Virtus KAR Mid-Cap Growth Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.0%
1 yr return
22.6%
3 Yr Avg Return
-5.6%
5 Yr Avg Return
9.7%
Net Assets
$1.58 B
Holdings in Top 10
45.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 14.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PHSKX - Profile
Distributions
- YTD Total Return 12.0%
- 3 Yr Annualized Total Return -5.6%
- 5 Yr Annualized Total Return 9.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.90%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Mid-Cap Growth Fund
-
Fund Family NameVirtus Funds
-
Inception DateJan 30, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDouglas Foreman
Fund Description
The fund invests in a select group of medium market capitalization growth companies believed by the subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies believed by the subadviser 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 depositary receipts.
Under normal circumstances, the fund invests at least 80% of its assets in equity securities of medium market capitalization companies. As of the date of this Prospectus, the fund’s subadviser considers medium 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 Midcap® 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 Midcap® Index over the past three years was $1.8 million to $74.2 billion. Generally, the fund invests in approximately 25 to 50 securities at any given time.
PHSKX - Performance
Return Ranking - Trailing
| Period | PHSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -1.8% | 123.7% | 80.15% |
| 1 Yr | 22.6% | 10.3% | 124.1% | 81.87% |
| 3 Yr | -5.6%* | -21.3% | 57.1% | 87.48% |
| 5 Yr | 9.7%* | -2.2% | 103.0% | 61.68% |
| 10 Yr | 12.6%* | 2.2% | 25.2% | 11.56% |
* Annualized
Return Ranking - Calendar
| Period | PHSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -27.7% | 68.0% | 33.72% |
| 2022 | -33.5% | -85.6% | 52.8% | 67.24% |
| 2021 | -0.3% | -74.9% | 238.3% | 46.03% |
| 2020 | 63.1% | -44.1% | 2474.5% | 5.74% |
| 2019 | 43.1% | -50.2% | 44.0% | 0.85% |
Total Return Ranking - Trailing
| Period | PHSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -1.8% | 123.7% | 80.15% |
| 1 Yr | 22.6% | 10.3% | 124.1% | 81.87% |
| 3 Yr | -5.6%* | -21.3% | 57.1% | 87.48% |
| 5 Yr | 9.7%* | -2.2% | 103.0% | 61.68% |
| 10 Yr | 12.6%* | 2.2% | 25.2% | 11.56% |
* Annualized
Total Return Ranking - Calendar
| Period | PHSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -26.1% | 68.0% | 39.46% |
| 2022 | -33.5% | -67.0% | 56.8% | 78.42% |
| 2021 | 1.2% | -23.5% | 342.2% | 91.87% |
| 2020 | 63.3% | 2.6% | 2549.1% | 9.02% |
| 2019 | 44.0% | 14.6% | 44.8% | 0.63% |
NAV & Total Return History
PHSKX - Holdings
Concentration Analysis
| PHSKX | Category Low | Category High | PHSKX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.58 B | 2.73 M | 100 B | 42.18% |
| Number of Holdings | 38 | 24 | 3581 | 87.60% |
| Net Assets in Top 10 | 637 M | 670 K | 11.3 B | 32.25% |
| Weighting of Top 10 | 45.04% | 4.5% | 97.8% | 14.50% |
Top 10 Holdings
- Fair Isaac Corp 8.48%
- Celsius Holdings Inc 6.18%
- Gartner Inc 5.00%
- Amphenol Corp 4.98%
- MercadoLibre Inc 4.19%
- Trade Desk Inc/The 3.72%
- Teradyne Inc 3.28%
- Equifax Inc 3.13%
- Global-e Online Ltd 3.11%
- Mettler-Toledo International Inc 2.98%
Asset Allocation
| Weighting | Return Low | Return High | PHSKX % Rank | |
|---|---|---|---|---|
| Stocks | 99.06% | 58.72% | 103.99% | 34.73% |
| Cash | 0.94% | 0.00% | 28.07% | 65.08% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 50.19% |
| Other | 0.00% | -0.04% | 14.45% | 58.02% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 42.94% |
| Bonds | 0.00% | 0.00% | 2.73% | 48.09% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PHSKX % Rank | |
|---|---|---|---|---|
| Technology | 43.52% | 0.04% | 62.17% | 4.96% |
| Consumer Cyclical | 14.07% | 0.00% | 57.41% | 53.63% |
| Healthcare | 13.09% | 0.00% | 37.06% | 81.49% |
| Industrials | 9.68% | 0.00% | 38.23% | 84.16% |
| Consumer Defense | 8.86% | 0.00% | 16.40% | 2.29% |
| Financial Services | 8.10% | 0.00% | 43.01% | 42.94% |
| Real Estate | 1.62% | 0.00% | 19.28% | 63.93% |
| Communication Services | 1.06% | 0.00% | 18.33% | 75.76% |
| Utilities | 0.00% | 0.00% | 12.94% | 57.44% |
| Energy | 0.00% | 0.00% | 62.10% | 78.44% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 86.83% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PHSKX % Rank | |
|---|---|---|---|---|
| US | 99.06% | 46.79% | 103.99% | 28.44% |
| Non US | 0.00% | 0.00% | 34.12% | 57.25% |
PHSKX - Expenses
Operational Fees
| PHSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.25% | 0.02% | 17.54% | 34.35% |
| Management Fee | 0.73% | 0.00% | 1.50% | 49.71% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.30% |
| Administrative Fee | 0.10% | 0.00% | 0.40% | 56.57% |
Sales Fees
| PHSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.00% | 5.75% | 58.73% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PHSKX 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.
| PHSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 14.00% | 0.00% | 250.31% | 14.80% |
PHSKX - Distributions
Dividend Yield Analysis
| PHSKX | Category Low | Category High | PHSKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 53.63% |
Dividend Distribution Analysis
| PHSKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
| PHSKX | Category Low | Category High | PHSKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.90% | -2.24% | 2.75% | 75.58% |
Capital Gain Distribution Analysis
| PHSKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2021 | $1.039 | CapitalGainLongTerm |
| Dec 22, 2020 | $0.069 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.258 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.185 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.454 | CapitalGainLongTerm |
| Dec 20, 2017 | $1.562 | CapitalGainLongTerm |
| Jun 22, 2017 | $0.126 | CapitalGainLongTerm |
| Dec 21, 2016 | $0.353 | CapitalGainLongTerm |
| Jun 22, 2015 | $0.338 | OrdinaryDividend |
| Dec 22, 2014 | $0.475 | CapitalGainLongTerm |
| Jun 20, 2014 | $0.216 | CapitalGainLongTerm |
PHSKX - Fund Manager Analysis
Managers
Douglas Foreman
Start Date
Tenure
Tenure Rank
Feb 22, 2012
10.28
10.3%
Doug Foreman, CFA , is CIO since 2014, playing a leadership role in Kayne’s equity investment operations. Before joining Kayne in 2011, he was director of equities at HighMark Capital Management (2009 to 2011). Prior to HighMark, Mr. Foreman was retired for two years (2007 to 2008) and was group managing director and chief investment officer of U.S. equities at Trust Company of the West (TCW)(1994 – 2006). He earned a B.S. in marine engineering from The U.S. Naval Academy and an M.B.A. with a concentration in finance from Harvard University. Mr. Foreman is a CFA holder.
Chris Armbruster
Start Date
Tenure
Tenure Rank
Jan 28, 2020
2.34
2.3%
Mr. Armbruster is a Portfolio Manager and Research Analyst at KAR with primary research responsibilities for the large-capitalization consumer discretionary, health care, and information technology sectors. Before joining Kayne Anderson Rudnick in 2013, Mr. Armbruster worked at B. Riley & Co. as an associate analyst covering special situations, and at Al Frank Asset Management as a vice president in equity research.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |