Fund Description
The Virtus Cumberland Municipal Bond ETF (Ticker: CUMB) (the Fund ) seeks to provide a competitive level of current income exempt from federal income tax, while preserving capital. In seeking to achieve the Fund s investment objective, the Fund invests, under normal circumstances, at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from U.S. federal income tax ( Municipal Bonds ). Cumberland Advisors Inc., the Fund s sub-adviser (the Sub-Adviser ), will invest the Fund s assets using a barbell strategy, which means that the Sub-Adviser will overweight the Fund s investments in Municipal Bonds with maturities on the short and long ends of the fixed income yield curve, while underweighting exposure to Municipal Bonds with intermediate maturities.
Fund Profile
Fund Name Virtus Cumberland Municipal Bond ETF
Fund Exchange Ticker CUMB
Fund Sponsor Virtus ETF Solutions
Fund ISIN US26923G8713
Net Expense Ratio 0.59 %
Fund Inception Date 18 January 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Intermediate (3-10) years
Bond Currency Denomination USD
Key Statistics
Return As of Date 15 January 2019
Asset Under Management 11.21 Million (USD)
1 Month Total Return 0.97 %
Year To Date Return 0.00 %
1 Year Total Return 1.13 %
3 Year Annualized Total Return
NAV 24.9145
Share Outstanding 450,004
Top 10 Holdings (15 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Regional Transportation District 4.500% 06/01/2044 BOND 0.0235
Ball State University 5.000% 07/01/2036 BOND 0.0226
State of Connecticut Clean Water Fund - State Revolving Fund 5.000% 05/01/2027 BOND 0.0217
Salt River Project Agricultural Improvement & Power District 5.000% 01/01/2038 BOND 0.0205
State of Georgia 4.000% 07/01/2025 BOND 0.0201
Red River Education Finance Corp 5.000% 03/15/2043 BOND 0.02
New York State Dormitory Authority 5.000% 07/01/2043 BOND 0.0198
State of Hawaii Department of Budget & Finance 5.500% 07/01/2043 BOND 0.0197
Arizona Department of Transportation State Highway Fund Revenue 5.250% 07/01/2029 BOND 0.0193
Massachusetts School Building Authority 5.000% 10/15/2041 BOND 0.0191