Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.7%
1 yr return
11.5%
3 Yr Avg Return
1.6%
5 Yr Avg Return
3.0%
Net Assets
$93.7 M
Holdings in Top 10
14.6%
Expense Ratio 0.81%
Front Load N/A
Deferred Load N/A
Turnover 107.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 bonds. In seeking to achieve the Fund’s investment objective, Newfleet Asset Management, LLC (“Newfleet”), a division of Virtus Fixed Income Advisers, LLC, the Fund’s sub-adviser, applies a multi-sector investment approach to credit research to capitalize on opportunities across undervalued areas of the bond markets. Newfleet seeks to provide diversification by allocating the Fund’s investments among various sectors of the fixed income markets, including, without limitation: corporate investment-grade; corporate high-yield; bank loans; agency and non-agency mortgage-backed securities (“MBS”), including commercial MBS and residential MBS; non-U.S. dollar securities; emerging market high-yield securities; Yankee investment-grade bonds; agency and non-agency asset-backed securities (“ABS”); taxable municipal bonds; tax-exempt municipal bonds; and securities issued or guaranteed as to principal and interest by the U.S. government, its agencies, authorities or instrumentalities.
The Fund’s fixed income investments may be issued by various types of issuers and may include some or all of the following:
•Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, including, without limitation, collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”) and other pass-through securities;
•Debt securities issued by foreign issuers, including foreign governments and their political subdivisions, and issuers located in emerging markets countries (i.e., those that are in the early stages of their economic development);
•Investment grade securities of U.S. and foreign issuers, including short-term securities; and,
•High yield debt instruments of U.S. and foreign issuers (commonly referred to a “junk bonds”), which may include bank loans (generally with floating rates).
The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933.
The Fund may invest in securities of U.S. or foreign issuers of any maturity or credit quality rating. In addition, the Fund has no target duration for its investment portfolio and the Fund’s portfolio managers may target shorter or longer durations in response to their view of the fixed income markets generally or any sector thereof. From time to time, Newfleet may use Treasury futures, either long or short, to adjust total portfolio duration. With respect to credit quality, the Fund may invest in investment grade or non-investment grade securities, without limitation. There is no limitation to the Fund’s holdings in below investment grade securities or foreign issuers (as measured by country of risk).
The Fund is an actively managed ETF and, thus, does not seek to replicate the performance of a specified index of securities. Instead, it uses an active investment strategy that seeks to meet its investment objective. In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.
Period | NFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -10.3% | 16.6% | 39.97% |
1 Yr | 11.5% | -4.5% | 27.2% | 20.22% |
3 Yr | 1.6%* | -17.2% | 16.2% | 39.72% |
5 Yr | 3.0%* | -14.5% | 14.0% | 30.51% |
10 Yr | N/A* | -7.2% | 6.7% | 9.03% |
* Annualized
Period | NFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -12.0% | 8.9% | 55.47% |
2022 | -13.1% | -31.8% | 18.4% | 49.13% |
2021 | -2.2% | -16.2% | 25.7% | 66.18% |
2020 | 3.9% | -31.1% | 18.7% | 25.93% |
2019 | 5.4% | -6.1% | 15.3% | 39.92% |
Period | NFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -10.3% | 16.6% | 39.97% |
1 Yr | 11.5% | -4.5% | 27.2% | 20.22% |
3 Yr | 1.6%* | -17.2% | 16.2% | 39.72% |
5 Yr | 3.0%* | -14.5% | 14.0% | 30.51% |
10 Yr | N/A* | -7.2% | 6.7% | N/A |
* Annualized
Period | NFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.2% | -6.9% | 22.2% | 33.13% |
2022 | -9.5% | -31.8% | 21.1% | 53.55% |
2021 | 1.2% | -13.5% | 49.9% | 64.38% |
2020 | 8.0% | -28.6% | 24.1% | 23.27% |
2019 | 10.0% | -4.8% | 19.1% | 36.85% |
NFLT | Category Low | Category High | NFLT % Rank | |
---|---|---|---|---|
Net Assets | 93.7 M | 2.53 M | 143 B | 84.92% |
Number of Holdings | 743 | 4 | 9195 | 34.84% |
Net Assets in Top 10 | 18.4 M | -204 M | 80.4 B | 91.45% |
Weighting of Top 10 | 14.64% | 5.8% | 265.8% | 80.72% |
Weighting | Return Low | Return High | NFLT % Rank | |
---|---|---|---|---|
Bonds | 89.24% | 0.00% | 199.60% | 52.57% |
Other | 9.30% | -73.61% | 147.15% | 32.04% |
Cash | 2.92% | -94.66% | 91.07% | 54.59% |
Convertible Bonds | 0.56% | 0.00% | 33.50% | 63.42% |
Stocks | 0.01% | -6.18% | 99.66% | 69.52% |
Preferred Stocks | 0.00% | 0.00% | 26.42% | 86.78% |
Weighting | Return Low | Return High | NFLT % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 84.33% |
Technology | 0.00% | 0.00% | 28.30% | 83.80% |
Real Estate | 0.00% | 0.00% | 100.00% | 85.21% |
Industrials | 0.00% | 0.00% | 100.00% | 87.50% |
Healthcare | 0.00% | 0.00% | 18.60% | 88.03% |
Financial Services | 0.00% | 0.00% | 100.00% | 89.44% |
Energy | 0.00% | 0.00% | 100.00% | 6.87% |
Communication Services | 0.00% | 0.00% | 100.00% | 87.50% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 83.10% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 86.80% |
Basic Materials | 0.00% | 0.00% | 100.00% | 87.68% |
Weighting | Return Low | Return High | NFLT % Rank | |
---|---|---|---|---|
US | 0.01% | -6.18% | 99.66% | 66.10% |
Non US | 0.00% | -0.26% | 17.73% | 82.89% |
Weighting | Return Low | Return High | NFLT % Rank | |
---|---|---|---|---|
Corporate | 51.31% | 0.00% | 96.66% | 31.30% |
Government | 20.50% | 0.00% | 99.43% | 28.73% |
Securitized | 13.52% | 0.00% | 99.65% | 60.67% |
Cash & Equivalents | 2.92% | 0.00% | 88.00% | 50.39% |
Municipal | 0.38% | 0.00% | 54.26% | 24.72% |
Derivative | 0.00% | -73.61% | 147.15% | 75.04% |
Weighting | Return Low | Return High | NFLT % Rank | |
---|---|---|---|---|
US | 89.24% | 0.00% | 199.60% | 34.84% |
Non US | 0.00% | 0.00% | 74.14% | 93.16% |
NFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.81% | 0.03% | 20.67% | 74.26% |
Management Fee | 0.45% | 0.00% | 2.29% | 17.90% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
NFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
NFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
NFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 107.00% | 0.00% | 632.00% | 66.92% |
NFLT | Category Low | Category High | NFLT % Rank | |
---|---|---|---|---|
Dividend Yield | 5.06% | 0.00% | 23.30% | 24.65% |
NFLT | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
NFLT | Category Low | Category High | NFLT % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.52% | -1.55% | 11.51% | 28.59% |
NFLT | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 21, 2024 | $0.096 | OrdinaryDividend |
Sep 20, 2024 | $0.108 | OrdinaryDividend |
Aug 20, 2024 | $0.108 | OrdinaryDividend |
Jul 22, 2024 | $0.110 | OrdinaryDividend |
Jun 20, 2024 | $0.113 | OrdinaryDividend |
Apr 22, 2024 | $0.116 | OrdinaryDividend |
Mar 20, 2024 | $0.089 | OrdinaryDividend |
Feb 21, 2024 | $0.109 | OrdinaryDividend |
Jan 22, 2024 | $0.083 | OrdinaryDividend |
Dec 20, 2023 | $0.147 | OrdinaryDividend |
Nov 20, 2023 | $0.151 | OrdinaryDividend |
Oct 20, 2023 | $0.114 | OrdinaryDividend |
Sep 20, 2023 | $0.111 | OrdinaryDividend |
Aug 21, 2023 | $0.113 | OrdinaryDividend |
Jul 20, 2023 | $0.108 | OrdinaryDividend |
Jun 20, 2023 | $0.098 | OrdinaryDividend |
May 22, 2023 | $0.106 | OrdinaryDividend |
Apr 20, 2023 | $0.109 | OrdinaryDividend |
Mar 20, 2023 | $0.093 | OrdinaryDividend |
Feb 21, 2023 | $0.121 | OrdinaryDividend |
Jan 20, 2023 | $0.079 | OrdinaryDividend |
Dec 20, 2022 | $0.118 | OrdinaryDividend |
Nov 21, 2022 | $0.083 | OrdinaryDividend |
Oct 20, 2022 | $0.088 | OrdinaryDividend |
Sep 20, 2022 | $0.072 | OrdinaryDividend |
Aug 22, 2022 | $0.070 | OrdinaryDividend |
Jul 20, 2022 | $0.072 | OrdinaryDividend |
Jun 21, 2022 | $0.081 | OrdinaryDividend |
May 20, 2022 | $0.072 | OrdinaryDividend |
Apr 20, 2022 | $0.069 | OrdinaryDividend |
Mar 21, 2022 | $0.062 | OrdinaryDividend |
Feb 22, 2022 | $0.078 | OrdinaryDividend |
Jan 20, 2022 | $0.044 | OrdinaryDividend |
Dec 20, 2021 | $0.093 | OrdinaryDividend |
Nov 22, 2021 | $0.075 | OrdinaryDividend |
Oct 20, 2021 | $0.077 | OrdinaryDividend |
Sep 20, 2021 | $0.070 | OrdinaryDividend |
Aug 20, 2021 | $0.069 | OrdinaryDividend |
Jul 20, 2021 | $0.069 | OrdinaryDividend |
Jun 21, 2021 | $0.075 | OrdinaryDividend |
May 20, 2021 | $0.072 | OrdinaryDividend |
Apr 20, 2021 | $0.063 | OrdinaryDividend |
Mar 22, 2021 | $0.069 | OrdinaryDividend |
Feb 22, 2021 | $0.078 | OrdinaryDividend |
Jan 20, 2021 | $0.045 | OrdinaryDividend |
Dec 21, 2020 | $0.113 | OrdinaryDividend |
Nov 20, 2020 | $0.043 | OrdinaryDividend |
Oct 20, 2020 | $0.003 | ReturnOfCapital |
Oct 20, 2020 | $0.067 | OrdinaryDividend |
Sep 21, 2020 | $0.004 | ReturnOfCapital |
Sep 21, 2020 | $0.089 | OrdinaryDividend |
Aug 20, 2020 | $0.003 | ReturnOfCapital |
Aug 20, 2020 | $0.078 | OrdinaryDividend |
Jul 20, 2020 | $0.003 | ReturnOfCapital |
Jul 20, 2020 | $0.072 | OrdinaryDividend |
Jun 22, 2020 | $0.003 | ReturnOfCapital |
Jun 22, 2020 | $0.079 | OrdinaryDividend |
May 20, 2020 | $0.003 | ReturnOfCapital |
May 20, 2020 | $0.072 | OrdinaryDividend |
Apr 20, 2020 | $0.003 | ReturnOfCapital |
Apr 20, 2020 | $0.073 | OrdinaryDividend |
Mar 20, 2020 | $0.003 | ReturnOfCapital |
Mar 20, 2020 | $0.079 | OrdinaryDividend |
Feb 20, 2020 | $0.003 | ReturnOfCapital |
Feb 20, 2020 | $0.082 | OrdinaryDividend |
Jan 21, 2020 | $0.002 | ReturnOfCapital |
Jan 21, 2020 | $0.054 | OrdinaryDividend |
Dec 20, 2019 | $0.116 | OrdinaryDividend |
Nov 20, 2019 | $0.052 | OrdinaryDividend |
Oct 21, 2019 | $0.069 | OrdinaryDividend |
Sep 20, 2019 | $0.075 | OrdinaryDividend |
Aug 20, 2019 | $0.078 | OrdinaryDividend |
Jul 22, 2019 | $0.075 | OrdinaryDividend |
Jun 20, 2019 | $0.090 | OrdinaryDividend |
May 20, 2019 | $0.154 | OrdinaryDividend |
Apr 22, 2019 | $0.089 | OrdinaryDividend |
Mar 20, 2019 | $0.085 | OrdinaryDividend |
Feb 20, 2019 | $0.094 | OrdinaryDividend |
Jan 22, 2019 | $0.054 | OrdinaryDividend |
Dec 20, 2018 | $0.093 | OrdinaryDividend |
Nov 20, 2018 | $0.118 | OrdinaryDividend |
Oct 22, 2018 | $0.098 | OrdinaryDividend |
Sep 20, 2018 | $0.092 | OrdinaryDividend |
Aug 21, 2018 | $0.096 | OrdinaryDividend |
Jul 20, 2018 | $0.099 | OrdinaryDividend |
Jun 20, 2018 | $0.092 | OrdinaryDividend |
May 22, 2018 | $0.102 | OrdinaryDividend |
Apr 20, 2018 | $0.103 | OrdinaryDividend |
Mar 20, 2018 | $0.085 | OrdinaryDividend |
Feb 21, 2018 | $0.083 | OrdinaryDividend |
Jan 22, 2018 | $0.066 | OrdinaryDividend |
Dec 20, 2017 | $0.157 | CapitalGainShortTerm |
Dec 20, 2017 | $0.291 | CapitalGainLongTerm |
Dec 20, 2017 | $0.131 | OrdinaryDividend |
Nov 20, 2017 | $0.101 | OrdinaryDividend |
Oct 20, 2017 | $0.093 | OrdinaryDividend |
Sep 20, 2017 | $0.093 | OrdinaryDividend |
Aug 21, 2017 | $0.099 | OrdinaryDividend |
Jul 20, 2017 | $0.096 | OrdinaryDividend |
Jun 20, 2017 | $0.096 | OrdinaryDividend |
May 22, 2017 | $0.094 | OrdinaryDividend |
Apr 20, 2017 | $0.101 | OrdinaryDividend |
Mar 20, 2017 | $0.075 | OrdinaryDividend |
Feb 22, 2017 | $0.093 | OrdinaryDividend |
Jan 20, 2017 | $0.050 | OrdinaryDividend |
Dec 20, 2016 | $0.310 | CapitalGainShortTerm |
Dec 20, 2016 | $0.024 | CapitalGainLongTerm |
Dec 20, 2016 | $0.109 | OrdinaryDividend |
Nov 21, 2016 | $0.097 | OrdinaryDividend |
Oct 20, 2016 | $0.094 | OrdinaryDividend |
Sep 20, 2016 | $0.087 | OrdinaryDividend |
Aug 22, 2016 | $0.100 | OrdinaryDividend |
Jul 20, 2016 | $0.099 | OrdinaryDividend |
Jun 20, 2016 | $0.084 | OrdinaryDividend |
May 20, 2016 | $0.085 | OrdinaryDividend |
Apr 20, 2016 | $0.077 | OrdinaryDividend |
Mar 21, 2016 | $0.060 | OrdinaryDividend |
Feb 22, 2016 | $0.070 | OrdinaryDividend |
Jan 20, 2016 | $0.040 | OrdinaryDividend |
Dec 21, 2015 | $0.083 | OrdinaryDividend |
Nov 20, 2015 | $0.053 | OrdinaryDividend |
Oct 20, 2015 | $0.025 | OrdinaryDividend |
Sep 21, 2015 | $0.006 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 10, 2015
6.81
6.8%
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.
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.71 | 3.19 |
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