Virtus Newfleet CA Tax-Exempt Bond I
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
3.1%
3 Yr Avg Return
2.0%
5 Yr Avg Return
3.6%
Net Assets
$17.9 M
Holdings in Top 10
23.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CTXEX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVirtus Newfleet CA Tax-Exempt Bond Fund
-
Fund Family NameVirtus
-
Inception DateSep 29, 2006
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTimothy M. Heaney
Fund Description
CTXEX - Performance
Return Ranking - Trailing
Period | CTXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -2.8% | 8.1% | N/A |
1 Yr | 3.1% | -4.5% | 7.5% | N/A |
3 Yr | 2.0%* | -2.2% | 2.6% | N/A |
5 Yr | 3.6%* | -1.1% | 2.3% | N/A |
10 Yr | 4.8%* | -1.1% | 3.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | CTXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -7.2% | 11.0% | N/A |
2022 | N/A | -10.1% | 6.8% | N/A |
2021 | N/A | -4.9% | 0.0% | N/A |
2020 | N/A | -5.6% | 1.8% | N/A |
2019 | N/A | -34.8% | 15.6% | N/A |
Total Return Ranking - Trailing
Period | CTXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -2.8% | 8.1% | N/A |
1 Yr | 3.1% | -4.5% | 7.5% | N/A |
3 Yr | 2.0%* | -2.2% | 2.6% | N/A |
5 Yr | 3.6%* | -1.1% | 4.3% | N/A |
10 Yr | 4.8%* | -1.1% | 5.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | CTXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -7.2% | 11.0% | N/A |
2022 | N/A | -10.1% | 6.9% | N/A |
2021 | N/A | -4.9% | 1.0% | N/A |
2020 | N/A | -5.6% | 4.0% | N/A |
2019 | N/A | -34.8% | 16.3% | N/A |
CTXEX - Holdings
Concentration Analysis
CTXEX | Category Low | Category High | CTXEX % Rank | |
---|---|---|---|---|
Net Assets | 17.9 M | 6.42 M | 20.6 B | N/A |
Number of Holdings | 97 | 31 | 4231 | N/A |
Net Assets in Top 10 | 5.57 M | 261 K | 2.92 B | N/A |
Weighting of Top 10 | 23.37% | 2.5% | 57.1% | N/A |
Top 10 Holdings
- RIVERSIDE CNTY CALIF 7.8% 5.40%
- CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK 5.12% 2.70%
- CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK 5% 2.47%
- CALIFORNIA ST PUB WKS BRD 6.12% 2.12%
- ROSEVILLE CALIF NAT GAS FING AUTH GAS 5% 2.11%
- GROSSMONT CALIF HEALTHCARE DIST 5% 1.99%
- GARDEN GROVE CALIF AGY 5% 1.72%
- GOLDEN ST TOB SECURITIZATION CORP CALIF 5% 1.63%
- SAN DIEGO CALIF REGL BLDG AUTH 5% 1.62%
- ROSS VALLEY CALIF SCH DIST 5% 1.61%
Asset Allocation
Weighting | Return Low | Return High | CTXEX % Rank | |
---|---|---|---|---|
Bonds | 96.02% | -0.60% | 102.82% | N/A |
Cash | 3.98% | -2.82% | 92.17% | N/A |
Stocks | 0.00% | 0.00% | 0.24% | N/A |
Preferred Stocks | 0.00% | 0.00% | 0.00% | N/A |
Other | 0.00% | -2.39% | 8.43% | N/A |
Convertible Bonds | 0.00% | 0.00% | 0.00% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | CTXEX % Rank | |
---|---|---|---|---|
Municipal | 96.02% | 0.00% | 103.29% | N/A |
Cash & Equivalents | 3.98% | -2.82% | 92.17% | N/A |
Derivative | 0.00% | -0.20% | 0.00% | N/A |
Securitized | 0.00% | 0.00% | 0.00% | N/A |
Corporate | 0.00% | 0.00% | 4.72% | N/A |
Government | 0.00% | -12.23% | 5.93% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CTXEX % Rank | |
---|---|---|---|---|
US | 96.02% | -0.60% | 102.38% | N/A |
Non US | 0.00% | 0.00% | 22.38% | N/A |
CTXEX - Expenses
Operational Fees
CTXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.09% | 2.11% | N/A |
Management Fee | 0.45% | 0.08% | 1.30% | N/A |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.33% | N/A |
Sales Fees
CTXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 5.00% | N/A |
Trading Fees
CTXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
CTXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 6.00% | 3.00% | 293.00% | N/A |
CTXEX - Distributions
Dividend Yield Analysis
CTXEX | Category Low | Category High | CTXEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.02% | N/A |
Dividend Distribution Analysis
CTXEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
CTXEX | Category Low | Category High | CTXEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.00% | -0.21% | 4.62% | N/A |
Capital Gain Distribution Analysis
CTXEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Mar 29, 2019 | $0.032 | |
Feb 28, 2019 | $0.024 | |
Jan 31, 2019 | $0.025 | |
Dec 31, 2018 | $0.025 | |
Nov 30, 2018 | $0.030 | |
Oct 31, 2018 | $0.029 | |
Aug 31, 2018 | $0.032 | |
Jul 31, 2018 | $0.028 | |
Jun 29, 2018 | $0.029 | |
May 31, 2018 | $0.029 | |
Apr 30, 2018 | $0.028 | |
Mar 29, 2018 | $0.030 | |
Feb 28, 2018 | $0.027 | |
Jan 31, 2018 | $0.029 | |
Dec 29, 2017 | $0.031 | |
Nov 30, 2017 | $0.029 | |
Oct 31, 2017 | $0.029 | |
Sep 29, 2017 | $0.030 | |
Aug 31, 2017 | $0.030 | |
Jul 31, 2017 | $0.026 | |
Jun 30, 2017 | $0.032 | |
May 31, 2017 | $0.030 | |
Apr 28, 2017 | $0.028 | |
Mar 31, 2017 | $0.034 | |
Feb 28, 2017 | $0.032 | |
Jan 31, 2017 | $0.030 | |
Dec 30, 2016 | $0.034 | |
Nov 30, 2016 | $0.030 | |
Oct 31, 2016 | $0.030 | |
Sep 30, 2016 | $0.034 | |
Aug 31, 2016 | $0.032 | |
Jul 29, 2016 | $0.032 | |
Jun 30, 2016 | $0.032 | |
May 31, 2016 | $0.031 | |
Mar 31, 2016 | $0.032 | |
Feb 29, 2016 | $0.032 | |
Jan 29, 2016 | $0.029 | |
Dec 31, 2015 | $0.035 | |
Nov 30, 2015 | $0.031 | |
Oct 30, 2015 | $0.033 | |
Sep 30, 2015 | $0.034 | |
Aug 31, 2015 | $0.032 | |
Jul 31, 2015 | $0.036 | |
Jun 30, 2015 | $0.034 | |
May 29, 2015 | $0.034 | |
Apr 30, 2015 | $0.036 | |
Mar 31, 2015 | $0.035 | |
Feb 27, 2015 | $0.036 | |
Jan 30, 2015 | $0.038 | |
Dec 31, 2014 | $0.039 | |
Nov 28, 2014 | $0.036 | |
Oct 31, 2014 | $0.041 | |
Sep 30, 2014 | $0.037 | |
Aug 29, 2014 | $0.039 | |
Jul 31, 2014 | $0.038 | |
Jun 30, 2014 | $0.036 | |
May 30, 2014 | $0.038 | |
Apr 30, 2014 | $0.037 | |
Mar 31, 2014 | $0.035 | |
Feb 28, 2014 | $0.037 | |
Jan 31, 2014 | $0.038 | |
Dec 31, 2013 | $0.037 | |
Nov 29, 2013 | $0.038 | |
Oct 31, 2013 | $0.037 | |
Sep 30, 2013 | $0.035 | |
Aug 30, 2013 | $0.040 | |
Jul 31, 2013 | $0.037 | |
Jun 28, 2013 | $0.035 | |
May 31, 2013 | $0.040 | |
Apr 30, 2013 | $0.039 | |
Mar 28, 2013 | $0.039 | |
Feb 28, 2013 | $0.035 | |
Jan 31, 2013 | $0.037 | |
Dec 31, 2012 | $0.038 | |
Nov 30, 2012 | $0.043 | |
Oct 31, 2012 | $0.040 | |
Sep 28, 2012 | $0.035 | |
Aug 31, 2012 | $0.043 | |
Jul 31, 2012 | $0.042 | |
Jun 29, 2012 | $0.045 | |
May 31, 2012 | $0.044 | |
Apr 30, 2012 | $0.043 | |
Mar 30, 2012 | $0.046 | |
Feb 29, 2012 | $0.044 | |
Jan 31, 2012 | $0.041 | |
Dec 30, 2011 | $0.045 | |
Nov 30, 2011 | $0.042 | |
Oct 31, 2011 | $0.039 | |
Sep 30, 2011 | $0.045 | |
Aug 31, 2011 | $0.042 | |
Jul 29, 2011 | $0.042 | |
Jun 30, 2011 | $0.042 | |
May 31, 2011 | $0.041 | |
Apr 29, 2011 | $0.043 | |
Mar 31, 2011 | $0.042 | |
Feb 28, 2011 | $0.042 | |
Jan 31, 2011 | $0.039 | |
Dec 31, 2010 | $0.045 | |
Nov 30, 2010 | $0.042 | |
Oct 29, 2010 | $0.042 | |
Sep 30, 2010 | $0.042 | |
Aug 31, 2010 | $0.041 | |
Jul 30, 2010 | $0.043 | |
Jun 30, 2010 | $0.042 | |
May 28, 2010 | $0.039 | |
Apr 30, 2010 | $0.045 | |
Mar 31, 2010 | $0.042 | |
Feb 26, 2010 | $0.042 | |
Jan 29, 2010 | $0.038 | |
Dec 31, 2009 | $0.046 | |
Nov 30, 2009 | $0.041 | |
Oct 30, 2009 | $0.043 | |
Sep 30, 2009 | $0.042 | |
Jul 31, 2009 | $0.045 | |
Jun 30, 2009 | $0.045 | |
May 29, 2009 | $0.039 | |
Apr 30, 2009 | $0.042 | |
Mar 31, 2009 | $0.044 | |
Feb 27, 2009 | $0.042 | |
Jan 30, 2009 | $0.041 | |
Dec 31, 2008 | $0.045 | |
Nov 28, 2008 | $0.039 | |
Oct 31, 2008 | $0.042 |
CTXEX - Fund Manager Analysis
Managers
Timothy M. Heaney
Start Date
Tenure
Tenure Rank
Mar 01, 1996
23.1
23.1%
Timothy M. Heaney, CFA, is Senior Portfolio Manager—Municipal Securities at Newfleet (since 2011) and served as Senior Vice President and Portfolio Manager, Fixed Income of VIA (2008 to 2011). Previously, he was associated with Goodwin Capital Advisers, Inc. (2007 to 2008), formerly an affiliate of VIA, and was also Managing Director, Fixed Income (1997-2007), Director, Fixed Income Research (1996 to 1997) and Investment Analyst (1995 to 1996) of VIA. He served as Investment Analyst of Phoenix Life Insurance Company from 1992 until 1994. Mr. Heaney also manages DTF Tax-Free Income, Inc., a closed-end fund managed by Duff & Phelps Investment Management Co, an affiliate of Newfleet and VIA. Mr. Heaney holds a Chartered Financial Analyst designation and BS and MBA degrees from the University of Connecticut. Prior to joining the Virtus organization (formerly part of the Phoenix Companies) in 1992, Mr. Heaney was a credit analyst with Connecticut National Bank.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 39.77 | 9.01 | 1.5 |