AGARX — Virtus Global Allocation Fund

AGARX Fund Overview

AGARX — Virtus Global Allocation Fund is a US mutual fund managed by Virtus Strategy Trust, categorised as United States Blend / Core Equity. 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: United States Blend / Core Equity
• Assets under management: $153.23M
• 1-year return: 25.3%
• Ticker: AGARX
• SEC CIK: 0001423227
• SEC series ID: S000025374
• Share class ID: C000075796

AGARX Investment Objective and Strategy

Virtus Global Allocation 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 after-inflation capital appreciation and current income.

Principal investment strategy

The Fund seeks to achieve its investment objective through a combination of active allocation between asset classes and actively managed strategies within those asset classes. The Fund allocates its investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers believe may affect the value of the Funds investments. In making investment decisions for the Fund, the portfolio managers seek to identify trends and turning points in the global markets. To gain exposure to the various asset classes, the Fund incorporates actively managed strategies and/or passive instruments. Under normal circumstances, the Fund achieves its desired exposures primarily by investing in certain affiliated mutual funds sponsored and managed by AllianzGI U.S.

and/or its affiliates (the Affiliated Underlying Funds). The Fund may also invest in unaffiliated mutual funds, exchange-traded funds (ETFs) and exchange-traded notes, other pooled vehicles and derivative instruments such as futures, among others. The Funds allocations to Affiliated Underlying Funds and other investments may vary over time and from time to time. The Fund invests directly and indirectly in globally diverse equity securities, including emerging market equities, and in U.S. dollar-denominated fixed income securities. The Funds baseline long-term allocation consists of 60% to global equity exposure (the Equity Component) and 40% to fixed income exposure (the Fixed Income Component), which is also the allocation of the blended benchmark index against which the Funds portfolio is managed.

The portfolio managers will typically over- or under-weight the Funds portfolio against this baseline long-term allocation, depending upon the portfolio managers view of the relative attractiveness of the investment opportunities available, which will change over time. The Fund may also use an Opportunistic Component whereby it invests up to 20% of its assets in any combination of the following asset classes: emerging market debt, international debt, intermediate and long-term high yield debt (commonly known as junk bonds), commodities, and U.S. and international small capitalization stocks and managed futures strategies. As a general rule, the portfolio managers seek to limit exposure, including notional exposure, to equity and equity-related instruments (regardless of whether such exposure is gained through the Equity Component or Opportunistic Component of the Funds portfolio) to 80% of the Funds net assets at the time of the investment.

Only securities, instruments or actively managed strategies whose primary purpose is to gain exposure to one or more of the opportunistic asset classes count toward the Opportunistic Components 20% limit. Thus, exposure to opportunistic asset classes resulting from investments in diversified underlying strategies are not included in the calculation of the Opportunistic Component of the Funds portfolio. For example, if an Affiliated Underlying Fund employs a diversified bond strategy that has a risk and volatility profile that the portfolio managers believe to be similar to (or less than) that of the Bloomberg Barclays U.S. Aggregate Bond index, any allocations within that Affiliated Underlying Fund to opportunistic asset classes, such as high yield or emerging market debt, would not count toward the Opportunistic Components 20% limit; however, direct allocations by the Fund to high yield or emerging market debt would be counted within the Funds Opportunistic Component.

Similarly, investments in certain alternative strategies, such as the AllianzGI PerformanceFee Managed Futures Strategy Fund, would be counted solely within the Funds Opportunistic Component, even though those strategies may provide exposure to one or more asset classes that would otherwise be counted within the Funds Equity Component or Fixed Income Component. The portfolio managers analyze market cycles, economic cycles and valuations, of each asset class and their components and may adjust the Funds exposures to individual holdings and asset classes. Depending on market conditions, the Equity Component may range between approximately 50% and 70% of the Funds assets and the Fixed Income Component may range between approximately 30% and 50% of the Funds assets. Apart from this strategic asset allocation, the Fund may use its Opportunistic Component.

The portfolio managers adjust the Funds exposure to the Equity Component, the Fixed Income Component, and the Opportunistic Component in response to momentum and momentum reversion signals in an effort to mitigate downside risk in times of severe market stress, and to increase the return potential in favorable markets. As a result of its derivative positions, the Fund may have gross investment exposures in excess of 100% of its net assets ( i.e. , the Fund may be leveraged) and therefore subject to heightened risk of loss. The Funds performance can depend substantially on the performance of assets or indices underlying its derivatives even though it does not directly or indirectly own those underlying assets or indices. The portfolio managers adjust the Funds exposure to the Equity Component, the Fixed Income Component, and the Opportunistic Component in response to momentum and momentum reversion signals in an effort to mitigate downside risk in times of severe market stress, and to increase the return potential in favorable markets.

While the portfolio managers attempt to mitigate the downside risk to stabilize performance, there can be no assurance that the Fund will be successful in doing so. Momentum is the tendency of investments to exhibit persistence in their performance. Momentum reversion is the tendency that a performance trend will ultimately change and move in an opposite direction. The portfolio managers believe negative momentum suggests future periods of negative investment returns and increased volatility. When the portfolio managers recognize negative momentum for an asset class, the Fund may reduce its exposure to that asset class. The portfolio managers believe positive momentum suggests future periods of positive investment returns and typical levels of market volatility. When the momentum signals for an asset class indicate positive momentum, the portfolio managers may increase the Funds exposure to that asset class.

In addition to the momentum and momentum reversion signals, the portfolio managers also apply fundamental analysis to locate opportunities to seek to improve the Funds return. Fundamental analysis may contribute to an adjustment of the Funds exposure to the asset classes that exhibit the strongest return prospects. The fundamental analysis attempts to locate opportunities not identified from momentum-related signals. After determining the asset allocation among the Components, the portfolio managers select particular investments in an effort to obtain exposure to the relevant mix of asset classes. The Fund may invest in any type of equity or fixed income security, including common and preferred stocks, mutual funds, ETFs, warrants and convertible securities, mortgage-backed securities, asset-backed securities and government and corporate bonds.

The Fund may invest in securities of companies of any capitalization, including smaller capitalization companies. The Fund also may make investments intended to provide exposure to one or more commodities or securities indices, currencies, and real estate-related securities. The Fund is expected to be highly diversified across industries, sectors, and countries. The Fund may liquidate a holding if it locates another instrument that offers a more attractive exposure to an asset class or when there is a change in the Funds target asset allocation, or if the instrument is otherwise deemed inappropriate. In implementing these investment strategies, the Fund may make substantial use of over-the-counter (OTC) or exchange-traded derivatives, including futures contracts, interest rate swaps, total return swaps, credit default swaps, options (puts and calls) purchased or sold by the Fund, currency forwards, and structured notes.

The Fund may use derivatives for a variety of purposes, including: as a hedge against adverse changes in the market price of securities, interest rates, or currency exchange rates; as a substitute for purchasing or selling securities; to increase the Funds return as a non-hedging strategy that may be considered speculative; and to manage portfolio characteristics. The Fund may maintain a significant percentage of its assets in cash and cash equivalents which will serve as margin or collateral for the Funds obligations under derivative transactions.

AGARX Holdings

Top 10 holdings of Virtus Global Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all AGARX holdings

AGARX Portfolio Allocation

Asset-class allocation of Virtus Global Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

AGARX Performance

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

AGARX Risk Information

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

• 1-year volatility (annualised): 10.6%

AGARX Costs and Fees

AGARX costs about $111 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.11%
• Gross expense ratio: 1.84%
• Portfolio turnover: 115%
• Brokerage commissions: 7.22 bps of average net assets (SEC N-CEN)

AGARX Cashflows

Over the 12 months to 2026-06, Virtus Global Allocation Fund had net outflows of $4.95M, from monthly SEC N-PORT filings.

AGARX Debt Constituents

Largest debt holdings of Virtus Global Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.

AGARX Prospectus and SEC Filings

Official Virtus Global Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-01-21
• Prospectus (485BPOS) — filed 2025-08-26
• Prospectus supplement (497) — filed 2025-08-25
• Portfolio holdings (N-PORT) — filed 2026-08-28
• Portfolio holdings (N-PORT) — filed 2026-06-01
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2025-12-15
• Annual census (N-CEN) — filed 2024-12-13

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

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.