Fund Description
The Fund has the potential to generate competitive total return from both income and capital appreciation, as well as to provide a hedge against rising interest rates. The Fund offers investors the opportunity to outsource the complexity of allocating between two rapidly converging non-investment-grade credit sectors high yield corporate bonds and floating rate bank loans to a single manager with deep expertise in both asset classes and longstanding experience managing multi-sector portfolios. The expanded opportunity set created by combining these asset classes may provide enhanced diversification benefits due to low correlation to core fixed income. The Fund also has the ability to invest up to 100% of its assets in U.S. Treasuries when the managers determine that market conditions warrant a move away from credit sectors.
Fund Profile
Fund Name Virtus Newfleet Dynamic Credit ETF
Fund Exchange Ticker BLHY
Fund Sponsor Virtus ETF Solutions
Fund ISIN US92790A2078
Net Expense Ratio 0.68 %
Fund Inception Date 5 December 2016
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 24 May 2019
Asset Under Management 15.73 Million (USD)
1 Month Total Return 0.38 %
Year To Date Return 6.51 %
1 Year Total Return 4.18 %
3 Year Annualized Total Return
NAV 24.0596
Share Outstanding 654,000
Top 10 Holdings (24 May 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
United States Treasury Bill 0.000% 11/14/2019 BOND 0.3142
Cash/Cash equivalents BOND 0.1084
United States Treasury Bill 0.000% 02/27/2020 BOND 0.0624
Vertafore Inc 5.826% 07/02/2025 BOND 0.0312
Kronos Inc/MA 5.576% 11/01/2023 BOND 0.0288
Talen Energy Supply LLC 6.576% 04/15/2024 BOND 0.0216
SiteOne Landscape Supply Holding LLC 5.271% 10/29/2024 BOND 0.0169
Applied Systems Inc 5.576% 09/19/2024 BOND 0.0162
Everi Payments Inc 5.576% 05/09/2024 BOND 0.0156
PetSmart Inc 6.795% 03/11/2022 BOND 0.0149