GAFCX — Virtus AlphaSimplex Global Alternatives Fund, Class C
Data updated: 2026-08-28
GAFCX — Virtus AlphaSimplex Global Alternatives Fund, Class C. 2.29% expense ratio · 1.00% deferred sales charge. Holdings, fees, performance and SEC filings.
GAFCX Fund Overview
GAFCX — Virtus AlphaSimplex Global Alternatives Fund, Class C is a US mutual fund managed by Virtus Alternative Investment Advisers, LLC, categorised as Event-Driven. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Adviser: Virtus Alternative Investment Advisers, LLC
- Sub-adviser: AlphaSimplex Group, LLC
- Trust: Virtus Alternative Solutions Trust
- Category: Event-Driven
- Inception date: September 30, 2008
- Assets under management: $77.43M
- 1-year return: 13.9%
- Ticker: GAFCX
- SEC CIK: 0001589756
- SEC series ID: S000079777
- Share class ID: C000241131
- FIGI: BBG01GS66Z23
- LEI: 5493000L5JRHPCQVBL75
About GAFCX
Virtus AlphaSimplex Global Alternatives Fund (GAFCX) pursues absolute returns consistent with the risk-return characteristics of a diversified portfolio of hedge funds, with a secondary goal of less volatility than major equity indices. It uses extensive derivatives, such as futures, forwards and swaps, plus some direct securities, to gain long and short exposure across global equity, bond, currency and commodity markets. It targets annualized volatility of 9% or less. Its Class C shares cost 2.29% a year net (2.60% gross less a 0.31% fee waiver). They carry a maximum 1.00% deferred sales charge.
GAFCX Holdings
Top 10 holdings of Virtus AlphaSimplex Global Alternatives Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Govt Cash Mgmt-I | 50.09% |
| Cintas Corp. | 0.43% |
| Veeco Instruments, Inc. | 0.42% |
| Stride, Inc. | 0.42% |
| Axos Financial, Inc. | 0.39% |
| Northwestern Energy Group, Inc. | 0.38% |
| Paychex, Inc. | 0.37% |
| Cimpress PLC | 0.37% |
| Conagra Brands, Inc. | 0.36% |
| Ethan Allen Interiors, Inc. | 0.36% |
GAFCX Portfolio Allocation
Asset-class allocation of Virtus AlphaSimplex Global Alternatives Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 50.1% |
| Equity | 33.9% |
GAFCX Performance
Total returns for GAFCX through June 2026, from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.39% |
| 1 year | 13.86% |
| 3 years (annualised) | 0.87% |
GAFCX Risk Information
Risk metrics for GAFCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.27%
GAFCX Costs and Fees
GAFCX costs about $229 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.29%
- Gross expense ratio: 2.60%
- Portfolio turnover: 514%
- Brokerage commissions: 12.60 bps of average net assets (SEC N-CEN)
GAFCX Cashflows
Over the 12 months to 2026-06, Virtus AlphaSimplex Global Alternatives Fund had net outflows of $55.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$360.65K |
| 2026-05 | $944.65K |
| 2026-04 | −$463.67K |
| 2026-03 | −$388.88K |
| 2026-02 | −$2.59M |
| 2026-01 | −$2.21M |
GAFCX Debt Constituents
No individual debt constituents are reported in Virtus AlphaSimplex Global Alternatives Fund's latest SEC N-PORT filing.
GAFCX Prospectus and SEC Filings
Official Virtus AlphaSimplex Global Alternatives Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-21
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-25
- 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 2026-03-13
- Annual census (N-CEN) — filed 2025-03-17
GAFCX Service Providers
Firms that manage, distribute, hold, administer and audit Virtus AlphaSimplex Global Alternatives Fund, as reported on SEC Form N-CEN, fiscal year ending December 31, 2025.
- Adviser: Virtus Alternative Investment Advisers, LLC
- Sub-adviser: AlphaSimplex Group, LLC
- Distributor: VP Distributors, LLC
- Custodian: The Bank of New York Mellon
- Transfer agent: Virtus Fund Services, LLC
- Administrator: Virtus Fund Services, LLC
- Auditor: PricewaterhouseCoopers LLP
Related Funds
Other Event-Driven funds tracked on ABC INVEST:
GAFCX: Frequently Asked Questions
What is the expense ratio of Virtus AlphaSimplex Global Alternatives Fund (GAFCX)?
GAFCX has a net expense ratio of 2.29%, about $229 a year for every $10,000 invested. That is after a 0.31% fee waiver on a gross ratio of 2.60%. GAFCX fees and costs
Does GAFCX charge a sales load?
GAFCX has no front-end load, but a deferred sales charge of up to 1.00% may apply when shares are sold.
What are GAFCX's top holdings?
As of June 30, 2026, GAFCX held 830 positions. The largest are Dreyfus Govt Cash Mgmt-I (50.09%), Cintas Corp. (0.43%), Veeco Instruments, Inc. (0.42%), Stride, Inc. (0.42%) and Axos Financial, Inc. (0.39%). All GAFCX holdings
Can I download the full list of GAFCX holdings?
Yes. The complete GAFCX holdings list as of June 30, 2026 can be downloaded as a CSV file from the Holdings page: holding, ticker, FIGI, sector, country, asset type, shares, value and share of net assets, from the fund's SEC N-PORT filing. Download GAFCX holdings (CSV)
How has Virtus AlphaSimplex Global Alternatives Fund performed?
GAFCX returned +13.9% over the 12 months to June 2026, +0.9% a year over 3 years. GAFCX performance and risk
How large is GAFCX?
GAFCX manages $77.43M (SEC N-PORT, June 2026). Investors withdrew a net $55.50M over the past 12 months.
Who manages GAFCX and when did it launch?
GAFCX is managed by Virtus Alternative Investment Advisers, LLC, with AlphaSimplex Group, LLC as sub-adviser. It is a series of Virtus Alternative Solutions Trust. It launched on September 30, 2008.
How does GAFCX compare with similar Event-Driven funds?
Among 7 Event-Driven funds, GAFCX ranks #7 of 7 on net expense ratio (2.29%) and #2 of 4 by assets. The largest is AQR Diversified Arbitrage Fund (QDARX). Compare GAFCX with QDARX
Where can I find GAFCX's prospectus and SEC filings?
GAFCX's latest prospectus (485BPOS) was filed April 21, 2026 and its latest N-PORT holdings report was filed August 28, 2026. All 20 filings are linked on ABC INVEST and on SEC EDGAR (series S000079777). GAFCX SEC filings
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, and annual data from Form N-CEN.
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.