Virtus Investment Advisors remains the investment advisor on this strategy, but it will require the assignment of a new subadvisor. On May 17, 2022, the SEC announced that Allianz Global Investors U.S. LLC (AGI US), this strategy’s current subadvisor, admitted “to defrauding investors over multiple years, concealing losses and downside risks of a complex strategy, and failing to implement key risk controls” regarding their now-defunct Structured Alpha funds, which were primarily offered to institutional clients though the portfolio-management team also ran U.S.- and Luxembourg-registered funds. The registered funds were liquidated near the end of 2020.
Virtus AllianzGI Technology Inst DRGTX
NAV / 1-Day Return
54.31
/
3.43
%
Total Assets
1.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.150%
Expense Ratio
1.150%
Fee Level
High
Longest Manager Tenure
26.41
years
Category
Technology
Investment Style
Large GrowthMin. Initial Investment
1,000,000
Status
Open
TTM Yield
0.00%
Turnover
150%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DRGTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DRGTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DRGTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DRGTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Virtus AllianzGI Technology Placed Under Review Due to Pending Subadvisor Change
