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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.40

$88.7 M

6.19%

$1.39

0.81%

Vitals

YTD Return

1.7%

1 yr return

8.4%

3 Yr Avg Return

0.7%

5 Yr Avg Return

2.8%

Net Assets

$88.7 M

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$22.4
$21.11
$22.62

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 107.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.40

$88.7 M

6.19%

$1.39

0.81%

NFLT - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.52%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Multi-Sector Bond ETF
  • Fund Family Name
    Virtus ETFs
  • Inception Date
    Aug 10, 2015
  • Shares Outstanding
    1300004
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Albrycht

Fund Description

Under normal market conditions, the Fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. In seeking to achieve the Fund’s investment objective, Newfleet Asset Management, LLC (“Newfleet”), a division of Virtus Fixed Income Advisers, LLC, the Fund’s sub-adviser, applies a multi-sector investment approach to credit research to capitalize on opportunities across undervalued areas of the bond markets. Newfleet seeks to provide diversification by allocating the Fund’s investments among various sectors of the fixed income markets, including, without limitation: corporate investment-grade; corporate high-yield; bank loans; agency and non-agency mortgage-backed securities (“MBS”), including commercial MBS and residential MBS; non-U.S. dollar securities; emerging market high-yield securities; Yankee investment-grade bonds; agency and non-agency asset-backed securities (“ABS”); taxable municipal bonds; tax-exempt municipal bonds; and securities issued or guaranteed as to principal and interest by the U.S. government, its agencies, authorities or instrumentalities.

The Fund’s fixed income investments may be issued by various types of issuers and may include some or all of the following:

Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, including, without limitation, collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”) and other pass-through securities;

Debt securities issued by foreign issuers, including foreign governments and their political subdivisions, and issuers located in emerging markets countries (i.e., those that are in the early stages of their economic development);

Investment grade securities of U.S. and foreign issuers, including short-term securities; and,

High yield debt instruments of U.S. and foreign issuers (commonly referred to a “junk bonds”), which may include bank loans (generally with floating rates).

The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933.

The Fund may invest in securities of U.S. or foreign issuers of any maturity or credit quality rating. In addition, the Fund has no target duration for its investment portfolio and the Fund’s portfolio managers may target shorter or longer durations in response to their view of the fixed income markets generally or any sector thereof. From time to time, Newfleet may use Treasury futures, either long or short, to adjust total portfolio duration. With respect to credit quality, the Fund may invest in investment grade or non-investment grade securities, without limitation. There is no limitation to the Fund’s holdings in below investment grade securities or foreign issuers (as measured by country of risk).

The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective. In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.

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NFLT - Performance

Return Ranking - Trailing

Period NFLT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -8.9% 7.3% 53.43%
1 Yr 8.4% -7.3% 26.3% 32.87%
3 Yr 0.7%* -17.2% 17.1% 38.50%
5 Yr 2.8%* -13.0% 15.1% 26.89%
10 Yr N/A* -13.6% 6.5% 9.03%

* Annualized

Return Ranking - Calendar

Period NFLT Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -12.0% 15.7% 55.37%
2022 -13.1% -31.8% 18.4% 48.80%
2021 -2.2% -26.6% 25.7% 64.58%
2020 3.9% -49.2% 18.7% 26.92%
2019 5.4% -35.1% 15.3% 40.04%

Total Return Ranking - Trailing

Period NFLT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -8.9% 7.3% 53.43%
1 Yr 8.4% -7.3% 26.3% 32.87%
3 Yr 0.7%* -17.2% 17.1% 38.50%
5 Yr 2.8%* -13.0% 15.1% 26.89%
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period NFLT Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -7.0% 22.2% 32.04%
2022 -9.5% -31.8% 21.1% 52.79%
2021 1.2% -13.5% 49.9% 62.60%
2020 8.0% -28.6% 24.1% 23.53%
2019 10.0% -4.8% 19.1% 38.12%

NFLT - Holdings

Concentration Analysis

NFLT Category Low Category High NFLT % Rank
Net Assets 88.7 M 2.53 M 143 B 85.71%
Number of Holdings 537 4 9868 47.41%
Net Assets in Top 10 8.15 M -1.57 B 65.8 B 94.66%
Weighting of Top 10 14.53% 0.7% 171.7% 85.78%

Top 10 Holdings

  1. United States Treasury Note/Bond 3.10%
  2. JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES 2.84%
  3. United States Treasury Note/Bond 1.79%
  4. United States Treasury Note/Bond - When Issued 1.18%
  5. Fannie Mae Pool 1.14%
  6. Freddie Mac Pool 1.14%
  7. United States Treasury Note/Bond 1.10%
  8. New Residential Mortgage Loan Trust 2017-2 0.78%
  9. Fannie Mae Pool 0.74%
  10. United States Treasury Note/Bond 0.72%

Asset Allocation

Weighting Return Low Return High NFLT % Rank
Bonds
88.80% -150.81% 196.48% 49.61%
Other
9.05% -62.91% 100.00% 29.83%
Cash
2.84% -94.66% 258.91% 57.93%
Convertible Bonds
0.56% 0.00% 33.50% 64.33%
Stocks
0.00% -4.18% 99.88% 73.47%
Preferred Stocks
0.00% 0.00% 30.46% 99.37%

Stock Sector Breakdown

Weighting Return Low Return High NFLT % Rank
Utilities
0.00% 0.00% 100.00% 84.33%
Technology
0.00% 0.00% 28.30% 83.80%
Real Estate
0.00% 0.00% 100.00% 85.21%
Industrials
0.00% 0.00% 100.00% 87.50%
Healthcare
0.00% 0.00% 18.60% 88.03%
Financial Services
0.00% 0.00% 100.00% 89.44%
Energy
0.00% 0.00% 100.00% 6.87%
Communication Services
0.00% 0.00% 100.00% 87.50%
Consumer Defense
0.00% 0.00% 99.97% 83.10%
Consumer Cyclical
0.00% 0.00% 89.95% 86.80%
Basic Materials
0.00% 0.00% 100.00% 87.68%

Stock Geographic Breakdown

Weighting Return Low Return High NFLT % Rank
US
0.00% -4.11% 99.88% 70.33%
Non US
0.00% -0.07% 17.73% 98.74%

Bond Sector Breakdown

Weighting Return Low Return High NFLT % Rank
Corporate
51.31% 0.00% 96.66% 31.36%
Government
20.50% 0.00% 99.43% 29.44%
Securitized
13.52% 0.00% 99.65% 59.84%
Cash & Equivalents
2.84% 0.00% 74.29% 49.92%
Municipal
0.38% 0.00% 54.26% 24.48%
Derivative
0.00% -62.91% 37.37% 62.36%

Bond Geographic Breakdown

Weighting Return Low Return High NFLT % Rank
US
88.64% -151.11% 196.48% 33.59%
Non US
0.15% 0.00% 67.77% 68.13%

NFLT - Expenses

Operational Fees

NFLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.03% 20.67% 72.46%
Management Fee 0.45% 0.00% 2.29% 18.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

NFLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NFLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NFLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.00% 0.00% 632.00% 66.35%

NFLT - Distributions

Dividend Yield Analysis

NFLT Category Low Category High NFLT % Rank
Dividend Yield 6.19% 0.00% 13.03% 23.02%

Dividend Distribution Analysis

NFLT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

NFLT Category Low Category High NFLT % Rank
Net Income Ratio 3.52% -1.55% 10.56% 26.48%

Capital Gain Distribution Analysis

NFLT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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NFLT - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Aug 10, 2015

6.81

6.8%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Benjamin Caron


Start Date

Tenure

Tenure Rank

Aug 30, 2019

2.75

2.8%

Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.78 3.19