ETF Evaluator:
Virtus Newfleet Securitized Income ETF ()
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(as of Aug 25)
Best Performing in Securitized Bond - Diversified Over the Last Year
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ETF Details
Virtus Newfleet Securitized Income ETF Overview
Virtus Newfleet Securitized Income ETF (VABS) is an actively managed Taxable Bond Securitized Bond - Diversified exchange-traded fund (ETF). Virtus launched the ETF in 2021.
The investment seeks income.
The fund's sub-adviser, seeks to achieve its investment objective by investing in asset-backed securities ("ABS") and mortgage-backed securities ("MBS"), including commercial MBS and residential MBS. 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 investment grade tranches of ABS and MBS, and in derivatives and other instruments that have economic characteristics similar to such investments.
About Virtus Newfleet Securitized Income ETF (VABS)
There are 4 members of the management team with an average tenure of 5.47 years: Nick Rinaldi (2021), Zachary Szyndlar (2021), David Albrycht (2021) and Andrew Szabo (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 1-3Y A-BBB US Corp TR USD index with a weighting of 100%. Virtus Newfleet Securitized Income ETF has 162 securities in its portfolio. The top 10 holdings constitute 17.8% 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 Securitized Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Virtus Newfleet Securitized Income ETF has 0.7% 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 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (99.3% domestic bond, 0.7% foreign bond and 0.0% convertible bond). Virtus Newfleet Securitized Income ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $112 million in total assets, which is below the $912 million average for the Securitized Bond - Diversified 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.
VABS 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 Securitized Income ETF expense ratio is below average compared to funds in the Securitized Bond - Diversified category. Virtus Newfleet Securitized Income ETF has an expense ratio of 0.39%, which is 6% 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 Securitized Income ETF has a portfolio turnover rate of 70%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 154% for the Securitized Bond - Diversified category.
Recently, in the month of July 2026, Virtus Newfleet Securitized Income ETF returned 0.2%, which earned it a grade of A, as the Securitized Bond - Diversified category had an average return of -0.4%. 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 Securitized Income ETF has a trailing yield of 5.04%, which is below the 5.35% category average.
The fund normally distributes its income monthly.
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 Securitized Income ETF Grades
Year to date, the ETF has returned 2.0%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 3.7% over the past year (grade of F), 6.1% over the past three years (grade of B) and 3.3% per year over the past five years (grade of A).
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VABS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VABS Return (NAV) | 0.2% | 0.8% | 3.7% | 6.1% | 3.3% | na |
| VABS Return (Price) | 0.2% | 0.9% | 3.7% | 6.1% | 3.3% | na |
| NAV +/- Price Return | -0.006% | -0.103% | -0.018% | -0.037% | 0.008% | na |
| Securitized Bond - Diversified Avg | -0.4% | 0.2% | 4.5% | 5.8% | 1.6% | 2.7% |
| VABS Grade (NAV) | A | B | F | B | A | na |
| +/- Category (NAV) | 0.6% | 0.6% | -0.8% | 0.3% | 1.7% | na |
| VABS Tax-Cost Ratio | na | na | 2.0% | 2.0% | 1.6% | na |
VABS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VABS Return (NAV) | 2.0% | 5.5% | 7.4% | 7.7% | -5.2% | na | na | na | na | na | na |
| VABS Return (Price) | 2.0% | 5.4% | 7.6% | 7.6% | -5.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.042% | -0.019% | 0.022% | -0.010% | 0.008% | na | na | na | na | na | na |
| Securitized Bond - Diversified Avg | 1.1% | 7.6% | 5.1% | 6.6% | -10.6% | 1.3% | 2.9% | 5.9% | 1.6% | 3.7% | 3.0% |
| VABS Grade (NAV) | A | F | A | B | A | na | na | na | na | na | na |
| +/- Category | 0.9% | -2.1% | 2.3% | 1.0% | 5.4% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.20 |
| R-Squared: | 54% |
| Standard Deviation: | 1.6% |
| Category Risk Index: | 0.34 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.13 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.0% |
| Total Assets: | $ 112 Mil |
| Share Class Assets: | $ 112 Mil |
| Turnover: | 70.0% |
| Expense Ratio: | 0.39% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.5 years | |||
| Average Tenure: 5.5 years | |||
| Managers (Year): Rinaldi Nick (2021), Szyndlar Zachary (2021), Albrycht David (2021), Szabo Andrew (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 162 |
| % in Top 10 Holdings: | 17.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.3% |
| Foreign Bond: | 0.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Virtus |
| Phone Number: | 888-383-0553 |
| Website: | http://www.newfleet.com/ |
| Inception Date: | February 9, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
