Virtus Newfleet Short Dur Cor Pls Bd ETF's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral. The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.  

 The strategy’s management team earns an Average People Pillar rating. The fund's assessment results in an Average Process Pillar rating. The strategy's parent organization earns the firm an Average Parent Pillar rating. People Pillar and Parent Pillar ratings for this strategy are indirectly assigned by a Morningstar analyst rather than algorithmically derived. Please see the notes following each pillar section for more details. The details of assigning methods can be found in each pillar section.

Analyst Rating

Morningstar's evaluation of this fund's process seeks to understand management's investment philosophy, and whether it has been applied consistently over time and can add value across the market cycle. Virtus Newfleet Short Dur Cor Pls Bd ETF earns an Average Process Pillar rating.    The predominant contributor to the rating is the parent firm's five-year risk-adjusted success ratio of 53%. The measure indicates the percentage of a firm's funds that survived and beat their respective category's median Morningstar Risk-Adjusted Return for the period. Management team experience, which averages 25 years at this fund, also bolsters the process. Lastly, the process is limited by the parent firm's five-year retention rate of 64%, which suggests it could do more to hold onto its portfolio managers.

 The investment strategy as stated in the fund's prospectus is as follows: 


The investment seeks to provide a high level of total return, including current income, while limiting fluctuations in net asset value.  The fund’s sub-adviser, seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in investment grade, more liquid fixed income securities of U.S. issuers. Under normal circumstances, and the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed income debt obligations.

Average

Process

Virtus Newfleet Short Dur Cor Pls Bd ETF earns an Average People Pillar rating. David L. Albrycht’s veteran status, with over 25 years of listed portfolio management experience, brings a wealth of experience to the table. The average Morningstar Rating of the strategies they currently manage is 3.1 stars, reflecting average risk-adjusted performance relative to category peers. Although the team is small, it is a solid supporting cast. Together, the three listed managers boast more than an average of over 25 years of listed portfolio management experience. As a team, they manage two investment vehicles together, with a Neutral asset-weighted average Morningstar Medalist Rating, indicating the team will struggle to deliver positive alpha in aggregate. None of the portfolio managers here invest in this fund. This hurts the rating because manager investment would align their interests with the strategy's investors.

 Note: The People Pillar rating is indirectly assigned by an analyst. The longest-tenured manager of the fund also manages a different product rated by an analyst. Their analyst-assigned People Pillar rating is combined here with the People scores (algorithmic or analyst-assigned) for the fund’s other managers on a tenure-weighted basis.

People

As Virtus Investment Partners evolves its investment affiliate roster and fund lineup, it retains an Average Parent rating.
The publicly traded firm uses a multimanager approach. It fully owns all but one of its 14 affiliated asset managers and also uses subadvisors. Since 2020, it purchased six affiliates, expanding its alternative offerings through its 2021 Westchester Capital Management acquisition and its 2023 purchase of AlphaSimplex. In 2022, Virtus combined its three fixed-income affiliates—Newfleet, Stone Harbor, and Seix—into one legal entity, Virtus Fixed Income Affiliates, though each affiliate maintains its brand and continues to manage money independently.
Virtus has also made some changes to its investment lineup. Voya became a meaningful subadvisor for Virtus, after Voya bought the US business from Allianz Global Investors, which was banned by the SEC from running registered funds in the US for 10 years. Virtus maintained some of the portfolio management teams that moved to Voya but hired affiliates for most of the 17 mandates that AGI ran. More recently, Virtus announced in November 2023 it was moving on from longtime subadvisor Vontobel in favor of affiliate Sustainable Growth Advisors.
Virtus offers distribution and back-office strength, while allowing affiliates investment autonomy. Some managers are strong, such as equity specialist Kayne Anderson Rudnick.

Parent

Virtus Newfleet Short Duration Core Plus Bond ETF

SDCP is an actively managed fund that offers exposure to a diverse range of fixed-income securities from around the world. The portfolio comprises debt securities of varying credit qualities and targets an overall short duration, typically ranging from 1 to 3 years.

Virtus Investment Partners has transferred the Virtus Terranova U.S. Quality Momentum ETF (NYSE Arca: JOET) from the Nasdaq to the New York Stock Exchange. JOET strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends.

Virtus Transfers JOET ETF to NYSE

Virtus Investment Partners

NEW YORK--(BUSINESS WIRE)--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.

Virtus Introduces the Virtus Newfleet Short Duration Core Plus Bond ETF

The Virtus Newfleet Short Duration Core Plus Bond ETF (NYSE Arca: SDCP) launched today on the New York Stock Exchange. The actively managed ETF invests primarily in investment-grade, short-duration debt securities from multiple bond sectors.

News for Virtus Newfleet Short Duration Core Plus Bond ETF ETF (SDCP)