Virtus KAR Emerging Markets Small-Cap Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
17.4%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
N/A
Net Assets
$293 M
Holdings in Top 10
41.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VRESX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.72%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Emerging Markets Small-Cap Fund
-
Fund Family NameVirtus
-
Inception DateAug 01, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCraig Thrasher
Fund Description
The fund pursues capital appreciation in emerging markets small-cap equities. The fund invests in a select group of small-cap companies believed by the subadviser to be undervalued relative to their future market growth potential. The investment strategy emphasizes companies that the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles.
Under normal circumstances, the fund invests at least 80% of its assets in equity or equity-linked securities of small capitalization companies located in emerging markets countries. The fund’s subadviser considers small-capitalization companies to be those companies that, at the time of initial purchase, have market capitalizations of less than $8 billion. Emerging markets countries generally include every nation in the world except the U.S., Canada, Japan, Australia, New Zealand and most nations located in Western Europe. The fund intends to diversify its investments among countries and normally to have represented in the portfolio business activities of a number of different countries. In determining “location” of an issuer, the subadviser primarily relies on the country where the issuer is incorporated. However, the country of risk is ultimately determined based on analysis of the following criteria: actual building address (domicile), primary exchange on which the security is traded and country in which the greatest percentage of company revenue or profit is generated. This evaluation is conducted so as to determine that the issuer’s assets are exposed to the economic fortunes and risks of the designated country. Equity securities in which the fund invests include common stocks, preferred stocks and American Depositary Receipts (ADRs). The subadviser does not use allocation models to restrict the fund’s investments to certain regions, countries or industries. Generally, the fund invests in approximately 30-60 securities at any given time.
VRESX - Performance
Return Ranking - Trailing
Period | VRESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -9.6% | 11.5% | 60.84% |
1 Yr | 17.4% | -9.4% | 34.0% | 12.62% |
3 Yr | -2.5%* | -23.8% | 7.6% | 20.61% |
5 Yr | N/A* | -7.5% | 11.1% | 10.89% |
10 Yr | N/A* | -3.1% | 6.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | VRESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.7% | -6.5% | 35.5% | 1.63% |
2022 | -24.0% | -50.1% | -2.4% | 45.59% |
2021 | -9.8% | -33.1% | 22.5% | 71.34% |
2020 | 37.3% | -22.1% | 80.1% | 5.10% |
2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
Period | VRESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -9.6% | 11.5% | 60.84% |
1 Yr | 17.4% | -9.4% | 34.0% | 12.62% |
3 Yr | -2.5%* | -23.8% | 7.6% | 20.61% |
5 Yr | N/A* | -7.5% | 11.1% | 9.80% |
10 Yr | N/A* | -3.1% | 6.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VRESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.7% | -2.7% | 42.0% | 3.80% |
2022 | -24.0% | -42.2% | 1.9% | 61.82% |
2021 | -1.5% | -32.5% | 33.1% | 50.81% |
2020 | 39.1% | -20.0% | 81.6% | 5.56% |
2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
VRESX - Holdings
Concentration Analysis
VRESX | Category Low | Category High | VRESX % Rank | |
---|---|---|---|---|
Net Assets | 293 M | 682 K | 103 B | 58.31% |
Number of Holdings | 41 | 10 | 7049 | 93.43% |
Net Assets in Top 10 | 120 M | 118 K | 19.2 B | 52.55% |
Weighting of Top 10 | 41.67% | 0.7% | 140.4% | 22.68% |
Top 10 Holdings
- Baltic Classifieds Group PLC 6.83%
- Grupa Pracuj SA 5.52%
- Tegma Gestao Logistica SA 4.56%
- Oracle Financial Services Software Ltd 4.13%
- Union Auction PCL 3.86%
- Wirtualna Polska Holding SA 3.73%
- Heineken Malaysia Bhd 3.48%
- Allegro.eu SA 3.35%
- Rightmove PLC 3.27%
- Carlsberg Brewery Malaysia Bhd 2.93%
Asset Allocation
Weighting | Return Low | Return High | VRESX % Rank | |
---|---|---|---|---|
Stocks | 96.03% | 0.00% | 103.65% | 63.27% |
Cash | 3.97% | -2.03% | 99.29% | 14.75% |
Preferred Stocks | 0.00% | 0.00% | 10.09% | 77.61% |
Other | 0.00% | -1.59% | 50.31% | 60.86% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 49.26% |
Bonds | 0.00% | 0.00% | 94.30% | 54.96% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VRESX % Rank | |
---|---|---|---|---|
Industrials | 29.61% | 0.00% | 43.53% | 0.41% |
Technology | 19.83% | 0.00% | 47.50% | 69.74% |
Consumer Defense | 14.01% | 0.00% | 25.90% | 4.61% |
Communication Services | 11.37% | 0.00% | 39.29% | 18.72% |
Financial Services | 11.03% | 0.00% | 48.86% | 93.76% |
Healthcare | 5.06% | 0.00% | 16.53% | 31.21% |
Basic Materials | 4.02% | 0.00% | 30.03% | 81.00% |
Consumer Cyclical | 3.59% | 0.00% | 48.94% | 98.51% |
Energy | 1.49% | 0.00% | 24.80% | 80.33% |
Utilities | 0.00% | 0.00% | 39.12% | 84.12% |
Real Estate | 0.00% | 0.00% | 17.15% | 92.13% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VRESX % Rank | |
---|---|---|---|---|
Non US | 90.13% | 0.00% | 100.18% | 32.71% |
US | 5.90% | 0.00% | 99.51% | 65.82% |
VRESX - Expenses
Operational Fees
VRESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.43% | 0.03% | 24.48% | 43.61% |
Management Fee | 1.20% | 0.00% | 2.00% | 93.56% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.85% | 54.87% |
Sales Fees
VRESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
VRESX 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.
VRESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 189.00% | 44.81% |
VRESX - Distributions
Dividend Yield Analysis
VRESX | Category Low | Category High | VRESX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.26% | 95.84% |
Dividend Distribution Analysis
VRESX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
VRESX | Category Low | Category High | VRESX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.72% | -1.98% | 17.62% | 49.37% |
Capital Gain Distribution Analysis
VRESX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2021 | $1.432 | OrdinaryDividend |
Dec 22, 2020 | $0.215 | OrdinaryDividend |
Dec 20, 2019 | $0.273 | OrdinaryDividend |
VRESX - Fund Manager Analysis
Managers
Craig Thrasher
Start Date
Tenure
Tenure Rank
Dec 17, 2013
8.46
8.5%
Craig Thrasher, CFA, is a Portfolio Manager and Research Analyst at Kayne. Before joining Kayne Anderson Rudnick in 2008, Mr. Thrasher worked at Kirr, Marbach & Company as an Equity Analyst and at Wedbush Morgan Securities in correspondent credit. He has approximately 14 years of equity research experience. Mr. Thrasher earned a B.S. in Business and Public Administration, concentration in Finance, from the University of Arizona, and an M.B.A. from the University of Chicago, Graduate School of Business. Mr. Thrasher is a Chartered Financial Analyst charterholder.
Hyung Kim
Start Date
Tenure
Tenure Rank
Apr 30, 2017
5.09
5.1%
Hyung Kim is a Portfolio Manager and Senior Research Analyst with approximately 16 years of research experience. Before joining KAR in 2017, Mr. Kim worked as an International Equity Analyst for Advisory Research Inc. for seven years and as a Portfolio Manager on their Global Value strategy. Prior to joining Advisory Research, Mr. Kim worked as a research analyst at Coghill Capital Management and in corporate banking at HSBC and Woori Bank in Seoul, Korea. He earned an M.B.A. from the University of Chicago Booth School of Business. He is fluent in Korean and German.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.54 | 13.42 |