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Virtus Income & Growth P AIGPX Fund Analysis

| Analyst rating as of | See Virtus Investment Hub

Morningstar’s Analysis AIGPX

Will AIGPX outperform in future?

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Virtus Officially Retains Virtus Income & Growth's Management Team; Ratings Maintained

Analyst Note


On July 21, 2022 Virtus confirmed that it will keep the same team that quickly transitioned from Allianz Global Investors to Voya Investment Management in recent weeks as managers of both Virtus Income & Growth AZNIX and Virtus Convertible ANNPX. This move was expected, and managers Justin Kass, Michael Yee, and David Oberto will continue to oversee Virtus Income & Growth using the same process and structure at their new firm. The strategy's Morningstar Analyst Rating remains Neutral across all share classes. In May, the SEC charged Allianz Global Investors--the team's former employer--with fraud and disqualified it from providing advisory services to U.S.-registered funds like this one by July 25, 2022. Voya reached an agreement with Allianz to take over some of its U.S. personnel and capabilities, including the San Diego-based Income & Growth team led by Kass. Virtus scrambled to find replacements on impacted strategies and conducted due diligence on the teams moving over to Voya before ultimately deciding to retain the tenured investment team here.

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