VAPAX — Virtus FORT Trend Fund
Data updated: 2023-08-25
VAPAX — Virtus FORT Trend Fund. United States Growth Equity · $93.07M AUM · 1.60% expense ratio. Holdings, fees, performance and SEC filings.
VAPAX Fund Overview
VAPAX — Virtus FORT Trend Fund is a US mutual fund managed by Virtus Opportunities Trust, categorised as United States Growth 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 Opportunities Trust
- Category: United States Growth Equity
- Assets under management: $93.07M
- 1-year return: -51.0%
- Ticker: VAPAX
- SEC CIK: 0001005020
- SEC series ID: S000029390
- Share class ID: C000090272
VAPAX Investment Objective and Strategy
Virtus FORT Trend Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Opportunities Trust.
Investment objective
The fund has an investment objective of long-term capital appreciation.
Principal investment strategy
The fund utilizes a rules based investment process and may invest in securities representing the approximately 130 sub-sectors of the primary sectors of the S&P 500 Index and/or cash equivalents (high-quality short-term securities). Allocations to each sub-sector are based on quantitative models. The fund has the flexibility to invest in any combination of the sub-sectors and high-quality short-term securities, or 100% in high-quality short-term securities. A relative strength momentum model is utilized to rank each sub-sector of the equity market. The fund will allocate to those sub-sectors that the model determines are more likely to outperform the broad market. A market risk indicator model is also used to determine whether the market is in a lower or higher level of risk based on price trends in the overall market.
When the market is determined to be in a higher level of risk, a defensive cash equivalent position may be built by allocating from those sub-sectors of the market that are not exhibiting absolute positive momentum, up to 100% of fund assets.
VAPAX Performance
Total returns for VAPAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -51.0% |
| 3 years (annualised) | -49.6% |
VAPAX Risk Information
Risk metrics for VAPAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.0%
VAPAX Costs and Fees
VAPAX costs about $160 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.60%
- Gross expense ratio: 1.59%
- Portfolio turnover: 0%
- Brokerage commissions: 8.52 bps of average net assets (SEC N-CEN)
VAPAX Cashflows
Over the 12 months to 2023-06, Virtus FORT Trend Fund had net inflows of $45.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $8.85M |
| 2023-05 | $3.83M |
| 2023-04 | $1.34M |
| 2023-03 | $3.06M |
| 2023-02 | $2.73M |
| 2023-01 | $3.87M |
VAPAX Debt Constituents
No individual debt constituents are reported in Virtus FORT Trend Fund's latest SEC N-PORT filing.
VAPAX Prospectus and SEC Filings
Official Virtus FORT Trend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-25
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus (485BPOS) — filed 2021-01-26
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-19
- Portfolio holdings (N-PORT) — filed 2023-02-28
- Annual census (N-CEN) — filed 2022-12-14
- Annual census (N-CEN) — filed 2021-12-14
Related Funds
Other United States Growth Equity funds tracked on ABC INVEST:
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.