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Asset Allocation

Strategic Allocation

Image specific to each asset class and market style grouping.
(as of )
Total Assets by Class
(as of 01/19/2018)
Total Assets by Fund
(as of 01/19/2018)
Morningstar Category
Allocation--50% to 70% Equity
Product Overview

The Fund looks to achieve both long-term capital growth and income through a balanced portfolio of global stocks and bonds.

Effective September 7, 2016, Kayne Anderson Rudnick became the subadviser to the domestic equity portion of the Fund. Performance and characteristics of the domestic equity portion prior to that date were attained by the previous manager. Concurrently, the subadviser of the international equity portion of the Fund transitioned to Duff & Phelps Investment Management Co. There was no change to the portfolio manager or the investment approach. Prior to October 11, 2016, the fund's name was Virtus Balanced Fund.

Management Team

Investment Partners

Duff & Phelps Investment Management Co.

Duff & Phelps (international equity) manages a high-conviction core portfolio where stock selection is informed by a forward looking analysis of cash flow return on invested capital.

Visit the Duff & Phelps Investment Management Co. website

Kayne Anderson Rudnick Investment Management, LLC

Kayne Anderson Rudnick (domestic equity) invests in a select group of large-cap growth companies believed to be undervalued relative to their future growth potential.

Visit the Kayne Anderson Rudnick Investment Management, LLC website

Newfleet Asset Management, LLC

Newfleet Asset Management leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors.

Visit the Newfleet Asset Management, LLC website
Portfolio Managers
Doug Foreman
Douglas S. Foreman, CFA

Chief Investment Officer

Industry start date: 1989

Start date with fund: 2016

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Frederick Brimberg BW 400x400
Frederick A. Brimberg

Senior Managing Director and Senior Portfolio Manager

Industry start date: 1979

Start date with fund: 2012

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David Albrycht
David L. Albrycht, CFA

President and Chief Investment Officer

Industry start date: 1985

Start date with fund: 2012

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Stephen Hooker
Stephen H. Hooker, CFA

Managing Director and Portfolio Manager

Industry start date: 1993

Start date with fund: 2017

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Investment Process Highlights

Use fundamental analysis to build a portfolio that is approximately allocated 60% equity (15% non-U.S.), and 40% fixed income.


The U.S. equity allocation emphasizes companies with solid balance sheets, market dominance and sustainable competitive advantages, which may lead to stronger pricing power and less earnings variability.


The non-U.S. equity allocation employs fundamental, bottom-up research, with a focus on cash flow return on invested capital. Macro research is employed for risk control, and to inform the fundamental process, including the identification of investible themes.


The fixed income manager employs a time tested approach of active sector rotation, extensive credit research, and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.

Portfolio Characteristics

Top Holdings (% Fund)
(as of 12/29/2017)
Facebook, Inc. Class A
Alibaba Group Holding Ltd. Sponsored ADR
3.06, Inc.
Visa Inc. Class A
Monster Beverage Corporation
Bank of America Corporation
NVIDIA Corporation
Las Vegas Sands Corp.
Amphenol Corporation Class A
Tencent Holdings Ltd. Unsponsored ADR

Holdings are subject to change.

(as of 12/29/2017)
Average Weighted Market Cap (billions) $156.18
Median Market Cap (billions) $36.32
Trailing PE 25.25x
Price-to-Cash Flow 26.69
Price-to-Book Value 5.29
3-Year EPS Growth Rate 21.82
Sector Allocation (% Equity)
(as of 12/29/2017)

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.

As of
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

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
Distribution History2
(as of )
Reinvest NAV
Risk Statistics3
(as of )
Fund Index
Std Dev
Risk Considerations
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.
Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.
Allocation: The fund's exposure to different asset classes may not be optimal for market conditions at a given time. Asset allocation does not guarantee a profit or protect against a loss in declining markets.
High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Strategic Allocation Fund Fact Sheet
Financial Materials
Virtus Equity Trust Statutory Prospectus
Virtus Strategic Allocation - Summary Prospectus
Virtus Equity Trust Prospectus XBRL 485B 07 31 2017
Virtus Equity Trust SAI
Virtus Strategic Allocation Fund Annual Report
Mutual Fund Distributions
Virtus Strategic Allocation Fund Quarterly Holdings
Virtus Strategic Allocation Fund Top Holdings

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 or visit 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: Distribution Yield (at NAV) is calculated by (a) annualizing the latest distribution for fixed income funds or funds less than 1 year old (b) summing all distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period. SEC Yield represents the net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's public offering share price at the end of the 30-day period.  Gross SEC Yield represents the yield if there were no expense reimbursements.

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: Trailing P/E: Per-share stock price divided by the latest12-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:  Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's 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 RatingTM 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.

© 2017 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.