Virtus Seix Floating Rate High Income Fund (SAMBX)

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

Virtus Seix Floating Rate High Income Fund (SAMBX) is up 2.6% since the beginning of the year. SAMBX is currently trading at $8 per share. Investors who bought $1,000 worth of SAMBX shares 5 years ago would now be looking at an investment worth $1,308.

Virtus Seix Floating Rate High Income Fund (SAMBX) has returned 2.55% so far this year and 7.30% over the past 12 months. Over the last ten years, SAMBX has returned 4.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 3, 2007, SAMBX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 74% of months were positive and 26% were negative. The best month was Apr 2009 with a return of +6.1%, while the worst month was Oct 2008 at -12.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SAMBX closed higher 27% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -3.7%.

Virtus Seix Floating Rate High Income Fund has an annualized alpha of 3.85%, beta of 0.05, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 03, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.26%) than losses (17.14%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.07 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 0.07 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.

SAMBX has an expense ratio of 0.64%, placing it in the medium range.

SAMBX ranks 97 for risk / return — in the top 97% 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 Seix Floating Rate High Income Fund provided a 7.43% dividend yield over the last twelve months, with an annual payout of $0.57 per share.

The table displays the monthly dividend distributions for Virtus Seix Floating Rate High Income 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 Seix Floating Rate High Income 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 Seix Floating Rate High Income Fund was 24.74%, occurring on Dec 17, 2008. Recovery took 214 trading sessions.

The current Virtus Seix Floating Rate High Income Fund drawdown is 0.13%.

The chart below shows the rolling one-month volatility.