Virtus Newfleet Multi-Sector Bond ETF
NFLT
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Financial Plaza Hartford CT United States of America 6103
- IPO Date
- Aug 11, 2015
- CIK
- 0001559109
- Website
- virtus.com
- Similar Companies
- Business
- Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an actively managed exchange-traded fund that seeks a high level of current income and, secondarily, capital appreciation through opportunistic investments across 14 major fixed income sectors; these include investment grade and high yield corporates, bank loans, emerging markets sovereign and corporate debt (including local currency), asset-backed securities, agency and non-agency mortgage-backed securities (residential and commercial), U.S. Treasuries, municipals (tax-exempt and taxable), and developed ex-U.S. bonds such as sovereigns, Yankees, and non-U.S. dollar denominated securities in both developed and emerging markets. The fund employs a relative value-focused approach with active sector rotation, individual security selection, and disciplined risk management, unconstrained by target duration, credit ratings, or geography, allowing flexibility to pursue the highest risk/reward opportunities including below-investment-grade and non-U.S. debt. Launched on August 10, 2015, and sponsored by Virtus Investment Partners, Inc. (headquartered in Hartford, Connecticut, with Newfleet Asset Management—a division of Virtus Fixed Income Advisers, LLC—serving as sub-adviser), NFLT targets institutional and retail investors seeking diversified fixed income exposure amid complex market conditions. As the oldest actively managed multi-sector bond ETF, NFLT maintains assets under management of approximately $342 million, with a net expense ratio of 0.50% (through February 28, 2026), effective duration of around 4 years, and a portfolio featuring top holdings like U.S. Treasury Notes/Bonds and agency mortgage pools from Freddie Mac and Fannie Mae. Geographically, the fund allocates across U.S. bonds (about 73%), non-U.S. bonds (24%), and cash (2%), spanning domestic, developed international, and emerging markets. Newfleet's multi-sector expertise, in place for over 30 years, supports consistent performance, with NFLT outperforming multisector bond peers on a risk-adjusted basis since inception. Recent developments include Virtus Investment Partners' strategic minority interest investment in Crescent Cove Advisors, LP on December 16, 2025, expanding its multi-boutique platform amid ongoing growth in AUM to $174 billion enterprise-wide as of early 2024; additionally, a related Virtus Newfleet ETF (ABS/MBS) underwent a name change to Virtus Newfleet Securitized Income ETF effective November 28, 2025. The fund continues to emphasize liquidity, quality orientation, and tactical adjustments in response to evolving bond market dynamics, such as post-rate decline environments and central bank influences. No major acquisitions, funding rounds, or product launches directly impacted NFLT in the last 1-2 years, though Virtus ETF Solutions has broadened its actively managed fixed income offerings.