AMFAX – Virtus AlphaSimplex Mgd Futs Strat A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide capital appreciation. The Adviser typically will make extensive use of a variety of derivative instruments, including futures and forward contracts, to capture the exposures suggested by its absolute return strategy while also seeking to add value through volatility management. The Adviser uses proprietary quantitative models to identify price trends in equity, fixed-income, currency and commodity instruments across time periods of various lengths.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ASFYX	Virtus AlphaSimplex Managed Futures Strategy Fund Class I	Institutional	Open			Jul 30, 2010	$727.96M	1.450%	Below Average	$100,000	−$537.91M
AMFAX	Virtus AlphaSimplex Managed Futures Strategy Fund Class A	Front Load	Open			Jul 30, 2010	$27.98M	1.700%	Low	$2,500	−$17.37M
ASFCX	Virtus AlphaSimplex Managed Futures Strategy Fund Class C	Level Load	Closed			Jul 30, 2010	$10.63M	2.450%	Low	$2,500	−$1.74M
AMFNX	Virtus AlphaSimplex Managed Futures Strategy Fund Class R6	Retirement, Large	Open			May 1, 2017	$193.41M	1.330%	Average	$0	−$8.89M

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