Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX)

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Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) is up 1.2% since the beginning of the year. HIBIX is currently trading at $11 per share. Investors who bought $1,000 worth of HIBIX shares 5 years ago would now be looking at an investment worth $1,149.

Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) has returned 1.20% so far this year and 4.94% over the past 12 months. Over the last ten years, HIBIX has returned 2.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Feb 26, 1996, HIBIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 73% of months were positive and 27% were negative. The best month was May 2009 with a return of +2.6%, while the worst month was Mar 2020 at -4.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HIBIX closed higher 35% of trading days. The best single day was Mar 26, 2020 with a return of +1.3%, while the worst single day was Mar 19, 2020 at -1.5%.

Virtus Newfleet Low Duration Core Plus Bond Fund has an annualized alpha of 4.13%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 27, 1996.

• This fund captured 10.72% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.95%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 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 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HIBIX has an expense ratio of 0.50%, placing it in the medium range.

HIBIX ranks 91 for risk / return — in the top 91% 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 Newfleet Low Duration Core Plus Bond Fund (HIBIX) and compare them to S&P 500 Index.

Virtus Newfleet Low Duration Core Plus Bond Fund provided a 4.55% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Virtus Newfleet Low Duration Core Plus Bond 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 Newfleet Low Duration Core Plus 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 Newfleet Low Duration Core Plus Bond Fund was 8.57%, occurring on Mar 25, 2020. Recovery took 80 trading sessions.

The current Virtus Newfleet Low Duration Core Plus Bond Fund drawdown is 0.09%.

The chart below shows the rolling one-month volatility.