Virtus Strategic Allocation Series
The Series seeks to achieve both long-term capital growth and income through a balanced portfolio of global stocks and bonds. Disciplined fundamental analysis is utilized to construct a diversified portfolio allocated to approximately 60% equity (15% non-U.S.) and 40% fixed income.
Effective June 4, 2019, the international equity portion of the portfolio is managed by KAR. Performance generated prior to June 4 for the international equity portion is that of a prior subadvisor.
Kayne Anderson Rudnick Investment Management, LLC
Kayne Anderson Rudnick believes that superior risk-adjusted returns may be achieved through investment in high-quality companies with market dominance, excellent management, financial strength, and consistent growth, purchased at reasonable prices.
Learn more about Kayne Anderson Rudnick Investment Management, LLC
Newfleet Asset Management
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. The team employs active sector rotation and disciplined risk management to portfolio construction.
Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.
Learn more about Newfleet Asset Management
Douglas S. Foreman, CFA
Chief Investment Officer
Industry start date: 1986
Start date as fund Portfolio Manager: 2016
Doug Foreman is chief investment officer and a portfolio manager at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. He is also a member of the executive management committee.
Before joining Kayne Anderson Rudnick in 2011, Mr. Foreman was director of equities at HighMark Capital Management, and before that, group managing director and chief investment officer of U.S. equities at Trust Company of the West (TCW). He began his investment career at Putnam Investments as an equity research analyst and portfolio manager.
Mr. Foreman earned a B.S. in marine engineering from The U.S. Naval Academy and an M.B.A. from Harvard University. He is a CFA® charterholder. He began working in the investment industry in 1986.
Craig Thrasher, CFA
Portfolio Manager and Senior Research Analyst
Industry start date: 2003
Start date as fund Portfolio Manager: 2019
Craig Thrasher is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners. Mr. Thrasher has primary research responsibilities for emerging markets small-cap and international small- and mid-cap equities.
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.
Mr. Thrasher earned a B.S. in business and public administration, with a concentration in finance, from the University of Arizona, and an M.B.A. from the University of Chicago, Graduate School of Business. He is a Chartered Financial Analyst® (CFA®) charterholder. He began working in the investment industry in 2003.
Portfolio Manager and Senior Research Analyst
Industry start date: 2004
Start date as fund Portfolio Manager: 2019
Hyung Kim is a portfolio manager and senior research analyst at Kayne Anderson Rudnick, an investment management affiliate of Virtus Investment Partners, where he has primary responsibilities for the emerging markets small-cap and international small- and mid-cap strategies.
Prior to joining Kayne Anderson Rudnick in 2017, Mr. Kim served as an international equity analyst at Advisory Research Inc. for seven years, and as a portfolio manager on its global value strategy. Before joining Advisory Research, he worked as a research analyst at Coghill Capital Management and in corporate banking at HSBC and Woori Bank in Seoul, Korea. Mr. Kim also worked as an equity research intern at CLSA in Seoul.
Mr. Kim earned a B.A. in German with a minor in economics from Hankuk University of Foreign Studies in Seoul, Korea, and an M.B.A. in accounting and finance from the University of Chicago Booth School of Business. He is fluent in Korean and German. Mr. Kim began working in the investment industry in 2004.
Chris Armbruster, CFA
Portfolio Manager and Senior Research Analyst
Industry start date: 2004
Start date as fund Portfolio Manager: 2020
Chris Armbruster is a portfolio manager and senior research analyst at Kayne Anderson Rudnick Investment Management, an investment management affiliate of Virtus Investment Partners, where he has primary research responsibilities for the large-capitalization consumer discretionary, health care, and technology sectors.
Prior to 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. He has approximately 14 years of equity research experience.
Mr. Armbruster earned a B.A. in business economics, with a minor in accounting, from the University of California, Los Angeles. He is a CFA® charterholder and is a member of the CFA Society of Los Angeles. He began working in the investment industry in 2004.
David L. Albrycht, CFA
President and Chief Investment Officer
Industry start date: 1985
Start date as fund Portfolio Manager: 2007
David Albrycht is president and chief investment officer of Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Albrycht is the senior portfolio manager of several multi-sector fixed income strategies, some dating back to the early 1990s.
In his role as CIO, Mr. Albrycht drives top-down strategy for Newfleet’s investment platform, which includes multi-sector and dedicated sector strategies for high yield and bank loans. In addition to managing mutual funds and variable investment options in these strategies, Mr. Albrycht is co-manager of two closed-end funds, Virtus Total Return Fund Inc. (NYSE: ZTR) and Virtus Global Multi-Sector Income Fund (NYSE: VGI). He also is co-manager of four exchange traded funds, AdvisorShares Newfleet Multi-Sector Income ETF (NYSE: MINC), Virtus Newfleet Multi-Sector Bond ETF (NYSE: NFLT), Virtus Newfleet High Yield Bond ETF (NYSE: BLHY), and Virtus Newfleet ABS/MBS ETF (NYSE: VABS), and two offshore funds, the Virtus GF Multi-Sector Short Duration Bond Fund and the Virtus GF Multi-Sector Income Fund. Additionally, Mr. Albrycht is responsible for the structuring and management of Newfleet’s CLO platform.
Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former investment management subsidiary of Newfleet’s parent, Virtus Investment Partners. Prior to that role, Mr. Albrycht was director of credit research at Goodwin’s predecessor, Phoenix Investment Counsel (PIC). In addition, he managed the Phoenix MISTIC CDO, a $1 billion multi-sector collateralized debt obligation, for which he was responsible for credit analysis and deal structure. He joined the PIC multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1985.
Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC (“VFIA”), an SEC registered investment adviser.
Please consider a Fund’s investment objectives, risks, charges, and expenses carefully before investing. For this and other information about any Virtus Fund, contact your financial professional, call 800-243-4361, or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.
Mutual Funds, Virtus Newfleet ETFs, and Virtus Global Funds distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
Stephen H. Hooker, CFA
Managing Director and Portfolio Manager
Industry start date: 1993
Start date as fund Portfolio Manager: 2017
Stephen Hooker is a managing director and portfolio manager at Newfleet Asset Management, an affiliated manager of Virtus Investment Partners.
Mr. Hooker is a member of the multi-sector portfolio management team with primary responsibilities for institutional accounts. He joined Newfleet in 2011 to serve as sector manager for emerging markets, where he was responsible for researching issuers in Europe, the Middle East, and Africa.
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 Capital Advisers, a former Virtus investment management subsidiary, for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager.
Mr. Hooker earned a B.A. in psychology from Trinity College. He is a Chartered Financial Analyst® (CFA®) charterholder. He began his career in the investment industry in 1993.
Balances Risk and Reward
Leverages diverse investment expertise from across Virtus to deliver a professionally managed 60/40 equity/fixed income allocation in a single portfolio
Global Equity Exposure
Extensive fundamental research guides discrete, actively managed investment styles in the U.S. equity and international equity allocations
Multi-Sector Fixed Income Exposure
Employs a time-tested approach of active sector rotation, extensive credit research, and disciplined risk management
Top Holdings (% Series)
|Paycom Software Inc||
|CoStar Group Inc||
|United States Treasury Note/Bond, 2.5000% 02/15/2046||
Holdings are subject to change.
Characteristics4(as of 12/30/2022)
|Average Weighted Market Cap (billions)||$116.69|
|Median Market Cap (billions)||$11.51|
|Trailing P/E Ex-Negative Earnings||27.64|
|3-Year Earnings Growth Rate||10.55|
Sector Allocation (% Equity)
Performance & Risk
Growth of $10,000 InvestmentFrom to
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.
Returns for periods of less than one year are cumulative total returns.
Sales Charge and Expenses
The investments for the Virtus Variable Insurance Funds (the “Funds”) are managed by the same portfolio manager(s) who manage one or more other funds that have similar names, investment objectives, and investment styles as the Funds. You should be aware that the Funds are likely to differ from the other mutual funds in size, cash flow pattern, and tax matters. Accordingly, the holdings and performance of the Funds can be expected to vary from those of the other mutual funds.
Shares of the Funds are sold only through the currently effective prospectuses and are not available to the general public. Shares of the Funds may be purchased only by life insurance companies to be used with their separate accounts which fund variable annuity and variable life insurance policies or qualified retirement plans and are also available as an underlying investment fund for certain qualified retirement plans. The performance information for the Funds does not reflect fees and expenses of the insurance companies. If such fees and expenses were deducted, performance would be lower.
Please carefully consider the investment objectives, risks, charges, and expenses of the Virtus Variable Insurance Funds before investing. For this and other information about any Virtus Variable Insurance Fund, call 1-800-367-5877 or visit Virtus.com for a prospectus and/or summary prospectus. Read it carefully before you invest or send money.
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
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1 Yields/Distributions: Distribution Yield (at NAV) is calculated by annualizing the latest month's distribution and dividing by the NAV on the last business day of the period. SEC Yield represents the net investment income earned by a fund over a 30-day period (7-day period for Money Market Funds), expressed as an annual percentage rate based on the fund's public offering share price at the end of the 30-day period (7-day period for Money Market Funds).
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-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.
Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.