Mutual Fund Insights: Virtus CA Tax-Exempt Bond A Fund (CTESX)

In-depth Analysis of Virtus CA Tax-Exempt Bond A Fund (CTESX)

3 months 6 months 1 year 3 year 5 year

See Virtus CA Tax-Exempt Bond A Fund (CTESX) performance details as of January 31, 2010

  

Last Trade: $12.04 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Timothy M. Heaney

Fund Manager Tenure: 14.1 years
Fundmojo Fund Grade: C (Score: 0.59)     (What does this score mean?)

Heaney is a portfolio manager with Phoenix Duff & Phelps, his employer since 1992. Previously, he spent two years as a senior credit analyst with Connecticut National Bank. Heaney holds the Chartered Financial Analyst designation.  Get more insights on Timothy M. Heaney

  

 What we like about Virtus CA Tax-Exempt Bond A Fund (CTESX)

Data for Virtus CA Tax-Exempt Bond A Fund (CTESX) as of January 31, 2010

• Virtus CA Tax-Exempt Bond A Fund (CTESX) management has been with Virtus CA Tax-Exempt Bond A Fund for 14.1 years
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has good mid-term performance (3-year return 3.17% vs 1.89% Muni California Long category average)
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has good Long-term performance (5-year return 2.94% vs 2.63% Muni California Long category average)
• Virtus CA Tax-Exempt Bond A Fund (CTESX) ratio of up-years vs down years is greater than 2
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has an annual stock turnover rate of 8.00% vs Muni California Long average of 32.53%. It is good that Virtus CA Tax-Exempt Bond A management does not trade extensively for its return.
• Virtus CA Tax-Exempt Bond A Fund (CTESX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.27, lower than category average of 8.45
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has a lower management fee than its Muni California Long average: 0.85% vs 1.04%

  

 What we are cautious about Virtus CA Tax-Exempt Bond A Fund (CTESX)

Data for Virtus CA Tax-Exempt Bond A Fund (CTESX) as of January 31, 2010

• Virtus CA Tax-Exempt Bond A Fund is a focused fund with 35.48% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has a less-than-ideal short-term performance (1-year return 7.76% vs 12.39% Muni California Long category average)
• Virtus CA Tax-Exempt Bond A Fund (CTESX) has a Morningstar rating of 3 and below
• Virtus CA Tax-Exempt Bond A Fund (CTESX) is less safe compared to its Muni California Long peers
• Virtus CA Tax-Exempt Bond A Fund (CTESX) carries a 4.75% load

See Virtus CA Tax-Exempt Bond A Fund (CTESX) performance details as of January 31, 2010

  

  

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Virtus CA Tax-Exempt Bond A Fund (CTESX) Net Asset

Track net asset change of Virtus CA Tax-Exempt Bond A fund (CTESX)

Date	Net Asset
01/2010	$32.20M
11/2009	$32.35M
10/2009	$32.36M

More historic net asset information on Virtus CA Tax-Exempt Bond A Fund (CTESX)

  

Virtus CA Tax-Exempt Bond A Fund (CTESX) Portfolio Allocation

Track portfolio allocation change of Virtus CA Tax-Exempt Bond A fund (CTESX)

Date	Cash	Stock	Bond	Other
09/2009	2.27%	0%	97.73%	0%
06/2009	1.98%	0%	98.02%	0%
03/2009	1.7%	0%	98.3%	0%

Click here to see more historic asset allocation information on Virtus CA Tax-Exempt Bond A Fund (CTESX)

  

Most Recent Top 10 Holdings in Virtus CA Tax-Exempt Bond A Fund (CTESX)

Discover what Virtus CA Tax-Exempt Bond A Fund (CTESX) manager is buying

30-Sep-09 Riverside Cnty Calif Single Fa Sing 7.8% [9.58%] Huntington Pk Calif Redev Agy Single Fa [5.93%] M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [3.41%] Anaheim Calif Pub Fing Auth 6% [3.14%] Walnut Valley Calif Uni Sch Di G.O. Ref [2.81%] Pomona Calif Ctfs Partn Cops 5.5% [2.49%] Riverside Cnty Calif Single Fa Si 8.625% [2.28%] SSgA Instl Tax-Free Money Market [2.08%] Golden St Tob Securitization C To 5.125% [1.91%] California St Pub Wks Brd Leas Leas 5.5% [1.85%]

30-Jun-09 Riverside Cnty Calif Single Fa Sing 7.8% [9.45%] Huntington Pk Calif Redev Agy Single Fa [5.92%] M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [3.71%] Anaheim Calif Pub Fing Auth 6% [3.07%] Walnut Valley Calif Uni Sch Di G.O. Ref [2.86%] Pomona Calif Ctfs Partn Cops 5.5% [2.46%] Riverside Cnty Calif Single Fa Si 8.625% [2.33%] South Coast Air Quality Mgmt D Ref In 6% [1.93%] State Street Instl Tax-Free Money Market [1.91%] Butte-Glenn Cmnty College Dist 5.5% [1.86%]

31-Mar-09 Riverside Cnty Calif Single Fa Sing 7.8% [9.39%] Huntington Pk Calif Redev Agy Single Fa [5.91%] M-S-R Pub Pwr Agy Calif San Ju Pub 6.75% [3.71%] Anaheim Calif Pub Fing Auth 6% [3.05%] Walnut Valley Calif Uni Sch Di G.O. Ref [2.81%] Pomona Calif Ctfs Partn Cops 5.5% [2.39%] Riverside Cnty Calif Single Fa Si 8.625% [2.37%] South Coast Air Quality Mgmt D Ref In 6% [1.93%] Butte-Glenn Cmnty College Dist 5.5% [1.85%] San Jose Calif Fing Auth 5% [1.85%]

Click here for Stock Holding Change Map in Virtus CA Tax-Exempt Bond A Fund (CTESX)

  

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Latest News on Virtus CA Tax-Exempt Bond A (CTESX)

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See more information on Virtus CA Tax-Exempt Bond A Fund (CTESX)

• Virtus CA Tax-Exempt Bond A Fund Insights
• Virtus CA Tax-Exempt Bond A Fund Performance Data
• Virtus CA Tax-Exempt Bond A Fund News
• Virtus CA Tax-Exempt Bond A Fund Score Explaination
• Virtus CA Tax-Exempt Bond A Fund Manager Information
• Historic Virtus CA Tax-Exempt Bond A Fund Asset Allocation Report
• Historic Virtus CA Tax-Exempt Bond A Fund Top 10 Holding Tracking
• Historic Virtus CA Tax-Exempt Bond A Fund Asset Under Management Tracking