Virtus Seix Senior Loan ETF (SEIX)
ARCA ARCA Primary Summary
SEIX Chart
SEIX: Active Management Alpha Meets A Neutral Macro Environment
Virtus Seix Senior Loan ETF offers classic leveraged loan exposure, overweight single-B credits, and has demonstrated consistent outperformance versus BKLN. SEIX maintains low volatility and drawdowns outside of COVID, but currently yields a modest 6.5% SEC yield. Leveraged loan spreads are at long-term averages, offering no clear buy or sell signal; fundamental deterioration is a growing concern.
Virtus Seix Senior Loan ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 17,656 | $416,178.43 | $410,660.9 | -$5,517.53 | -1.33% |
 Amanda Hawley Atria Wealth Solutions Inc. | 9,336 | $222,157.85 | $217,248.72 | -$4,909.13 | -2.21% |
| DAL Drake & Associates LLC Drake & Associates LLC | 42,783 | $1.02M | $995,081.24 | -$22,390.15 | -2.2% |
| SB Scott Boyce Decker Retirement Planning Inc. | 300 | $7,179 | $6,972 | -$207 | -2.88% |
 Joseph C. Gissy Tactive Advisors, LLC | 20,821 | $487,858.22 | $484,192.35 | -$3,665.87 | -0.75% |
Virtus Seix Senior Loan ETF (SEIX) FAQ
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Virtus Seix Senior Loan ETF Profile
| ARCA Exchange | US Country |
Overview
The fund operates as an actively managed exchange-traded fund (ETF), which primarily aims to meet its investment objectives through investing in a specialized segment of the financial market. Specifically, the fund dedicates at least 80% of its net assets, alongside any borrowed funds designated for investment purposes, into a distinct mix of first- and second-lien senior floating rate loans. These financial instruments are typically issued by banks and other significant financial institutions to a wide range of corporate entities. Given the nature of these investments, they boast a preferential position in the capital structure of the borrowing companies. This strategic focus places the fund in the non-diversified category, signifying a concentration in particular types of investments rather than spreading risk across a broader array of assets.
Products and Services
- First-Lien Senior Floating Rate Loans
- Second-Lien Senior Floating Rate Loans
These are the primary investment vehicles for the fund, comprising loans that have priority over other debts in case of a borrower’s default. Being ‘senior’ means they are at the top hierarchy in a borrower's obligation, and ‘floating rate’ suggests that the interest rate on these loans adjusts with market rates. This characteristic potentially offers protection against inflation and interest rate increases, making it an attractive component for investors seeking steady income with a modulated level of risk.
As another crucial part of the fund’s portfolio, these loans are similar to first-lien loans in terms of having a floating interest rate but are junior to them regarding the repayment priority in the event of a default. Despite their subordinate position, second-lien loans typically offer higher interest rates to compensate for the increased risk, providing a balance between risk and return within the fund's strategy. Their inclusion demonstrates the fund’s pursuit of diversified income sources within the specific market niche of senior loans.
