Effective Feb. 1, Rahul Malhotra, a comanager at Virtus AllianzGI Global Allocation (previously AllianzGI Global Allocation), left the firm to pursue an external opportunity. Malhotra had been listed on the strategy since 2013 and was in charge of its 10% sleeve allocated to managed futures. Claudio Marsala, who heads the global multi asset liquid alternatives team, has been listed on the strategy replacing Malhotra. Given the collegial and process-driven nature of this managed-futures sleeve, we don’t expect these changes to be disruptive. All other named comanagers are unchanged, as is our Average People rating on the strategy.
Virtus AllianzGI Global Allocation Instl PALLX
NAV / 1-Day Return
11.61
/
0.26
%
Total Assets
296.0 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.680%
Expense Ratio
0.680%
Fee Level
Low
Longest Manager Tenure
11.94
years
Category
World Allocation
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
1.87%
Turnover
141%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PALLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PALLX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PALLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PALLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A Comanager Departure at AllianzGI Global Allocation Doesn't Change its Ratings
