AERIX — Virtus AllianzGI Emerging Markets Consumer Fund

AERIX Fund Overview

AERIX — Virtus AllianzGI Emerging Markets Consumer Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Virtus Strategy Trust
• Category: Emerging Markets Real Estate
• Assets under management: $3.83M
• 1-year return: 6.6%
• Ticker: AERIX
• SEC CIK: 0001423227
• SEC series ID: S000047028
• Share class ID: C000146985

AERIX Investment Objective and Strategy

Virtus AllianzGI Emerging Markets Consumer Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Strategy Trust.

Investment objective

The Fund seeks long-term capital appreciation.

Principal investment strategy

The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in securities and instruments that are tied economically to emerging market countries and by investing at least 80% of its net assets (plus borrowings made for investment purposes) in securities of companies in the consumer and consumer-related sectors. The Fund currently defines emerging market countries as countries with securities markets that are, in the opinion of the portfolio managers, less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity and regulation. The Funds portfolio managers consider a security to be tied economically to a country with an emerging securities market if it is classified as an emerging market security by MSCI Inc.

(MSCI), incorporated in an Emerging Market Country (as defined below), traded on an exchange in an Emerging Market Country or if it has exposure to an Emerging Market Country. The Fund will normally invest primarily in companies located in the countries represented in the Funds primary benchmark index, which, as of the date of this Prospectus, is currently the MSCI Emerging Markets Index (Emerging Market Countries). The Fund seeks to capitalize on the economic growth, a significant young population, and expanding middle class consumption within emerging market countries via consumer-related companies. Generally, companies in the consumer and consumer-related sectors are companies principally engaged in the manufacture, sale or distribution of goods and services to consumers. The Fund may generally invest in all industries within the consumer staples, consumer discretionary and health care sectors, and select consumer-oriented industries within information technology, industrials, financials, real estate and telecommunications sectors.

The consumer staples sector comprises those companies whose consumer products are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages and tobacco and producers of non-durable household goods and personal products. It also includes food and drug retailing companies as well as hypermarkets and consumer super centers. The consumer discretionary sector encompasses those businesses whose consumer products tend to be the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable goods, leisure equipment and textiles and apparel. Its services segment includes hotels, restaurants and other leisure facilities, media production and services, and consumer retailing and services. The health care sector includes health care providers and services, companies that manufacture and distribute health care equipment and supplies and health care technology companies.

It also includes companies involved in the research, development, production and marketing of pharmaceuticals and biotechnology products. Consumer-oriented companies in other sectors may include, but are not limited to, airlines, wireless telecommunications, consumer-related financials, internet software and services, communication equipment and computers and peripherals industries. The Fund normally invests primarily in common stocks, either directly or indirectly through American Depositary Receipts (ADRs) and other depositary receipts. The Fund may also use participatory notes (P-Notes) to gain exposure to issuers in certain countries. The portfolio managers seek to invest in consumer-oriented securities in emerging and developed markets which they believe capitalize on secular growth of the emerging market consumer.

The portfolio managers believe that behavioral biases of investors contribute to market inefficiencies, which in turn can be exploited. The Funds investment universe consists primarily of approximately 1,300 emerging market consumer-related equities within the capitalization range of the MSCI Emerging Markets Index (between $814.8 million and $493.3 billion as of December 31, 2017) and approximately 200 developed market equities that the portfolio managers consider to have exposure to emerging markets. The investment process begins with a proprietary alpha model which blends behavioral and intrinsic-valuation factors in assessing individual securities prospects of outperforming the broader market. This multi-factor approach is integrated with a sophisticated risk model to form the basis of portfolio construction, with constraints at the individual security, industry and country levels to manage exposures relative to the benchmark index.

Additionally, all investment recommendations are thoroughly vetted on a bottom-up basis to confirm the investment thesis and suitability before a purchase or sale. The integrated relationship between research and portfolio management combines the latest research from the academic and investment management communities with real-world portfolio management experience to attempt to maximize excess return opportunities within a framework that seeks to control risk. In addition to common stocks, the Fund may invest in other equity securities (such as preferred stocks, convertible securities and warrants) and equity-related instruments. The Fund may invest in the securities of issuers of any market capitalization, including smaller capitalization companies, and may invest a portion of its assets in securities issued in initial public offerings (IPOs).

The Fund may utilize foreign currency exchange contracts, options, stock index futures contracts and other derivative instruments. Although the Fund does not expect to invest significantly in derivative instruments during its initial fiscal year, it may do so at any time.

AERIX Performance

Total returns for AERIX (as of 2026-10-01), from SEC filings.

AERIX Risk Information

Risk metrics for AERIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 14.2%

AERIX Costs and Fees

AERIX costs about $105 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.05%
• Gross expense ratio: 1.67%
• Portfolio turnover: 57%
• Brokerage commissions: 18.03 bps of average net assets (SEC N-CEN)

AERIX Cashflows

Over the 12 months to 2021-09, Virtus AllianzGI Emerging Markets Consumer Fund had net outflows of $13.49M, from monthly SEC N-PORT filings.

AERIX Debt Constituents

No individual debt constituents are reported in Virtus AllianzGI Emerging Markets Consumer Fund's latest SEC N-PORT filing.

AERIX Prospectus and SEC Filings

Official Virtus AllianzGI Emerging Markets Consumer Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-02-19
• Prospectus supplement (497) — filed 2021-06-14
• Prospectus supplement (497) — filed 2019-08-13
• Portfolio holdings (N-PORT) — filed 2021-11-18
• Portfolio holdings (N-PORT) — filed 2021-08-26
• Portfolio holdings (N-PORT) — filed 2021-05-07
• Annual census (N-CEN) — filed 2021-12-14
• Annual census (N-CEN) — filed 2020-12-09

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.