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Virtus Newfleet Dynamic Credit ETF

etf
BLHY
Dividend policy
Decrease
Price as of:
$23.94 +0.07 +0%
primary theme
Bond Sector Diversified
BLHY (ETF)

Virtus Newfleet Dynamic Credit ETF

Dividend policy
Decrease
Price as of:
$23.94 +0.07 +0%
primary theme
Bond Sector Diversified
BLHY (ETF)
Virtus Newfleet Dynamic Credit ETF
Dividend policy
Decrease
Price as of:
$23.94 +0.07 +0%
primary theme
Bond Sector Diversified

BLHY - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $5.92 M
  • Holdings in Top 10 32.6%

52 WEEK LOW AND HIGH

$23.88
$20.57
$24.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.43%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 124.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Bond Sector Diversified
  • Fund Type Exchange Traded Fund
  • Investment Style Multisector Bond

Compare BLHY to Popular Bond Sector Diversified Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$11.96

+0.17%

$125.30 B

5.19%

$0.62

blocked
blocked
blocked

-0.66%

-

$10.27

+0.20%

$32.69 B

2.75%

$0.28

blocked
blocked
blocked

3.01%

-

$8.27

+0.24%

$18.52 B

3.79%

$0.31

blocked
blocked
blocked

1.72%

-

$9.79

-0.10%

$16.74 B

5.23%

$0.51

blocked
blocked
blocked

-8.68%

-

$12.67

+0.32%

$14.90 B

2.10%

$0.26

blocked
blocked
blocked

3.18%

-

Compare BLHY to Popular Bond Sector Diversified ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$21.86

+0.05%

$536.06 M

2.65%

$0.58

blocked
blocked
blocked

5.19%

-

$26.52

-0.04%

$221.33 M

3.19%

$0.85

blocked
blocked
blocked

2.51%

-

$21.45

-0.09%

$126.10 M

5.42%

$1.16

blocked
blocked
blocked

-6.95%

-

$25.50

+0.08%

$114.78 M

2.70%

$0.69

blocked
blocked
blocked

8.43%

-

$47.03

+0.11%

$93.85 M

2.38%

$1.12

blocked
blocked
blocked

-2.06%

-

BLHY - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.85%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Virtus Newfleet Dynamic Credit ETF
  • Fund Family Name
    Virtus
  • Inception Date
    Dec 05, 2016
  • Shares Outstanding
    254000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Francesco Ossino

Fund Description

Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in credit investments, and in derivatives and other instruments that have economic characteristics similar to such investments. Credit investments include corporate and sovereign bonds, including U.S. Treasury securities; loans (including, without limitation, through loan participations and assignments); and securitized instruments.


BLHY - Performance

Return Ranking - Trailing

Period BLHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -39.7% 308.6% 57.94%
1 Yr 2.0% -30.8% 18.8% 57.12%
3 Yr 2.4%* -12.3% 7.8% 62.06%
5 Yr N/A* -15.6% 10.7% N/A
10 Yr N/A* -1.7% 11.6% N/A

* Annualized

Return Ranking - Calendar

Period BLHY Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -35.1% 15.3% 60.56%
2018 -7.1% -48.0% 3.1% 78.81%
2017 -0.8% -14.8% 11.2% 90.73%
2016 N/A -11.2% 10.7% N/A
2015 N/A -51.1% 4.8% N/A

Total Return Ranking - Trailing

Period BLHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -39.7% 308.6% 58.51%
1 Yr 2.0% -33.3% 18.8% 46.85%
3 Yr 2.4%* -14.0% 7.8% 54.92%
5 Yr N/A* -16.6% 10.7% N/A
10 Yr N/A* -1.7% 11.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BLHY Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -35.1% 15.3% 62.89%
2018 -7.1% -48.0% 8.0% 84.75%
2017 -0.8% -14.8% 15.2% 94.18%
2016 N/A -11.2% 17.7% N/A
2015 N/A -51.1% 5.4% N/A

BLHY - Holdings

Concentration Analysis

BLHY Category Low Category High BLHY % Rank
Net Assets 5.92 M 1.11 M 125 B 98.05%
Number of Holdings 154 3 7722 76.74%
Net Assets in Top 10 1.94 M -3.27 B 29.7 B 88.72%
Weighting of Top 10 32.58% 4.9% 100.0% 39.94%

Top 10 Holdings

  1. United States Treasury Bills 0% 20.09%
  2. United States Treasury Notes 0.38% 18.85%
  3. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  4. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  5. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  6. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  7. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  8. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  9. Greatbatch Ltd. 10/27/22 Term Loan 2.27%
  10. Greatbatch Ltd. 10/27/22 Term Loan 2.27%

Asset Allocation

Weighting Return Low Return High BLHY % Rank
Bonds
97.64% -262.75% 322.42% 15.79%
Cash
2.15% -229.11% 362.75% 73.82%
Stocks
0.21% -65.68% 166.80% 36.57%
Preferred Stocks
0.00% 0.00% 28.10% 65.74%
Other
0.00% -25.82% 100.67% 53.76%
Convertible Bonds
0.00% 0.00% 160.39% 85.38%

Stock Sector Breakdown

Weighting Return Low Return High BLHY % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 82.26% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 94.80% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 31.61% N/A

Stock Geographic Breakdown

Weighting Return Low Return High BLHY % Rank
US
0.21% -62.15% 166.80% 34.12%
Non US
0.00% -3.53% 3.13% 47.21%

Bond Sector Breakdown

Weighting Return Low Return High BLHY % Rank
Corporate
77.71% 0.00% 99.15% 11.28%
Government
20.14% 0.00% 98.23% 32.31%
Cash & Equivalents
2.15% 0.00% 100.00% 90.39%
Derivative
0.00% 0.00% 68.37% 67.13%
Securitized
0.00% 0.00% 98.91% 94.15%
Municipal
0.00% 0.00% 41.64% 56.41%

Bond Geographic Breakdown

Weighting Return Low Return High BLHY % Rank
US
92.65% -262.75% 231.38% 12.12%
Non US
4.99% -91.99% 135.29% 86.77%

BLHY - Expenses

Operational Fees

BLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.43% 0.01% 24.26% 12.75%
Management Fee 0.55% 0.00% 2.25% 33.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

BLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 124.00% 0.00% 493.00% 72.33%

BLHY - Distributions

Dividend Yield Analysis

BLHY Category Low Category High BLHY % Rank
Dividend Yield 3.37% 0.00% 6.12% 1.46%

Dividend Distribution Analysis

BLHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BLHY Category Low Category High BLHY % Rank
Net Income Ratio 3.85% -1.55% 18.14% 37.18%

Capital Gain Distribution Analysis

BLHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

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BLHY - Fund Manager Analysis

Managers

Francesco Ossino


Start Date

Tenure

Tenure Rank

Dec 05, 2016

3.91

3.9%

Mr. Ossino is a senior managing director, senior portfolio manager, and sector head of the bank loan asset class at Newfleet. Before joining Newfleet in 2012, Mr. Ossino worked at Hartford Investment Management as a bank loan portfolio manager from 2004 to 2012, primarily focused on mutual fund portfolios and a commingled bank loan portfolio for institutional investors. He began his investment career in 1996. He received a BS in economics from Brandeis University and an MS in international economics and finance from Brandeis University and Luigi Bocconi University in Italy.

David Albrycht


Start Date

Tenure

Tenure Rank

Dec 05, 2016

3.91

3.9%

Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Eric Hess


Start Date

Tenure

Tenure Rank

Aug 30, 2019

1.17

1.2%

Mr. Hess is managing director and credit research analyst at Newfleet, responsible for the telecommunications, media, oil services, and utility industry sectors. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin (2010 to 2011). Eric Hess, CFA. Mr. Hess is a Managing Director and Credit Analyst at Newfleet and Sector Head of High Yield Credit. He is also responsible for the oil and gas, power, and utility industries. In addition, Mr. Hess is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin Capital Advisers. He joined Goodwin Capital's corporate credit research group in 2010. Previous to joining Goodwin, he was a credit analyst for The Travelers Companies.

William Eastwood


Start Date

Tenure

Tenure Rank

Aug 30, 2019

1.17

1.2%

William Eastwood is a senior managing director, portfolio manager and head of trading at Newfleet Asset Management with trading responsibilities primarily for leveraged finance. In addition, Mr. Eastwood is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. Mr. Eastwood joined Newfleet in 2011 as a senior fixed income trader. Prior to joining Newfleet, he served as a senior fixed income trader at several firms, including Neuberger Berman, PPM America, and Phoenix Investment Counsel. Mr. Eastwood earned a B.S. in finance from Post University and an M.B.A. from the University of Hartford. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1995.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 29.48 5.39 1.84