Virtus Global Allocation Fund (PALAX)
The investment seeks after-inflation capital appreciation and current income. The fund seeks to achieve its investment objective through a combination of active allocation between asset classes and actively managed strategies within those asset classes. It allocates its investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers believe may affect the value of the fund's investments. In making investment decisions for the fund, the portfolio managers seek to identify trends and turning points in the global markets.
Fund Info
ISIN | US92838V7670 |
---|---|
CUSIP | 01900C771 |
Issuer | Allianz Global Investors |
Inception Date | Sep 29, 1998 |
Category | Global Allocation |
Min. Investment | $2,500 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PALAX has a high expense ratio of 0.52%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Global Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Global Allocation Fund had a return of -0.50% year-to-date (YTD) and 4.83% in the last 12 months. Over the past 10 years, Virtus Global Allocation Fund had an annualized return of 4.18%, while the S&P 500 had an annualized return of 10.41%, indicating that Virtus Global Allocation Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.50% | 6.17% |
1 month | -2.16% | -2.72% |
6 months | 9.78% | 17.29% |
1 year | 4.83% | 23.80% |
5 years (annualized) | 4.89% | 11.47% |
10 years (annualized) | 4.18% | 10.41% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -1.00% | 1.31% | 2.69% | -4.17% | ||||||||
2023 | -2.98% | 7.57% | 4.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PALAX is 20, indicating that it is in the bottom 20% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Virtus Global Allocation Fund(PALAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Global Allocation Fund (PALAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Global Allocation Fund granted a 2.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.26 | $0.26 | $0.58 | $1.06 | $0.70 | $1.08 | $0.62 | $1.24 | $0.18 | $0.57 | $0.59 | $0.32 |
Dividend yield | 2.61% | 2.60% | 6.29% | 9.15% | 6.14% | 10.09% | 6.19% | 10.69% | 1.61% | 5.30% | 5.11% | 2.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Global Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.48 |
2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.95 |
2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 |
2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.95 |
2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.57 |
2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.16 |
2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.03 | $0.01 | $0.00 | $0.02 | $0.00 | $0.00 | $0.40 |
2014 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.39 |
2013 | $0.14 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Global Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Global Allocation Fund was 42.45%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Virtus Global Allocation Fund drawdown is 6.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-42.45% | Nov 1, 2007 | 338 | Mar 9, 2009 | 420 | Nov 4, 2010 | 758 |
-24.31% | Feb 20, 2020 | 23 | Mar 23, 2020 | 99 | Aug 12, 2020 | 122 |
-22.77% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
-21.75% | Mar 20, 2002 | 141 | Oct 9, 2002 | 236 | Sep 18, 2003 | 377 |
-17.29% | May 2, 2011 | 108 | Oct 3, 2011 | 239 | Sep 14, 2012 | 347 |
Volatility
Volatility Chart
The current Virtus Global Allocation Fund volatility is 3.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.