SEIX
Virtus Seix Senior Loan ETFSEIX Fund Description
SEIX provides actively-managed exposure to noninvestment-grade, floating-rate loans made by banks to US corporations.
SEIX Factset Analytics Insight
SEIX offers actively-managed exposure to bank loans in an ETF wrapper. Seix Investment Advisors, the sub-advisor, manages the fund’s investments. The prospectus reveals little about their approach. As floating rate securities, bank loans offer relative safety from interest rate risk, but they do take significant credit risk. Like competing ETFs, SEIX focuses on debt from below- investment grade firms. Credit risk is somewhat mitigated in that the debt is senior is the firms’ capital structure. US firms are the primary target, but the fund can hold up paper up to 20% ex-US. Cash positions in the fund may represent derivative collateral rather than low risk, low return cash exposure. For all bank loan ETFs, underlying liquidity is a concern if the market sells off. SEIX charges a competitive fee in the context of the space.
SEIX CHARTS AND PERFORMANCE
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
SEIX Top 10 Holdings
SEIX Portfolio Data
SEIX Portfolio Management
SEIX Tax Exposures
SEIX Fund Structure
SEIX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SEIX. SEIX is rated a N/A out of 5.
SEIX Tradability
SEIX Top 10 Holdings
SEIX Performance Statistics
SEIX HOLDINGS STATISTICS
SEIX AVG LIFE MATURITY DISTRIBUTION
SEIX OAS BREAKDOWN
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use