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Trending ETFs

Virtus Duff & Phelps Water Fund

mutual fund
AWTIX
Payout Change
Pending
Price as of:
$21.4 -0.04 -0.19%
primary theme
Natural Resources Industry Equity
AWTIX (Mutual Fund)

Virtus Duff & Phelps Water Fund

Payout Change
Pending
Price as of:
$21.4 -0.04 -0.19%
primary theme
Natural Resources Industry Equity
AWTIX (Mutual Fund)

Virtus Duff & Phelps Water Fund

Payout Change
Pending
Price as of:
$21.4 -0.04 -0.19%
primary theme
Natural Resources Industry Equity

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.40

$636 M

0.84%

$0.18

1.24%

Vitals

YTD Return

12.9%

1 yr return

22.6%

3 Yr Avg Return

4.3%

5 Yr Avg Return

11.4%

Net Assets

$636 M

Holdings in Top 10

54.7%

52 WEEK LOW AND HIGH

$21.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.40

$636 M

0.84%

$0.18

1.24%

AWTIX - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 11.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Virtus Duff & Phelps Water Fund
  • Fund Family Name
    Allianz Funds
  • Inception Date
    Mar 31, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andreas Fruschki

Fund Description

The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of companies that are represented in one or more of the S&P Global Water Index, the NASDAQ OMX US Water or Global Water Indices, or the S-Network Global Water Index (Composite), or that are substantially engaged in water-related activities. Water-related activities consist of those that relate to the quality or availability of or demand for potable and non-potable water and include, but are not limited to, the following: water production, storage, transport and distribution; water supply enhancing or water demand-reducing technologies and materials; water planning, control and research; water conditioning, such as filtering, desalination, disinfection and purification; sewage and liquid waste treatment; and water delivery-related equipment and technology, consulting or engineering services relating to any of the above-mentioned activities. The specific activities that the fund may from time to time consider to qualify as “water-related activities” will change as markets, technologies and investment practices develop. The portfolio managers intend to diversify the fund’s investments across geographic regions. Under normal market conditions, the fund will typically invest (i) between 45%-75% of its total assets in U.S. securities, (ii) between 20%-45% of its total assets in European securities, and (iii) up to 25% of its total assets in Asia and other geographies. The fund may invest in emerging market securities.

The portfolio managers select investments on a bottom-up basis irrespective of market capitalization, geography, industry/sector or growth- or value-orientation, and may look for several of the following characteristics: higher than average sustainable growth; substantial capacity for growth of revenue and earnings; superior management; alignment to select United Nations Sustainable Development Goals (SDG’s) and other comparable societal goals; strong commitment to research and product development; and differentiated or superior product offerings addressing the structural demand drivers. The portfolio managers consider the level of active contribution to the improvement of water resource management during the stock selection process.

Companies’ Environmental, Social and Corporate Governance (“ESG”) practices are also considered as the portfolio managers believe this enhances the investment process.

The fund is “non-diversified,” which means that it may invest a significant portion of its assets in a relatively small number of issuers, which may increase risk. In addition to common stocks and other equity securities (such as preferred stocks and warrants), the fund may invest in securities issued in initial public offerings (IPOs), and may utilize foreign currency exchange contracts, options, and other derivative instruments. Although the fund did not invest significantly in derivative instruments as of the most recent fiscal year end, it may do so at any time.

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AWTIX - Performance

Return Ranking - Trailing

Period AWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -11.4% 37.9% 29.52%
1 Yr 22.6% -28.4% 90.8% 25.00%
3 Yr 4.3%* -12.1% 27.5% 66.99%
5 Yr 11.4%* -0.4% 27.4% 60.20%
10 Yr 8.1%* -7.2% 13.3% 14.63%

* Annualized

Return Ranking - Calendar

Period AWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -13.1% 52.1% 25.96%
2022 -21.4% -34.9% 34.0% 92.23%
2021 16.1% -4.9% 83.5% 89.11%
2020 14.8% -23.4% 126.4% 43.43%
2019 28.8% -25.1% 36.9% 8.16%

Total Return Ranking - Trailing

Period AWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -11.4% 37.9% 29.52%
1 Yr 22.6% -28.4% 90.8% 25.00%
3 Yr 4.3%* -12.1% 27.5% 66.99%
5 Yr 11.4%* -0.4% 27.4% 60.20%
10 Yr 8.1%* -7.2% 13.3% 14.63%

* Annualized

Total Return Ranking - Calendar

Period AWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -12.2% 57.6% 25.96%
2022 -20.8% -32.2% 35.5% 93.20%
2021 25.8% -2.5% 83.6% 61.39%
2020 17.0% -22.2% 127.8% 42.42%
2019 33.1% -25.1% 38.7% 7.14%

NAV & Total Return History


AWTIX - Holdings

Concentration Analysis

AWTIX Category Low Category High AWTIX % Rank
Net Assets 636 M 1.33 M 6.25 B 43.81%
Number of Holdings 34 25 445 92.38%
Net Assets in Top 10 345 M 512 K 3.57 B 46.67%
Weighting of Top 10 54.70% 16.6% 76.7% 28.57%

Top 10 Holdings

  1. Xylem Inc/NY 9.90%
  2. American Water Works Co Inc 7.86%
  3. Essential Utilities Inc 7.01%
  4. Severn Trent PLC 6.84%
  5. Tetra Tech Inc 4.23%
  6. Veolia Environnement SA 4.13%
  7. Ecolab Inc 3.91%
  8. Core Main Inc 3.84%
  9. United Utilities Group PLC 3.53%
  10. Stantec Inc 3.46%

Asset Allocation

Weighting Return Low Return High AWTIX % Rank
Stocks
99.04% 0.00% 101.45% 63.81%
Cash
0.96% 0.00% 22.14% 64.76%
Preferred Stocks
0.00% 0.00% 6.94% 97.14%
Other
0.00% -0.01% 21.04% 94.29%
Convertible Bonds
0.00% 0.00% 0.43% 97.14%
Bonds
0.00% 0.00% 81.02% 97.14%

Stock Sector Breakdown

Weighting Return Low Return High AWTIX % Rank
Industrials
63.52% 0.00% 63.67% 3.81%
Utilities
15.46% 0.00% 35.93% 12.38%
Healthcare
12.74% 0.00% 22.67% 4.76%
Basic Materials
4.29% 2.49% 100.00% 97.14%
Technology
3.99% 0.00% 17.68% 14.29%
Real Estate
0.00% 0.00% 36.20% 97.14%
Financial Services
0.00% 0.00% 4.52% 97.14%
Energy
0.00% 0.00% 89.67% 99.05%
Communication Services
0.00% 0.00% 0.21% 97.14%
Consumer Defense
0.00% 0.00% 33.96% 98.10%
Consumer Cyclical
0.00% 0.00% 43.37% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High AWTIX % Rank
US
70.51% 0.00% 100.01% 58.10%
Non US
28.53% 0.00% 89.20% 43.81%

AWTIX - Expenses

Operational Fees

AWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.08% 4.45% 37.14%
Management Fee 0.95% 0.00% 1.25% 86.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% 53.45%

Sales Fees

AWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

AWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 169.00% 32.32%

AWTIX - Distributions

Dividend Yield Analysis

AWTIX Category Low Category High AWTIX % Rank
Dividend Yield 0.84% 0.00% 12.19% 21.90%

Dividend Distribution Analysis

AWTIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

AWTIX Category Low Category High AWTIX % Rank
Net Income Ratio 1.57% -35.65% 6.21% 46.15%

Capital Gain Distribution Analysis

AWTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AWTIX - Fund Manager Analysis

Managers

Andreas Fruschki


Start Date

Tenure

Tenure Rank

Mar 31, 2008

14.18

14.2%

Mr. Fruschki, CFA, is the lead portfolio manager and Director of Equity Research – Europe with Allianz Global Investors, which he joined in 2005. Mr. Fruschki previously held various legal positions in Berlin and also worked as a consultant in the corporate-finance practice at PricewaterhouseCoopers in Hamburg, Germany. He has an M.B.A., focused on investment management, from the University of Western Sydney. Mr. Fruschki also has a law degree from Humboldt University, Berlin, and passed his judicial bar exam in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.63 0.54