Virtus KAR Small-Cap Value Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.4%
1 yr return
14.4%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
7.4%
Net Assets
$812 M
Holdings in Top 10
45.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQSAX - Profile
Distributions
- YTD Total Return -3.4%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.14%
- Dividend Yield 1.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Small-Cap Value Fund
-
Fund Family NameVirtus Funds
-
Inception DateNov 03, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulie Kutasov
Fund Description
The fund pursues long-term capital appreciation in the small market capitalization sector while seeking to incur less risk than the small capitalization value market. The fund invests in a select group of small market capitalization companies believed by the fund’s subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs).
Under normal circumstances, the fund invests at least 80% of its assets in common stocks of small market capitalization companies. As of the date of this Prospectus, the fund’s subadviser considers small market capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations generally within the range of companies included in the Russell 2000® Value Index on a rolling three-year basis. On this basis, as of September 30, 2023, the total market
capitalization range of companies included in the Russell 2000® Value Index over the past three years was $43,500 to $25.5 billion. Generally, the fund invests in approximately 25 to 35 securities at any given time.
PQSAX - Performance
Return Ranking - Trailing
Period | PQSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.4% | -9.0% | 13.6% | 87.17% |
1 Yr | 14.4% | -4.7% | 45.9% | 23.42% |
3 Yr | -4.3%* | -25.0% | 58.4% | 34.23% |
5 Yr | 7.4%* | -4.2% | 44.3% | 28.60% |
10 Yr | 8.0%* | 1.2% | 24.5% | 48.74% |
* Annualized
Return Ranking - Calendar
Period | PQSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.0% | -20.5% | 54.6% | 45.42% |
2022 | -26.8% | -82.1% | 32.2% | 27.32% |
2021 | 17.2% | -90.6% | 300.1% | 4.68% |
2020 | 27.0% | -63.0% | 127.9% | 55.60% |
2019 | 23.9% | -7.7% | 42.9% | 41.73% |
Total Return Ranking - Trailing
Period | PQSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.4% | -9.0% | 13.6% | 87.17% |
1 Yr | 14.4% | -4.7% | 45.9% | 23.42% |
3 Yr | -4.3%* | -25.0% | 58.4% | 34.23% |
5 Yr | 7.4%* | -4.2% | 44.3% | 28.60% |
10 Yr | 8.0%* | 1.2% | 24.5% | 48.74% |
* Annualized
Total Return Ranking - Calendar
Period | PQSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.3% | -19.0% | 136.8% | 33.98% |
2022 | -24.5% | -59.9% | 44.3% | 28.57% |
2021 | 19.2% | -22.7% | 411.9% | 15.50% |
2020 | 27.8% | 1.5% | 150.8% | 75.75% |
2019 | 24.6% | 5.5% | 55.3% | 77.69% |
NAV & Total Return History
PQSAX - Holdings
Concentration Analysis
PQSAX | Category Low | Category High | PQSAX % Rank | |
---|---|---|---|---|
Net Assets | 812 M | 207 K | 34.3 B | 40.52% |
Number of Holdings | 31 | 7 | 1180 | 96.87% |
Net Assets in Top 10 | 360 M | 57.4 K | 2.83 B | 34.43% |
Weighting of Top 10 | 45.23% | 7.1% | 100.1% | 8.89% |
Top 10 Holdings
- Watsco Inc 6.97%
- Houlihan Lokey Inc 5.30%
- Thor Industries Inc 4.76%
- RBC Bearings Inc 4.39%
- Construction Partners Inc 4.27%
- EVERTEC Inc 3.96%
- Azenta Inc 3.95%
- Hillman Solutions Corp 3.92%
- Landstar System Inc 3.91%
- HB Fuller Co 3.81%
Asset Allocation
Weighting | Return Low | Return High | PQSAX % Rank | |
---|---|---|---|---|
Stocks | 98.04% | 77.88% | 108.99% | 53.22% |
Cash | 1.96% | 0.00% | 26.25% | 48.87% |
Preferred Stocks | 0.00% | 0.00% | 3.53% | 86.61% |
Other | 0.00% | -0.22% | 5.89% | 86.43% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 85.39% |
Bonds | 0.00% | 0.00% | 3.22% | 85.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PQSAX % Rank | |
---|---|---|---|---|
Industrials | 36.64% | 0.00% | 36.64% | 0.70% |
Financial Services | 20.08% | 0.00% | 42.95% | 3.13% |
Consumer Cyclical | 18.74% | 0.00% | 24.04% | 4.70% |
Technology | 8.29% | 2.91% | 75.51% | 98.96% |
Basic Materials | 6.66% | 0.00% | 9.24% | 2.78% |
Healthcare | 6.47% | 0.00% | 47.90% | 96.87% |
Consumer Defense | 3.12% | 0.00% | 13.56% | 66.09% |
Utilities | 0.00% | 0.00% | 5.57% | 88.87% |
Real Estate | 0.00% | 0.00% | 15.31% | 96.00% |
Energy | 0.00% | 0.00% | 55.49% | 96.00% |
Communication Services | 0.00% | 0.00% | 15.31% | 97.57% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PQSAX % Rank | |
---|---|---|---|---|
US | 98.04% | 30.27% | 102.09% | 43.65% |
Non US | 0.00% | 0.00% | 61.74% | 89.74% |
PQSAX - Expenses
Operational Fees
PQSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.22% | 0.05% | 23.20% | 49.30% |
Management Fee | 0.70% | 0.05% | 1.62% | 27.35% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 61.39% |
Administrative Fee | 0.10% | 0.01% | 0.40% | 61.39% |
Sales Fees
PQSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.50% | 3.50% | 5.75% | 70.67% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PQSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PQSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 3.00% | 439.00% | 5.83% |
PQSAX - Distributions
Dividend Yield Analysis
PQSAX | Category Low | Category High | PQSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.01% | 0.00% | 6.96% | 3.48% |
Dividend Distribution Analysis
PQSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
PQSAX | Category Low | Category High | PQSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.14% | -2.47% | 1.10% | 6.17% |
Capital Gain Distribution Analysis
PQSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.694 | OrdinaryDividend |
Dec 21, 2022 | $0.671 | OrdinaryDividend |
Dec 22, 2020 | $0.153 | OrdinaryDividend |
Dec 20, 2019 | $0.111 | OrdinaryDividend |
Jun 20, 2013 | $0.050 | OrdinaryDividend |
Dec 20, 2012 | $0.120 | OrdinaryDividend |
Jun 21, 2012 | $0.126 | OrdinaryDividend |
Dec 21, 2011 | $0.054 | OrdinaryDividend |
Jun 22, 2011 | $0.053 | OrdinaryDividend |
Dec 22, 2010 | $0.087 | OrdinaryDividend |
Jun 22, 2010 | $0.056 | OrdinaryDividend |
Dec 22, 2009 | $0.056 | OrdinaryDividend |
Jun 22, 2009 | $0.053 | OrdinaryDividend |
Dec 22, 2008 | $0.074 | OrdinaryDividend |
PQSAX - Fund Manager Analysis
Managers
Julie Kutasov
Start Date
Tenure
Tenure Rank
Apr 14, 2008
14.14
14.1%
Julie Kutasov is a Portfolio Manager and a Senior Research Analyst with primary research responsibilities for the small and mid-capitalization energy and financials sectors. Before joining Kayne Anderson Rudnick in 2001, she worked at Goldman Sachs in a program focused on investment management for high-net worth individuals and at Arthur Andersen as a Senior Associate leading teams that provided financial-audit and business-advisory services to a variety of clients in service-related industries. Ms. Kutasov holds a Certified Public Accountant license (currently inactive) in the state of California. She has approximately 16 years of equity research experience. Ms. Kutasov earned a B.A. in Business Economics from the University of California, Los Angeles, where she graduated summa cum laude, and an M.B.A. from Harvard Business School.
Craig Stone
Start Date
Tenure
Tenure Rank
Feb 25, 2009
13.27
13.3%
Craig Stone is a Portfolio Manager and a Senior Research Analyst with primary research responsibilities for the small and mid-capitalization producer-durables sector. He has approximately 29 years of equity research experience. Before joining Kayne Anderson Rudnick in 2000, Mr. Stone was a Portfolio Manager at Doheny Asset Management. He earned a B.S. in International Business from San Francisco State University and an M.B.A. from the University of Southern California.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.01 | 5.25 |