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Virtus Newfleet High Yield Bond ETF

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Exchange Traded Fund Fixed Income Leveraged Finance

Virtus Newfleet High Yield Bond ETF

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Fact Sheet
Ticker
BLHY
CUSIP
92790A207
Inception
12/05/2016
NAV
$
(as of 03/29/2023)
Closing Price
$
(as of 03/29/2023)
30-Day Median Bid/Ask Spread
0.77% (as of 03/29/2023)
Premium/Discount
$0.00 (as of 03/29/2023)
4PM Bid/Offer Midpoint
$20.73 (as of 03/29/2023)
Shares Outstanding
204,000 (as of 03/29/2023)
Daily Trading Volume
100.00 (as of 03/29/2023)
20 Day Average Trading Volume
145.00 (as of 03/29/2023)
Net Assets
$4,229,568 (as of 03/29/2023)

Portfolio Overview

Investment Overview

The Fund actively invests in high yield fixed income securities, seeking to generate both high current income and capital growth. Rigorous credit analysis and a relative value approach, coupled with opportunistic trading, strives to take advantage of mispricings, market dislocations, and other special situations.

 
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Management Team

Investment Partner

Newfleet Asset Management

Newfleet Asset Management leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction.

Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.


Learn more about Newfleet Asset Management

Investment Professionals

David Albrycht, CFA

David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985
Start date as fund Portfolio Manager: 2016

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William Eastwood

William Eastwood, CFA

Senior Managing Director, Portfolio Manager, and Head of Trading

Industry start date: 1995
Start date as fund Portfolio Manager: 2019

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Eric Hess

Eric Hess, CFA

Senior Managing Director, Portfolio Manager, and High Yield Sector Head

Industry start date: 2006
Start date as fund Portfolio Manager: 2019

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Francesco Ossino

Francesco Ossino

Senior Managing Director, Senior Portfolio Manager, and Bank Loan Sector Head

Industry start date: 1996
Start date as fund Portfolio Manager: 2016

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Key Features

Complement to Traditional Stocks and Bonds

High yield bonds have historically provided competitive risk-adjusted returns relative to stocks, while offering yield opportunities simply not achievable with traditional core bonds

Relative Value Focused

Newfleet's time-tested team of credit analysts employ their hallmark relative value approach, aiming to exploit inefficiencies by continuously evaluating the market, sectors, and securities while managing downside risk

Seeks High Income

High yield bonds have historically offered a compelling yield advantage relative to traditional core bonds, all the while providing more credit diversification and less interest rate sensitivity

Portfolio

Top Holdings (% Fund)

(as of 03/30/2023)
Security
US TREASURY N/B 2.750 04/30/2023
2.95
 2.95
US TREASURY N/B 3.125 11/15/2028
2.06
 2.06
CCO HLDGS LLC/CAP CORP 4.750 03/01/2030
1.62
 1.62
CITGO PETROLEUM CORP 7.000 06/15/2025
1.51
 1.51
ACRISURE LLC / FIN INC 7.000 11/15/2025
1.42
 1.42
FORD MOTOR COMPANY 3.250 02/12/2032
1.37
 1.37
OCCIDENTAL PETROLEUM COR 6.125 01/01/2031
1.34
 1.34
LADDER CAP FIN LLLP/CORP 4.250 02/01/2027
1.32
 1.32
MAUSER PACKAGING SOLUT 9.250 04/15/2027
1.27
 1.27
ALBERTSONS COS/SAFEWAY 4.625 01/15/2027
1.25
 1.25

Performance

Performance

As of
As of

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 (Gross) 2.32
Total Expense Ratio (Net) 0.49
The Total Expense Ratio represents the Fund's Total Annual Fund Operating Expenses, which includes the management fee and other expenses where applicable, except for certain payments that are paid directly by the Fund, as described in the Prospectus. The Fund's investment adviser has entered into an expense limitation agreement to limit the Fund's total operating expenses (excluding certain expenses as described in the prospectus) so that such expenses do not exceed 0.49% of the Fund's average daily net assets through November 28, 2023.

Yields / Distribution Rate1

(as of 02/28/2023)
30-day SEC Yield 8.47
30-day SEC Yield (unsubsidized) 7.50
Distribution Rate (as of 03/29/2023) 6.54

Distribution History2

Ex-Date Record Date Payable Date Dividend Income ST Capital Gains LT Capital Gains Distribution Total
04/20/2022 04/21/2022 04/28/2022 0.105690 0.000000 0.000000 0.105690
05/20/2022 05/23/2022 05/31/2022 0.103720 0.000000 0.000000 0.103720
06/21/2022 06/22/2022 06/29/2022 0.136240 0.000000 0.000000 0.136240
07/20/2022 07/21/2022 07/28/2022 0.095990 0.000000 0.000000 0.095990
08/22/2022 08/23/2022 08/30/2022 0.157160 0.000000 0.000000 0.157160
09/20/2022 09/21/2022 09/28/2022 0.089430 0.000000 0.000000 0.089430
10/20/2022 10/21/2022 10/28/2022 0.126180 0.000000 0.000000 0.126180
11/21/2022 11/22/2022 11/30/2022 0.116760 0.000000 0.000000 0.116760
12/20/2022 12/21/2022 12/29/2022 0.225560 0.000000 0.000000 0.225560
01/20/2023 01/23/2023 01/30/2023 0.010000 0.000000 0.000000 0.010000
02/21/2023 02/22/2023 02/27/2023 0.105290 0.000000 0.000000 0.105290
03/20/2023 03/21/2023 03/28/2023 0.113020 0.000000 0.000000 0.113020


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-Q1: 1/4/2021 through 3/31/2021 0 0 0 10 51 0 0 0 0 0
2021-Q2: 4/1/2021 through 6/30/2021 0 0 0 1 61 1 0 0 0 0
2021-Q3: 7/1/2021 through 9/30/2021 0 0 0 0 61 3 0 0 0 0
2021-Q4: 10/1/2021 through 12/31/2021 0 0 0 0 64 0 0 0 0 0
2022-Q1: 1/3/2022 through 3/31/2022 1 0 0 0 58 3 0 0 0 0
2022-Q2: 4/1/2022 through 6/30/2022 0 0 0 0 56 5 1 0 0 0
2022-Q3: 7/1/2022 through 9/30/2022 0 0 0 8 41 13 2 0 0 0
2022-Q4: 10/3/2022 through 12/30/2022 0 0 0 22 26 15 0 0 0 0

Risk Considerations

Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs to the portfolio of owning shares of an ETF may exceed the cost of investing directly in the underlying securities.
Credit & Interest: Debt instruments are subject to various risks, including credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high yield securities than investment grade securities.
Foreign Investing: Investing in foreign securities subjects the portfolio to additional risks such as increased volatility; currency fluctuations; less liquidity; less publicly available information about the foreign investment; and political, regulatory, economic, and market risk.
Industry/Sector Concentration: A portfolio that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated portfolio.
Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short- or long-term. Local, regional, or global events such as war or military conflict (e.g., Russia's invasion of Ukraine), acts of terrorism, the spread of infectious illness (e.g., COVID-19 pandemic) or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio's manager(s) to invest the portfolio's assets as intended.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Newfleet High Yield ETF Fact Sheet
Download
Newfleet Monthly Sector Review
Download
Newfleet Fixed Income Fund Capabilities
Download
Longevity vs. Liquidity Presentation
Download
ETF Product Guide
Download
Virtus ETF Ticker Menu
Download
Newfleet Market Review & Outlook
Download
Newfleet 2023 Fixed Income Market Outlook
Download

Positions

Positions BLHY
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Virtus Newfleet High Yield Bond ETF Holdings Fiscal Q1
Download
Virtus Newfleet High Yield Bond ETF Holdings Fiscal Q3
Download

Distributions

2023 Distribution Calendar - ETF
Download

Financial Materials

Virtus Newfleet High Yield Bond ETF (BLHY) Prospectus - November 2022
Download
Virtus Newfleet High Yield Bond ETF (BLHY) SAI - November 2022
Download
Virtus ETF Trust II Annual Report | 2022
Download
Virtus ETF Trust II Semi-Annual Report | 2023
Download

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.virtus.com for a copy of the Fund's prospectus. Read the prospectus carefully before you invest or send money.

The Fund is an actively managed exchange-traded fund (“ETF”) and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index.

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.