Virtus AlphaSimplex Managed Futures Strategy Fund Class I

Virtus AlphaSimplex Managed Futures Strategy Fund Class I is a mutual fund structured to deliver capital appreciation through systematic exposure to price trends across global financial markets. The fund operates through an absolute return strategy that relies heavily on derivative instruments—primarily futures and forward contracts—to establish and manage positions in equities, fixed-income securities, currencies, and commodities without requiring direct ownership of underlying assets.

The fund's core methodology depends on proprietary quantitative models developed by Virtus Investment Advisers to identify price trends operating across varying time periods. This approach enables the strategy to target returns independent of traditional market direction, a characteristic common to managed futures programs. Complementing trend identification, the fund incorporates volatility management techniques designed to moderate drawdowns and smooth returns across market cycles.

As of October 2, 2026, the fund's Class I shares were trading at a net asset value of 9.26, reflecting a daily decline of 0.43% (or 0.04 per share). The fund maintains custody and administration through The Bank of New York Mellon, a standard arrangement for institutional-grade mutual fund operations. This structural setup is typical for institutional share classes targeting professional investors and advisory accounts.