The Virtus Newfleet Multi-Sector Unconstrained Bond ETF (Ticker: NFLT) seeks to provide a high level of current income and, secondarily, capital appreciation. Newfleet Asset Managements cornerstone philosophy emphasizes choosing the right pockets of the global bond market at the right times. Newfleet believes the most effective way to achieve long-term excess returns is through the combination of active sector rotation and disciplined risk management. NFLT is a logical extension of Newfleets proven multi-sector approach. While NFLT embraces the virtues of diversification, the lack of formal sector, industry, or country limitations means that the team can express its highest conviction ideas. Unlike many unconstrained funds, however, NFLT does not invest in equities, which can be highly volatile and out-of-sync with bond investors expectations. Because the Fund is benchmark agnostic, Newfleet is not compelled to take risks embedded in the benchmark, such as unwanted exposure to interest rate sensitive sectors or overvalued credits.