Virtus AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX)
| Fund Assets | 978.89M |
| Expense Ratio | 1.70% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.09 |
| Dividend Yield | 1.08% |
| Dividend Growth | 27.47% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 8.70 |
| YTD Return | 11.68% |
| 1-Year Return | 22.08% |
| 5-Year Return | 10.35% |
| 52-Week Low | 7.01 |
| 52-Week High | 8.87 |
| Beta (5Y) | n/a |
| Holdings | 145 |
| Inception Date | Jul 30, 2010 |
About AMFAX
Virtus AlphaSimplex Managed Futures Strategy Fund Class A is an alternative mutual fund focused on delivering absolute return through a systematic, trend-following approach. The fund primarily seeks long-term capital appreciation by targeting momentum patterns across a diversified array of liquid futures and forward contracts. Its investment universe spans global equities, fixed income, commodities, and currencies, allowing for both long and short positions depending on prevailing market trends. A distinguishing feature of this fund is its reliance on quantitative models designed to adapt dynamically to shifts in asset prices. This enables the fund to reposition quickly during periods of major market moves or dislocation, with the aim of capitalizing on identifiable trends regardless of market direction. The fund’s allocation strategy is diversified, with recent risk budgets distributed among equities, fixed income, currencies, and commodities. It is recognized for its low correlation with traditional stock and bond markets, providing a potential source of portfolio diversification. Managed futures products like this one have historically offered ‘crisis alpha’—the potential to generate positive returns during times of market stress or crisis. The fund is designed to serve institutional and individual investors seeking exposure to alternative, systematic investment strategies distinct from conventional equity and bond funds.
Performance
AMFAX had a total return of 22.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.70%.
Top 10 Holdings
40.14% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Government Cash Management Fund Institutional Shares | DGCXX | 7.40% |
| Skandinaviska Enskilda Banken AB (publ) 0% CP 27/04/2026 | n/a | 4.82% |
| BANK OF MONTREAL CHICAGO BRANCH - BMO F 05/07/26 YCD | n/a | 4.21% |
| United States Treasury Bills - B 0 04/09/26 | B.0 04.09.26 | 4.20% |
| MUFG Bank Ltd New York Branch 3.71% CP 07/05/2026 | n/a | 3.63% |
| Royal Bank of Canada New York Branch 4.3% CP 22/04/2026 | n/a | 3.37% |
| WESTPAC BANKING CORP NEW YORK BRANCH - WSTP F 04/20/26 YCD | n/a | 3.37% |
| DG Bank New York Branch 3.8% CD 04/08/2026 USD | n/a | 3.15% |
| Sumitomo Mitsui Trust Bank Ltd New York Branch 3.75% CP 25/06/2026 | n/a | 3.15% |
| Toronto Dominion Bank New York Branch 4.31% CP 10/04/2026 | n/a | 2.84% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.05246 | Dec 30, 2025 |
| Dec 16, 2025 | $0.08757 | Dec 16, 2025 |
| Dec 18, 2024 | $0.10985 | Dec 18, 2024 |
| Dec 20, 2023 | $0.02739 | Dec 20, 2023 |
| Dec 29, 2022 | $3.2817 | Dec 30, 2022 |
| Apr 7, 2022 | $0.0309 | Apr 8, 2022 |