Virtus Newfleet Core Plus Bond Fund (SAVYX)

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Virtus Newfleet Core Plus Bond Fund (SAVYX) is up 0.8% since the beginning of the year. SAVYX is currently trading at $10 per share. Investors who bought $1,000 worth of SAVYX shares 5 years ago would now be looking at an investment worth $1,044.

Virtus Newfleet Core Plus Bond Fund (SAVYX) has returned 0.82% so far this year and 5.44% over the past 12 months. Over the last ten years, SAVYX has returned 2.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1997, SAVYX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Mar 2020 at -6.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, SAVYX closed higher 44% of trading days. The best single day was Oct 20, 1997 with a return of +1.7%, while the worst single day was Mar 18, 2020 at -2.2%.

Virtus Newfleet Core Plus Bond Fund has an annualized alpha of 4.84%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.67%) than losses (2.76%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

SAVYX has an expense ratio of 0.55%, placing it in the medium range.

SAVYX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Virtus Newfleet Core Plus Bond Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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 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 16.46%, occurring on Oct 24, 2022. Recovery took 714 trading sessions.

The current Virtus Newfleet Core Plus Bond Fund drawdown is 0.92%.

The chart below shows the rolling one-month volatility.