Key Takeaways
- • Virtus AlphaSimplex Managed Futures Strategy Fund Class I shares outperformed its benchmark in Q4 2025, returning 4.09% versus the Credit Suisse Managed Futures Liquid Index's 3.85% return.
- • The Fund maintained broad diversification across multiple trend horizons and trend-following approaches during the fourth quarter, positioning for varied market conditions.
- • Equity markets demonstrated sustained strength in Q4 2025, with the S&P 500 Index reaching new all-time highs in December, driven particularly by international equity outperformance relative to U.S. equities.
Summary
The Virtus AlphaSimplex Managed Futures Strategy Fund delivered positive returns in the fourth quarter of 2025, with Class I shares generating 4.09% during the period, exceeding its benchmark performance. The Credit Suisse Managed Futures Liquid Index, the Fund's comparative benchmark, returned 3.85% for the same quarter, demonstrating the strategy's ability to capture additional value relative to its indexed alternative.
The quarter reflected continuity with market themes established earlier in 2025, characterized by broad-based equity market strength. The S&P 500 Index reached successive all-time highs, particularly during December, signaling sustained investor confidence and risk appetite. International equity markets demonstrated relative outperformance against U.S. equities over the quarter, indicating a broadening of the rally beyond domestic blue-chip stocks.
The Fund's performance benefited from its structural positioning, which emphasized broad diversification across multiple trend horizons and various trend-following methodologies. This multi-faceted approach to managed futures—incorporating both shorter and longer-term trend signals alongside diverse algorithmic approaches—enabled the strategy to navigate the market environment effectively and generate excess returns above benchmark levels. The emphasis on diversification across approach and time horizon represents a core risk management principle for managed futures strategies, particularly in environments where market correlations and volatility regimes can shift rapidly.
The quarter reflected continuity with market themes established earlier in 2025, characterized by broad-based equity market strength. The S&P 500 Index reached successive all-time highs, particularly during December, signaling sustained investor confidence and risk appetite. International equity markets demonstrated relative outperformance against U.S. equities over the quarter, indicating a broadening of the rally beyond domestic blue-chip stocks.
The Fund's performance benefited from its structural positioning, which emphasized broad diversification across multiple trend horizons and various trend-following methodologies. This multi-faceted approach to managed futures—incorporating both shorter and longer-term trend signals alongside diverse algorithmic approaches—enabled the strategy to navigate the market environment effectively and generate excess returns above benchmark levels. The emphasis on diversification across approach and time horizon represents a core risk management principle for managed futures strategies, particularly in environments where market correlations and volatility regimes can shift rapidly.
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