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Virtus Newfleet Low Duration Core Plus Bond Fund (...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The investment seeks to provide a high level of total return, including a competitive level of current income, while limiting fluctuations in net asset value due to changes in interest rates. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Under normal circumstances, it invests at least 80% of its assets in fixed income debt obligations of various types of issuers.

Fund Info

ISIN

US92828W3209

CUSIP

92828W320

Issuer

Virtus

Inception Date

Feb 23, 1996

Category

Short-Term Bond

Min. Investment

$100,000

Asset Class

Bond

Expense Ratio

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

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Virtus Newfleet Low Duration Core Plus Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) returned 1.92% year-to-date (YTD) and 6.77% over the past 12 months. Over the past 10 years, HIBIX returned 2.53% annually, underperforming the S&P 500 benchmark at 10.85%.

HIBIX

YTD

1.92%

1M

0.00%

6M

2.21%

1Y

6.77%

3Y*

4.65%

5Y*

2.85%

10Y*

2.53%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of HIBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.59%0.84%0.09%0.40%0.00%1.92%
20240.73%-0.04%0.76%-0.30%0.90%0.29%1.61%0.97%0.81%-0.37%0.58%0.28%6.37%
20231.82%-0.53%0.70%0.65%-0.19%0.14%0.79%0.32%-0.14%-0.06%1.62%1.63%6.91%
2022-0.63%-0.71%-1.45%-0.80%-0.23%-1.11%0.96%-0.60%-1.55%-0.40%1.04%0.56%-4.85%
20210.23%-0.14%-0.23%0.23%0.21%0.04%0.32%0.03%-0.06%-0.34%-0.16%0.04%0.16%
20200.88%0.48%-4.82%2.04%1.44%1.49%0.95%0.36%0.17%0.09%0.61%0.46%4.06%
20190.91%0.42%0.73%0.43%0.74%0.60%0.16%0.81%-0.06%0.42%0.04%0.14%5.46%
2018-0.17%-0.27%0.13%-0.06%0.15%0.04%0.32%0.25%0.11%-0.06%0.05%0.25%0.75%
20170.37%0.37%0.09%0.45%0.36%-0.01%0.46%0.30%0.01%0.19%-0.18%0.20%2.65%
20160.46%0.07%0.54%0.55%0.07%0.83%0.54%-0.01%0.36%-0.10%-0.83%0.09%2.59%
20150.66%0.19%0.29%0.29%0.10%-0.17%0.19%-0.19%0.19%0.19%-0.19%-0.27%1.26%
20140.73%0.54%0.00%0.38%0.56%0.19%-0.26%0.28%-0.36%0.38%0.10%-0.45%2.10%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, HIBIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of HIBIX is 9898
Overall Rank
The Sharpe Ratio Rank of HIBIX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of HIBIX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of HIBIX is 9797
Omega Ratio Rank
The Calmar Ratio Rank of HIBIX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of HIBIX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Virtus Newfleet Low Duration Core Plus Bond Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 3.29
  • 5-Year: 1.37
  • 10-Year: 1.22
  • All Time: 1.40

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Virtus Newfleet Low Duration Core Plus Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Virtus Newfleet Low Duration Core Plus Bond Fund provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.

1.00%2.00%3.00%4.00%5.00%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.48$0.47$0.38$0.21$0.17$0.25$0.31$0.29$0.24$0.23$0.25$0.25

Dividend yield

4.53%4.43%3.60%2.11%1.55%2.29%2.87%2.72%2.24%2.10%2.30%2.28%

Monthly Dividends

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.16
2024$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
2023$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.04$0.04$0.38
2022$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.21
2021$0.02$0.02$0.02$0.02$0.01$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.17
2020$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.02$0.03$0.31
2018$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.03$0.02$0.02$0.03$0.03$0.29
2017$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.24
2016$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.23
2015$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

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.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.57%Mar 5, 202015Mar 25, 202080Jul 20, 202095
-7.92%Mar 4, 2008185Nov 24, 2008114May 11, 2009299
-7.11%Sep 16, 2021277Oct 20, 2022288Dec 13, 2023565
-3.56%Mar 18, 200440May 13, 200490Sep 22, 2004130
-3.42%Nov 8, 200127Dec 17, 2001123Jun 14, 2002150
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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