|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni National Interm Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
7.10 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-06-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.48 |
|
|
| YTD Return % (2009-11-20) |
| 16.88% |
|
|
| Total Assets ($ mil) |
| 85 |
|
| Growth of $10,000 |
 |
Fund: |
Virtus Tax-Exempt Bond I |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni National Interm |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1996-02-26 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
16.88 |
16.60 |
4.52 |
4.36 |
6.26 |
5.46 |
| +/- Category |
6.95 |
5.52 |
1.10 |
1.22 |
1.68 |
--- |
| +/- BarCap Municipal TR USD |
4.74 |
4.93 |
0.27 |
0.00 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
20.29 |
20.40 |
5.87 |
5.03 |
6.41 |
5.71 |
| Month-End (as of 2009-10-31) |
17.05 |
17.93 |
4.68 |
4.26 |
6.26 |
5.46 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
17.93 |
4.53 |
4.09 |
6.17 |
--- |
| On Distribution & Sale of Shares |
--- |
13.40 |
4.61 |
4.26 |
6.09 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
|
--- |
|
| # of compared funds covered (3 yrs : out of 234 funds), (5 yrs : out of 209 funds), (10 yrs : out of 130 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
32.69 |
| Advance Refunded |
---
|
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
8.50 |
| Health |
5.10 |
| Housing |
0.02 |
| Industrial |
---
|
| Transportation |
3.11 |
| Utilities |
---
|
| Water/Sewer |
2.26 |
| Misc. Revenue |
48.31 |
|
| Bond Quality |
% of Bonds |
| AAA |
24.5 |
| AA |
36.9 |
| A |
24.1 |
| BBB |
13.4 |
| BB |
0.0 |
| B |
1.2 |
| Below B |
0.0 |
| Not Rated |
0.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
2.5 |
 |
Stocks |
0.0 |
|
Bonds |
97.0 |
 |
Other |
0.6 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-06-30 |
Data through 2009-06-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
111 |
| Total Number of Bond Holdings |
60 |
|
30 Day SEC Yield % |
4.48 |
| % of Assets in Top 10 Holdings |
34.68 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
New York N Y City Mun Wtr Fin Rev 5.75% |
2040-06-15 |
5,590 |
5,951 |
7.03 |
|
Kendall Cnty Ill Fst Presv Dis Go 5.25% |
2023-01-01 |
4,000 |
4,247 |
5.02 |
|
Metropolitan Transn Auth 6.25% |
2023-11-15 |
3,000 |
3,301 |
3.90 |
|
Harris Cnty Tex Health Facs De Hos 7.25% |
2035-12-01 |
2,450 |
2,613 |
3.09 |
|
Michigan St Strategic Fd Ltd O Rev 5.25% |
2023-10-15 |
2,250 |
2,398 |
2.83 |
|
 |
 |
Detroit Mich Sew Disp Rev Rev Ref B 7.5% |
2033-07-01 |
2,000 |
2,326 |
2.75 |
|
Forney Tex Indpt Sch Dist 6% |
2037-08-15 |
2,000 |
2,165 |
2.56 |
|
Massachusetts St Health & Edl Rev B 5.5% |
2036-11-15 |
2,000 |
2,147 |
2.54 |
|
Metropolitan St Louis Mo Swr D Rev 5.75% |
2038-05-01 |
2,000 |
2,123 |
2.51 |
|
PUERTO RICO SALES TAX FING COR REV BDS |
2044-08-01 |
2,000 |
2,070 |
2.45 |
|
|
 |
Data through 2009-06-30 |
|
|
| Fund Inception: 1996-02-26 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
George W. Selby (1998-01-01) |
|
|
|
Selby serves as principal and portfolio manager with Harris Investment Management, his employer since September 1998. Previously, he served as executive director of municipal bond sales for a brokerage firm.
Selby is a Certified Public Accountant. |
|
|
|
|
|
Laura D. Alter (2006-05-18) |
|
|
|
Alter serves as senior partner and portfolio manager with Harris Investment Management, her employer since September 1994. Previously, she was a vice president and portfolio manager with Van Kampen Merritt Investment Advisory Corporation from August 1987 to September 1994. Prior to that, she was a research associate with the Federal Reserve Bank of Chicago. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-05-01) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.60 |
based on net assets
(taken from annual report dated 2008-12-31)
|
|
| Correspondence Information |
101 Munson Street
Greenfield,
MA
03301
USA |
|
|
|
|
|
