Key stats
About Virtus Newfleet ABS/MBS ETF
Expense ratio
0.39%
Home page
Inception date
Feb 9, 2021
VABS is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. The Sub-Advisers selection process utilizes a relative value, sector rotation approach, which targets the ABS and MBS sectors of the fixed income market. The adviser then identifies appropriate securities within these two sectors by reviewing the underlying asset of the potential investment, assessing the loan originator and management team of the issuer, and analyzing the deal structure and cash flow priorities. Pre-issuance pricing discussions are also analyzed for newly issued ABS and MBS. Ultimately, this strategy aims to offer relatively high income based on the Sub-Advisers risk-reward analysis. The fund mainly invests in investment grade tranches of ABS and MBS, with no limitation regarding maturity. Derivatives may also be used as a hedging tool.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized90.55%
Corporate4.32%
Cash2.92%
Miscellaneous2.21%