SEIXVirtus Seix Senior Loan ETF
SEIX 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 Summary Data
SEIX Portfolio Data
SEIX Index 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.