MINC — AdvisorShares Newfleet Multi-Sector Income ETF
Data updated: 2023-09-08
MINC — AdvisorShares Newfleet Multi-Sector Income ETF. Total / Aggregate Bond · $17.48M AUM. Holdings, fees, performance and SEC filings.
MINC Fund Overview
MINC — AdvisorShares Newfleet Multi-Sector Income ETF is a US ETF managed by AdvisorShares Trust, categorised as Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: AdvisorShares Trust
- Category: Total / Aggregate Bond
- Assets under management: $17.48M
- 1-year return: 1.4%
- Ticker: MINC
- SEC CIK: 0001408970
- SEC series ID: S000038247
- Share class ID: C000117922
MINC Investment Objective and Strategy
AdvisorShares Newfleet Multi-Sector Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.
Investment objective
The AdvisorShares Newfleet Multi-Sector Income ETF (the Fund) seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value (NAV) due to changes in interest rates.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). In seeking to achieve the Fund's investment objective, Newfleet Asset Management, LLC (the Sub-Advisor) applies a time-tested approach and extensive credit research to capitalize on opportunities across undervalued areas of the bond markets. The Fund principally invests in investment-grade securities, which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization or, if unrated, those securities that the Sub-Advisor determines to be of comparable quality. The Sub-Advisor seeks to provide diversification by allocating the Fund's investments among various sectors of the fixed income markets, which include: corporate investment-grade, corporate high-yield, bank loans, non-agency commercial mortgage-backed securities (CMBSs), agency and non-agency residential mortgage-backed securities (RMBSs), non-U.S.
dollar securities, emerging market high-yield securities, Yankee investment-grade bonds, asset-backed securities, taxable municipal bonds, tax-exempt municipal bonds, and securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities. As a result, the Fund's fixed income investments may be issued by various types of issuers and may include some or all of the following: ? Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, including collateralized mortgage obligations (CMOs), real estate mortgage investment conduits (REMICs) and other pass-through securities; ? Debt securities issued by foreign issuers, including foreign governments and their political subdivisions and issuers in emerging markets; ?
Investment-grade securities issued primarily by U.S. issuers and secondarily by non-U.S. issuers; and ? High-yield debt instruments, including bank loans, which are generally floating-rate loans. The average duration of the Fund's fixed income investments ranges from one to three years. The Fund may invest up to 20% of its total assets in securities that are rated below investment-grade at the time of purchase. If certain of the Fund's holdings experience a decline in their credit quality and fall below investment-grade, the Fund may continue to hold the securities and they will not count toward the Fund's 20% investment limit. Generally, the Fund will limit its investments in corporate high-yield securities to 10% of its assets and will limit its investments in non-U.S. issuers to 30% of its assets.
MINC Performance
Total returns for MINC (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.4% |
| 3 years (annualised) | -0.2% |
MINC Risk Information
Risk metrics for MINC, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.2%
MINC Costs and Fees
MINC costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.76%
- Portfolio turnover: 54%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
MINC Cashflows
Over the 12 months to 2023-06, AdvisorShares Newfleet Multi-Sector Income ETF had net inflows of $65.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $0 |
| 2023-05 | $1.13M |
| 2023-04 | $0 |
| 2023-03 | $1.58M |
| 2023-02 | $0 |
| 2023-01 | $3.59M |
MINC Debt Constituents
No individual debt constituents are reported in AdvisorShares Newfleet Multi-Sector Income ETF's latest SEC N-PORT filing.
MINC Prospectus and SEC Filings
Official AdvisorShares Newfleet Multi-Sector Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2021-10-29
- Prospectus (485BPOS) — filed 2020-11-13
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Portfolio holdings (N-PORT) — filed 2023-05-22
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Annual census (N-CEN) — filed 2023-09-08
- Annual census (N-CEN) — filed 2022-09-08
Related Funds
Other Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.