Virtus High Yield Bond Fund (AYBIX)
The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in high yield securities ("junk bonds"), which are fixed income securities rated below investment grade or unrated and determined to be of similar quality. The fund's fixed income securities may be fixed-, variable- or floating-rate.
Fund Info
| ISIN | US92838V7001 |
|---|---|
| CUSIP | 01900C540 |
| Issuer | Allianz Global Investors |
| Inception Date | Jul 31, 1996 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
AYBIX features an expense ratio of 0.83%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus High Yield Bond 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 13.78% |
| 1 month | N/A | -0.38% |
| 6 months | N/A | 11.47% |
| 1 year | N/A | 18.82% |
| 5 years (annualized) | N/A | 12.44% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns
The table below presents the monthly returns of AYBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.25% | 0.26% | -4.59% | ||||||||||
| 2023 | 5.56% | -1.53% | 0.09% | 0.91% | 2.14% | 0.89% | 2.49% | -1.10% | -1.52% | -0.32% | 4.20% | 4.03% | 16.68% |
| 2022 | -3.01% | -0.41% | -0.78% | -3.56% | -0.82% | -6.79% | 6.36% | -1.55% | -5.84% | 3.32% | 3.22% | -0.76% | -10.83% |
| 2021 | -0.25% | 1.42% | 0.22% | 0.78% | 0.31% | 1.73% | 0.65% | 0.42% | 0.30% | 0.07% | -1.22% | 1.14% | 5.70% |
| 2020 | -0.13% | -1.31% | -10.08% | 2.24% | 4.05% | -0.78% | 3.96% | 1.97% | -1.72% | -0.02% | 4.87% | 1.43% | 3.64% |
| 2019 | 4.75% | 1.19% | 1.06% | 1.05% | -1.55% | 2.75% | 0.46% | 0.93% | 0.57% | 0.46% | 0.46% | 1.16% | 14.01% |
| 2018 | 0.35% | -1.68% | -0.68% | 0.36% | 0.02% | 0.34% | 0.93% | 0.69% | 0.34% | -1.88% | -1.21% | -2.57% | -4.94% |
| 2017 | 0.96% | 1.41% | -0.27% | 1.18% | 0.72% | 0.06% | 1.02% | -0.21% | 0.68% | 0.35% | -0.32% | 0.35% | 6.08% |
| 2016 | -2.51% | -0.11% | 4.35% | 2.75% | 0.56% | 0.68% | 2.65% | 2.25% | 0.63% | 0.05% | 0.18% | 1.89% | 14.02% |
| 2015 | 0.27% | 2.53% | -0.36% | 0.95% | 0.53% | -1.06% | -0.65% | -2.39% | -2.70% | 2.89% | -2.72% | -2.10% | -4.90% |
| 2014 | 0.70% | 1.50% | 0.30% | 0.40% | 0.80% | 0.80% | -1.50% | 1.43% | -2.27% | 0.89% | -0.98% | -1.40% | 0.59% |
| 2013 | 1.80% | 0.20% | 1.29% | 1.58% | -0.20% | -2.07% | 2.12% | -0.20% | 0.60% | 1.91% | 0.40% | 0.56% | 8.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AYBIX is 67, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus High Yield Bond Fund (AYBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus High Yield Bond Fund granted a 4.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.45 | $0.43 | $0.44 | $0.47 | $0.47 | $0.48 | $0.52 | $0.56 | $0.62 | $0.70 | $0.81 |
Dividend yield | 4.49% | 5.77% | 6.07% | 5.21% | 5.55% | 5.43% | 6.00% | 5.82% | 6.31% | 7.39% | 7.49% | 8.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus High Yield Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.03 | $0.13 | |||||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2015 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
| 2013 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.15 | $0.81 |
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 High Yield Bond 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 High Yield Bond Fund was 29.11%, occurring on Dec 12, 2008. Recovery took 156 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.11% | May 6, 2008 | 154 | Dec 12, 2008 | 156 | Jul 29, 2009 | 310 |
| -21.01% | Feb 20, 2020 | 23 | Mar 23, 2020 | 168 | Nov 18, 2020 | 191 |
| -16.42% | Nov 10, 2021 | 224 | Sep 30, 2022 | 302 | Dec 13, 2023 | 526 |
| -14.33% | Jul 10, 2014 | 402 | Feb 11, 2016 | 124 | Aug 9, 2016 | 526 |
| -12.42% | Jul 21, 1998 | 67 | Oct 21, 1998 | 123 | Apr 12, 1999 | 190 |
Volatility
Volatility Chart
The current Virtus High Yield Bond Fund volatility is 0.81%, 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.