Virtus Stone Harbor High Yield Bond (SHHYX)
The investment seeks to maximize total return, which consists of income on its investments and capital appreciation. The fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in High Yield Debt Securities. "High Yield Debt Securities" include fixed income securities and derivative instruments rated below investment grade. The Adviser normally maintains an average portfolio duration of between 3 and 7 years. It may invest in securities of any duration and maturity.
Fund Info
| ISIN | US92828Y5327 |
|---|---|
| CUSIP | 861647204 |
| Issuer | Stone Harbor |
| Inception Date | Aug 16, 2007 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
SHHYX features an expense ratio of 0.66%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Stone Harbor High Yield Bond, 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 17.79% |
| 1 month | N/A | 0.18% |
| 6 months | N/A | 7.53% |
| 1 year | N/A | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of SHHYX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.73% | -1.70% | 1.69% | 0.71% | -1.42% | -4.31% | 1.95% | 0.44% | -1.47% | -1.98% | 4.98% | 4.66% | |
| 2022 | -2.83% | -1.01% | -0.90% | -4.41% | 0.04% | -7.69% | 6.99% | -2.06% | -4.60% | 3.92% | 1.87% | -1.26% | -12.07% |
| 2021 | -0.12% | 0.36% | 0.00% | 1.11% | 0.00% | 1.48% | 0.24% | 0.37% | 0.24% | -0.49% | -1.11% | 2.25% | 4.38% |
| 2020 | -0.37% | -1.90% | -9.52% | 4.27% | 4.14% | -0.00% | 5.44% | 0.64% | -1.27% | 0.26% | 4.24% | 1.99% | 7.23% |
| 2019 | 4.83% | 1.54% | 0.89% | 1.38% | -1.00% | 2.54% | 0.25% | 0.14% | 0.25% | -0.00% | -0.12% | 2.03% | 13.34% |
| 2018 | 0.86% | -1.23% | -0.87% | 0.63% | 0.12% | 0.25% | 1.01% | 0.87% | 0.63% | -1.62% | -0.90% | -1.70% | -1.99% |
| 2017 | 1.34% | 1.32% | -0.60% | 0.96% | 0.70% | -0.36% | 0.97% | -0.26% | 1.10% | -0.00% | -0.49% | 0.36% | 5.14% |
| 2016 | -1.17% | 0.39% | 3.31% | 2.43% | 0.23% | 0.76% | 2.26% | 1.82% | 0.37% | 0.24% | -0.87% | 2.11% | 12.43% |
| 2015 | 0.58% | 2.64% | -0.80% | 1.15% | 0.08% | -1.84% | -0.59% | -1.93% | -3.17% | 3.15% | -1.63% | -2.15% | -4.62% |
| 2014 | 0.64% | 2.19% | 0.31% | 0.52% | 0.88% | 0.94% | -1.75% | 1.41% | -2.62% | 0.97% | -1.12% | -1.88% | 0.35% |
| 2013 | 1.45% | 0.47% | 1.13% | 1.93% | -0.67% | -2.64% | 2.19% | -0.99% | 0.95% | 2.71% | 0.25% | 0.40% | 7.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Stone Harbor High Yield Bond (SHHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Stone Harbor High Yield Bond granted a 102.51% dividend yield in the last twelve months. The annual payout for that period amounted to $7.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.00 | $0.40 | $0.38 | $0.39 | $0.44 | $0.49 | $0.49 | $0.45 | $0.51 | $0.90 | $0.92 |
Dividend yield | 102.51% | 5.88% | 4.67% | 4.78% | 5.50% | 6.53% | 6.09% | 5.51% | 6.58% | 10.45% | 9.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Stone Harbor High Yield Bond. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $6.83 | $7.07 |
| 2022 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.08 | $0.40 |
| 2021 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.06 | $0.38 |
| 2020 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.04 | $0.39 |
| 2019 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.06 | $0.44 |
| 2018 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.11 | $0.49 |
| 2017 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.06 | $0.49 |
| 2016 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.05 | $0.45 |
| 2015 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.05 | $0.51 |
| 2014 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.36 | $0.90 |
| 2013 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.34 | $0.92 |
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 Stone Harbor High Yield Bond. 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 Stone Harbor High Yield Bond was 28.12%, occurring on Dec 12, 2008. Recovery took 188 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.12% | Oct 16, 2007 | 293 | Dec 12, 2008 | 188 | Sep 14, 2009 | 481 |
| -21% | Feb 20, 2020 | 23 | Mar 23, 2020 | 89 | Jul 29, 2020 | 112 |
| -16.11% | Dec 31, 2021 | 188 | Sep 29, 2022 | — | — | — |
| -13.2% | Jul 8, 2014 | 404 | Feb 11, 2016 | 143 | Sep 6, 2016 | 547 |
| -10.74% | May 20, 2011 | 95 | Oct 4, 2011 | 84 | Feb 3, 2012 | 179 |
Volatility
Volatility Chart
The current Virtus Stone Harbor High Yield Bond volatility is 1.74%, 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.