VTAIX: Virtus Tactical Allocation I

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VTAIX Virtus Tactical Allocation I


Profile

VTAIX - Profile

Vitals

  • YTD Return 14.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $733 M
  • Holdings in Top 10 26.6%

52 WEEK LOW AND HIGH

$11.72
$8.14
$12.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 14.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Virtus Tactical Allocation Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Jan 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Albrycht

Fund Description

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/high-risk, bank loans, mortgage-backed and asset-backed, government, corporate, and municipal debt obligations.


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Categories

Performance

VTAIX - Performance

Return Ranking - Trailing

Period VTAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.2% -46.9% 20.6% 0.69%
1 Yr 21.8% -49.1% 22.0% 0.28%
3 Yr N/A* -21.4% 10.3% 0.21%
5 Yr N/A* -13.1% 6.7% 3.47%
10 Yr N/A* -4.2% 9.7% 7.42%

* Annualized

Return Ranking - Calendar

Period VTAIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.3% 25.7% N/A
2018 N/A -32.7% 10.9% N/A
2017 N/A -9.1% 19.3% N/A
2016 N/A -43.7% 13.7% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period VTAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.2% -46.9% 20.6% 0.69%
1 Yr 21.8% -49.1% 22.0% 0.28%
3 Yr N/A* -18.8% 11.2% 0.21%
5 Yr N/A* -11.1% 10.3% 3.97%
10 Yr N/A* -4.2% 9.7% 14.85%

* Annualized

Total Return Ranking - Calendar

Period VTAIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.3% 25.7% N/A
2018 N/A -32.7% 10.9% N/A
2017 N/A -3.7% 22.1% N/A
2016 N/A -43.7% 20.7% N/A
2015 N/A -14.9% 8.0% N/A

NAV & Total Return History


Holdings

VTAIX - Holdings

Concentration Analysis

VTAIX Category Low Category High VTAIX % Rank
Net Assets 733 M 5.59 M 24.2 B 43.59%
Number of Holdings 574 5 5256 21.38%
Net Assets in Top 10 174 M -107 M 22.4 B 60.41%
Weighting of Top 10 26.62% 5.7% 100.0% 83.95%

Top 10 Holdings

  1. Amazon.com Inc 5.03%
  2. Facebook Inc A 2.98%
  3. Alibaba Group Holding Ltd ADR 2.75%
  4. Bill.com Holdings Inc Ordinary Shares 2.58%
  5. Nvidia 2.43%
  6. Visa Inc Class A 2.40%
  7. Netflix Inc 2.29%
  8. United States Treasury Bonds 3% 2.19%
  9. Paycom Software Inc 2.11%
  10. Avalara Inc 1.87%

Asset Allocation

Weighting Return Low Return High VTAIX % Rank
Stocks
65.79% 0.01% 80.06% 22.62%
Bonds
31.38% -34.50% 135.61% 58.07%
Cash
2.09% -58.72% 107.28% 76.97%
Other
0.50% -8.37% 95.53% 43.31%
Convertible Bonds
0.21% -0.84% 13.22% 77.24%
Preferred Stocks
0.03% 0.00% 39.43% 59.45%

Stock Sector Breakdown

Weighting Return Low Return High VTAIX % Rank
Technology
24.51% 0.00% 31.19% 2.63%
Consumer Cyclical
23.12% 0.00% 25.81% 0.42%
Communication Services
17.66% 0.00% 43.64% 0.69%
Financial Services
11.10% 0.00% 29.74% 85.04%
Industrials
9.50% 0.00% 31.64% 62.05%
Healthcare
5.74% 0.00% 100.00% 93.63%
Consumer Defense
4.23% 0.00% 27.83% 89.61%
Basic Materials
1.97% 0.00% 14.34% 90.30%
Real Estate
1.89% 0.00% 89.31% 91.27%
Energy
0.29% 0.00% 100.00% 96.81%
Utilities
0.00% 0.00% 38.45% 98.06%

Stock Geographic Breakdown

Weighting Return Low Return High VTAIX % Rank
US
46.82% -1.22% 61.27% 17.79%
Non US
18.97% -0.65% 45.94% 49.38%

Bond Sector Breakdown

Weighting Return Low Return High VTAIX % Rank
Corporate
45.00% 0.00% 98.97% 27.17%
Securitized
31.66% 0.00% 57.00% 10.21%
Government
13.76% 0.00% 76.76% 78.76%
Cash & Equivalents
6.19% -31.57% 100.00% 81.79%
Municipal
3.23% 0.00% 47.46% 12.55%
Derivative
0.16% -0.40% 46.39% 49.79%

Bond Geographic Breakdown

Weighting Return Low Return High VTAIX % Rank
US
28.69% -68.01% 77.37% 48.55%
Non US
2.69% -9.92% 58.24% 77.93%

Expenses

VTAIX - Expenses

Operational Fees

VTAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.02% 22.24% 49.58%
Management Fee 0.55% 0.00% 1.95% 70.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.70% 41.30%

Sales Fees

VTAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VTAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

VTAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 1.00% 447.00% 61.26%

Distributions

VTAIX - Distributions

Dividend Yield Analysis

VTAIX Category Low Category High VTAIX % Rank
Dividend Yield 0.00% 0.00% 6.70% 16.67%

Dividend Distribution Analysis

VTAIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

VTAIX Category Low Category High VTAIX % Rank
Net Income Ratio 1.52% -0.95% 6.29% 68.65%

Capital Gain Distribution Analysis

VTAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

VTAIX - Fund Manager Analysis

Managers

David Albrycht


Start Date

Tenure

Tenure Rank

Dec 21, 2011

8.7

8.7%

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

3.98

4.0%

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

1.24

1.2%

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

1.24

1.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 24.35 5.39 2.53