Virtus Convertible Fund (ANNPX)

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The chart shows the growth of an initial investment of $10,000 in Virtus Convertible Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Virtus Convertible Fund (ANNPX) has returned -0.19% so far this year and 26.44% over the past 12 months. Over the last decade, ANNPX has posted an annualized return of 12.62%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Apr 19, 1993, ANNPX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, your investment would double in approximately 8.4 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 54% 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%.

Virtus Convertible Fund has an annualized alpha of 2.59%, beta of 0.60, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 20, 1993.

• This fund participated in 75.11% of S&P 500 Index downside but only 73.62% of its upside — more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 2.59% 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.

ANNPX has an expense ratio of 0.71%, placing it in the medium range.

ANNPX ranks 90 for risk / return — in the top 90% 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.

The table below present risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and compare them to a chosen benchmark (S&P 500 Index).

Virtus Convertible Fund provided a 11.28% dividend yield over the last twelve months, with an annual payout of $4.34 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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.

The current Virtus Convertible Fund drawdown is 7.15%.

The chart below shows the rolling one-month volatility.