Virtus Introduces the Virtus Newfleet Short Duration Core Plus Bond ETF
November 16 2023 - 4:39PM
Business Wire
SDCP leverages Newfleet’s expertise in
multi-sector fixed income investing
Virtus Investment Partners, Inc. (NASDAQ: VRTS) has expanded its
exchange-traded funds offerings with the introduction of Virtus
Newfleet Short Duration Core Plus Bond ETF (NYSE: SDCP), the fourth
Virtus ETF Solutions strategy managed by Newfleet Asset
Management.
The Virtus Newfleet Short Duration Core Plus Bond ETF utilizes
Newfleet’s disciplined, time-tested investment process and rigorous
risk management approach to invest in opportunities across
undervalued areas of the fixed income markets. SDCP seeks current
income consistent with preservation of capital, while limiting
fluctuations in net asset value due to changes in interest rates by
investing primarily in investment grade, short-duration debt
securities from multiple bond sectors.
“We believe that this actively managed short duration ETF,
managed through our relative value lens, can provide a high level
of total return and be a good fit in a well-diversified fixed
income portfolio,” said Newfleet President and Chief Investment
Officer David L. Albrycht, CFA, who manages SDCP with Benjamin
Caron, CFA, senior managing director and portfolio manager, and
Lisa Baribault, director and portfolio manager. “Our active
multi-sector investment approach has been in place for more than
three decades and we are excited to expand our multi-sector
strategy footprint in an ETF structure.”
Virtus’ multi-manager ETF platform, Virtus ETF Solutions, offers
three other actively managed fixed income ETFs from Newfleet:
Virtus Newfleet Multi-Sector Bond ETF (NYSE: NFLT), Virtus Newfleet
ABS/MBS ETF (NYSE: VABS), and Virtus Newfleet Dynamic Credit ETF
(NYSE: BLHY).
“Newfleet has been redefining core fixed income portfolios for
more than a decade,” said William Smalley, executive managing
director of Virtus ETF Solutions. “SDCP is a building block which
combines Newfleet’s relative value approach with the efficiencies
of the ETF wrapper, allowing investors to build responsive and
adaptive portfolios for today’s fixed income markets.”
About Newfleet Asset Management
Newfleet Asset Management, which managed $14.0 billion as of
September 30, 2023, provides comprehensive fixed income portfolio
management, including multi-sector, enhanced core, and core
strategies, in addition to dedicated sector strategies such as
emerging markets debt, bank loans and high yield. 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
portfolio construction.
About Virtus ETF Solutions
Virtus ETF Solutions is a multi-manager ETF sponsor that offers
actively managed and index-based investment capabilities across
multiple asset classes, seeking to deliver a family of
complementary ETFs that provide investors access to differentiated
investment capabilities from select subadvisers.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors. We
provide investment management products and services from our
affiliated managers, each with a distinct investment style and
autonomous investment process, as well as select subadvisers.
Investment solutions are available across multiple disciplines and
product types to meet a wide array of investor needs. Additional
information about our firm, investment partners, and strategies is
available at virtus.com.
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. 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. ABS/MBS: Changes in interest rates can
cause both extension and prepayment risks for asset- and
mortgage-backed securities. These securities are also subject to
risks associated with the non-repayment of underlying collateral,
including losses to the portfolio. 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. 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.
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
1-800-243-4361 or visit www.virtus.com for a copy of the fund's
prospectus. Read the prospectus carefully before you invest or send
money.
Distributed by VP Distributors, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20231116797780/en/
Media Relations Contacts Ryan Graham (862) 777-4274
rgraham@jconnelly.com
Joe Fazzino (860) 263-4725 joe.fazzino@virtus.com
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