Home / ETF / Virtus Newfleet Short Duration High Yield Bond ETF
Exchange-Traded Fund Fixed Income Leveraged Finance

Virtus Newfleet Short Duration High Yield Bond ETF

Image specific to each asset class and market style grouping.
Ticker
VSHY
CUSIP
92790A207
Inception
12/05/2016
Closing Price
$
(as of 06/20/2024)
30-Day Median Bid/Ask Spread
0.33% (as of 06/20/2024)
Premium/Discount
$-0.02 (as of 06/20/2024)
4PM Bid/Offer Midpoint
$21.36 (as of 06/20/2024)
Shares Outstanding
154,000 (as of 06/20/2024)
Daily Trading Volume
300.00 (as of 06/20/2024)
20 Day Average Trading Volume
630.00 (as of 06/20/2024)
Net Assets
$3,291,857 (as of 06/20/2024)

Portfolio Overview

Investment Overview

The Fund actively invests in short term, below-investment grade bonds, 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.

Effective November 28, 2023, this Fund's name, ticker, and investment opportunity have changed.

Management Team

Investment Partner

Newfleet Asset Management

Newfleet Asset Management is a multi-sector fixed income manager with more than a quarter century of experience investing across the full fixed income universe.

Newfleet 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 construct diversified portfolios.

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 - 400x400

David L. Albrycht, CFA

President and Chief Investment Officer

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

Show More
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

Show More
Eric Hess

Eric Hess, CFA

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

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

Show More

Key Features

Higher-Quality High Yield and Shorter Duration

Seeks to manage interest rate risk and minimize volatility by investing in higher-quality high yield bonds with a duration of less than three years

Extensive Fundamental Research

Security selection driven by relative value analysis of individual bond quality, credit risk, valuation, company management, structure, and technical elements

Experienced Credit Management Team

Dedicated team of short-duration fixed income managers who have a strong history of achieving attractive risk-adjusted returns

Portfolio

Top Holdings (% Fund)

(as of 06/21/2024)
Security
FORD MOTOR COMPANY 3.250 02/12/2032
2.40
 2.40
TEVA PHARMACEUTICALS NE 3.150 10/01/2026
1.86
 1.86
ENERGY TRANSFER LP 6.500 11/15/2170
1.81
 1.81
LSB INDUSTRIES 6.250 10/15/2028
1.76
 1.76
LADDER CAP FIN LLLP/CORP 4.250 02/01/2027
1.73
 1.73
WEEKLEY HOMES LLC/ FINAN 4.875 09/15/2028
1.67
 1.67
GRAY TELEVISION INC 7.000 05/15/2027
1.66
 1.66
VIASAT INC 5.625 09/15/2025
1.63
 1.63
CORONADO FINANCE PTY LTD 10.750 05/15/2026
1.58
 1.58
NEW ENTERPRISE STONE & L 9.750 07/15/2028
1.55
 1.55

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.

The Index shown represents the Fund's performance index, which may differ from the Fund's regulatory index included in the Fund's Prospectus.

Fees & Expenses

Total Expense Ratio 0.40
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.

Yields / Distribution Rate1

(as of 05/31/2024)
30-day SEC Yield 8.16
Distribution Rate (as of 06/20/2024) 7.38

Distribution History2

Ex-Date Record Date Payable Date Dividend Income ST Capital Gains LT Capital Gains Distribution Total
06/20/2023 06/21/2023 06/28/2023 0.118710 0.000000 0.000000 0.118710
07/20/2023 07/21/2023 07/28/2023 0.122680 0.000000 0.000000 0.122680
08/21/2023 08/22/2023 08/29/2023 0.105460 0.000000 0.000000 0.105460
09/20/2023 09/21/2023 09/28/2023 0.160220 0.000000 0.000000 0.160220
10/20/2023 10/23/2023 10/30/2023 0.132690 0.000000 0.000000 0.132690
11/20/2023 11/21/2023 11/29/2023 0.136950 0.000000 0.000000 0.136950
12/20/2023 12/21/2023 12/29/2023 0.291690 0.000000 0.000000 0.291690
01/22/2024 01/23/2024 01/30/2024 0.010000 0.000000 0.000000 0.010000
02/21/2024 02/22/2024 02/29/2024 0.107060 0.000000 0.000000 0.107060
03/20/2024 03/21/2024 03/26/2024 0.121570 0.000000 0.000000 0.121570
04/22/2024 04/23/2024 04/29/2024 0.141310 0.000000 0.000000 0.141310
05/20/2024 05/21/2024 05/28/2024 0.119440 0.000000 0.000000 0.119440
06/20/2024 06/20/2024 06/27/2024 0.131400 0.000000 0.000000 0.131400


Period Number of Days Fund has Traded at a:
Discount Premium
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%
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
2023-Q1: 1/3/2023 through 3/31/2023 0 0 0 32 20 10 0 0 0 0
2023-Q2: 4/3/2023 through 6/30/2023 0 0 0 1 54 7 0 0 0 0
2023-Q3: 7/3/2023 through 9/29/2023 0 0 0 0 60 3 0 0 0 0
2023-Q4: 10/2/2023 through 12/29/2023 0 0 0 1 45 16 0 0 0 1
2024-Q1: 1/2/2024 through 3/28/2024 0 0 0 0 43 18 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. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Newfleet Short Duration High Yield Bond ETF Fact Sheet
ETF Product Guide
Virtus ETF Ticker Menu
Newfleet Fixed Income Fund Capabilities
It Might Be Time to Consider Short Duration High Yield
Spotlight on Global Credit
The Case for Short Duration High Income
Newfleet 2024 Fixed Income Market Outlook
Newfleet Market Review & Outlook - Multi Sector

Positions

Positions VSHY
Virtus Newfleet Short Duration High Yield Bond ETF Holdings Fiscal Q1
Virtus Newfleet High Yield Bond ETF Holdings Fiscal Q3

Distributions

2024 Distribution Calendar - ETF

Financial Materials

Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) Prospectus
Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) SAI
Virtus ETF Trust II Annual Report | 2023
Virtus ETF Trust II Semi-Annual Report | 2024

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.