- ISIN
- US92838V8330
- CUSIP
- 01900C649
- Issuer
- Allianz
- Inception Date
- Apr 18, 1993
- Category
- Convertible Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ANNPX Performance Chart
Virtus Convertible Fund (ANNPX) is up 22.1% since the beginning of the year. ANNPX is currently trading at $47 per share. Investors who bought $1,000 worth of ANNPX shares 5 years ago would now be looking at an investment worth $1,537.
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Returns By Period
Virtus Convertible Fund (ANNPX) has returned 22.11% so far this year and 44.39% over the past 12 months. Looking at the last ten years, ANNPX has achieved an annualized return of 14.66%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Virtus Convertible Fund
- 1D
- 1.22%
- 1M
- 3.46%
- YTD
- 22.11%
- 6M
- 20.06%
- 1Y
- 44.39%
- 3Y*
- 20.71%
- 5Y*
- 8.97%
- 10Y*
- 14.66%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ANNPX Monthly Returns History
Based on dividend-adjusted daily data since Apr 19, 1993, ANNPX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2000 with a return of +16.8%, while the worst month was Nov 2000 at -19.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ANNPX closed higher 55% of trading days. The best single day was Mar 2, 1994 with a return of +14.5%, while the worst single day was Mar 1, 1994 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.49% | 1.41% | -3.39% | 10.96% | 5.34% | 2.05% | 22.11% | ||||||
| 2025 | 3.12% | -2.86% | -3.46% | 0.91% | 4.23% | 4.78% | 2.60% | 3.30% | 5.21% | 4.44% | -0.60% | -0.71% | 22.50% |
| 2024 | -1.39% | 2.11% | 2.48% | -3.47% | 3.05% | 0.84% | 1.20% | 2.07% | 2.14% | 0.44% | 9.16% | -4.69% | 14.13% |
| 2023 | 4.53% | -2.07% | 0.39% | -1.04% | -0.33% | 4.77% | 1.71% | -2.58% | -3.21% | -4.50% | 5.89% | 5.25% | 8.39% |
| 2022 | -8.04% | -0.06% | 1.74% | -7.18% | -2.93% | -5.91% | 5.48% | 0.67% | -5.78% | 3.83% | 1.66% | -2.83% | -18.65% |
| 2021 | 2.87% | 3.54% | -4.95% | 2.75% | -2.07% | 3.03% | -0.49% | 1.18% | -1.39% | 4.71% | -3.52% | -0.29% | 4.96% |
Benchmark Metrics
Virtus Convertible Fund has an annualized alpha of 2.88%, beta of 0.60, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 19, 1993.
- This fund participated in 74.48% of S&P 500 Index downside but only 74.14% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.88% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.60 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.88%
- Beta
- 0.60
- R²
- 0.56
- Upside Capture
- 74.14%
- Downside Capture
- 74.48%
Expense Ratio
ANNPX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ANNPX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANNPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.37 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 2.78 | +3.48 |
| Martin ratioReturn relative to average drawdown | 26.09 | 12.44 | +13.66 |
Dividends
Dividend History
Virtus Convertible Fund provided a 9.03% dividend yield over the last twelve months, with an annual payout of $4.25 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.25 | $4.38 | $0.82 | $0.81 | $0.46 | $7.77 | $3.00 | $1.52 | $4.64 | $6.70 | $0.88 | $3.16 |
Dividend yield | 9.03% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Convertible Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.22 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $3.91 | $4.38 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.37 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.46 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.27 | $0.46 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $7.59 | $7.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Convertible Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Convertible Fund was 55.61%, occurring on Nov 20, 2008. Recovery took 1128 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.61%Nov 2008 | 8y 8mo | 4y 5mo | 13y 2moMar 2000 - May 2013 |
Bear market2022 | -27.36%Jun 2022 | 1y 4mo | 3y 15d | 4y 4moFeb 2021 - Jun 2025 |
1998 bear market1998 | -25.86%Oct 1998 | 2mo 19d | 2mo 24d | 5mo 13dJul 1998 - Dec 1998 |
COVID crash2020 | -25.76%Mar 2020 | 27d | 2mo 17d | 3mo 14dFeb 2020 - Jun 2020 |
1995 bear market1995 | -24.42%Jan 1995 | 1y 2mo | 1y 3mo | 2y 6moNov 1993 - May 1996 |
Drawdown Indicators
| ANNPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -56.78% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -9.10% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -18.90% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.85% | -25.43% | -1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -33.92% | +6.56% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -10.71% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.03% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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