Symbols

NFLT

Virtus Newfleet Multi-Sector Bond ETF·ARCA

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Key Stats

Assets Under Management

350.02MUSD

Fund Flows (1Y)

119.57MUSD

Dividend Yield

5.73%

Discount/Premium to NAV

0.10%

Shares Outstanding

15.20M

Expense Ratio

0.50%

About Virtus Newfleet Multi-Sector Bond ETF

Issuer

Virtus Investment Advisers, LLC

Brand

Virtus

Home Page

https://www.virtus.com/products/newfleet-multi-sector-bond-etf#shareclass.610/period.quarterly

Inception Date

Aug 10, 2015

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

NFLT offers investors another go anywhere, invest in anything bond ETF option. The fund's managers can invest anywhere in the world, across all sectors and currencies, and can dial in credit risk (investment grade vs. high yield) as they see fit. While the managers can use short positions in Treasurys to hedge US interest rate risk, they have no mandate to maintain a particular duration range. Investors here should have strong conviction in the managers.