AdvisorShares Newfleet Multi-Sector Income ETF
MINC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Mar 20, 2013
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) is an actively managed exchange-traded fund that seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value due to changes in interest rates. The fund primarily invests in investment grade fixed income securities rated BBB- and above by S&P, including those issued by corporations and banks; non-agency commercial mortgage-backed securities; agency and non-agency residential mortgage-backed securities; asset-backed securities; municipalities; and securities issued or guaranteed by the U.S. government, its agencies, authorities, or instrumentalities, with an average duration between one and three years. It employs a fundamental analysis approach combining top-down and bottom-up security selection, benchmarking performance against the Bloomberg U.S. Aggregate Bond Index and the BofA Merrill Lynch 1-5 Year U.S. Corporate & Government Bond Index. Launched on March 19, 2013, and domiciled in the United States, MINC operated within the global fixed income markets, targeting short-duration, multi-sector strategies managed initially by AdvisorShares Investments, LLC, with sub-advisory from Virtus Fixed Income Advisers, LLC (Newfleet Asset Management, a subsidiary of Virtus Investment Partners). The fund focused on institutional and individual investors seeking income from diversified, investment-grade bond exposures across corporate, sovereign, municipal, and mortgage-backed sectors. In a significant operational change, the Board of Trustees of AdvisorShares Trust approved the liquidation of MINC at the recommendation of AdvisorShares Investments, LLC, with trading ceasing on September 22, 2023, and final liquidation distributions to shareholders occurring on or about September 29, 2023. This closure followed standard procedures for underperforming or low-asset funds, during which the fund deviated from its investment objective to wind down holdings into cash, with proceeds reflecting net asset value after costs and treated as a taxable event for remaining shareholders. No recent partnerships, acquisitions, or new product launches were associated with MINC prior to its termination.