Virtus Newfleet High Yield Bond ETF

Frequently Asked Questions About BLHY

What does BLHY invest in?

Under typical market conditions, this fund allocates a minimum of 80% of its net assets, alongside any borrowed funds for investment purposes, into a varied portfolio of high-yield bonds and other debt instruments. While its primary investment focus is on U.S. securities, the fund retains the flexibility to invest in international securities, including those from emerging markets—nations in the nascent stages of their economic development. To manage or enhance its exposure to different fixed income sectors and instruments, the fund may utilize credit default swaps.

What is the expense ratio of BLHY?

Virtus Newfleet High Yield Bond ETF (BLHY) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is BLHY's distribution yield?

BLHY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does BLHY's covered-call strategy work?

BLHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of BLHY?

Effective duration measures BLHY's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BLHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BLHY?

BLHY's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.