- ISIN
- US92828R6100
- CUSIP
- 92828R610
- Issuer
- Virtus
- Inception Date
- Nov 3, 2016
- Category
- Short-Term Bond
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PIMSX Performance Chart
Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) is up 1.4% 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 $1,149.
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Returns By Period
Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) has returned 1.42% so far this year and 3.66% over the past 12 months. Over the last ten years, PIMSX has returned 2.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Virtus Newfleet Multi-Sector S/T Bd I
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 0.81%
- YTD
- 1.42%
- 1Y
- 3.66%
- 3Y*
- 5.74%
- 5Y*
- 2.82%
- 10Y*
- 2.99%
- ALL TIME*
- 3.77%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PIMSX Monthly Returns History
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 0.58% | -0.72% | 0.82% | 0.40% | 0.17% | -0.44% | 1.42% | |||||
| 2025 | 0.66% | 0.86% | -0.06% | 0.41% | 0.42% | 1.05% | 0.17% | 0.84% | 0.38% | 0.43% | 0.36% | 0.41% | 6.08% |
| 2024 | 0.60% | 0.18% | 0.65% | -0.24% | 0.90% | 0.22% | 1.12% | 1.11% | 0.83% | -0.46% | 0.65% | 0.20% | 5.90% |
| 2023 | 2.12% | -0.84% | 0.78% | 0.46% | -0.38% | 0.34% | 0.78% | 0.34% | -0.29% | -0.09% | 2.00% | 1.77% | 7.16% |
| 2022 | -0.68% | -0.90% | -1.10% | -1.09% | -0.44% | -1.79% | 1.36% | -0.44% | -2.27% | 0.02% | 1.42% | 0.30% | -5.52% |
| 2021 | 0.00% | -0.21% | -0.23% | 0.42% | 0.19% | 0.19% | 0.19% | 0.19% | -0.02% | -0.45% | -0.25% | 0.19% | 0.20% |
Benchmark Metrics
Virtus Newfleet Multi-Sector S/T Bd I has an annualized alpha of 3.46%, 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 (13.55%) - 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.
- Alpha
- 3.46%
- Beta
- 0.03
- R²
- 0.05
- Upside Capture
- 18.05%
- Downside Capture
- 13.55%
Expense Ratio
PIMSX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIMSX ranks 86 for risk / return — above 86% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Newfleet Multi-Sector S/T Bd I (PIMSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIMSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.25 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.00 | +1.30 |
| Martin ratioReturn relative to average drawdown | 12.99 | 8.49 | +4.50 |
Dividends
Dividend History
Virtus Newfleet Multi-Sector S/T Bd I provided a 4.28% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.22 | $0.21 | $0.16 | $0.12 | $0.09 | $0.14 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 |
Dividend yield | 4.28% | 4.77% | 4.60% | 3.66% | 2.77% | 1.89% | 2.92% | 3.18% | 3.16% | 3.23% | 3.16% | 3.18% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.10 | |||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.00 | $0.02 | $0.01 | $0.01 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
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 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 0.44%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.10%Dec 2008 | 6mo 6d | 7mo 21d | 1y 1moJun 2008 - Jul 2009 | Financial crisis2007–2009 |
-10.69%Mar 2020 | 18d | 4mo | 4mo 18dMar 2020 - Jul 2020 | COVID crash2020 |
-8.06%Oct 2022 | 1y 27d | 1y 2mo | 2y 2moSep 2021 - Dec 2023 | Bear market2022 |
-4.47%Oct 2011 | 2mo 3d | 3mo 23d | 5mo 26dAug 2011 - Jan 2012 | — |
-3.27%Jun 2013 | 1mo 22d | 7mo 18d | 9mo 10dMay 2013 - Feb 2014 | — |
Drawdown Indicators
| PIMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.10% | -56.78% | +38.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.30% | -9.10% | +7.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.30% | -18.90% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -8.06% | -25.43% | +17.37% |
Max Drawdown (10Y)Largest decline over 10 years | -10.69% | -33.92% | +23.23% |
Current DrawdownCurrent decline from peak | -0.44% | -1.58% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -10.70% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.14% | -1.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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