Virtus Aviva Multi-Strategy Target Return Fund
Data updated: 2021-03-23
C000153648 — Virtus Aviva Multi-Strategy Target Return Fund. Money Market · $29.90M AUM · 1.53% expense ratio. Holdings, fees, performance and SEC filings.
C000153648 Fund Overview
Virtus Aviva Multi-Strategy Target Return Fund is a US mutual fund managed by Virtus Alternative Solutions Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Alternative Solutions Trust
- Category: Money Market
- Assets under management: $29.90M
- 1-year return: -0.2%
- SEC CIK: 0001589756
- SEC series ID: S000048832
- Share class ID: C000153648
C000153648 Investment Objective and Strategy
Virtus Aviva Multi-Strategy Target Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Alternative Solutions Trust.
Investment objective
The fund has an investment objective of long-term total return.
Principal investment strategy
"The fund seeks to achieve its investment objective by identifying and pursuing multiple ""strategies"" of the fund's subadviser, which are investment ideas and opportunities across and within a wide range of asset classes. The fund will utilize a large range of investments, including fixed income, currencies, equity, convertible securities (including contingent convertible securities), money market instruments, bank deposits, depositary receipts, collective investment vehicles, exchange-traded funds (ETFs) and derivative instruments to pursue its objective. Equity securities in which the fund invests will be of issuers of any market capitalization. Fixed income investments may be in bonds without regard to maturity or credit quality, including high-yield/high-risk securities (so-called ""junk bonds"").
Derivatives will be used extensively and may include futures, options, swaps, swaptions, total return swaps, foreign exchange options and forwards. The fund's investments may include securities of U.S. and foreign issuers, including securities of issuers in emerging markets countries and securities denominated in a currency other than the U.S. dollar. From time to time, the fund's portfolio may be focused in a particular market sector where the subadviser believes the best opportunities reside. The fund may take both long and synthetic short positions through the use of derivatives. Derivative usage may include but is not limited to derivatives on interest rates, inflation rates, bonds, credit, equity, financial indices, volatility, dividend payments and currencies. Derivatives usage may be for the purposes of hedging, efficient portfolio management, or investment and may be exchange traded or traded off exchange through market counterparties.
Certain of the derivatives used by the fund may be considered commodity interests under the Commodity Exchange Act and related regulations, and the fund's use of such investments may cause the fund to be deemed a commodity pool subject to regulation. The fund seeks to generate a positive return of 5% per annum above the Fed Funds Target Rate, on a gross of fees basis, on average, over rolling three year periods, with a portfolio volatility target of less than half the volatility of global equities, measured over the same rolling three year periods. To do so, the subadviser selects strategies based on views on asset classes, sectors, currencies, interest rates, inflation, and volatility. These strategies will be actively managed and will adjust over time, and may result in a high degree of portfolio turnover.
The fund is considered non-diversified under federal securities laws, which means that it may concentrate its investments in fewer issuers than permitted for diversified mutual funds."
C000153648 Performance
Total returns for C000153648 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.2% |
C000153648 Risk Information
Risk metrics for C000153648, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.6%
C000153648 Costs and Fees
C000153648 costs about $153 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.53%
- Gross expense ratio: 1.97%
- Portfolio turnover: 185%
- Brokerage commissions: 7.36 bps of average net assets (SEC N-CEN)
C000153648 Cashflows
Over the 12 months to 2021-01, Virtus Aviva Multi-Strategy Target Return Fund had net inflows of $24.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $7.64M |
| 2020-12 | $857.18K |
| 2020-11 | $1.15M |
| 2020-10 | $2.28M |
| 2020-09 | $558.88K |
| 2020-08 | $898.35K |
C000153648 Debt Constituents
No individual debt constituents are reported in Virtus Aviva Multi-Strategy Target Return Fund's latest SEC N-PORT filing.
C000153648 Prospectus and SEC Filings
Official Virtus Aviva Multi-Strategy Target Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-05
- Prospectus (485BPOS) — filed 2019-03-15
- Prospectus (485BPOS) — filed 2018-03-19
- Portfolio holdings (N-PORT) — filed 2021-03-23
- Portfolio holdings (N-PORT) — filed 2020-12-22
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Annual census (N-CEN) — filed 2021-01-12
- Annual census (N-CEN) — filed 2020-01-13
Related Funds
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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.