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Morningstar

Virtus Seix Tax-Exempt Bond A HXBZX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 10.22  /  0.01 %
  • Total Assets 70.0 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.830%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.50%
  • Effective Duration 5.07 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 12:17 AM GMT+0

Morningstar’s Analysis HXBZX

Will HXBZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HXBZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HXBZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HXBZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Virtus Seix Tax-Exempt Bond A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings HXBZX

More HXBZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 98
  • Other Holdings 4
  • % Assets in Top 10 Holdings 31.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FLORIDA ST 5%

4.79
3,384,770
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5%

4.77
3,369,314
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

3.68
2,597,378
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.25%

3.44
2,431,544
municipal

SEMINOLE CNTY FLA SCH BRD CTFS PARTN 5%

2.91
2,058,003
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.902%

2.64
1,867,896
municipal

INDIANA FIN AUTH HOSP REV 5%

2.50
1,767,860
municipal

MIAMI-DADE CNTY FLA SCH BRD CTFS PARTN 5%

2.49
1,762,519
municipal

NORTHWEST TEX INDPT SCH DIST 5%

2.20
1,552,978
municipal

ILLINOIS ST 5%

1.87
1,324,143
municipal