Virtus Newfleet Multi-Sector S/T Bd I (PIMSX)

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Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) is up 1.5% since the beginning of the year. PIMSX is currently trading at $5 per share. Investors who bought $1,000 worth of PIMSX shares 5 years ago would now be looking at an investment worth $1,154.

Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) has returned 1.47% so far this year and 4.99% over the past 12 months. Over the last ten years, PIMSX has returned 3.13% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 6, 2008, PIMSX's average daily return is +0.01%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 71% of months were positive and 29% were negative. The best month was Jul 2009 with a return of +4.6%, while the worst month was Oct 2008 at -7.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PIMSX closed higher 21% of trading days. The best single day was Mar 26, 2020 with a return of +1.6%, while the worst single day was Mar 19, 2020 at -1.8%.

Virtus Newfleet Multi-Sector S/T Bd I has an annualized alpha of 3.48%, beta of 0.03, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since June 06, 2008.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.05%) than losses (13.59%) - typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R2 of 0.05 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 0.05 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.

PIMSX has an expense ratio of 0.65%, placing it in the medium range.

PIMSX ranks 80 for risk / return — in the top 80% 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.

Virtus Newfleet Multi-Sector S/T Bd I provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Virtus Newfleet Multi-Sector S/T Bd I. 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 Multi-Sector S/T Bd I. 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 Multi-Sector S/T Bd I was 18.10%, occurring on Dec 12, 2008. Recovery took 158 trading sessions.

The current Virtus Newfleet Multi-Sector S/T Bd I drawdown is 0.22%.

The chart below shows the rolling one-month volatility.