Sector Allocation - HXBIX
as of 05/31/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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HXBIX:NASDAQ
Virtus Tax-Exempt Bond Fund Class Institutional – HXBIX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 11.28 | -0.01 (-0.09%) | 11.28 - 11.83 | 0.0 |
Market data as of 6:05PM 06/18/13. Quotes are delayed by at least 15 min.
Overview - HXBIX
The investment seeks to provide a high level of current income that is exempt from federal income tax. The fund seeks to generate high current income exempt from federal income tax by investing in a diversified portfolio of municipal bonds with varying maturities. The management team focuses on high quality tax-exempt municipal bonds, gauging the value of a security by issue type, credit quality, and bond structure. Under normal circumstances, as a matter of fundamental policy, it invests at least 80% of its assets in municipal bonds, the income from which is exempt from federal income tax.
Growth of $10,000 (10 Years)
| Total Return | 5.58% |
|---|---|
| Yield (Trailing 12 Mo.) | 2.68% |
| Expense Ratio | 0.79% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $100,000 |
| Management Tenure | 1 Years |
| Fund Inception | 02/26/1996 |
Trailing Total Returns - HXBIX
as of 05/31/2013
| Timeframe | HXBIX | S&P 500 | Muni National Interm |
|---|---|---|---|
| 1 Month | -1.59% | 2.34% | -1.31% |
| 3 Month | -0.93% | 8.22% | -0.81% |
| Year-to-Date | -0.52% | 15.37% | -0.13% |
| 1 Year | 2.58% | 27.28% | 2.32% |
| 3 Year | 5.62% | 16.87% | 4.62% |
| 5 Year | 6.21% | 5.43% | 4.79% |
| 10 Year | 4.69% | 7.58% | 3.69% |
| Since Inception | 5.58% | 10.42% | -- |
Asset Allocation - HXBIX
as of 05/31/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 95.07 | 95.07 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 95.07 | 95.07 | ||
| Cash | -- | 4.93 | 4.93 | ||
| Total Net Assets | $336.51M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 161 |
Bond Credit Quality - HXBIX
as of 05/31/2013
| AAA | 27.68% | |
|---|---|---|
| AA | 38.18% | |
| A | 29.69% | |
| BBB | 1.70% |
| BB | 1.28% | |
|---|---|---|
| B | 1.16% | |
| Below B | 0.00% | |
| Not Rated | 0.31% |
Top Ten Holdings - HXBIX
as of 05/31/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| New York N Y City Mun Wtr Fin Rev 5.75% | -- | 2.16% |
| Maryland St Go Bds 5% | -- | 1.81% |
| Georgia St Go Bds 5% | -- | 1.77% |
| Washington St Var Purp 5% | -- | 1.75% |
| East Bay Calif Mun Util Dist 5% | -- | 1.74% |
| New Jersey Econ Dev Auth 5% | -- | 1.66% |
| Missouri St Hwys & Trans Commn Sr Lie 5% | -- | 1.60% |
| Miami-Dade Cnty Fla Expwy Auth 5% | -- | 1.58% |
| Detroit Mich Wtr Sply Sys Re Rev Bds 5% | -- | 1.41% |
| Kansas St Dept Transn Hwy Rev Ref Rev B | -- | 1.40% |
Valuation & Growth - HXBIX
as of 05/31/2013
| Valuation | HXBIX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - HXBIX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | High | |
| Return | Above Avg |
Key: Lo Hi
Tax Analysis - HXBIX, 3 Year Avg
| Pretax Return | 5.62% |
|---|---|
| Tax-adjusted Return | 5.62% |
| Tax Cost Ratio | 0.00% |
| Potential Cap Gains | 5.23% |
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