Symbols

VABS

Virtus Newfleet ABS/MBS ETF·ARCA

--(--)

Key Stats

Assets Under Management

82.73MUSD

Fund Flows (1Y)

2.41MUSD

Dividend Yield

4.76%

Discount/Premium to NAV

-0.04%

Shares Outstanding

3.40M

Expense Ratio

0.39%

About Virtus Newfleet ABS/MBS ETF

Issuer

Virtus Investment Advisers, LLC

Brand

Virtus

Home Page

https://www.virtus.com/products/virtus-newfleet-abs-mbs-etf#shareclass.840/period.quarterly

Inception Date

Feb 9, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Virtus Advisers LLC

Distributor

VP Distributors LLC

VABS is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. The Sub-Adviser's selection process utilizes a relative value, sector rotation approach, which targets the ABS and MBS sectors of the fixed income market. The adviser then identifies appropriate securities within these two sectors by reviewing the underlying asset of the potential investment, assessing the loan originator and management team of the issuer, and analyzing the deal structure and cash flow priorities. Pre-issuance pricing discussions are also analyzed for newly issued ABS and MBS. Ultimately, this strategy aims to offer relatively high income based on the Sub-Adviser's risk-reward analysis. The fund mainly invests in investment grade tranches of ABS and MBS, with no limitation regarding maturity. Derivatives may also be used as a hedging tool.