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Virtus Duff & Phelps Water A AWTAX

Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 20.05  /  −0.59 %
  • Total Assets 630.7 Mil
  • Adj. Expense Ratio
  • Expense Ratio 1.220%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Natural Resources
  • Investment Style Mid Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.58%
  • Turnover 19%

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis AWTAX

Will AWTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Virtus Duff & Phelps Water's Rating Is Under Review Following Comanager's Sudden Departure

null William Samuel Rocco

William Samuel Rocco

Analyst Note

Virtus recently disclosed that Evan Lang gave up his comanager position on Virtus Duff & Phelps Water on April 5, 2024, and had left the firm. David Grumhaus, who is the CIO of Duff & Phelps and who became a comanager on the fund in mid-2022, remains in place and has 31 years of investment experience. Nick Holmes, who became a comanager on the fund in early 2023 and has 14 years of experience, also remains in place. Three analysts continue to provide support, though a former member retired in 2023. The fund's process remains the same, and the team is continuing to target sustainable water solutions and invest in companies actively addressing water scarcity and quality issues to improve the sustainability of global water resources. Given Grumhaus' and Holmes' fairly short tenures on the fund and the significance of Lang's loss, the strategy's Morningstar Medalist Rating is now Under Review.

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Portfolio Holdings AWTAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 51.6
Top 10 Holdings
% Portfolio Weight
Market Value USD

Xylem Inc

9.74 63.7 Mil

Essential Utilities Inc

5.22 34.1 Mil

Severn Trent PLC

5.09 33.3 Mil

Ecolab Inc

4.96 32.5 Mil
Basic Materials

Core & Main Inc Class A

4.95 32.4 Mil

Tetra Tech Inc

4.78 31.3 Mil

Pentair PLC

4.67 30.6 Mil

American Water Works Co Inc

4.58 30.0 Mil

Veolia Environnement SA

3.84 25.2 Mil


3.73 24.4 Mil