Virtus Convertible Fund (ANNPX)
The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in convertible securities. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into (exchanged for) equity securities or other securities (such as warrants or options) that provide an opportunity for equity participation.
Fund Info
| ISIN | US92838V8330 |
|---|---|
| CUSIP | 01900C649 |
| Issuer | Allianz Global Investors |
| Inception Date | Apr 18, 1993 |
| Category | Convertible Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
ANNPX has a high expense ratio of 0.71%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ANNPX vs. SRLN, ANNPX vs. AVUV
Performance
Performance Chart
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.
Returns By Period
Virtus Convertible Fund had a return of 0.50% year-to-date (YTD) and 7.90% in the last 12 months. Over the past 10 years, Virtus Convertible Fund had an annualized return of 8.79%, while the S&P 500 had an annualized return of 10.41%, indicating that Virtus Convertible Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.50% | 6.17% |
| 1 month | -1.40% | -2.72% |
| 6 months | 10.32% | 17.29% |
| 1 year | 7.90% | 23.80% |
| 5 years (annualized) | 9.75% | 11.47% |
| 10 years (annualized) | 8.79% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.39% | 2.11% | 2.48% | -3.47% | ||||||||
| 2023 | -4.50% | 5.89% | 5.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ANNPX is 36, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Virtus Convertible Fund(ANNPX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Convertible Fund granted a 2.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.83 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.81 | $0.46 | $7.77 | $3.00 | $1.52 | $4.64 | $6.70 | $0.88 | $3.16 | $3.37 | $1.25 |
Dividend yield | 2.63% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% | 10.09% | 3.62% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | ||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $2.82 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.28 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $4.39 |
| 2017 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $6.14 |
| 2016 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.41 |
| 2015 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $2.80 |
| 2014 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.41 | $0.13 | $0.00 | $0.00 | $2.57 |
| 2013 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.87 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 39.21%, occurring on Nov 20, 2008. Recovery took 349 trading sessions.
The current Virtus Convertible Fund drawdown is 17.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.21% | Nov 1, 2007 | 266 | Nov 20, 2008 | 349 | Apr 14, 2010 | 615 |
| -27.36% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -25.76% | Feb 20, 2020 | 20 | Mar 18, 2020 | 53 | Jun 3, 2020 | 73 |
| -19.07% | May 2, 2011 | 108 | Oct 3, 2011 | 239 | Sep 14, 2012 | 347 |
| -18.95% | Jun 24, 2015 | 161 | Feb 11, 2016 | 247 | Feb 3, 2017 | 408 |
Volatility
Volatility Chart
The current Virtus Convertible Fund volatility is 3.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.