VIRTUS TACTICAL ALLOCATION FUND
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.6%
1 yr return
26.1%
3 Yr Avg Return
0.9%
5 Yr Avg Return
8.3%
Net Assets
$664 M
Holdings in Top 10
23.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NAINX - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.30%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameVIRTUS TACTICAL ALLOCATION FUND
-
Fund Family NameVirtus Funds
-
Inception DateOct 20, 2020
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
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ManagerDavid Albrycht
Fund Description
Diversified across equity and fixed income securities, the fund’s tactical allocation approach seeks to generate a combination of capital appreciation and income. For the fund’s U.S. equity allocation, the subadviser invests in a select group of large market capitalization growth companies believed by the fund’s subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk, and to be able to grow over market cycles. For the fund’s non-U.S. equity exposure, the subadviser’s investment strategy emphasizes companies that the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles.. For the fixed income allocation, the subadviser employs a time-tested approach of active sector rotation, extensive credit research, and disciplined risk management designed to capitalize on opportunities across the fixed income markets.
The fund invests in U.S. equity, non-U.S. equity and fixed income securities using a tactical allocation approach. Generally, the following percentages apply: 25% to 60% invested in U.S. equity securities, 5% to 30% invested in non-U.S. equity securities and 35% to 60% invested in fixed income securities. The equity allocation is invested in common, preferred, and ADR securities. The fixed income allocation may be invested in all sectors of fixed income securities, including high-yield (“junk bonds”), bank loans (which are generally floating rate), mortgage-backed and asset-backed, government, corporate, and municipal debt obligations. Normally, the fund’s fixed income allocation has a dollar-weighted average duration of between two and eight years. The fund may invest in both U.S. and foreign (non-U.S.) securities, including those of issuers in emerging market countries, and may invest in issuers of any size. Allocation percentages are measured at time of purchase.
Generally, the fund’s U.S. equity investments are in large market capitalization companies. As of the date of this Prospectus, the fund’s subadviser considers large market capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations within the range of the Russell 1000® Index on a rolling three-year basis. On this basis, as of September 30, 2023, the market capitalization range of companies included in the Russell 1000® Index was $67.5 million to $3.09 trillion. The fund’s non-U.S. equity investments are principally in small- and mid-capitalization companies. As of the date of this Prospectus, the fund’s equity subadviser considers small- and mid-capitalization companies to be those companies that, at the time of initial purchase, have market capitalizations generally within the range of companies included in the MSCI All Country World ex USA SMID Cap Index on a rolling three-year basis. On this basis, as of September 30, 2023, the total market capitalization range of companies included in the MSCI All Country World ex USA SMID Cap Index over the past three years was $0 to $40.4 billion.
NAINX - Performance
Return Ranking - Trailing
Period | NAINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.6% | -0.9% | 26.1% | 3.36% |
1 Yr | 26.1% | -5.9% | 45.8% | 2.24% |
3 Yr | 0.9%* | -5.8% | 8.6% | 90.68% |
5 Yr | 8.3%* | -4.1% | 15.9% | 24.21% |
10 Yr | 6.2%* | 0.7% | 10.9% | 48.70% |
* Annualized
Return Ranking - Calendar
Period | NAINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.0% | -12.2% | 23.9% | 1.26% |
2022 | -33.3% | -34.7% | 2.8% | 98.58% |
2021 | -0.9% | -11.9% | 18.1% | 87.61% |
2020 | 28.7% | -20.9% | 39.7% | 0.62% |
2019 | 25.6% | 0.8% | 25.7% | 0.32% |
Total Return Ranking - Trailing
Period | NAINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.6% | -0.9% | 26.1% | 3.36% |
1 Yr | 26.1% | -5.9% | 45.8% | 2.24% |
3 Yr | 0.9%* | -5.8% | 8.6% | 90.68% |
5 Yr | 8.3%* | -4.1% | 15.9% | 24.21% |
10 Yr | 6.2%* | 0.7% | 10.9% | 48.70% |
* Annualized
Total Return Ranking - Calendar
Period | NAINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.4% | -12.2% | 26.8% | 1.40% |
2022 | -28.4% | -29.0% | 10.9% | 99.86% |
2021 | 6.6% | -3.0% | 24.2% | 95.28% |
2020 | 31.5% | -19.5% | 40.6% | 0.62% |
2019 | 28.5% | 4.4% | 32.7% | 1.27% |
NAV & Total Return History
NAINX - Holdings
Concentration Analysis
NAINX | Category Low | Category High | NAINX % Rank | |
---|---|---|---|---|
Net Assets | 664 M | 733 K | 195 B | 61.71% |
Number of Holdings | 549 | 2 | 15716 | 22.47% |
Net Assets in Top 10 | 147 M | 618 K | 62.8 B | 68.24% |
Weighting of Top 10 | 23.09% | 11.4% | 118.9% | 84.88% |
Top 10 Holdings
- NVIDIA Corp 4.77%
- Visa Inc 3.23%
- Amazon.com Inc 2.88%
- Amphenol Corp 2.12%
- Zoetis Inc 1.84%
- Fair Isaac Corp 1.82%
- Workday Inc 1.70%
- Meta Platforms Inc 1.69%
- Marriott International Inc/MD 1.52%
- Uber Technologies Inc 1.52%
Asset Allocation
Weighting | Return Low | Return High | NAINX % Rank | |
---|---|---|---|---|
Stocks | 67.01% | 0.00% | 103.09% | 51.46% |
Bonds | 25.34% | 0.00% | 77.27% | 43.55% |
Other | 5.62% | -41.62% | 117.44% | 3.61% |
Cash | 2.00% | -10.21% | 100.00% | 41.33% |
Preferred Stocks | 0.03% | 0.00% | 23.88% | 22.19% |
Convertible Bonds | 0.00% | 0.00% | 23.84% | 99.02% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NAINX % Rank | |
---|---|---|---|---|
Technology | 36.80% | 0.00% | 44.21% | 1.54% |
Consumer Cyclical | 19.36% | 0.00% | 19.36% | 0.56% |
Financial Services | 12.25% | 0.00% | 38.77% | 82.21% |
Communication Services | 8.19% | 0.00% | 38.10% | 32.21% |
Industrials | 7.88% | 0.00% | 24.37% | 85.85% |
Consumer Defense | 6.13% | 0.00% | 15.14% | 71.57% |
Healthcare | 6.09% | 0.00% | 29.35% | 92.72% |
Real Estate | 1.40% | 0.00% | 65.01% | 86.27% |
Basic Materials | 1.26% | 0.00% | 33.35% | 90.76% |
Energy | 0.63% | 0.00% | 85.65% | 91.04% |
Utilities | 0.00% | 0.00% | 99.55% | 99.58% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NAINX % Rank | |
---|---|---|---|---|
US | 52.55% | 0.00% | 103.09% | 77.81% |
Non US | 14.46% | 0.00% | 38.68% | 4.58% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NAINX % Rank | |
---|---|---|---|---|
Corporate | 39.12% | 0.00% | 98.21% | 32.96% |
Securitized | 35.21% | 0.00% | 92.13% | 6.98% |
Government | 14.89% | 0.00% | 97.26% | 75.84% |
Municipal | 2.13% | 0.00% | 24.80% | 7.96% |
Cash & Equivalents | 0.15% | 0.00% | 100.00% | 71.84% |
Derivative | 0.00% | -3.07% | 46.02% | 78.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NAINX % Rank | |
---|---|---|---|---|
US | 25.34% | 0.00% | 77.27% | 42.16% |
Non US | 0.00% | 0.00% | 14.17% | 94.45% |
NAINX - Expenses
Operational Fees
NAINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.07% | 0.03% | 17.63% | 45.79% |
Management Fee | 0.55% | 0.00% | 1.83% | 65.98% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.26% |
Administrative Fee | 0.10% | 0.01% | 0.83% | 57.07% |
Sales Fees
NAINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.50% | 2.25% | 5.75% | 57.39% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
NAINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
NAINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 343.00% | 52.94% |
NAINX - Distributions
Dividend Yield Analysis
NAINX | Category Low | Category High | NAINX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.90% | 0.00% | 15.61% | 60.06% |
Dividend Distribution Analysis
NAINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
NAINX | Category Low | Category High | NAINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.30% | -2.34% | 19.41% | 87.17% |
Capital Gain Distribution Analysis
NAINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 21, 2024 | $0.020 | OrdinaryDividend |
Dec 21, 2023 | $0.130 | OrdinaryDividend |
Sep 21, 2023 | $0.032 | OrdinaryDividend |
Jun 22, 2023 | $0.028 | OrdinaryDividend |
Mar 16, 2023 | $0.012 | OrdinaryDividend |
Dec 22, 2022 | $0.628 | OrdinaryDividend |
Sep 22, 2022 | $0.008 | OrdinaryDividend |
Jun 16, 2022 | $0.002 | OrdinaryDividend |
Mar 17, 2022 | $0.003 | OrdinaryDividend |
Sep 22, 2021 | $0.004 | OrdinaryDividend |
Jun 22, 2021 | $0.013 | OrdinaryDividend |
Mar 23, 2021 | $0.004 | OrdinaryDividend |
Sep 22, 2020 | $0.009 | OrdinaryDividend |
Jun 22, 2020 | $0.015 | OrdinaryDividend |
Mar 23, 2020 | $0.020 | OrdinaryDividend |
Sep 20, 2019 | $0.015 | OrdinaryDividend |
Jun 20, 2019 | $0.044 | OrdinaryDividend |
Mar 21, 2019 | $0.019 | OrdinaryDividend |
Sep 20, 2018 | $0.035 | OrdinaryDividend |
Jun 21, 2018 | $0.045 | OrdinaryDividend |
Mar 21, 2018 | $0.022 | OrdinaryDividend |
Sep 21, 2017 | $0.036 | OrdinaryDividend |
Mar 23, 2017 | $0.035 | OrdinaryDividend |
Sep 22, 2016 | $0.045 | OrdinaryDividend |
Mar 22, 2016 | $0.042 | OrdinaryDividend |
Sep 22, 2015 | $0.055 | OrdinaryDividend |
Mar 23, 2015 | $0.034 | OrdinaryDividend |
Sep 22, 2014 | $0.060 | OrdinaryDividend |
Jun 20, 2014 | $0.060 | OrdinaryDividend |
Mar 21, 2014 | $0.040 | OrdinaryDividend |
Sep 20, 2013 | $0.055 | OrdinaryDividend |
Mar 20, 2013 | $0.062 | OrdinaryDividend |
Sep 20, 2012 | $0.050 | OrdinaryDividend |
Jun 21, 2012 | $0.044 | OrdinaryDividend |
Mar 22, 2012 | $0.038 | OrdinaryDividend |
Dec 21, 2011 | $0.024 | OrdinaryDividend |
Sep 22, 2011 | $0.040 | OrdinaryDividend |
Jun 22, 2011 | $0.030 | OrdinaryDividend |
Mar 23, 2011 | $0.028 | OrdinaryDividend |
Dec 22, 2010 | $0.027 | OrdinaryDividend |
Sep 22, 2010 | $0.037 | OrdinaryDividend |
Jun 22, 2010 | $0.039 | OrdinaryDividend |
Mar 23, 2010 | $0.032 | OrdinaryDividend |
Dec 22, 2009 | $0.040 | OrdinaryDividend |
Sep 22, 2009 | $0.044 | OrdinaryDividend |
Jun 22, 2009 | $0.062 | OrdinaryDividend |
Mar 23, 2009 | $0.064 | OrdinaryDividend |
Dec 22, 2008 | $0.064 | OrdinaryDividend |
NAINX - Fund Manager Analysis
Managers
David Albrycht
Start Date
Tenure
Tenure Rank
Dec 21, 2011
10.45
10.5%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Douglas Foreman
Start Date
Tenure
Tenure Rank
Sep 07, 2016
5.73
5.7%
Doug Foreman, CFA , is CIO since 2014, playing a leadership role in Kayne’s equity investment operations. Before joining Kayne in 2011, he was director of equities at HighMark Capital Management (2009 to 2011). Prior to HighMark, Mr. Foreman was retired for two years (2007 to 2008) and was group managing director and chief investment officer of U.S. equities at Trust Company of the West (TCW)(1994 – 2006). He earned a B.S. in marine engineering from The U.S. Naval Academy and an M.B.A. with a concentration in finance from Harvard University. Mr. Foreman is a CFA holder.
Hyung Kim
Start Date
Tenure
Tenure Rank
Jun 04, 2019
2.99
3.0%
Hyung Kim is a Portfolio Manager and Senior Research Analyst with approximately 16 years of research experience. Before joining KAR in 2017, Mr. Kim worked as an International Equity Analyst for Advisory Research Inc. for seven years and as a Portfolio Manager on their Global Value strategy. Prior to joining Advisory Research, Mr. Kim worked as a research analyst at Coghill Capital Management and in corporate banking at HSBC and Woori Bank in Seoul, Korea. He earned an M.B.A. from the University of Chicago Booth School of Business. He is fluent in Korean and German.
Craig Thrasher
Start Date
Tenure
Tenure Rank
Jun 04, 2019
2.99
3.0%
Craig Thrasher, CFA, is a Portfolio Manager and Research Analyst at Kayne. Before joining Kayne Anderson Rudnick in 2008, Mr. Thrasher worked at Kirr, Marbach & Company as an Equity Analyst and at Wedbush Morgan Securities in correspondent credit. He has approximately 14 years of equity research experience. Mr. Thrasher earned a B.S. in Business and Public Administration, concentration in Finance, from the University of Arizona, and an M.B.A. from the University of Chicago, Graduate School of Business. Mr. Thrasher is a Chartered Financial Analyst charterholder.
Stephen Hooker
Start Date
Tenure
Tenure Rank
Oct 19, 2020
1.61
1.6%
Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.
Chris Armbruster
Start Date
Tenure
Tenure Rank
Oct 19, 2020
1.61
1.6%
Mr. Armbruster is a Portfolio Manager and Research Analyst at KAR with primary research responsibilities for the large-capitalization consumer discretionary, health care, and information technology sectors. Before joining Kayne Anderson Rudnick in 2013, Mr. Armbruster worked at B. Riley & Co. as an associate analyst covering special situations, and at Al Frank Asset Management as a vice president in equity research.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.33 | 2.41 |