CUMB

Virtus Cumberland Municipal Bond ETF
F

N/A
*Unless otherwise stated, data provided by FactSet.

CUMB Fund Description

CUMB is an actively managed municipal bond fund that primarily uses a barbell strategy to obtain exposure to investment-grade, federal-income-tax-exempted securities.

CUMB Factset Analytics Insight

CUMB charges a relatively high fee for its actively managed barbell muni strategy. Unlike a market allocation, a barbell strategy overweights short-term and long-term securities while underweighting intermediate-term securities. In a rising interest-rate environment, the cash flows—coupons and principals—from short-term securities can be reinvested into long-maturity securities at lower prices. The strategy tends to perform well when short-term interest rates rise, combined with a flattening of the curve. However, the strategy also forgoes some capital appreciation as a result of the roll down effect from underweighting the intermediate part of the curve. CUMB—and its barbell strategy—is a potential fit for investors looking for federal-income-tax-exempted current income in a rising interest-rate environment. The municipal bond market is generally less liquid; institutions should reach out to market makers for assistance on block trades.

CUMB CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 01/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CUMB 0.71% 2.89% -0.06% 1.07% -- -- --
CUMB (NAV) 0.78% 2.60% 0.25% 0.93% -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CUMB Top 10 Countries [View All]

CUMB Top 10 Sectors

CUMB Top 10 Holdings [View All]

CUMB Summary Data

Virtus
01/17/17
Open-Ended Fund
0.59%
$11.21M
$47.12K
1.17%

CUMB Portfolio Data

7.25
19.37 years
3.47%
N/A
76

CUMB Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Municipal Bond

CUMB Portfolio Management

0.59%
--
--
--

CUMB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

CUMB Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

CUMB Factset Analytics Block Liquidity

As of 01/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of CUMB. CUMB is rated a N/A out of 5.

CUMB Tradability

1,643
$47.12K
1,533
$42.70K
1.17%
$0.29
-0.45%
0.40% / -1.46%
None
100.00%
50,000
0.03
0.04%
--
--
$24.91
N/A

CUMB Sector/Industry Breakdown


CUMB
Segment Benchmark
74.47%
70.63%
15.50%
27.20%
5.20%
0.00%
4.83%
2.14%
0.00%
0.03%

CUMB Top 10 Holdings[View All]

2.49%
2.34%
2.24%
2.16%
2.04%
2.00%
1.99%
1.97%
1.96%
1.92%
21.11%

CUMB Top 5 Countries


CUMB
Segment Benchmark
9.88%
15.61%
8.30%
4.06%
7.22%
17.27%
5.78%
4.55%
5.57%
9.31%

CUMB Top 5 Currencies


CUMB
Segment Benchmark
100.00%
100.00%

CUMB Economic Development


CUMB
Segment Benchmark
96.81%
97.57%
3.18%
2.42%

CUMB Performance Statistics

--
--
--
--
--

CUMB HOLDINGS STATISTICS


CUMB
Segment Benchmark
19.37 years
13.89 years
7.25
5.92
0.18
0.22
4.06
2.39
3.47%
3.35%
7.24
5.91
Low
--
76
52838
AA-
N/A

CUMB MATURITY DISTRIBUTION


CUMB
Segment Benchmark
--
0.21%
--
8.14%
--
8.61%
--
8.67%
--
13.27%
--
61.10%

CUMB CREDIT BREAKDOWN


CUMB
Segment Benchmark
--
13.66%
--
52.52%
--
25.46%
--
7.98%
--
0.12%
--
0.00%
--
0.00%
--
0.00%
--
0.00%