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 features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Newfleet Tax-Exempt Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Newfleet Tax-Exempt Bond Fund had a return of 0.46% year-to-date (YTD) and 2.25% in the last 12 months. Over the past 10 years, Virtus Newfleet Tax-Exempt Bond Fund had an annualized return of 1.61%, while the S&P 500 had an annualized return of 11.29%, indicating that Virtus Newfleet Tax-Exempt Bond Fund did not perform as well as the benchmark.
HXBIX
0.46%
0.76%
0.63%
2.25%
0.32%
1.61%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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% | 0.46% | |||||||||||
| 2024 | -0.14% | 0.37% | 0.05% | -1.03% | -0.32% | 0.99% | 0.88% | 0.76% | 0.82% | -1.30% | 1.32% | -0.92% | 1.44% |
| 2023 | 2.40% | -1.99% | 1.94% | -0.17% | -0.82% | 0.75% | 0.23% | -0.93% | -2.02% | -0.77% | 4.24% | 2.22% | 4.98% |
| 2022 | -2.48% | -0.64% | -2.54% | -2.52% | 1.27% | -1.33% | 2.16% | -1.98% | -2.89% | -0.38% | 3.17% | 0.36% | -7.75% |
| 2021 | 0.52% | -1.30% | 0.55% | 0.73% | 0.36% | 0.27% | 0.63% | -0.26% | -0.78% | -0.08% | 0.54% | -0.24% | 0.92% |
| 2020 | 1.62% | 1.15% | -3.43% | -1.32% | 2.74% | 0.73% | 1.62% | -0.25% | 0.11% | -0.15% | 1.06% | -0.13% | 3.66% |
| 2019 | 0.70% | 0.50% | 1.42% | 0.32% | 1.32% | 0.38% | 0.66% | 1.47% | -0.68% | 0.12% | 0.12% | 0.30% | 6.82% |
| 2018 | -0.90% | -0.40% | 0.36% | -0.39% | 0.99% | 0.06% | 0.16% | 0.09% | -0.60% | -0.66% | 1.08% | 0.40% | 0.16% |
| 2017 | 0.69% | 0.51% | 0.26% | 0.67% | 1.32% | -0.26% | 0.69% | 0.72% | -0.53% | 0.09% | -0.44% | 0.46% | 4.25% |
| 2016 | 1.18% | 0.16% | 0.16% | 0.59% | 0.06% | 1.20% | 0.07% | 0.05% | -0.29% | -0.74% | -3.36% | 0.69% | -0.32% |
| 2015 | 1.72% | -1.06% | 0.23% | -0.38% | -0.38% | -0.04% | 0.50% | 0.23% | 0.67% | 0.42% | 0.15% | 0.53% | 2.59% |
| 2014 | 1.85% | 1.01% | -0.00% | 1.26% | 1.24% | -0.01% | 0.25% | 1.22% | 0.06% | 0.67% | 0.15% | 0.32% | 8.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HXBIX is 34, 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.
Dividends
Dividend History
Virtus Newfleet Tax-Exempt Bond Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.30 | $0.26 | $0.26 | $0.27 | $0.30 | $0.33 | $0.35 | $0.32 | $0.32 | $0.35 |
Dividend yield | 3.21% | 3.19% | 2.85% | 2.58% | 2.25% | 2.35% | 2.60% | 2.98% | 3.09% | 2.89% | 2.81% | 3.02% |
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 | $0.00 | $0.03 | ||||||||||
| 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 | $0.02 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 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 | $0.02 | $0.33 |
| 2017 | $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 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.32 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 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.
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 14.03%, occurring on Oct 17, 2008. Recovery took 128 trading sessions.
The current Virtus Newfleet Tax-Exempt Bond Fund drawdown is 2.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.03% | Jan 24, 2008 | 186 | Oct 17, 2008 | 128 | Apr 23, 2009 | 314 |
| -12.1% | 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 current Virtus Newfleet Tax-Exempt Bond Fund volatility is 0.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.