Virtus Aviva Multi-Strategy Trgt Ret R6
Name
As of 02/25/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.3%
1 yr return
1.6%
3 Yr Avg Return
1.5%
5 Yr Avg Return
1.2%
Net Assets
$26.3 M
Holdings in Top 10
45.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 213.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/25/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VMSRX - Profile
Distributions
- YTD Total Return -2.3%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.50%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameVirtus Aviva Multi-Strategy Target Return Fund
-
Fund Family NameVirtus
-
Inception DateNov 03, 2016
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPeter Fitzgerald
Fund Description
VMSRX - Performance
Return Ranking - Trailing
Period | VMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.3% | -73.0% | 13.4% | 92.20% |
1 Yr | 1.6% | -20.2% | 45.3% | 73.79% |
3 Yr | 1.5%* | -12.0% | 15.9% | 71.97% |
5 Yr | 1.2%* | -5.5% | 15.0% | 81.03% |
10 Yr | N/A* | -0.7% | 7.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | VMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -22.7% | 305.1% | 36.36% |
2022 | 10.5% | -9.8% | 27.3% | 12.50% |
2021 | -7.2% | -20.8% | 10.9% | 61.41% |
2020 | -2.2% | -12.4% | 29.4% | 92.89% |
2019 | N/A | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
Period | VMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.3% | -73.0% | 13.4% | 92.20% |
1 Yr | 1.6% | -20.2% | 45.3% | 65.17% |
3 Yr | 1.5%* | -12.0% | 15.9% | 65.53% |
5 Yr | 1.2%* | -5.5% | 15.0% | 78.45% |
10 Yr | N/A* | -0.7% | 7.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -22.7% | 305.1% | 36.36% |
2022 | 10.5% | -9.8% | 27.3% | 12.50% |
2021 | -7.2% | -20.8% | 10.9% | 72.61% |
2020 | -2.2% | -8.4% | 29.4% | 95.73% |
2019 | N/A | -10.2% | 18.0% | N/A |
NAV & Total Return History
VMSRX - Holdings
Concentration Analysis
VMSRX | Category Low | Category High | VMSRX % Rank | |
---|---|---|---|---|
Net Assets | 26.3 M | 1.49 M | 5.1 B | 81.47% |
Number of Holdings | 659 | 4 | 4377 | 28.14% |
Net Assets in Top 10 | 16.4 M | -107 M | 2.55 B | 73.56% |
Weighting of Top 10 | 45.46% | 9.9% | 100.0% | 60.00% |
Top 10 Holdings
- Dreyfus Government Cash Mgmt Instl 36.43%
- Invesco DB Gold 4.21%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
- E-mini Russell 2000 Index Future June 20 1.54%
Asset Allocation
Weighting | Return Low | Return High | VMSRX % Rank | |
---|---|---|---|---|
Cash | 61.88% | -14547.30% | 550.79% | 13.90% |
Stocks | 35.24% | -5.86% | 93.70% | 38.64% |
Other | 1.79% | -2.43% | 145.27% | 53.56% |
Bonds | 1.03% | -472.40% | 14620.47% | 86.78% |
Preferred Stocks | 0.07% | -0.12% | 45.43% | 38.98% |
Convertible Bonds | 0.00% | 0.00% | 87.52% | 97.63% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VMSRX % Rank | |
---|---|---|---|---|
Industrials | 20.60% | 0.00% | 24.55% | 2.55% |
Technology | 17.69% | 0.00% | 100.00% | 52.19% |
Healthcare | 13.29% | 0.00% | 47.53% | 22.99% |
Consumer Cyclical | 11.67% | 0.00% | 29.68% | 47.45% |
Communication Services | 10.03% | 0.00% | 21.78% | 31.75% |
Financial Services | 8.61% | 0.00% | 58.44% | 84.67% |
Basic Materials | 8.07% | 0.00% | 26.33% | 14.96% |
Consumer Defense | 6.62% | 0.00% | 16.49% | 43.07% |
Energy | 2.31% | 0.00% | 100.00% | 45.62% |
Real Estate | 1.03% | 0.00% | 78.90% | 83.58% |
Utilities | 0.10% | 0.00% | 20.17% | 95.62% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VMSRX % Rank | |
---|---|---|---|---|
US | 17.97% | -24.65% | 91.88% | 50.85% |
Non US | 17.27% | -24.99% | 42.11% | 22.37% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VMSRX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 50.17% | 0.27% | 100.00% | 34.92% |
Derivative | 49.68% | 0.00% | 91.28% | 9.83% |
Government | 0.10% | 0.00% | 81.98% | 84.07% |
Corporate | 0.06% | 0.00% | 88.09% | 70.51% |
Securitized | 0.00% | 0.00% | 89.57% | 97.63% |
Municipal | 0.00% | 0.00% | 26.35% | 96.61% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VMSRX % Rank | |
---|---|---|---|---|
US | 1.03% | -136.03% | 6319.42% | 84.41% |
Non US | 0.00% | -574.50% | 8301.05% | 85.76% |
VMSRX - Expenses
Operational Fees
VMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.98% | 0.29% | 31.15% | 47.77% |
Management Fee | 1.30% | 0.00% | 2.50% | 76.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.30% | 47.56% |
Sales Fees
VMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
VMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
VMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 213.00% | 0.00% | 491.00% | 73.11% |
VMSRX - Distributions
Dividend Yield Analysis
VMSRX | Category Low | Category High | VMSRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.14% | 95.64% |
Dividend Distribution Analysis
VMSRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
VMSRX | Category Low | Category High | VMSRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.50% | -1.93% | 6.83% | 88.32% |
Capital Gain Distribution Analysis
VMSRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2018 | $0.160 | |
Dec 28, 2017 | $0.020 | |
Dec 29, 2016 | $0.061 |
VMSRX - Fund Manager Analysis
Managers
Peter Fitzgerald
Start Date
Tenure
Tenure Rank
Jul 20, 2015
5.54
5.5%
Peter is a member of the Aviva Investors’ Executive team and leads our global Multi-asset and Macro investment team including responsibility for the team’s strategic direction. Additionally, he is a portfolio manager of the AIMS Target Return and Target Income funds. Peter is also chair of the Asset Allocation Committee. Peter began his career at Old Mutual in 1995 before joining BNP Wealth Management’s Multi-asset team. He has extensive international experience having worked in Asia, Latin America and Europe. Peter holds a postgraduate diploma in Education from Trinity College Dublin and a degree in European studies from the University of Cork. He is also a CFA® charterholder.
James McAlevey
Start Date
Tenure
Tenure Rank
Jun 14, 2018
2.64
2.6%
James manages the AIMS Fixed Income and AIMS Target Return Funds. He also leads our rates team. James is a permanent member of the Strategic Investment Group (‘SIG’), where all investment ideas that are proposed for inclusion in the AIMS portfolios are rigorously debated. Prior to joining Aviva Investors, James worked at Henderson Global Investors where he was Head of Interest Rates with a focus on alpha generation in the benchmark agnostic product offering. He previously worked on the hedge fund side of the business, where he gained insight and experience in the use and application of derivatives in an absolute return framework. James holds an MSc in Economics from the University of Bristol and is a CFA® charterholder.
Mark Robertson
Start Date
Tenure
Tenure Rank
Sep 17, 2018
2.38
2.4%
Mark is responsible for managing our suite of outcome-focused multi-strategy funds as well as leading our multi-strategy investment team. Mark joined Aviva Investors in September 2018 and heads the Multi-Strategy team. After beginning his portfolio management career with Bankers Trust during 2000 in Australia he moved to Investec in Ireland before returning to Sydney to take up a role with UBS. In 2006 he moved to ING to manage their multi asset portfolios. Mark moved to The Netherlands with ING in 2011 and held the role of Head of Multi-Asset portfolios under the rebranded entity NN Investment Partners. He has experience managing Fixed Income, Global Equity, FX, Multi-Asset and Multi Strategy portfolios with a focus on the use of behavioural finance techniques and the benefit that a data-driven approach can bring to the investment process. Mark holds a Masters of Applied Finance from Macquarie University, Australia and a Bachelor of Science from the University of Waikato, New Zealand.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.28 | 4.39 | 3.67 |