Fund Evaluator:
Virtus Tactical Allocation A (NAINX)
Follow This Fund
Best Performing in Moderate Allocation Over the Last Year
| 20.5% | PGIM Real Assets Z (PUDZX) |
| 19.0% | State Farm Balanced (STFBX) |
| 18.5% | Archer Balanced (ARCHX) |
| 17.9% | Fidelity Advisor® Balanced Z (FBAVX) |
| 17.8% | Fidelity Balanced (FBALX) |
Fund Details
Virtus Tactical Allocation A Overview
Virtus Tactical Allocation A (NAINX) is an actively managed Allocation Moderate Allocation fund. Virtus launched the fund in 1940.
The investment seeks capital appreciation and income. The fund invests in U.S. equity, non-U.S. equity and fixed income securities using a tactical allocation approach. Generally, the following percentages apply: 25% to 60% invested in U.S. equity securities, 5% to 30% invested in non-U.S. equity securities and 35% to 60% invested in fixed income securities. The equity allocation is invested in common, preferred, and ADR securities. The fixed income allocation may be invested directly or indirectly in all sectors of fixed income investments.
About Virtus Tactical Allocation A (NAINX)
There are 6 members of the management team with an average tenure of 6.13 years: Stephen Hooker (2020), Hyung Kim (2019), Chris Armbruster (2020), Noran Eid (2023), Victor Zimmermann (2026), David Albrycht (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Virtus Tactical Allocation A has 370 securities in its portfolio. The top 10 holdings constitute 26.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Virtus Tactical Allocation A is part of the Allocation global asset class and is within the Allocation fund group. Virtus Tactical Allocation A has 28.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 31.7%. There is 22.6% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 42.3% (36.8% domestic bond, 5.5% foreign bond and 0.1% convertible bond). Virtus Tactical Allocation A has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $531 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NAINX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Tactical Allocation A expense ratio is high compared to funds in the Moderate Allocation category. Virtus Tactical Allocation A has an expense ratio of 0.99%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Tactical Allocation A has a portfolio turnover rate of 46%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of July 2026, Virtus Tactical Allocation A returned -2.0%, which earned it a grade of F, as the Moderate Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Virtus Tactical Allocation A has a trailing yield of 2.24%, which is above the 1.97% category average. The fund normally distributes its income quarterly and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus Tactical Allocation A Grades
Year to date, the fund has returned 0.1%, 6.4 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.6% over the past year (grade of F), 8.2% over the past three years (grade of F) and 1.5% per year over the past five years (grade of F) and 7.7% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Virtus Tactical Allocation A, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
NAINX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NAINX Return (NAV) | -2.0% | 1.8% | -0.6% | 8.2% | 1.5% | 7.7% |
| NAINX Grade | F | D | F | F | F | D |
| +/- Category | -1.8% | -0.3% | -13.6% | -3.8% | -5.1% | -0.8% |
| Moderate Allocation Avg | -0.3% | 2.1% | 13.1% | 12.0% | 6.6% | 8.5% |
| NAINX Tax Cost Ratio | na | na | 3.8% | 2.6% | 2.4% | 1.8% |
NAINX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NAINX Return (NAV) | 0.1% | 6.7% | 14.3% | 22.4% | -28.4% | 6.6% | 33.0% | 27.0% | -7.1% | 19.8% | 1.9% |
| NAINX Grade | F | F | B | A | F | F | A | A | D | A | F |
| +/- Category | -6.4% | -6.6% | 2.1% | 8.1% | -14.5% | -7.8% | 20.1% | 7.2% | -2.1% | 6.0% | -5.8% |
| Moderate Allocation Avg | 6.4% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 11.0% |
| Total Risk Index: | 0.90 - Average |
| Category Risk Index: | 1.20 - High |
| Category Risk Grade: | F (101% Rank) |
| Beta: | 1.06 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.2% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $555 Mil |
| Fund Total Assets: | $ 531 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 46% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 14.6 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Albrycht David (2011), Kim Hyung (2019), Armbruster Chris (2020), Hooker Stephen (2020), Eid Noran (2023), Zimmermann Victor (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 370 |
| % in Top 10 Holdings: | 26.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 28.1% |
Portfolio Allocation |
|
| Domestic Stock: | 31.7% |
| Foreign Stock: | 22.6% |
| Preferred Stock: | 0.3% |
| Domestic Bond: | 36.8% |
| Foreign Bond: | 5.5% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Virtus |
| Phone Number: | 800-243-1574 |
| Website: | www.virtusinvestmentpartners.com |
| Status: | Open |
| Inception Date: | September 6, 1940 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 100 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Virtus Tactical Allocation A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
