MINC

AdvisorShares Newfleet Multi-Sector Income ETF
*Unless otherwise stated, data provided by FactSet.

MINC Fund Description

MINC is an actively managed fund that holds a broad variety of corporate, sovereign, municipal and mortgage-backed bonds, targeting a duration of 1-3 years.

MINC Factset Analytics Insight

MINC's actively managed portfolio focuses on delivering income while preserving capital through extensive credit research and a top-down investment philosophy. The generally limits corporate high-yield exposure to 10% and non-US issuers to 30%. The fund targets a duration of between 1 to 3 years, thus limiting exposure to interest-rate shifts. The fund manager identifies the most attractive sectors within government, corporate, structured, municipal and foreign debt instruments. Then the manager selects individual issues that are deemed to be undervalued, an approach that is likely to cause deviations from market-like exposure. MINC has middling liquidity across the board: modest daily activity and large spreads mean that retail investors should trade with care, while its underlying liquidity also creates some obstacles to block trades. MINC's expense ratio is somewhat high for ETFs in general, but it looks a lot better in comparison to other actively-managed funds. So far, performance has been stable but its remains to be seen whether it can reliably deliver on its investment objective.

MINC Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 10/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MINC 0.40% 1.09% 4.49% 4.26% 2.30% 2.28% --
MINC (NAV) 0.31% 0.70% 3.84% 3.64% 2.13% 2.17% --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MINC Summary Data

03/19/13
Open-Ended Fund
0.69%
$72.93M
$265.84K
0.27%

MINC Portfolio Data

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07/26/18
300

MINC Index Data

No Underlying Index
Proprietary
Proprietary
N/A

MINC Portfolio Management

0.69%
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MINC Tax Exposures

20.00% / 39.60%
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Ordinary income
No

MINC Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MINC Factset Analytics Block Liquidity

As of 10/22/19
5
4
3
2
1

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

MINC Tradability

5,476
$265.84K
3,424
$166.30K
0.27%
$0.13
-0.08%
0.23% / -0.41%
None
99.65%
50,000
0.07
0.02%
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0
$48.60
N/A

MINC Top 10 Holdings[View All]

2.20%
1.64%
1.43%
1.42%
1.21%
1.19%
1.07%
1.07%
0.98%
0.95%
13.16%

MINC Performance Statistics

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MINC Holdings Statistics

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300
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MINC Avg Life Maturity Distribution

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MINC OAS Breakdown

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