Virtus Duff & Phelps Water Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.7%
1 yr return
15.4%
3 Yr Avg Return
2.8%
5 Yr Avg Return
9.9%
Net Assets
$636 M
Holdings in Top 10
54.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AWTPX - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.51%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVirtus Duff & Phelps Water Fund
-
Fund Family NameAllianz Funds
-
Inception DateMar 31, 2008
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndreas Fruschki
Fund Description
The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of companies that are represented in one or more of the S&P Global Water Index, the NASDAQ OMX US Water or Global Water Indices, or the S-Network Global Water Index (Composite), or that are substantially engaged in water-related activities. Water-related activities consist of those that relate to the quality or availability of or demand for potable and non-potable water and include, but are not limited to, the following: water production, storage, transport and distribution; water supply enhancing or water demand-reducing technologies and materials; water planning, control and research; water conditioning, such as filtering, desalination, disinfection and purification; sewage and liquid waste treatment; and water delivery-related equipment and technology, consulting or engineering services relating to any of the above-mentioned activities. The specific activities that the fund may from time to time consider to qualify as “water-related activities” will change as markets, technologies and investment practices develop. The portfolio managers intend to diversify the fund’s investments across geographic regions. Under normal market conditions, the fund will typically invest (i) between 45%-75% of its total assets in U.S. securities, (ii) between 20%-45% of its total assets in European securities, and (iii) up to 25% of its total assets in Asia and other geographies. The fund may invest in emerging market securities.
The portfolio managers select investments on a bottom-up basis irrespective of market capitalization, geography, industry/sector or growth- or value-orientation, and may look for several of the following characteristics: higher than average sustainable growth; substantial capacity for growth of revenue and earnings; superior management; alignment to select United Nations Sustainable Development Goals (SDG’s) and other comparable societal goals; strong commitment to research and product development; and differentiated or superior product offerings addressing the structural demand drivers. The portfolio managers consider the level of active contribution to the improvement of water resource management during the stock selection process.
Companies’ Environmental, Social and Corporate Governance (“ESG”) practices are also considered as the portfolio managers believe this enhances the investment process.
The fund is “non-diversified,” which means that it may invest a significant portion of its assets in a relatively small number of issuers, which may increase risk. In addition to common stocks and other equity securities (such as preferred stocks and warrants), the fund may invest in securities issued in initial public offerings (IPOs), and may utilize foreign currency exchange contracts, options, and other derivative instruments. Although the fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.
AWTPX - Performance
Return Ranking - Trailing
Period | AWTPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.7% | -10.0% | 24.4% | 16.04% |
1 Yr | 15.4% | -23.5% | 79.4% | 30.48% |
3 Yr | 2.8%* | -13.0% | 27.5% | 70.19% |
5 Yr | 9.9%* | -2.2% | 24.4% | 56.57% |
10 Yr | 7.7%* | -7.2% | 12.6% | 14.46% |
* Annualized
Return Ranking - Calendar
Period | AWTPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.5% | -13.1% | 52.1% | 24.76% |
2022 | -21.1% | -34.9% | 34.0% | 90.38% |
2021 | 16.6% | -4.9% | 83.5% | 85.29% |
2020 | 14.9% | -23.4% | 126.4% | 42.00% |
2019 | 29.1% | -25.1% | 36.9% | 7.07% |
Total Return Ranking - Trailing
Period | AWTPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.7% | -10.0% | 24.4% | 16.04% |
1 Yr | 15.4% | -23.5% | 79.4% | 30.48% |
3 Yr | 2.8%* | -13.0% | 27.5% | 70.19% |
5 Yr | 9.9%* | -2.2% | 24.4% | 56.57% |
10 Yr | 7.7%* | -7.2% | 12.6% | 14.46% |
* Annualized
Total Return Ranking - Calendar
Period | AWTPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -12.2% | 57.6% | 25.71% |
2022 | -20.8% | -32.2% | 35.5% | 93.27% |
2021 | 25.8% | -2.5% | 83.6% | 61.76% |
2020 | 17.0% | -22.2% | 127.8% | 43.00% |
2019 | 33.1% | -25.1% | 38.7% | 8.08% |
NAV & Total Return History
AWTPX - Holdings
Concentration Analysis
AWTPX | Category Low | Category High | AWTPX % Rank | |
---|---|---|---|---|
Net Assets | 636 M | 1.33 M | 6.25 B | 42.45% |
Number of Holdings | 34 | 25 | 445 | 90.57% |
Net Assets in Top 10 | 345 M | 512 K | 3.57 B | 45.28% |
Weighting of Top 10 | 54.70% | 16.6% | 76.7% | 27.36% |
Top 10 Holdings
- Xylem Inc/NY 9.90%
- American Water Works Co Inc 7.86%
- Essential Utilities Inc 7.01%
- Severn Trent PLC 6.84%
- Tetra Tech Inc 4.23%
- Veolia Environnement SA 4.13%
- Ecolab Inc 3.91%
- Core Main Inc 3.84%
- United Utilities Group PLC 3.53%
- Stantec Inc 3.46%
Asset Allocation
Weighting | Return Low | Return High | AWTPX % Rank | |
---|---|---|---|---|
Stocks | 99.04% | 0.00% | 101.45% | 66.04% |
Cash | 0.96% | 0.00% | 22.14% | 59.43% |
Preferred Stocks | 0.00% | 0.00% | 6.94% | 91.51% |
Other | 0.00% | -0.01% | 21.04% | 89.62% |
Convertible Bonds | 0.00% | 0.00% | 0.43% | 91.51% |
Bonds | 0.00% | 0.00% | 81.02% | 91.51% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AWTPX % Rank | |
---|---|---|---|---|
Industrials | 63.52% | 0.00% | 63.67% | 2.83% |
Utilities | 15.46% | 0.00% | 35.93% | 11.32% |
Healthcare | 12.74% | 0.00% | 22.67% | 3.77% |
Basic Materials | 4.29% | 2.49% | 100.00% | 95.28% |
Technology | 3.99% | 0.00% | 17.68% | 13.21% |
Real Estate | 0.00% | 0.00% | 36.20% | 91.51% |
Financial Services | 0.00% | 0.00% | 4.52% | 91.51% |
Energy | 0.00% | 0.00% | 89.67% | 96.23% |
Communication Services | 0.00% | 0.00% | 0.21% | 91.51% |
Consumer Defense | 0.00% | 0.00% | 33.96% | 92.45% |
Consumer Cyclical | 0.00% | 0.00% | 43.37% | 95.28% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AWTPX % Rank | |
---|---|---|---|---|
US | 70.51% | 0.00% | 100.01% | 56.60% |
Non US | 28.53% | 0.00% | 89.20% | 42.45% |
AWTPX - Expenses
Operational Fees
AWTPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.22% | 0.08% | 4.45% | 37.74% |
Management Fee | 0.95% | 0.00% | 1.25% | 84.91% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.25% | 75.86% |
Sales Fees
AWTPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
AWTPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AWTPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 4.00% | 169.00% | 31.31% |
AWTPX - Distributions
Dividend Yield Analysis
AWTPX | Category Low | Category High | AWTPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.80% | 0.00% | 12.31% | 24.53% |
Dividend Distribution Analysis
AWTPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
AWTPX | Category Low | Category High | AWTPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.51% | -35.65% | 6.21% | 50.48% |
Capital Gain Distribution Analysis
AWTPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.682 | OrdinaryDividend |
Dec 21, 2022 | $0.053 | OrdinaryDividend |
Dec 19, 2019 | $0.530 | OrdinaryDividend |
Dec 20, 2018 | $0.190 | OrdinaryDividend |
Dec 21, 2017 | $0.128 | OrdinaryDividend |
Dec 22, 2016 | $0.079 | OrdinaryDividend |
Dec 17, 2015 | $0.054 | OrdinaryDividend |
Dec 18, 2014 | $0.093 | OrdinaryDividend |
Dec 19, 2013 | $0.047 | OrdinaryDividend |
Dec 20, 2012 | $0.114 | OrdinaryDividend |
Dec 22, 2011 | $0.066 | OrdinaryDividend |
Dec 16, 2010 | $0.003 | OrdinaryDividend |
Aug 11, 2010 | $0.004 | ExtraDividend |
Dec 17, 2009 | $0.010 | OrdinaryDividend |
AWTPX - Fund Manager Analysis
Managers
Andreas Fruschki
Start Date
Tenure
Tenure Rank
Mar 31, 2008
14.18
14.2%
Mr. Fruschki, CFA, is the lead portfolio manager and Director of Equity Research – Europe with Allianz Global Investors, which he joined in 2005. Mr. Fruschki previously held various legal positions in Berlin and also worked as a consultant in the corporate-finance practice at PricewaterhouseCoopers in Hamburg, Germany. He has an M.B.A., focused on investment management, from the University of Western Sydney. Mr. Fruschki also has a law degree from Humboldt University, Berlin, and passed his judicial bar exam in 2004.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.16 | 24.18 | 7.67 | 0.54 |