Virtus Investment Partners, Inc. · NYSE:VRTS
Virtus Investment Partners — Investor Presentation (December 2023)
16 slides from Virtus Investment Partners's investor presentation, Dec 31, 2023
Slide 1: Virtus NFJ Mutual Funds
VIRTUS NFJ MUTUAL FUNDS December 31, 2023
Slide 2: Virtus Investment Partners
VIRTUS INVESTMENT PARTNERS MULTI-ASSET MANAGER KEY FACTS $172.3 Billion in AUM 2 2 38 2 Funds Rated 4 or 5 Stars1 Past performance is not indicative of future results. As of 12/31/23. 1Based on institutional-class or I shares. Please see page 15 for additional Morningstar disclosure. Strong ratings
Slide 3: NFJ Investment Group: Over 30 Years of Value Investing
NFJ INVESTMENT GROUP OVER 30 YEARS OF VALUE INVESTING KEY FACTS U.S. Portfolios ▪ Dividend Value ▪ Established 1989 ▪ Large Cap Value ▪ All Cap Value ▪ Dallas, TX ▪ Mid Cap Value ▪ Small Cap Value ▪ AUM: $6.7 billion ▪ Seasoned team, Non-U.S./Global Portfolios ▪ Emerging Markets Value averaging 20+
Slide 4: Investment Philosophy
NFJ INVESTMENT GROUP INVESTMENT PHILOSOPHY NFJ believes: NFJ’s Modern Value approach harnesses the power of advanced data analytics and fundamental expertise to identify quality value businesses. Valuation, shareholder yield, and quality are key to long-term investment success. Emphasizing diversifi
Slide 5: A Modern Approach to Value Investing
NFJ INVESTMENT GROUP A MODERN APPROACH TO VALUE INVESTING Fundamental …augmented by expertise… advanced data analytics MODERN Strict Valuation VALUE Idea Generation Capitalize on market dislocations INVESTING Real-time processing of while avoiding value traps fundamental data points Strong Stewards
Slide 6: Investment Team
NFJ INVESTMENT GROUP INVESTMENT TEAM John R. Mowrey, CFA Paul A. Magnuson Chief Investment Officer Senior Portfolio Manager/Analyst Senior Portfolio Manager/Analyst Industry/NFJ Start Year: 1985/1992 Industry/NFJ Start Year: 2007/2007 R. Burns McKinney, CFA Thomas W. Oliver, CFA, CPA Senior Portfoli
Slide 7: Investment Process Overview
INVESTMENT PROCESS OVERVIEW AN INTEGRATED APPROACH NFJ's Modern Value Approach combines advanced data analytics and other proprietary quantitative tools with fundamental analysis to identify attractively valued, high-quality companies. Idea Generation Portfolio Sell Fundamental Monitoring & Risk Dis
Slide 8: Idea Generation
IDEA GENERATION PROPRIETARY RESEARCH TOOL AND ADVANCED DATA ANALYTICS Uncovering unique valuation insights seeks to offer a competitive advantage and begins 1 with processing large amounts of data in an efficient and scalable manner The NFJ Research Workbench is ▪ Proprietary database tool spanning
Slide 9: Fundamental Analysis
FUNDAMENTAL ANALYSIS INVESTING AT THE INTERSECTION OF VALUATION, SHAREHOLDER YIELD, AND QUALITY 2 NFJ conducts a rigorous analysis of company fundamentals and financial output Quality Evaluation Valuation & Custom Peers Shareholder Yield Identify consistent and Identify attractive entry points Evalu
Slide 10: Portfolio Construction
PORTFOLIO CONSTRUCTION DIVERSIFICATION AND RISK MITIGATION 3 Seeks to construct a portfolio of quality companies diversified across industries that can help generate alpha and mitigate risk Position Sizing Sector ▪ Well-diversified holdings Positioning ▪ Mitigate idiosyncratic risk ▪ Maximum positio
Slide 11: Sell Discipline
SELL DISCIPLINE DISPASSIONATE APPROACH TO EXITING COMPANIES 4 NFJ’s strict sell discipline seeks to remove emotion from the investment process Valuation ▪ Stock becomes expensive on absolute and relative valuations Consideration ▪ Compared to historical average, broad market, and custom peers Qualit
Slide 12: Portfolio Monitoring and Risk Management
PORTFOLIO MONITORING AND RISK MANAGEMENT INTEGRATED THROUGHOUT THE INVESTMENT PROCESS Qualitative analysis and quantitative tools help identify and avoid idiosyncratic risks Internal Integrated Risk Management ◼ Portfolio risk is embedded throughout NFJ’s investment philosophy and process: – Portfol
Slide 13: Investing with NFJ
INVESTING WITH NFJ 01 A Three-Decade Strong 02 Modern Value 03 High Conviction / Value Foundation Investing Approach High Diversification ▪ History of identifying ▪ Proprietary tools and ▪ Quantitative methods to market mispricing methods to meet the eliminate emotional bias and trends through chall
Slide 14: Virtus NFJ Mutual Funds
VIRTUS NFJ MUTUAL FUNDS Each strategy subadvised by NFJ adheres to NFJ’s disciplined value investment philosophy and process, seeking attractively valued, fundamentally sound companies with an emphasis on quality and risk control. U.S. NON-U.S. Virtus NFJ Mid-Cap Virtus NFJ Dividend Virtus NFJ Small
Slide 15: Important Risk Considerations and Disclosures
IMPORTANT RISK CONSIDERATIONS AND DISCLOSURES Market Volatility The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pande
Slide 16: About Virtus
Virtus (NYSE: VRTS) is a distinctive partnership of boutique investment managers, singularly committed to the long-term success of individual and institutional investors. ◼ We are not constrained by a single investment approach; rather, we provide access to independent, specialized investment philos
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