Virtus Newfleet Tax-Exempt Bond Fund (HXBIX)
The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with municipal bonds of varying maturities. The management team focuses on higher 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 taxes.
Fund Info
US92828W2888
92828W288
Feb 22, 1996
$100,000
Expense Ratio
HXBIX has an expense ratio of 0.60%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) returned -0.80% year-to-date (YTD) and 1.99% over the past 12 months. Over the past 10 years, HXBIX returned 1.56% annually, underperforming the S&P 500 benchmark at 10.84%.
HXBIX
-0.80%
0.25%
-1.37%
1.99%
1.62%
0.49%
1.56%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of HXBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.56% | 0.81% | -1.61% | -0.34% | -0.20% | -0.80% | |||||||
| 2024 | -0.14% | 0.37% | 0.05% | -1.03% | -0.33% | 0.99% | 0.87% | 0.76% | 0.81% | -1.30% | 1.33% | -0.92% | 1.43% |
| 2023 | 2.40% | -1.99% | 1.94% | -0.17% | -0.83% | 0.74% | 0.23% | -0.93% | -2.02% | -0.76% | 4.24% | 2.22% | 4.97% |
| 2022 | -2.48% | -0.64% | -2.55% | -2.52% | 1.27% | -1.33% | 2.16% | -1.98% | -2.90% | -0.38% | 3.17% | 0.36% | -7.76% |
| 2021 | 0.52% | -1.30% | 0.55% | 0.73% | 0.36% | 0.27% | 0.63% | -0.26% | -0.78% | -0.08% | 0.54% | 0.11% | 1.27% |
| 2020 | 1.63% | 1.14% | -3.43% | -1.33% | 2.75% | 0.72% | 1.62% | -0.25% | 0.10% | -0.15% | 1.06% | 0.66% | 4.49% |
| 2019 | 0.69% | 0.49% | 1.42% | 0.31% | 1.32% | 0.38% | 0.44% | 1.24% | -0.87% | -0.09% | -0.09% | 0.09% | 5.46% |
| 2018 | -0.91% | -0.40% | 0.36% | -0.39% | 0.99% | 0.07% | 0.16% | 0.09% | -0.60% | -0.67% | 1.09% | 0.81% | 0.59% |
| 2017 | 0.69% | 0.51% | 0.26% | 0.67% | 1.32% | -0.26% | 0.69% | 0.72% | -0.52% | 0.09% | -0.44% | 0.62% | 4.42% |
| 2016 | 1.18% | 0.16% | 0.16% | 0.59% | 0.06% | 1.20% | 0.07% | 0.05% | -0.29% | -0.74% | -3.36% | 0.62% | -0.39% |
| 2015 | 1.72% | -1.06% | 0.23% | -0.38% | -0.39% | -0.03% | 0.50% | 0.23% | 0.67% | 0.42% | 0.15% | 0.61% | 2.67% |
| 2014 | 1.85% | 1.01% | -0.00% | 1.26% | 1.24% | -0.01% | 0.25% | 1.22% | 0.06% | 0.68% | 0.15% | 0.33% | 8.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HXBIX is 32, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Newfleet Tax-Exempt Bond Fund (HXBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Virtus Newfleet Tax-Exempt Bond Fund provided a 3.02% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.33 | $0.30 | $0.26 | $0.30 | $0.36 | $0.30 | $0.39 | $0.40 | $0.34 | $0.33 | $0.35 |
Dividend yield | 3.02% | 3.19% | 2.85% | 2.58% | 2.61% | 3.15% | 2.60% | 3.61% | 3.53% | 3.05% | 2.89% | 3.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Newfleet Tax-Exempt Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.02 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.03 | $0.05 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.30 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 | $0.36 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.09 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.34 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Newfleet Tax-Exempt Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Newfleet Tax-Exempt Bond Fund was 13.93%, occurring on Oct 17, 2008. Recovery took 128 trading sessions.
The current Virtus Newfleet Tax-Exempt Bond Fund drawdown is 3.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.93% | Jan 24, 2008 | 186 | Oct 17, 2008 | 128 | Apr 23, 2009 | 314 |
| -11.8% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.56% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -7.9% | Oct 13, 2010 | 66 | Jan 14, 2011 | 137 | Aug 2, 2011 | 203 |
| -7.38% | Dec 10, 2012 | 186 | Sep 5, 2013 | 174 | May 15, 2014 | 360 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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