Virtus Seix High Grade Municipal Bond Fund (SFLTX)
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade municipal securities, including securities subject to the U.S. federal alternative minimum tax, with income exempt from regular U.S. federal income tax. It may invest its remaining assets in cash, cash equivalents and certain taxable debt instruments.
Fund Info
US92837F6319
92837F631
Jan 17, 1994
$2,500
Expense Ratio
SFLTX features an expense ratio of 0.74%, 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 Seix High Grade Municipal 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 Seix High Grade Municipal Bond Fund had a return of 0.34% year-to-date (YTD) and 0.68% in the last 12 months. Over the past 10 years, Virtus Seix High Grade Municipal Bond Fund had an annualized return of 0.93%, while the S&P 500 had an annualized return of 11.26%, indicating that Virtus Seix High Grade Municipal Bond Fund did not perform as well as the benchmark.
SFLTX
0.34%
0.70%
-0.06%
0.68%
-0.45%
0.93%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SFLTX, 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 | 0.34% | 0.34% | |||||||||||
| 2024 | -0.23% | -0.05% | -0.30% | -1.12% | -0.39% | 1.19% | 0.81% | 0.69% | 0.83% | -1.73% | 1.59% | -1.29% | -0.06% |
| 2023 | 2.94% | -1.86% | 1.79% | 0.11% | -0.77% | 0.88% | 0.30% | -1.30% | -2.42% | -1.17% | 5.66% | 2.50% | 6.54% |
| 2022 | -2.87% | -0.59% | -3.22% | -2.71% | 1.66% | -1.94% | 2.98% | -2.59% | -3.57% | -0.31% | 4.37% | -0.25% | -9.02% |
| 2021 | 0.39% | -2.09% | 0.49% | 0.97% | 0.31% | -0.09% | 0.88% | -0.41% | -0.89% | -0.32% | 0.82% | -1.05% | -1.03% |
| 2020 | 2.11% | 1.31% | -2.97% | -0.99% | 4.28% | 0.01% | 1.55% | -0.64% | -0.09% | -0.40% | 1.84% | -1.75% | 4.14% |
| 2019 | 0.63% | 0.51% | 1.63% | 0.50% | 1.43% | 0.38% | 0.80% | 2.03% | -0.85% | -0.03% | 0.12% | -1.67% | 5.56% |
| 2018 | -1.55% | -0.49% | 0.58% | -0.38% | 1.16% | -0.63% | 0.04% | 0.16% | -0.66% | -0.81% | 1.20% | 1.35% | -0.07% |
| 2017 | 0.52% | 0.51% | 0.18% | 0.53% | 1.65% | -0.21% | 0.64% | 0.80% | -0.38% | -0.14% | -0.15% | 1.24% | 5.29% |
| 2016 | 0.90% | 0.01% | 0.57% | 0.81% | 0.47% | 1.92% | -0.46% | 0.30% | -0.55% | -1.11% | -3.71% | -2.33% | -3.27% |
| 2015 | 2.14% | -1.67% | 0.41% | -0.79% | -0.25% | -0.16% | 0.84% | 0.18% | 0.60% | 0.25% | 0.58% | -0.08% | 2.04% |
| 2014 | 2.08% | 1.02% | 0.65% | 1.31% | 1.31% | -0.06% | 0.37% | 1.54% | 0.21% | 0.78% | 0.05% | -0.36% | 9.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SFLTX is 10, meaning it’s performing worse than 90% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Seix High Grade Municipal Bond Fund (SFLTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Seix High Grade Municipal Bond Fund provided a 2.77% dividend yield over the last twelve months, with an annual payout of $0.30 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 | $0.30 | $0.30 | $0.29 | $0.18 | $0.11 | $0.13 | $0.21 | $0.31 | $0.28 | $0.24 | $0.26 | $0.31 |
Dividend yield | 2.77% | 2.74% | 2.56% | 1.67% | 0.93% | 1.03% | 1.78% | 2.64% | 2.33% | 2.08% | 2.09% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Seix High Grade Municipal 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 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2015 | $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 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
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 Seix High Grade Municipal 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 Seix High Grade Municipal Bond Fund was 15.67%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Virtus Seix High Grade Municipal Bond Fund drawdown is 5.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.67% | Dec 31, 2020 | 458 | Oct 25, 2022 | — | — | — |
| -10.7% | Mar 10, 2020 | 9 | Mar 20, 2020 | 78 | Jul 13, 2020 | 87 |
| -10.48% | Sep 12, 2008 | 25 | Oct 16, 2008 | 125 | Apr 17, 2009 | 150 |
| -9.07% | Jul 7, 2016 | 114 | Dec 15, 2016 | 595 | May 1, 2019 | 709 |
| -8.98% | Dec 11, 2012 | 185 | Sep 5, 2013 | 225 | Jul 29, 2014 | 410 |
Volatility
Volatility Chart
The current Virtus Seix High Grade Municipal Bond Fund volatility is 0.98%, 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.