Virtus Water’s Morningstar Analyst Rating is Under Review because it is receiving a new subadvisor. After the May 17, 2022, SEC announcement disqualifying Allianz Global Investors U.S. from providing advisory services to U.S.-registered firms, Virtus Investment Advisors had until July 25, 2022, to decide who would lead this strategy going forward. On July 21, 2022, Virtus hired Duff & Phelps, a Virtus-owned affiliate, to replace AGI here. It will be renamed to Virtus Duff & Phelps Water.
Morningstar’s Fund Analysis AWTPX
Will AWTPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AWTPX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AWTPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AWTPX’s parent organization’s priorities and whether they’re in line with investors’ interests.