Virtus Terranova U.S. Quality Momentum ETF
Investment Overview
The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index.
Investment Methodology
Joe Terranova , Senior Managing Director and Chief Market Strategist for Virtus Investment Partners, created and developed the Terranova U.S. Quality Momentum Index, whose methodology reflects the investing principles he has utilized to assess markets throughout his 30+ year career on Wall Street. Indxx, LLC is the index provider and calculation agent. The portfolio managers are affiliated with Virtus ETF Advisers, LLC, the Fund's adviser.
Introducing Quality Momentum
Take a deeper dive and watch Joe Terranova discuss quality momentum
Investment Professionals
Seth Kadushin
Portfolio Manager, Virtus ETF Advisers LLC
Industry start date: 1988
Start date as fund Portfolio Manager: 2020
Matthew B. Brown
Executive Managing Director, Chief Operating Officer, Virtus ETF Solutions
Portfolio Manager, Virtus ETF Advisers LLC
Industry start date: 1999
Start date as fund Portfolio Manager: 2020
Key Features
Core Equity Holding
Strives to provide exposure to the best performing U.S. large-cap companies with the highest quality fundamental characteristics, resulting in a distinct portfolio built for long-term growth.
Introducing Quality Momentum
Systematically seeks to identify and capture the returns of high-conviction investment opportunities characterized by fundamental (quality) and technical (momentum) attributes.
Equal Weighted
Equal stock weightings, at the time of quarterly Index rebalance, help ensure balance and diversification, while also attempting to reduce over-concentration, single event stock risk, and limitations relative to traditional cap-weighted strategies.
Top Holdings (% Fund)
| Security | |
|---|---|
| NVIDIA CORP | |
| BROADCOM INC | |
| META PLATFORMS INC-CLASS A | |
| KLA CORP | |
| NETFLIX INC | |
| ON SEMICONDUCTOR | |
| VULCAN MATERIALS CO | |
| TRADE DESK INC/THE -CLASS A | |
| APPLIED MATERIALS INC | |
| ELI LILLY & CO |
Performance
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.
Fees & Expenses
| Total Expense Ratio | 0.29 |
Yields / Distribution Rate1
(as of 05/31/2023)| 30-day SEC Yield | 1.17 |
Distribution History2
| Ex-Date | Record Date | Payable Date | Dividend Income | ST Capital Gains | LT Capital Gains | Distribution Total |
|---|---|---|---|---|---|---|
| 12/20/2022 | 12/21/2022 | 12/29/2022 | 0.333890 | 0.000000 | 0.000000 | 0.333890 |
Premium/Discount
| Number of Days Fund has Traded at a: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Discount | Premium | |||||||||
| Period | Less than -2% | -1.51% to -2.00% | -1.01% to -1.50% | -0.51% to -1.00% | -0.01% to -0.50% | 0.00% to 0.50% | 0.51% to 1.00% | 1.01% to 1.50% | 1.51% to 2.00% | Greater than 2% |
| 2021-Q2: 4/1/2021 through 6/30/2021 | 0 | 0 | 0 | 0 | 55 | 8 | 0 | 0 | 0 | 0 |
| 2021-Q3: 7/1/2021 through 9/30/2021 | 0 | 0 | 0 | 0 | 13 | 51 | 0 | 0 | 0 | 0 |
| 2021-Q4: 10/1/2021 through 12/31/2021 | 0 | 0 | 0 | 0 | 4 | 60 | 0 | 0 | 0 | 0 |
| 2022-Q1: 1/3/2022 through 3/31/2022 | 0 | 0 | 0 | 0 | 50 | 12 | 0 | 0 | 0 | 0 |
| 2022-Q2: 4/1/2022 through 6/30/2022 | 0 | 0 | 0 | 0 | 32 | 30 | 0 | 0 | 0 | 0 |
| 2022-Q3: 7/1/2022 through 9/30/2022 | 0 | 0 | 0 | 0 | 27 | 37 | 0 | 0 | 0 | 0 |
| 2022-Q4: 10/3/2022 through 12/30/2022 | 0 | 0 | 0 | 0 | 27 | 36 | 0 | 0 | 0 | 0 |
| 2023-Q1: 1/3/2023 through 3/31/2023 | 0 | 0 | 0 | 0 | 30 | 32 | 0 | 0 | 0 | 0 |
Risk Considerations
Marketing Materials
Positions
Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. Contact us at 1-888-383-0553 or visit www.virtusetfs.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.
Closing Price: The Closing Price is the price of the last reported trade on the fund's primary exchange. If there has been no reported trade for a particular date, the Closing Price represents the 4PM Bid/Offer Midpoint.
4PM Bid/Offer Midpoint: The midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00pm Eastern Time).
Premium/Discount: The amount the Fund is trading above or below the reported NAV (based on 4PM Bid/Offer Midpoint).
The Fund is an exchange-traded fund (“ETF”). The “net asset value” (NAV) of the Fund is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the Fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the Fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV, and include the reinvestment of all dividends and other distributions (reinvested at the Fund's NAV on distribution ex-date). Market price returns are calculated using the 4:00 pm midpoint between the bid and offer, and include the reinvestment of all dividends and other distributions (reinvested at the 4:00pm bid/offer midpoint on distribution ex-date). Market price returns do not represent the return you would receive if you traded at other times.
1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is the annual rate that an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the Fund and does not represent total return of the Fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.
2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain
Returns for periods of less than one year are cumulative total returns.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.