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Vontobel Global Opportunities

Image specific to each asset class and market style grouping.
(as of )
Total Assets by Class
(as of 07/17/2018)
Total Assets by Fund
(as of 07/17/2018)
Morningstar Category
World Large Stock
Investment Overview

The Fund seeks to generate attractive risk-adjusted long-term returns by investing in high-quality companies across the globe. Fundamental, bottom-up research aims to identify well-managed businesses with consistent operating histories and financial performance that have favorable long-term economic prospects, and, in most cases, generate free cash flow.

Management Team

Investment Partner

Vontobel Asset Management

Vontobel Asset Management believes that the best way to achieve capital appreciation and outperform the market over time is by investing in well-managed businesses with consistent operating histories and financial performance that have favorable long-term economic prospects.

Visit the Vontobel Asset Management website
Investment Professionals
Matthew Benkendorf
Matthew Benkendorf

Chief Investment Officer, Portfolio Manager, Senior Research Analyst

Industry start date: 1998

Start date with fund: 2009

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Ramiz Chelat
Ramiz Chelat

Executive Director, Portfolio Manager, Senior Research Analyst

Industry start date: 1997

Start date with fund: 2016

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Key Features
High-Quality Growth

Searches for quality, high-return growth businesses with strong profitability and durable franchises, trading at attractive valuations

Benchmark Unconstrained

A high-conviction, concentrated approach to investing that focuses on minimizing business risk rather than Index risk

Lower Volatility Approach

A long-term-focused investment philosophy and approach which strives to offer market participation with less risk and volatility than the Index

Portfolio Characteristics

Top Holdings (% Fund)
(as of 06/29/2018)
HDFC Bank Limited
Unilever NV Cert. of shs
3.57, Inc.
UnitedHealth Group Incorporated
Visa Inc. Class A
Mastercard Incorporated Class A
Alphabet Inc. Class C
Alimentation Couche-Tard Inc. Class B
Housing Development Finance Corporation Limited

Holdings are subject to change.

(as of 06/29/2018)
Average Weighted Market Cap (billions) $140.51
Median Market Cap (billions) $68.66
Trailing PE 23.92x
Price-to-Cash Flow 19.68
Price-to-Book Value 4.94
3-Year EPS Growth Rate 10.99
Sector Allocation (% Equity)
(as of 06/29/2018)
Top Countries (% Invested Assets)
(as of 06/29/2018)

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
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.
Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.
Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.
Geographic Concentration: A fund that focuses its investments in a particular geographic location will be highly sensitive to financial, economic, political, and other developments affecting the fiscal stability of that location.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials
Virtus Vontobel Global Opportunities Fund Fact Sheet - A
Virtus Vontobel Global Opportunties Fund Fact Sheet - I
Virtus Vontobel Global Opportunities Fund Fact Sheet - R6
Virtus Vontobel Global Opportunities Fund Commentary
Vontobel International Funds Presentation
Morningstar - Quarterly Ratings
Changing Demographics Create Global Opportunities
Beyond Geography: Vontobel's Distinct Global Footprint
Virtus Vontobel Global Equity Funds Menu
Vontobel Viewpoints: Consumer Staples: Orphans or Heroes?
Vontobel Viewpoints: Valuation: Taking a Long-Term View
Vontobel Viewpoints: FDA New Direction on Tobacco
Financial Materials
Virtus Opportunities Trust Statutory Prospectus
Virtus Vontobel Global Opportunities - Summary Prospectus
Virtus Opportunities Trust Prospectus XBRL 485B 01 31 2018
Virtus Opportunities Trust SAI
Virtus Opportunities Trust Annual Report
Virtus Opportunities Trust Semiannual Report
Mutual Fund Distributions
Virtus Vontobel Global Opportunities Country Weights
Virtus Vontobel Global Opportunities Quarterly Holdings
Virtus Vontobel Global Opportunities 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 Rate (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:  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 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.

© 2018 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.