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Fund Intelligence | Best Managers | HXBIX Insights | HXBIX Score | HXBIX Performance | HXBIX Manager | HXBIX News | HXBIX Allocation | HXBIX Holdings Change

Mutual Fund Insights: Virtus Tax-Exempt Bond I Fund (HXBIX)

In-depth Analysis of Virtus Tax-Exempt Bond I Fund (HXBIX)

Mutual fund chart: Virtus Tax-Exempt Bond I Fund (HXBIX)

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See Virtus Tax-Exempt Bond I Fund (HXBIX) performance details as of January 31, 2010

  

    Last Trade: $10.65 on 3/17/2010, Change: 0.00 (0%)

  

Fund Manager - George W. Selby

Fund Manager Tenure: 12.2 years   [Similar Funds: HXBZX ]
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)
Selby serves as principal and portfolio manager with Harris Investment Management, his employer since September 1998. Previously, he served as executive director of municipal bond sales for a brokerage firm. Selby is a Certified Public Accountant.  Get more insights on George W. Selby

  

What we like about Virtus Tax-Exempt Bond I Fund (HXBIX) What we like about Virtus Tax-Exempt Bond I Fund (HXBIX)

Data for Virtus Tax-Exempt Bond I Fund (HXBIX) as of January 31, 2010

  • Virtus Tax-Exempt Bond I Fund (HXBIX) management has been with Virtus Tax-Exempt Bond I Fund for 12.2 years
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has good short-term performance (1-year return 14.48% vs 7.83% Muni National Interm category average)
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has good mid-term performance (3-year return 5.14% vs 4.03% Muni National Interm category average)
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has good Long-term performance (5-year return 4.33% vs 3.40% Muni National Interm category average)
  • Virtus Tax-Exempt Bond I Fund (HXBIX) ratio of up-years vs down years is greater than 2
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has a Morningstar rating of 4 and above
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has a lower management fee than its Muni National Interm average: 0.60% vs 0.90%
  • Virtus Tax-Exempt Bond I Fund (HXBIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about Virtus Tax-Exempt Bond I Fund (HXBIX) What we are cautious about Virtus Tax-Exempt Bond I Fund (HXBIX)

Data for Virtus Tax-Exempt Bond I Fund (HXBIX) as of January 31, 2010

  • Virtus Tax-Exempt Bond I Fund is a focused fund with 36.62% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Virtus Tax-Exempt Bond I Fund (HXBIX) is less safe compared to its Muni National Interm peers
  • Virtus Tax-Exempt Bond I Fund (HXBIX) has an annual stock turnover rate of 111.00% that is higher than the Muni National Interm average of 37.44%. This could mean Virtus Tax-Exempt Bond I is more nimble, but also signal potential high tax impact and high trading fees
  • Virtus Tax-Exempt Bond I Fund (HXBIX) is more volatile than its peers as it has a 3-year Standard Deviation of 7.6 that is higher than category average of 5.4
See Virtus Tax-Exempt Bond I Fund (HXBIX) performance details as of January 31, 2010

  

  

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Virtus Tax-Exempt Bond I Fund (HXBIX) Net Asset

Track net asset change of Virtus Tax-Exempt Bond I fund (HXBIX)

DateNet Asset
01/2010$26.93M
11/2009$24.86M
10/2009$25.59M
More historic net asset information on Virtus Tax-Exempt Bond I Fund (HXBIX)

  

Virtus Tax-Exempt Bond I Fund (HXBIX) Portfolio Allocation

Track portfolio allocation change of Virtus Tax-Exempt Bond I fund (HXBIX)

DateCashStockBondOther
09/20092.5%0%97.42%0.08%
06/20092.47%0%96.97%0.56%
03/20094.13%0%94.63%1.24%
Click here to see more historic asset allocation information on Virtus Tax-Exempt Bond I Fund (HXBIX)

  

Most Recent Top 10 Holdings in Virtus Tax-Exempt Bond I Fund (HXBIX)

Discover what Virtus Tax-Exempt Bond I Fund (HXBIX) manager is buying

30-Sep-09
New York N Y City Mun Wtr Fin Rev 5.75% [7.77%]
Metropolitan Transn Auth 6.25% [4.35%]
Metropolitan Wash D C Arpts Au Rev Bds [3.55%]
Harris Cnty Tex Health Facs De Hos 7.25% [3.41%]
Detroit Mich Sew Disp Rev Rev Ref B 7.5% [3.13%]
Jefferson Cnty Ala Ltd Obl S Schoo 5.25% [3.11%]
Michigan St Strategic Fd Ltd O Rev 5.25% [2.91%]
Metropolitan St Louis Mo Swr D Rev 5.75% [2.82%]
Massachusetts St Health & Edl Rev B 5.5% [2.79%]
Forney Tex Indpt Sch Dist 6% [2.78%]

30-Jun-09
New York N Y City Mun Wtr Fin Rev 5.75% [7.03%]
Kendall Cnty Ill Fst Presv Dis Go 5.25% [5.02%]
Metropolitan Transn Auth 6.25% [3.9%]
Harris Cnty Tex Health Facs De Hos 7.25% [3.09%]
Michigan St Strategic Fd Ltd O Rev 5.25% [2.83%]
Detroit Mich Sew Disp Rev Rev Ref B 7.5% [2.75%]
Forney Tex Indpt Sch Dist 6% [2.56%]
Massachusetts St Health & Edl Rev B 5.5% [2.54%]
Metropolitan St Louis Mo Swr D Rev 5.75% [2.51%]
PUERTO RICO SALES TAX FING COR REV BDS [2.45%]

31-Mar-09
New York N Y City Mun Wtr Fin Rev 5.75% [6.77%]
Kendall Cnty Ill Fst Presv Dis Go 5.25% [4.86%]
Metropolitan Transn Auth 6.25% [3.76%]
HARRIS CNTY TEX HEALTH FACS DE HOSP REV [2.95%]
Lincoln Cnty Wyo Pollutn Ctl R Pollutn C [2.88%]
Michigan St Hosp Fin Auth 5.375% [2.8%]
Michigan St Strategic Fd Ltd O Rev 5.25% [2.75%]
Forney Tex Indpt Sch Dist 6% [2.47%]
Massachusetts St Health & Edl Rev B 5.5% [2.44%]
Michigan St Grant Ant 5.25% [2.42%]
Click here for Stock Holding Change Map in Virtus Tax-Exempt Bond I Fund (HXBIX)

  

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