ETF Evaluator:
Virtus Seix Senior Loan ETF (SEIX)
Follow This ETF
(as of Jul 31)
Best Performing in Bank Loan Over the Last Year
| 5.7% | PGIM Floating Rate Income ETF (PFRL) |
| 5.5% | PIMCO Sr Ln Actv ETF (LONZ) |
| 5.4% | Virtus Seix Senior Loan ETF (SEIX) |
| 5.2% | Pacer Aristotle Pac Ast Fl Rt Hi Inc ETF (FLRT) |
| 4.8% | T. Rowe Price Floating Rate ETF (TFLR) |
Risk
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Risk
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ETF Details
Virtus Seix Senior Loan ETF Overview
Virtus Seix Senior Loan ETF (SEIX) is an actively managed Taxable Bond Bank Loan exchange-traded fund (ETF). Virtus launched the ETF in 2019.
The investment seeks to provide a high level of current income.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of first- and second-lien senior floating rate loans. These loans are made by banks and other large financial institutions to various companies and are senior in the borrowing companies' capital structure. The fund is non-diversified.
About Virtus Seix Senior Loan ETF (SEIX)
There are 3 members of the management team with an average tenure of 7.07 years: Vincent Flanagan (2019), Eric Guevara (2019) and George Goudelias (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P UBS Leveraged Loan USD index with a weighting of 100%. Virtus Seix Senior Loan ETF has 248 securities in its portfolio. The top 10 holdings constitute 9.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Virtus Seix Senior Loan ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Virtus Seix Senior Loan ETF has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.4% (90.4% domestic bond, 1.0% foreign bond and 0.0% convertible bond). Virtus Seix Senior Loan ETF has 8.6% of the portfolio in cash.
Assets Under Management
The fund has $250 million in total assets, which is below the $1 billion average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SEIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Seix Senior Loan ETF expense ratio is average compared to funds in the Bank Loan category. Virtus Seix Senior Loan ETF has an expense ratio of 0.57%, which is 2% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Seix Senior Loan ETF has a portfolio turnover rate of 256%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 96% for the Bank Loan category.
Recently, in the month of June 2026, Virtus Seix Senior Loan ETF returned 0.1%, which earned it a grade of B, as the Bank Loan category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Virtus Seix Senior Loan ETF has a trailing yield of 7.26%, which is below the 7.40% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus Seix Senior Loan ETF Grades
Year to date, the ETF has returned 2.2%, 1.0 percentage points better than the category, which translates into a grade of A. The fund has returned 5.4% over the past year (grade of A), 7.4% over the past three years (grade of B) and 5.7% per year over the past five years (grade of A).
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SEIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SEIX Return (NAV) | 0.1% | 2.1% | 5.4% | 7.4% | 5.7% | na |
| SEIX Return (Price) | 0.3% | 2.0% | 5.5% | 7.5% | 5.7% | na |
| NAV +/- Price Return | -0.133% | 0.066% | -0.055% | -0.153% | -0.046% | na |
| Bank Loan Avg | -0.0% | 1.8% | 4.2% | 7.3% | 5.2% | 4.6% |
| SEIX Grade (NAV) | B | B | A | B | A | na |
| +/- Category (NAV) | 0.1% | 0.3% | 1.3% | 0.1% | 0.4% | na |
| SEIX Tax-Cost Ratio | na | na | 2.9% | 3.2% | 2.9% | na |
SEIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SEIX Return (NAV) | 2.2% | 5.2% | 8.3% | 12.4% | -1.9% | 5.6% | 3.3% | na | na | na | na |
| SEIX Return (Price) | 2.2% | 5.1% | 8.4% | 12.5% | -1.8% | 5.5% | 3.2% | na | na | na | na |
| NAV +/- Price Ret | 0.021% | -0.024% | 0.013% | 0.006% | -0.069% | -0.028% | -0.036% | na | na | na | na |
| Bank Loan Avg | 1.2% | 5.7% | 8.7% | 12.7% | -2.3% | 4.0% | 2.6% | 8.7% | -0.4% | 2.8% | 7.6% |
| SEIX Grade (NAV) | A | F | D | C | C | A | A | na | na | na | na |
| +/- Category | 1.0% | -0.4% | -0.4% | -0.3% | 0.4% | 1.7% | 0.7% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.05 |
| R-Squared: | 2% |
| Standard Deviation: | 1.8% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.15 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 7.3% |
| Total Assets: | $ 250 Mil |
| Share Class Assets: | $ 250 Mil |
| Turnover: | 256.0% |
| Expense Ratio: | 0.57% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.2 years | |||
| Average Tenure: 7.1 years | |||
| Managers (Year): Flanagan Vincent (2019), Goudelias George (2019), Guevara Eric (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 248 |
| % in Top 10 Holdings: | 9.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.4% |
| Foreign Bond: | 1.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Virtus |
| Phone Number: | 888-383-0553 |
| Website: | http://www.newfleet.com/ |
| Inception Date: | April 23, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.57% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.58% |
