Virtus Newfleet High Yield Bond ETF

Frequently Asked Questions About BLHY

What does BLHY invest in?

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 a diversified portfolio of high yield bonds and other debt securities. It invests primarily in U.S. securities but may invest in foreign securities including those in emerging markets (i.e., those that are in the early stages of their economic development). The fund may use credit default swaps to increase or hedge (decrease) investment exposure to various fixed income sectors and instruments.

What is the expense ratio of BLHY?

Virtus Newfleet High Yield Bond ETF (BLHY) charges an expense ratio of 0.40%. 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 6.47%, 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.

How big is BLHY?

Virtus Newfleet High Yield Bond ETF (BLHY) manages $3.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BLHY actively managed or an index fund?

BLHY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.