Virtus Newfleet Short Duration High Income Fund Class A (ASHAX)

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Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) is up 1.6% since the beginning of the year. ASHAX is currently trading at $14 per share. Investors who bought $1,000 worth of ASHAX shares 5 years ago would now be looking at an investment worth $1,249.

Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) has returned 1.57% so far this year and 5.41% over the past 12 months.

Based on dividend-adjusted daily data since Oct 3, 2011, ASHAX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +5.8%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ASHAX closed higher 47% of trading days. The best single day was Apr 9, 2020 with a return of +3.2%, while the worst single day was Mar 19, 2020 at -3.3%.

Virtus Newfleet Short Duration High Income Fund Class A has an annualized alpha of 2.55%, beta of 0.12, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since October 04, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.86%) than losses (3.32%) - typical of diversified or defensive assets.
• Beta of 0.12 may look defensive, but with R2 of 0.32 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

ASHAX has an expense ratio of 0.86%, placing it in the medium range.

ASHAX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Virtus Newfleet Short Duration High Income Fund Class A (ASHAX) and compare them to S&P 500 Index.

Virtus Newfleet Short Duration High Income Fund Class A provided a 6.26% dividend yield over the last twelve months, with an annual payout of $0.85 per share.

The table displays the monthly dividend distributions for Virtus Newfleet Short Duration High Income Fund Class A. 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 Newfleet Short Duration High Income Fund Class A. 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 Newfleet Short Duration High Income Fund Class A was 19.60%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current Virtus Newfleet Short Duration High Income Fund Class A drawdown is 0.07%.

The chart below shows the rolling one-month volatility.