Virtus Seix Senior Loan ETF
The Fund actively invests in senior-secured, floating rate leveraged loans, seeking to generate high levels of current income. Time-tested, fundamental research targets the strongest and most undervalued credits, aiming to capture upside potential while limiting downside risk.
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Seix Investment Advisors LLC
Seix Investment Advisors is an investment management boutique focused exclusively on managing fixed income securities since 1992. Seix seeks to generate competitive absolute and relative risk-adjusted returns over the full market cycle through a bottom-up focused, top-down aware process. Seix employs multi-dimensional approaches based on strict portfolio construction methodology, sell disciplines and trading strategies with prudent risk management as a cornerstone.
Learn more about Seix Investment Advisors LLC
Managing Director, Head of Leveraged Finance, Senior Portfolio Manager
Industry start date: 1987
Start date as fund Portfolio Manager: 2019
George Goudelias is managing director and head of leveraged finance at Seix Investment Advisors, an investment management affiliate of Virtus Investment Partners. Mr. Goudelias is responsible for strategic oversight of the firm’s high yield bond portfolio management activities and is the senior portfolio manager of all leveraged loan portfolios.
Mr. Goudelias joined Seix in 2001 as head of leveraged finance research, and subsequently launched the Leveraged Loan strategy in 2005. His responsibilities have since expanded to include all leveraged loan portfolios and collateralized loan obligations (CLOs). Prior to joining Seix, Mr. Goudelias was a senior high yield research analyst at J.P. Morgan Securities.
Mr. Goudelias earned a B.S. in finance and accounting and an M.B.A. in finance from New York University. He has worked in investment management since 1987.
Portfolio Manager, Senior Leveraged Finance Research Analyst
Industry start date: 1997
Start date as fund Portfolio Manager: 2019
Vince Flanagan is a portfolio manager and senior leveraged finance research analyst at Seix Investment Advisors, an investment management affiliate of Virtus Investment Partners. In his role as senior leveraged finance research analyst, he focuses on the media and technology sectors.
Mr. Flanagan joined Seix in 2006, and became a portfolio manager in 2011 to assist in the management of the floating rate mutual fund. Previously, he was director of research for Assurant, Inc., covering the telecommunications, cable/media, utility, and broadcasting industries. He began his career at TD Securities, advancing to a senior high yield research analyst, where he focused on U.S. and Canadian wireless carriers.
Mr. Flanagan earned a B.S. in finance from New York University and holds the Chartered Financial Analyst® (CFA®) designation. He has worked in investment management since 1997.
Head of Leveraged Loan Trading and Portfolio Manager
Industry start date: 2000
Start date as fund Portfolio Manager: 2019
Eric Guevara is head of leveraged loan trading and a portfolio manager at Seix Investment Advisors, an investment management affiliate of Virtus Investment Partners.
Mr. Guevara joined Seix in 2000 as a trade flow administrator, serving as a junior trader in the Investment Grade Group from 2001 to 2006, before moving into his position in the High Yield Leveraged Loan Group. Prior to joining Seix, he worked at MetLife® Securities as an equity trade assistant.
Mr. Guevara earned a B.S. in computer operations from Seton Hall University. He has worked in the investment industry since 2000.
Provides discerning leveraged loan investors ongoing fundamental credit risk management and enhanced liquidity in a transparent and cost effective vehicle
Leveraged loans offer the potential for higher income and lower correlations to other fixed income asset classes, and though they may potentially provide protection in a rising interest rate environment, they have historically performed well in periods of stable interest rates
Higher Quality Loans
The Seix leveraged loan investment philosophy emphasizes BB- and B-rated loans, seeking to invest in the healthiest and most undervalued credits in the non-investment grade space
Positions & Distributions
Top Holdings (% Fund)
|DIRECTV FINANCING LLC 5.750 07/22/2027||
|TRAVELPORT FINANCE LUXEM 7.089 02/28/2025||
|APX GROUP INC 4.000 07/01/2028||
|WIN WASTE INNOVATIONS HO 3.250 03/25/2028||
|NUVEI TECHNOLOGIES 3.250 10/30/2025||
|WHOLE EARTH BRANDS INC 5.500 02/05/2028||
|QUIKRETE HOLDINGS INC 3.100 06/11/2028||
|XPERI HOLDING CORP 4.100 06/01/2025||
|CWGS GROUP LLC 3.250 06/03/2028||
|PATRICK INDUSTRIES INC 4.750 05/01/2029||
Does not include cash/cash equivalents.
Performance & Risk
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.
Sales Charge and Expenses
Fees & Expenses
|Total Expense Ratio||0.57|
Yields/Distribution Rate(as of 06/30/2021)
|30-day SEC Yield||2.67|
|Distribution Rate (as of 07/29/2021)||2.37|
|Ex-Date||Record Date||Payable Date||Dividend Income||ST Capital Gains||LT Capital Gains||Distribution Total|
|Number of Days Fund has Traded at a:|
|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%|
|2019-Q3: 7/1/2019 through 9/30/2019||0||0||0||0||19||44||1||0||0||0|
|2019-Q4: 10/1/2019 through 12/31/2019||0||0||0||1||17||46||0||0||0||0|
|2020-Q1: 1/2/2020 through 3/31/2020||3||1||1||4||11||35||4||0||3||0|
|2020-Q2: 4/1/2020 through 6/30/2020||2||0||2||20||22||11||1||3||0||2|
|2020-Q3: 7/1/2020 through 9/30/2020||0||0||0||2||54||8||0||0||0||0|
|2020-Q4: 10/1/2020 through 12/31/2020||0||0||0||0||38||26||0||0||0||0|
|2021-Q1: 1/4/2021 through 3/31/2021||0||0||0||0||26||35||0||0||0||0|
|2021-Q2: 4/1/2021 through 6/30/2021||0||0||0||0||51||12||0||0||0||0|
Documents & Resources
|Precision Exposure Across Non-Traditional Sources of Income|
|Senior Loan ETFs: The Strong Case for Active Management|
|Virtus ETF Ticker Menu|
|Hedging Inflation With Leveraged Loans and High Yield Bonds|
|Virtus Seix Senior Loan ETF (SEIX) Prospectus - November 2020|
|BLHY, SEIX Prospectus Supplement - November 2019|
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.
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.
30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change.
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.