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Abstract
- Within the second quarter, the Virtus Seix Senior Mortgage ETF returned 1.83% at NAV – reasonably under its benchmark, the S&P UBS Leveraged Mortgage Index, which returned 2.33%.
- We’re disillusioned with the Fund’s 50 bps underperformance.
- In line with Morningstar, we completed on the 88th percentile relative to our friends for the quarter.
Rafmaster/iStock through Getty Photos
Market Assessment
An evolving panorama: We began the second quarter with the rollout of recent tariffs that have been ultimately diminished, largely rolled again, or postponed. First quarter earnings have been stable, total—with some exceptions, in fact. Second-quarter gross home product (GDP) is anticipated to
Choose quarterly mutual fund commentaries.
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