Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Virtus Newfleet Short Duration Core Plus Bond ETF
$25.110.00 (0.00%)
- 0.35%
- $13M
- +2.2%
- 5.06%
- 0M sh
- $25.12
- low $25.05high $26.61
The ETF.net SDCP Grade
C
Score 45 out of 100
- 92 of 117
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C46 out of 100Rank 61 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.D29 out of 100Rank 98 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A83 out of 100Rank 8 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 100 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 26 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F20 out of 100Rank 111 of 117
Our read on SDCP
CNewfleet keeps this one on a short leash: duration pinned to a 1 to 3 year band, investment-grade and liquid paper, income paid monthly. Total return with less of the rate whiplash a full aggregate portfolio carries.
The Fund seeks high total return, including current income, while limiting fluctuations in net asset value. Its strategy maintains duration within a 1–3 year range and invests primarily in investment-grade, more liquid fixed-income securities.
Why people hold it
- Duration is held to a 1 to 3 year band by mandate, so the portfolio takes far less interest-rate risk than a full aggregate bond fund.
- Active core-plus management across roughly 200 positions in investment-grade, more liquid sectors, with income paid out monthly.
- At 0.35% a year it lands near the middle of the broad bond ETF pack, which is not where actively run portfolios usually sit.
Worth knowing
- Index trackers like BND and SPAB charge 0.03%, so the active mandate here costs many times more than a plain aggregate tracker.
- Small and lightly traded beside the category's giants, which can show up as wider bid-ask spreads when you go to trade.
- Actively run, launched in late 2023: results ride on the team's sector and credit calls, with no index to measure them against.
SDCP Holdings
- Bonds
- 357
- 20%
- Cash/Cash equivalents
Geography
- United States87.19%
- United Kingdom4.23%
- Ireland2.48%
- Canada2.46%
- France1.48%
- Norway0.50%
- Italy0.50%
- Netherlands0.40%
- 0.77%
SDCP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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SDCP$10,219
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SDCP |
|---|---|
| Year to date | +1.1% |
| 1 month | −0.4% |
| 3 months | −0.3% |
| 1 year | +2.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SDCP |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +5.6% | |
| 2024 | +5.7% | |
| 2023 | +2.0% |
SDCP in the news
SDCP Dividends
- 5.06%
- $1.27
- $0.12 per share
- Monthly
Distribution history
SDCP Risk
- 1.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SDCP Cost
0.35%
SDCP0.35%
- The middle half of US Aggregate Bond funds
- Median 0.34%
57 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CAGGAEA Astoria Dynamic Core US Fixed Income ETFExpense ratio 0.55%1 year return +0.5%
- CHTABHartford Schroders Tax-Aware Bond ETFExpense ratio 0.39%1 year return −3.0%
- CNBTRNeuberger Berman ETF Trust - Neuberger Total Return Bond ETFExpense ratio 0.94%1 year return −1.3%
- CPIFIClearShares Piton Intermediate Fixed Income ETFExpense ratio 0.45%1 year return −0.8%
- CCGIBCapital Group International Bond ETF (USD-Hedged)Expense ratio 0.45%1 year return −0.1%