ETF Evaluator: Virtus Newfleet Multi-Sect Bd ETF () Follow This ETF

Virtus Newfleet Multi-Sect Bd ETF Overview

Virtus Newfleet Multi-Sect Bd ETF (NFLT) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). Virtus launched the ETF in 2015.

The investment seeks to provide a high level of current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. The Sub-Adviser seeks to select securities using a sector rotation approach and seeks to adjust the proportion of fund investments in various sectors and sub-sectors in an effort to obtain higher relative returns.

About Virtus Newfleet Multi-Sect Bd ETF (NFLT)

There are 2 members of the management team with an average tenure of 8.95 years: Benjamin Caron (2019) and David Albrycht (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Virtus Newfleet Multi-Sect Bd ETF has 1093 securities in its portfolio. The top 10 holdings constitute 9.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Virtus Newfleet Multi-Sect Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Virtus Newfleet Multi-Sect Bd ETF has 24.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.8% (69.4% domestic bond, 24.4% foreign bond and 1.8% convertible bond). Virtus Newfleet Multi-Sect Bd ETF has 3.6% of the portfolio in cash.

Assets Under Management

The fund has $454 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NFLT Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Newfleet Multi-Sect Bd ETF expense ratio is average compared to funds in the Multisector Bond category. Virtus Newfleet Multi-Sect Bd ETF has an expense ratio of 0.50%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Newfleet Multi-Sect Bd ETF has a portfolio turnover rate of 92%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.

Recently, in the month of July 2026, Virtus Newfleet Multi-Sect Bd ETF returned -0.8%, which earned it a grade of D, as the Multisector Bond category had an average return of -0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Virtus Newfleet Multi-Sect Bd ETF has a trailing yield of 5.50%, which is below the 5.63% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Virtus Newfleet Multi-Sect Bd ETF Grades

Year to date, the ETF has returned 1.3%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 5.1% over the past year (grade of B), 6.8% over the past three years (grade of B) and 2.9% per year over the past five years (grade of B) and 3.7% per year over the past 10 years (grade of B).

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