Virtus Global Allocation Fund

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Mutual Fund Specialty

Virtus Global Allocation Fund

Image specific to each asset class and market style grouping.
Ticker
PALAX
CUSIP
92838V767
POP
$ (as of )
Inception
09/30/1998
Total Assets by Class
$38,461,842.32 (as of 11/25/2022)
Total Assets by Fund
$237,743,043.07 (as of 11/25/2022)
Morningstar Category
Global Allocation

Portfolio Overview

Investment Overview

The Fund is a globally diversified core allocation holding with a focus on socially responsible investing. The portfolio seeks to provide exposure to multiple sustainable investing strategies and enhanced risk-adjusted returns, by leveraging the experience and specialization of the of the Virtus Multi-Asset team.

Effective June 10, 2022, this Fund's name has changed.

Effective July 25, 2022, this Fund's manager has changed.

Management Team

Investment Partner

Virtus Multi-Asset

The Virtus Multi-Asset team of Virtus Investment Advisers, Inc. specializes in asset allocation, providing differentiated investment solutions, strategies, and outcomes across asset classes, regions, factors, sectors, industries, currencies, and securities.


Learn more about Virtus Multi-Asset

Investment Professionals

Bergman, Heather

Heather Bergman, Ph.D.

Managing Director and Senior Portfolio Manager

Industry start date: 2001
Start date as fund Portfolio Manager: 2017

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Pietranico, Paul

Paul Pietranico, CFA

Chief Investment Officer and Senior Managing Director

Industry start date: 1995
Start date as fund Portfolio Manager: 2009

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Kunal, Ghosh

Kunal Ghosh

Chief Investment Officer, Senior Managing Director, Portfolio Manager

Industry start date: 2003
Start date as fund Portfolio Manager: 2022

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David Torchia

David Torchia

Managing Director and Senior Portfolio Manager

Industry start date: 1984
Start date as fund Portfolio Manager: 2022

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Key Features

Core, Diversified Investment Solution

The Fund may serve as a core, globally diversified holding to anchor an investment portfolio and provide access to a broad range of asset classes and geographies

Sustainable Investing Focus

Pursues better long-term outcomes for both investors and society through a focus on sustainably oriented exposures, offering investors a turnkey solution to achieving a balanced portfolio while supporting sustainable investment practices

Specialized Multi-Asset Expertise

Managed by a specialized and dedicated portfolio management team that averages over 25 years of investment experience and is focused on delivering dynamic asset allocation, thoughtful portfolio construction, and balanced risk exposure

Portfolio Characteristics

Top Holdings (% Fund)

(as of 09/30/2022)
Security
Virtus NFJ Global Sustainability Fund
31.07
 31.07%
United States Treasury Note/Bond, 0.1250% 11/30/2022
3.71
 3.71%
iShares ESG Aware MSCI USA ETF
2.95
 2.95%
United States Treasury Note/Bond, 2.6250% 05/31/2027
2.12
 2.12%
Ginnie Mae II Pool, 3.0000%
1.95
 1.95%
Ginnie Mae II Pool, 2.5000%
1.73
 1.73%
United States Treasury Note/Bond, 2.8750% 05/15/2032
1.58
 1.58%
United States Treasury Note/Bond, 2.2500% 02/15/2052
1.42
 1.42%
iShares Trust iShares ESG Aware MSCI EAFE ETF
1.36
 1.36%
United States Small Business Administration, 1.2800% 01/01/2046
1.03
 1.03%

Holdings are subject to change.

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

Allocation: The risk that the portfolio's exposure to equities and fixed income securities, or to different asset classes, may vary from the intended allocation or may not be optimal for market conditions at a given time.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short- or long-term. Local, regional, or global events such as war (e.g., Russia's invasion of Ukraine), acts of terrorism, the spread of infectious illness (e.g., COVID-19 pandemic) 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's 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.
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.
Underlying Fund Risk: The portfolio will be indirectly affected by factors, risks and performance specific to any other portfolio in which it invests.
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.
Debt Instruments: Debt instruments are subject to greater levels of credit and liquidity risk, may be speculative and may decline in value due to changes in interest rates or an issuer's or counterparty's deterioration or default.
Interest Rate: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities.
Derivatives: Derivatives may include, among other things, futures, options, forwards and swap agreements and may be used in order to hedge portfolio risks, create leverage, or attempt to increase returns. Investments in derivatives may result in increased volatility and the portfolio may incur a loss greater than its principal investment.
Prospectus: For additional information on risks, please see the fund's prospectus.

Related Literature

Marketing Materials

Virtus Global Allocation Fund Fact Sheet - A
Virtus Global Allocation Fund Fact Sheet - R6
Virtus Global Allocation Fund Fact Sheet - INST

Distributions

Mutual Fund Distributions

Financial Materials

Virtus Strategy Trust Statutory Prospectus
Virtus Global Allocation Fund Summary Prospectus
Virtus Strategy Trust SAI
Virtus Strategy Trust Annual Report
Virtus Strategy Trust Semiannual Report

Holdings

Virtus Global Allocation Fund Monthly Holdings
Virtus Global Allocation Fund Top Holdings
Virtus AllianzGI Global Allocation Fund Holdings Fiscal Q1
Virtus AllianzGI Global Allocation 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 by 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 sum of each security's weight within the fund (or index) multiplied by the security's market capitalization. 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.