Virtus Newfleet Core Plus Bond Fund (SAVYX)
The investment seeks high total return from both current income and capital appreciation. The fund seeks to generate high total return from both current income and capital appreciation by investing primarily in intermediate-term debt securities across 14 fixed income sectors. It seeks to achieve its objective by applying a time-tested approach of active sector rotation, extensive credit research and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.
Fund Info
| ISIN | US92828R4048 |
|---|---|
| CUSIP | 92828R404 |
| Issuer | Virtus |
| Inception Date | Mar 7, 1996 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
SAVYX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Popular comparisons: SAVYX vs. HLIPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Newfleet Core Plus Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Newfleet Core Plus Bond Fund had a return of 4.03% year-to-date (YTD) and 10.50% in the last 12 months. Over the past 10 years, Virtus Newfleet Core Plus Bond Fund had an annualized return of 2.28%, while the S&P 500 had an annualized return of 11.41%, indicating that Virtus Newfleet Core Plus Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.03% | 25.70% |
| 1 month | -0.34% | 3.51% |
| 6 months | 4.61% | 14.80% |
| 1 year | 10.50% | 37.91% |
| 5 years (annualized) | 1.05% | 14.18% |
| 10 years (annualized) | 2.28% | 11.41% |
Monthly Returns
The table below presents the monthly returns of SAVYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.21% | -0.67% | 0.94% | -2.10% | 1.70% | 0.40% | 2.57% | 1.44% | 1.26% | -1.96% | 4.03% | ||
| 2023 | 3.78% | -2.11% | 1.65% | 0.90% | -1.10% | 0.22% | 0.27% | -0.49% | -2.26% | -1.63% | 4.39% | 3.55% | 7.08% |
| 2022 | -1.60% | -1.03% | -2.24% | -3.18% | -0.33% | -2.10% | 2.16% | -2.01% | -3.76% | -1.41% | 3.26% | -0.17% | -11.94% |
| 2021 | -0.32% | -1.04% | -1.05% | 0.89% | 0.35% | 0.87% | 0.86% | 0.02% | -0.64% | 0.11% | 0.11% | -1.31% | -1.19% |
| 2020 | 1.89% | 0.90% | -5.97% | 3.00% | 1.98% | 1.68% | 2.26% | -0.21% | -0.04% | -0.27% | 1.78% | 0.64% | 7.59% |
| 2019 | 2.07% | 0.46% | 1.74% | 0.38% | 1.45% | 1.30% | 0.53% | 2.28% | -0.36% | 0.44% | 0.09% | 0.01% | 10.86% |
| 2018 | -0.57% | -0.97% | 0.20% | -0.80% | 0.39% | -0.14% | 0.51% | 0.35% | -0.11% | -0.94% | -0.05% | 0.68% | -1.48% |
| 2017 | 0.71% | 1.08% | 0.04% | 0.97% | 0.98% | 0.04% | 0.62% | 0.75% | -0.12% | 0.30% | -0.14% | 0.41% | 5.77% |
| 2016 | 0.25% | 0.27% | 1.54% | 1.16% | 0.25% | 1.68% | 1.30% | 0.35% | 0.19% | -0.61% | -2.26% | 0.66% | 4.81% |
| 2015 | 0.78% | 0.95% | 0.06% | 0.70% | 0.00% | -1.04% | 0.28% | -0.81% | -0.18% | 0.81% | -0.63% | -0.69% | 0.21% |
| 2014 | 0.54% | 1.50% | 0.36% | 0.79% | 1.30% | 0.68% | -0.51% | 0.85% | -1.20% | 0.80% | -0.21% | -1.21% | 3.73% |
| 2013 | 0.21% | 0.48% | 0.31% | 1.34% | -1.43% | -2.80% | 0.80% | -1.21% | 1.44% | 1.87% | -0.15% | 0.19% | 0.97% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SAVYX is 39, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Newfleet Core Plus Bond Fund (SAVYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Newfleet Core Plus Bond Fund provided a 5.16% dividend yield over the last twelve months, with an annual payout of $0.53 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.45 | $0.31 | $0.30 | $0.32 | $0.38 | $0.40 | $0.40 | $0.36 | $0.39 | $0.49 | $0.48 |
Dividend yield | 5.16% | 4.39% | 3.10% | 2.51% | 2.63% | 3.23% | 3.67% | 3.48% | 3.19% | 3.51% | 4.26% | 4.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Newfleet Core Plus Bond Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.00 | $0.44 | |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.30 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
| 2019 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Newfleet 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 Core Plus Bond Fund was 17.26%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Virtus Newfleet Core Plus Bond Fund drawdown is 3.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.26% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -10.54% | Mar 9, 2020 | 12 | Mar 24, 2020 | 72 | Jul 7, 2020 | 84 |
| -8.19% | Jan 24, 2008 | 193 | Oct 28, 2008 | 130 | May 6, 2009 | 323 |
| -5.69% | May 3, 2013 | 36 | Jun 24, 2013 | 172 | Feb 28, 2014 | 208 |
| -4.36% | Mar 25, 2004 | 35 | May 13, 2004 | 75 | Aug 31, 2004 | 110 |
Volatility
Volatility Chart
The current Virtus Newfleet Core Plus Bond Fund volatility is 1.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.