribution, the odds of Virtus Senior jumping above the current price in 90 days from now is about 14.54%. The Virtus Senior Floating probability density function shows the probability of Virtus Senior mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Virtus Senior has a beta of 0.0141 indicating as returns on the market go up, Virtus Senior average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Virtus Senior Floating will be expected to be much smaller as well. Additionally, virtus Senior Floating has an alpha of 0.0119, implying that it can generate a 0.0119 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Virtus Senior to move above the current price in 90 days from now is about 14.54 (This Virtus Senior Floating probability density function shows the probability of Virtus Mutual Fund to fall within a particular range of prices over 90 days) .
Virtus Senior Floating Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Virtus Senior market risk premium is the additional return an investor will receive from holding Virtus Senior long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Virtus Senior. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Virtus Senior's alpha and beta are two of the key measurements used to evaluate Virtus Senior's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0665 | |||
| Standard Deviation | 0.1268 | |||
| Variance | 0.0161 | |||
| Downside Variance | 0.0152 |
Virtus Senior Against Markets
Picking the right benchmark for Virtus Senior mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Virtus Senior mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Virtus Senior is critical whether you are bullish or bearish towards Virtus Senior Floating at a given time. Please also check how Virtus Senior's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Virtus Senior without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Virtus Mutual Fund?
Before investing in Virtus Senior, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Virtus Senior. To buy Virtus Senior fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Virtus Senior. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Virtus Senior fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Virtus Senior Floating fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Virtus Senior Floating fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Virtus Senior Floating, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Virtus Senior Floating?
The danger of trading Virtus Senior Floating is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Virtus Senior is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Virtus Senior. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Virtus Senior Floating is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Virtus Senior Floating. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.