Virtus Short Duration High Income Fund (ASHIX)
The fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in debt securities ("junk bonds") issued by public and private companies, which are rated below investment grade, while maintaining an average duration of less than three years, and in derivatives and other synthetic instruments that have economic characteristics similar to such debt securities.
Fund Info
| ISIN | US92838V5104 |
|---|---|
| CUSIP | 01880B876 |
| Issuer | Allianz Global Investors |
| Inception Date | Oct 3, 2011 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The Virtus Short Duration High Income Fund has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ASHIX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Short Duration High Income 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 Short Duration High Income Fund had a return of 0.80% year-to-date (YTD) and 9.48% in the last 12 months. Over the past 10 years, Virtus Short Duration High Income Fund had an annualized return of 4.05%, while the S&P 500 had an annualized return of 10.55%, indicating that Virtus Short Duration High Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.80% | 6.33% |
| 1 month | -0.46% | -2.81% |
| 6 months | 6.40% | 21.13% |
| 1 year | 9.48% | 24.56% |
| 5 years (annualized) | 4.57% | 11.55% |
| 10 years (annualized) | 4.05% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.26% | 0.12% | 0.95% | |||||||||
| 2023 | -0.19% | -0.56% | 2.87% | 2.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Virtus Short Duration High Income Fund(ASHIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Short Duration High Income Fund (ASHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Short Duration High Income Fund granted a 6.93% dividend yield in the last twelve months. The annual payout for that period amounted to $0.93 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $0.88 | $0.80 | $0.80 | $0.86 | $0.70 | $0.80 | $0.75 | $0.81 | $0.93 | $0.82 | $0.78 |
Dividend yield | 6.93% | 6.45% | 6.22% | 5.53% | 5.95% | 4.85% | 5.64% | 5.02% | 5.36% | 6.44% | 5.32% | 4.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Short Duration High Income 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 | $0.08 | $0.08 | $0.08 | |||||||||
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.08 | $0.08 | $0.07 | $0.12 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 |
| 2020 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.22 |
| 2019 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.16 |
| 2017 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.08 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 |
| 2015 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.23 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 |
| 2013 | $0.03 | $0.08 | $0.05 | $0.07 | $0.05 | $0.08 | $0.06 | $0.07 | $0.06 | $0.06 | $0.08 | $0.08 |
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 Short Duration High Income 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 Short Duration High Income Fund was 19.54%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Virtus Short Duration High Income Fund drawdown is 0.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.54% | Feb 20, 2020 | 23 | Mar 23, 2020 | 161 | Nov 9, 2020 | 184 |
| -9.33% | Jan 18, 2022 | 116 | Jul 5, 2022 | 256 | Jul 12, 2023 | 372 |
| -6.7% | Jul 17, 2015 | 145 | Feb 11, 2016 | 47 | Apr 20, 2016 | 192 |
| -3.08% | Oct 2, 2018 | 58 | Dec 24, 2018 | 40 | Feb 22, 2019 | 98 |
| -2.8% | May 10, 2013 | 31 | Jun 24, 2013 | 61 | Sep 19, 2013 | 92 |
Volatility
Volatility Chart
The current Virtus Short Duration High Income Fund volatility is 1.05%, 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.