Virtus Zevenbergen Technology Fund Institutional Class (DRGTX)

Overview

The fund is a financial instrument designed to deliver investment opportunities in the technology sector to its subscribers. It primarily targets the equities of U.S technology companies, promising an investment strategy that places a significant emphasis on common stocks and other U.S.-traded equity securities within this vibrant and ever-evolving sector. Notably, the fund is structured to maintain at least 80% of its net assets in such investments, a strategy aiming to leverage the dynamic growth potential of technology firms. It is geared towards investors looking to gain exposure to the technology sector through a focused and non-diversified portfolio, which signifies that it may invest more heavily in fewer selected assets, potentially increasing both the risk and reward for investors.

Products and Services

• Investment in U.S. Technology Companies' Common Stocks

  This core aspect of the fund's offering involves allocating a significant portion of its assets towards purchasing common stocks of U.S. companies operating within the technology sector. These common stocks represent equity interests in corporations, giving the investors a share of the ownership, which includes the right to vote on corporate matters and receive dividends. By focusing on technology companies, the fund seeks to tap into the growth and innovation-driven potential of this sector, aiming for higher returns on investments as the tech industry expands and evolves.

• Investment in Other U.S.-Traded Equity Securities of Technology Companies

  Expanding beyond common stocks, the fund also includes investments in other types of U.S.-traded equity securities issued by technology companies. This can encompass a variety of financial instruments such as preferred stocks, warrants, and convertible securities, offering different rights to holders than common stocks do, like priority over dividends or the ability to convert into a different form of security. This diversified approach within the tech sector aims to mitigate risks and exploit different growth opportunities within the market.

• ADR and Foreign Company Investment Strategy

  The fund’s strategy includes investment in American Depositary Receipts (ADRs) and securities of companies that, though traded in the U.S., are based or operate out of foreign countries. ADRs are a form of equity security designed to simplify foreign investing for American investors, representing shares in foreign companies but traded on U.S. exchanges. This component of the fund’s portfolio allows investors access to the global tech market, tapping into the innovative capabilities and growth potential of technology companies not just within the U.S., but globally. Through this, the fund aims to capture a broader spectrum of technology investments, diversifying beyond the domestic landscape to harness international opportunities and mitigate geographical risks.