VWMCX: Virtus Horizon Wealth Masters C

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VWMCX Virtus Horizon Wealth Masters C


Profile

VWMCX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $44 M
  • Holdings in Top 10 6.9%

52 WEEK LOW AND HIGH

$16.34
$14.68
$16.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.28%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $100

Fund Classification


Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Virtus Horizon Wealth Masters Fund
  • Fund Family Name
    Virtus
  • Inception Date
    Sep 05, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Houk

Fund Description

The fund seeks to track the performance of the Horizon Kinetics ISE Wealth Index (Ticker: RCH), a public index maintained by Horizon Kinetics LLC, the parent company of the fund's subadviser, and International Securities Exchange, LLC. The index is composed of U.S.-listed companies and equity REITs managed by executives who are among the wealthiest individuals in the United States and, in many cases, have accumulated a substantial amount of their personal wealth through the companies that they manage.


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Categories

Performance

VWMCX - Performance

Return Ranking - Trailing

Period VWMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -5.4% 6.1% 66.67%
1 Yr 4.5% -35.8% 28.1% 73.82%
3 Yr 1.3%* -19.2% 13.9% 40.86%
5 Yr 1.6%* -15.8% 10.1% 26.07%
10 Yr N/A* -7.8% 13.7% N/A

* Annualized

Return Ranking - Calendar

Period VWMCX Return Category Return Low Category Return High Rank in Category (%)
2019 18.2% -37.3% 35.6% 71.68%
2018 -22.1% -44.3% 0.0% 62.01%
2017 16.3% -13.5% 18.9% 9.15%
2016 14.5% -16.4% 23.6% 20.31%
2015 -10.2% -40.7% 0.0% 50.00%

Total Return Ranking - Trailing

Period VWMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -5.4% 6.1% 66.67%
1 Yr 4.5% -35.8% 28.1% 73.82%
3 Yr 1.3%* -17.4% 13.9% 65.78%
5 Yr 1.6%* -13.5% 12.0% 64.96%
10 Yr N/A* -3.1% 13.7% N/A

* Annualized

Total Return Ranking - Calendar

Period VWMCX Return Category Return Low Category Return High Rank in Category (%)
2019 18.2% -37.3% 35.6% 71.68%
2018 -22.1% -44.3% 0.1% 75.38%
2017 16.3% -8.7% 24.9% 34.58%
2016 14.5% -4.7% 26.2% 41.80%
2015 -10.2% -40.3% 3.9% 75.86%

NAV & Total Return History


Holdings

VWMCX - Holdings

Concentration Analysis

VWMCX Category Low Category High VWMCX % Rank
Net Assets 44 M 728 K 113 B 88.14%
Number of Holdings 162 1 3279 33.62%
Net Assets in Top 10 3.4 M 161 K 7.44 B 91.24%
Weighting of Top 10 6.86% 2.8% 100.0% 83.33%

Top 10 Holdings

  1. Urban Outfitters Inc 0.74%
  2. Pricesmart Inc 0.73%
  3. Dillard's Inc Class A 0.70%
  4. Dick's Sporting Goods Inc 0.69%
  5. WW International Inc 0.68%
  6. Cintas Corp 0.68%
  7. Colony Capital Inc Class A 0.67%
  8. Oracle Corp 0.66%
  9. D.R. Horton Inc 0.66%
  10. Interactive Brokers Group Inc 0.66%

Asset Allocation

Weighting Return Low Return High VWMCX % Rank
Stocks
99.69% 82.68% 105.15% 15.54%
Cash
0.31% -5.15% 15.18% 82.49%
Preferred Stocks
0.00% 0.00% 3.76% 92.66%
Other
0.00% -0.87% 7.21% 92.37%
Convertible Bonds
0.00% 0.00% 0.33% 92.66%
Bonds
0.00% 0.00% 5.39% 92.66%

Stock Sector Breakdown

Weighting Return Low Return High VWMCX % Rank
Consumer Cyclical
31.79% 4.27% 39.52% 1.41%
Industrials
13.73% 3.30% 47.98% 70.90%
Financial Services
12.91% 1.64% 54.13% 76.55%
Technology
9.31% 3.52% 29.60% 92.94%
Real Estate
8.88% 0.00% 30.44% 50.56%
Consumer Defense
8.20% 0.00% 12.15% 8.76%
Energy
4.80% 0.00% 21.15% 21.75%
Basic Materials
4.36% 0.00% 14.34% 43.22%
Communication Services
3.59% 0.00% 31.30% 35.59%
Healthcare
2.43% 1.94% 24.89% 97.18%
Utilities
0.00% 0.00% 13.63% 97.74%

Stock Geographic Breakdown

Weighting Return Low Return High VWMCX % Rank
US
96.06% 81.96% 102.30% 53.11%
Non US
3.63% 0.00% 15.20% 29.10%

Expenses

VWMCX - Expenses

Operational Fees

VWMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.28% 0.02% 5.33% 3.27%
Management Fee 0.85% 0.00% 2.00% 87.78%
12b-1 Fee 1.00% 0.00% 1.00% 99.42%
Administrative Fee 0.10% 0.01% 0.30% 43.81%

Sales Fees

VWMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 100.00%

Trading Fees

VWMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

VWMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.01% 962.00% 32.16%

Distributions

VWMCX - Distributions

Dividend Yield Analysis

VWMCX Category Low Category High VWMCX % Rank
Dividend Yield 0.00% 0.00% 43.58% 94.07%

Dividend Distribution Analysis

VWMCX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

VWMCX Category Low Category High VWMCX % Rank
Net Income Ratio -0.29% -4.66% 2.06% 89.74%

Capital Gain Distribution Analysis

VWMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

VWMCX - Fund Manager Analysis

Managers

Matthew Houk


Start Date

Tenure

Tenure Rank

Sep 05, 2012

7.41

7.4%

Matt joined Horizon Asset Management LLC in 2008 and has responsibilities in both Research and Portfolio Management. Matt is a member of the Investment Committee and has responsibilities in the identification, analysis and monitoring of certain investment opportunities for the firm. Previously, from 2005 through 2008, Matt was an Associate with Goldman, Sachs & Co. Matt received a BA in Economics and Political Science from Yale University.

Murray Stahl


Start Date

Tenure

Tenure Rank

Sep 05, 2012

7.41

7.4%

Mr. Stahl is a Portfolio Manager at Horizon and is Chief Executive Officer, Chairman of the Board and is a co-founder of Horizon Kinetics. Mr. Stahl serves as the Firm's Chief Investment Officer, and chairs the Firm's Investment Committee, which is responsible for portfolio management decisions across the entire firm. Previously, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank. Murray received a BA and MA from Brooklyn College and an MBA from Pace University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 32.83 6.16 0.61