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 20 March 2019
Asset Under Management 8.70 Million (USD)
1 Month Total Return 0.68 %
Year To Date Return 1.42 %
1 Year Total Return 3.88 %
3 Year Annualized Total Return
NAV 24.8528
Share Outstanding 350,004
Top 10 Holdings (20 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash/Cash equivalents BOND 0.2343
Commonwealth of Massachusetts 5.250% 01/01/2021 BOND 0.0196
City & County Honolulu HI Wastewater System Revenue 5.000% 07/01/2045 BOND 0.0195
New York City Water & Sewer System 5.000% 06/15/2046 BOND 0.019
Lower Colorado River Authority 5.000% 05/15/2039 BOND 0.0188
University System of Maryland 4.000% 04/01/2037 BOND 0.0185
State of California 5.000% 10/01/2041 BOND 0.0185
City of Houston TX Combined Utility System Revenue 5.000% 11/15/2019 BOND 0.0176
State of Washington 5.000% 08/01/2028 BOND 0.0163