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Mutual Fund Specialty

AllianzGI Water

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Ticker
AWTAX
CUSIP
92838V494
POP
$ (as of )
Inception
03/31/2008
Total Assets by Class
$302,056,222.34 (as of 10/22/2021)
Total Assets by Fund
$1,079,045,947.18 (as of 10/22/2021)
Morningstar Category
Natural Resources

Portfolio Overview

Investment Overview

The Fund seeks attractive returns by investing in companies that specialize in water technologies to address the global water crisis: less than 1% of the earth's water is potable and global demand is rising. Actively managed and attuned to environmental, social, and governance (ESG) metrics, the Fund focuses on market leaders that look to improve water supply, efficiency, and quality.

Effective February 1, 2021, this fund's name and investment adviser have changed. The fund's distributor is now VP Distributors, LLC.

Management Team

Investment Partner

Allianz Global Investors U.S. LLC


Learn more about Allianz Global Investors U.S. LLC

Investment Professional

Fruschki, Andreas

Andreas Fruschki, CFA

Director, Portfolio Manager, Head of Global Thematic Equity

Industry start date: 2000
Start date as fund Portfolio Manager: 2008

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Key Features

Precision Exposure to Sustainable Water

Targets and invests only in pure-play companies, committed to solving water scarcity, increasing water quality, and enhancing water efficiency. Investors can benefit fully from the secular growth trend that the water theme represents

A Resilient Portfolio in Ever-Changing Market Conditions

The Fund focuses on high-quality water stocks backed by strong structural drivers, seeking to deliver stability in difficult market environments while generating attractive long-term growth

Time-Tested Experience in Water and SDG Investing

The investment team has over a decade of expertise in water investing, and a recurring dialogue with global water leaders. The Fund is aligned to four of the 17 United Nations Sustainable Development Goals (SDG), with a focus on Goal 6 'Clean Water and Sanitation' offering potential exposure to financial, environment, and social alpha

Portfolio Characteristics

Characteristics4

(as of 09/30/2021)
Average Weighted Market Cap (billions) $34.65
Median Market Cap (billions) $12.33
Trailing P/E Ex-Negative Earnings 31.47
Price-to-Cash Flow 24.27
Price-to-Book Value 5.58
3-Year EPS Growth Rate 11.58

Top Holdings (% Fund)

(as of 09/30/2021)
Security
Xylem Inc.
6.19
 6.19%
American Water Works Company, Inc.
5.66
 5.66%
Alfa Laval AB
5.12
 5.12%
Geberit AG
4.28
 4.28%
Danaher Corporation
3.78
 3.78%
Thermo Fisher Scientific Inc.
3.64
 3.64%
IDEX Corporation
3.60
 3.60%
Georg Fischer AG
3.57
 3.57%
Halma plc
3.42
 3.42%
Severn Trent Plc
3.16
 3.16%

Holdings are subject to change.

Sector Allocation (% Equity)

(as of 09/30/2021)
Industrial Machinery
24.34
 24.34%
Water Utilities
11.41
 11.41%
Electronic Equipment & Instruments
10.10
 10.10%
Agricultural & Farm Machinery
10.03
 10.03%
Building Products
9.71
 9.71%
Life Sciences Tools & Services
7.46
 7.46%
Health Care Equipment
4.92
 4.92%
Multi-Utilities
4.77
 4.77%
Environmental & Facilities Services
4.61
 4.61%
Specialty Chemicals
3.75
 3.75%
Construction & Engineering
3.68
 3.68%
Research & Consulting Services
2.84
 2.84%
Construction Machinery & Heavy Trucks
1.44
 1.44%
Construction Materials
0.93
 0.93%

Performance & Risk

Growth of $10,000 Investment

From to
This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.

Performance

As of
As of

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Sales Charge and Expenses

Risk Statistics3

(as of )
Fund Index
R2
Beta
Alpha
Std Dev

Risk Considerations

Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio's assets as intended.
Issuer Risk: The portfolio will be affected by factors specific to the issuers of securities and other instruments in which the portfolio invests, including actual or perceived changes in the financial condition or business prospects of such issuers.
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Water-Related Risk: Because the portfolio focuses its investments in water-related companies, it is particularly affected by events or factors relating to this sector, which may increase risk and volatility.
Focused Investments: To the extent the portfolio focuses its investments on a limited number of issuers, sectors, industries or geographic regions, it may be subject to increased risk and volatility.
Foreign Investing: Investing in foreign securities subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk.
Sustainable Investing: Because the portfolio focuses on investments in companies that the Manager believes exhibit strong environmental, social, and corporate governance records, the portfolio's universe of investments may be smaller than that of other portfolios and broad equity benchmark indices.
Prospectus: For additional information on risks, please see the fund's prospectus.

Related Literature

Marketing Materials

Virtus AllianzGI Water Fund Fact Sheet - INST
Virtus AllianzGI Water Fund Enhanced Fact Sheet
Virtus AllianzGI Water Fund Commentary
Virtus AllianzGI Water Fund Presentation
Why Investors Seeking Returns and Impact Should Consider Water
Doing Well by Doing Good

Financial Materials

Virtus Strategy Trust Statutory Prospectus
Virtus AllianzGI Water Fund Summary Prospectus
Virtus Strategy Trust SAI
Multi-Strategy Funds Trust Annual Report
Virtus Strategy Trust Semiannual Report
Virtus Strategy Trust Prospectus Supplement XBRL 497E 09 08 2021
Virtus Strategy Trust Prospectus Supplement XBRL 497E 06 11 2021
Virtus Strategy Trust Prospectus XBRL 485B 02 01 2021

Holdings

AllianzGI Water Holdings Monthly
Virtus AllianzGI Water Fund Top Holdings
Virtus Strategy Trust Schedule F Q1
Virtus AllianzGI Water Fund Holdings Fiscal Q3

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. NAV returns do not include the effect of any applicable sales charges. POP and w/CDSC returns include the effect of maximum applicable sales charges.

Returns for periods of less than one year are cumulative total returns.

1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is calculated by (a) annualizing the latest income distribution for fixed income funds or funds less than 1 year old, or (b) summing all income distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period, unless otherwise indicated. The Distribution Rate may be comprised of ordinary income, net realized capital gains and returns of capital.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

3 Risk Statistics: R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.

4 Characteristics: For Equity Funds: Avg. Weighted Market Cap (bn): The total dollar market value of all of a company’s outstanding shares. Trailing P/E Ex-Negative Earnings: Per-share stock price divided by the latest 12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.

4 Characteristics: For Fixed Income Funds: Effective Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's effective duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund's price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund's price.

Morningstar Disclosures:
The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.

© Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.