Name

Newfleet Asset Management

Legal name

Virtus Fixed Income Advisers, LLC

Website

https://newfleet.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Fixed Income Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Multi-sector fixed income
• Institutional asset management
• Fixed income investing
• Active credit research
• Bond portfolio management

Headquarters

HQ city

Hartford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Asset Management Fees: Newfleet generates revenue through management fees charged on assets under management (AUM). Fees are typically calculated as a percentage of AUM across institutional strategies, mutual funds, ETFs, and separate accounts. The firm manages $16.9 billion in assets as of March 31, 2026.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Newfleet Asset Management is a multi-sector fixed income investment manager that delivers active portfolio management across investment grade corporates, high yield, bank loans, securitized debt, and municipal securities. The firm offers these strategies through institutional separate accounts, mutual funds, actively managed ETFs, UCITS offshore funds, variable insurance funds, and retail separate accounts, distributing via the Virtus Investment Partners network.

Product overview

Newfleet Asset Management is a multi-sector fixed income asset management firm offering a comprehensive suite of investment strategies spanning institutional and retail channels. The firm's offerings include institutional strategies (Core Plus Strategy, Multi-Sector Opportunistic/Short Duration/Low Duration Strategies, Multi-Asset Credit and Opportunistic Strategies, LDI Strategies, LIBOR Plus Total Return), investment grade credit strategies (U.S. and Global Investment Grade Corporates, Securitized Debt), leveraged finance strategies (Bank Loans, High Yield, Short Duration High Income, Global High Yield), and tax-exempt strategies (Intermediate Tax-Exempt, Short-Term Municipal Bond). The firm distributes products through actively managed ETFs (NFLT, SDCP, VSHY, VABS), open-end mutual funds, closed-end funds (VGI, ZTR), UCITS funds for non-U.S. investors, variable insurance funds, and retail separate accounts. All strategies are managed by sector specialists using fundamental research-driven approaches with active sector rotation and disciplined risk management.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Plus Strategy Institutional multi-sector strategy that generates high total return from investment grade, intermediate-term debt securities across the broad fixed income universe, employing dynamic sector allocation and disciplined risk management to outperform the Bloomberg U.S. Aggregate Index over full market cycles.
• Multi-Sector Short Duration Strategy Institutional strategy that seeks current income with emphasis on low volatility and short duration by investing in higher-quality, more liquid securities across the broad fixed income universe using a value-oriented, research-driven approach.
• Multi-Sector Low Duration Strategy Institutional strategy focusing on higher-quality, more liquid securities across the broad fixed income universe, seeking attractive total return with low volatility and shorter duration through extensive research and tactical allocation to undervalued sectors.
• Multi-Sector Opportunistic Strategy Institutional strategy employing optimal flexibility to invest in below-investment grade and non-U.S. debt to maximize potential for high current income and total return through a value-oriented, research-driven approach.
• Multi-Asset Credit Strategy Institutional strategy investing in an unconstrained global opportunity set encompassing all major asset classes, including investment grade and securitized credit, high yield debt, bank loans, and sovereign and corporate debt with a target total return objective.
• Multi-Asset Credit Opportunistic Strategy Institutional unconstrained, concentrated strategy of high conviction ideas investing in emerging markets debt, investment grade and high yield corporate debt, and derivatives with a target total return objective.
• Liability Driven Investing (LDI) Strategies Customized LDI solutions for institutional clients, including LDI Plus (active with leverage) and LDI (passive, no leverage), designed for large multinational corporate pension plans.
• LIBOR Plus Total Return Strategy Institutional strategy investing in a broad range of fixed income securities, including investment grade and below investment grade corporate debt, bank loans, emerging markets debt, and derivatives, with effective duration of less than one year, seeking total return and downside protection.
• U.S. Investment Grade Corporates Strategy Dedicated credit strategy seeking high total return from current income and capital appreciation by investing primarily in U.S.-issued investment grade corporate debt securities using fundamental and qualitative approach with strategic sector allocation.
• Global Investment Grade Corporate Debt Strategy Dedicated credit strategy generating high total return by investing primarily in globally issued investment grade corporate debt securities through a fundamental approach with strategic sector allocation and disciplined credit selection.
• Securitized Debt Strategy Dedicated credit strategy generating high total return by investing primarily in agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, and asset-backed securities using active sector rotation and disciplined credit process.
• Bank Loans Strategy Dedicated leveraged finance strategy offering attractive total return and income by investing in higher-quality, non-investment grade bank loans through extensive credit analysis, seeking securities with strong income potential while managing risk.
• High Yield Strategy Dedicated leveraged finance strategy seeking diversification and potential rewards from high yield fixed income securities through issue selection, sector/industry selection, and opportunistic trading with overweighting of improving business profile sectors.
• Short Duration High Income Strategy Dedicated leveraged finance strategy seeking high current income with lower volatility and interest rate risk by investing in short-term, higher-quality high yield bonds with duration of less than three years using issue selection and sector rotation.
• Global High Yield Corporates Strategy Dedicated leveraged finance strategy generating high total return from current income and capital appreciation by investing in non-investment grade corporate debt of global issuers in the U.S., Europe, and emerging markets through a fundamental approach.
• Intermediate Tax-Exempt Strategy Tax-exempt strategy that maximizes total return through current income exempt from federal income taxes by investing in investment grade municipal securities using a dynamic investment process balancing duration, yield curve, sector rotation, and security selection.
• Short-Term Municipal Bond Strategy Tax-exempt strategy seeking to maximize total return through federal tax-exempt current income and capital appreciation by investing in investment grade municipal securities, with approximately 75% in AAA/AA-rated bonds and a target maturity of 3 years or less.
• Virtus Newfleet Multi-Sector Bond ETF (NFLT) Actively managed ETF investing across the global fixed income universe, providing daily liquidity and diversified multi-sector fixed income exposure.
• Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) Actively managed short duration ETF offering core plus fixed income exposure with daily liquidity.
• Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) Actively managed short duration ETF providing high yield fixed income exposure with daily liquidity.
• Virtus Newfleet ABS/MBS ETF (VABS) Actively managed ETF investing in asset-backed and mortgage-backed securities.
• Virtus Newfleet Core Plus Bond Fund Open-end mutual fund employing a core plus fixed income strategy across the broad fixed income universe.
• Virtus Newfleet High Yield Fund Open-end mutual fund investing in high yield fixed income securities.
• Virtus Newfleet Low Duration Core Plus Bond Fund Open-end mutual fund with low duration core plus fixed income strategy.
• Virtus Newfleet Multi-Sector Intermediate Bond Fund Open-end mutual fund with multi-sector intermediate bond strategy.
• Virtus Newfleet Short Duration High Income Fund Open-end mutual fund with short duration high yield focus.
• Virtus Global Multi-Sector Income Fund (VGI) Closed-end fund providing global multi-sector income through diversified fixed income allocation.
• Virtus Total Return Fund Inc. (ZTR) Closed-end fund seeking total return through multi-sector fixed income investments.
• Virtus GF Multi-Sector Income Fund Offshore UCITS fund providing global multi-sector income for non-U.S. investors.
• Virtus GF Multi-Sector Short Duration Bond Fund Offshore UCITS fund with short duration multi-sector bond strategy for non-U.S. investors.
• Virtus Newfleet Multi-Sector Intermediate Bond Series Variable insurance fund with multi-sector intermediate bond strategy, offered within variable annuity products.
• Virtus Tactical Allocation Series Variable insurance fund with tactical allocation strategy, offered within variable annuity products.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Loomis Sayles: Multi-sector fixed income manager with deep high yield, bank loan, and investment grade capabilities distributed via mutual funds, ETFs, and institutional separate accounts; closely matches Newfleet's strategy and channel mix.
• Western Asset Management: One of the largest multi-sector fixed income managers globally, offering Core Plus, multi-sector, high yield, bank loans, and securitized strategies across institutional and retail channels — directly comparable to Newfleet's product set.
• DoubleLine Capital: Specialist fixed income manager founded in 2009 offering multi-sector and securitized strategies through mutual funds, ETFs, and separate accounts — a directly comparable multi-channel active fixed income peer.
• Income Research + Management: Boston-based fixed income manager specializing in investment grade, high yield, leveraged finance, and securitized credit for institutional clients; comparable product focus and client mix.
• TCW Group: Active fixed income manager offering multi-sector, Core Plus, high yield, securitized, and emerging markets strategies to institutional and intermediary clients; comparable to Newfleet's investment universe and client base.
• Brandywine Global Investment Management: Multi-sector fixed income manager focused on global credit, high yield, and leveraged finance strategies distributed through institutional and sub-advisory channels; closely comparable in strategy mix.
• Payden & Rygel: Independent fixed income manager offering multi-sector, Core Plus, global, and securitized strategies across institutional, mutual fund, and offshore vehicles — comparable channel and strategy architecture to Newfleet.

Broad incumbents

• PGIM Fixed Income: A much larger incumbent multi-sector fixed income manager within Prudential's asset management arm; broad overlap in product set but operates at significantly greater scale than Newfleet.
• PIMCO: The largest global active fixed income manager, offering multi-sector, high yield, bank loan, securitized, and emerging markets strategies; similar product breadth but operating at vastly greater AUM scale.

Regional players

• Virtus Newfleet peer affiliate: Seix Investment Advisors (within Virtus): Sibling fixed income affiliate within Virtus Fixed Income Advisers; recent movement of personnel between Seix and Newfleet underscores overlapping product sets and shared client platforms, making it a directly comparable affiliated peer rather than an external competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/newfleet
• LinkedInlinkedin.com/company/newfleet-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newfleet Asset Management