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Trending ETFs

Virtus KAR Developing Markets Fund

mutual fund
VDMAX
Payout Change
Pending
Price as of:
$8.87 +0.01 +0.11%
primary theme
Emerging Markets Equity
VDMAX (Mutual Fund)

Virtus KAR Developing Markets Fund

Payout Change
Pending
Price as of:
$8.87 +0.01 +0.11%
primary theme
Emerging Markets Equity
VDMAX (Mutual Fund)

Virtus KAR Developing Markets Fund

Payout Change
Pending
Price as of:
$8.87 +0.01 +0.11%
primary theme
Emerging Markets Equity

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.87

$2.9 M

3.82%

$0.34

4.23%

Vitals

YTD Return

7.8%

1 yr return

16.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.9 M

Holdings in Top 10

42.4%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.23%

SALES FEES

Front Load 5.50%

Deferred Load 1.00%

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 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.87

$2.9 M

3.82%

$0.34

4.23%

VDMAX - Profile

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Virtus KAR Developing Markets Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Jun 22, 2021
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Hyung Kim

Fund Description

The fund pursues capital appreciation in developing markets equities. The fund invests in a select group of developing markets 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 securities or equity-linked instruments of developing markets companies. Developing markets countries include emerging markets and frontier markets. The fund defines an “emerging market” primarily as any of the countries or markets represented in the MSCI Emerging Markets Index, and secondarily as any other country or market classified as an emerging economy by any supranational organization such as the World Bank, International Finance Corporation or the United Nations. In limited circumstances, the fund may consider to be an emerging market any country or market with similar emerging characteristics to the countries or markets represented in the MSCI Emerging Markets Index or classified as emerging by a supranational organization. The fund defines a “frontier market” primarily as any of the countries or markets represented in the MSCI Frontier Markets Index, and in limited circumstances the fund may consider to be a frontier market any other country or market with similar frontier market characteristics to those countries or markets represented in the MSCI Emerging Markets Index.

The fund intends to invest in various types of issuers and industries, and in a number of different countries. In determining whether an issuer is economically tied to a developing market, the subadviser primarily considers: (i) whether at least 50% of the issuer’s revenues or profits are attributable to goods produced or sold, investments made, or services performed in, a developing market; (ii) whether the issuer has at least 50% of its assets in a developing market; and (iii) whether the principal exchange listing for the issuer’s securities or the issuer’s headquarters is in a developing market. As of the date of this prospectus, the fund’s subadviser expects the fund to have significant investments in China, Brazil, India, Indonesia,Taiwan and South Korea. The particular countries in which the fund is invested may change over time.

Equity securities in which the fund invests include common stocks, preferred stocks, American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). Additionally, the fund may invest in certain eligible Chinese securities (“China A Shares”) listed and traded on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The fund expects to access China A Shares through the Shanghai-Hong Kong Stock Connect program or the Shenzhen-Hong Kong Stock Connect program (each a “Stock Connect”), as applicable. Equity-linked instruments are designed to perform generally the same as a specified stock index or “basket” of stocks, or a single stock. As of the date of this prospectus the equity-linked instruments in which the fund is expected to invest are participatory notes (“P-notes”). P-notes are equity-linked instruments used by investors to obtain exposure to non-U.S. equity investments without trading directly in the local market.

The fund may invest in companies of all market capitalizations. The subadviser does not use allocation models to restrict the fund’s investments to certain regions, countries or industries within the universe of developing market companies. Generally, the fund invests in approximately 30-60 securities at any given time. The fund seeks to dispose of holdings that, among other things, are the subject of negative developments individually or as an industry, or as necessary to provide funding for new holdings the subadviser deems more attractive. The fund is non-diversified under federal securities laws.

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VDMAX - Performance

Return Ranking - Trailing

Period VDMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -3.6% 21.1% 66.03%
1 Yr 16.3% -3.6% 37.2% 51.64%
3 Yr N/A* -18.9% 11.1% N/A
5 Yr N/A* -4.1% 13.4% N/A
10 Yr N/A* -2.5% 6.6% 100.00%

* Annualized

Return Ranking - Calendar

Period VDMAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -6.5% 35.5% 21.86%
2022 -22.1% -50.1% -2.4% 29.06%
2021 N/A -33.1% 22.5% N/A
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period VDMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -3.6% 21.1% 66.03%
1 Yr 16.3% -3.6% 37.2% 51.64%
3 Yr N/A* -18.9% 11.1% N/A
5 Yr N/A* -4.1% 13.4% N/A
10 Yr N/A* -2.5% 6.6% 100.00%

* Annualized

Total Return Ranking - Calendar

Period VDMAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.0% -2.7% 42.0% 25.41%
2022 -21.4% -42.2% 1.9% 36.67%
2021 N/A -32.5% 33.1% N/A
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


VDMAX - Holdings

Concentration Analysis

VDMAX Category Low Category High VDMAX % Rank
Net Assets 2.9 M 930 K 103 B 97.41%
Number of Holdings 42 10 7049 92.09%
Net Assets in Top 10 1.23 M 353 K 19.2 B 97.00%
Weighting of Top 10 42.41% 2.9% 140.4% 19.67%

Top 10 Holdings

  1. Baltic Classifieds Group PLC 7.06%
  2. Taiwan Semiconductor Manufacturing Co Ltd 5.91%
  3. Grupa Pracuj SA 5.87%
  4. Vasta Platform Ltd 3.91%
  5. Tegma Gestao Logistica SA 3.89%
  6. Tencent Holdings Ltd 3.64%
  7. Allegro.eu SA 3.30%
  8. Credit Bureau Asia Ltd 3.22%
  9. Carlsberg Brewery Malaysia Bhd 2.93%
  10. Heineken Malaysia Bhd 2.69%

Asset Allocation

Weighting Return Low Return High VDMAX % Rank
Stocks
97.81% 0.00% 103.65% 35.20%
Cash
2.19% -2.03% 40.36% 39.70%
Preferred Stocks
0.00% 0.00% 10.09% 74.35%
Other
0.00% -0.39% 50.31% 57.30%
Convertible Bonds
0.00% 0.00% 7.40% 42.31%
Bonds
0.00% 0.00% 94.30% 48.84%

Stock Sector Breakdown

Weighting Return Low Return High VDMAX % Rank
Consumer Defense
25.90% 0.00% 25.90% 0.14%
Industrials
19.84% 0.00% 43.53% 1.93%
Financial Services
17.93% 0.00% 48.86% 74.31%
Communication Services
13.58% 0.00% 39.29% 6.22%
Consumer Cyclical
10.25% 0.00% 48.94% 76.52%
Technology
8.91% 0.00% 47.50% 96.13%
Healthcare
2.47% 0.00% 16.53% 73.07%
Real Estate
1.11% 0.00% 17.15% 64.64%
Utilities
0.00% 0.00% 39.12% 82.73%
Energy
0.00% 0.00% 24.80% 92.27%
Basic Materials
0.00% 0.00% 30.03% 96.96%

Stock Geographic Breakdown

Weighting Return Low Return High VDMAX % Rank
Non US
79.52% 0.00% 100.18% 65.21%
US
18.29% 0.00% 99.51% 24.97%

VDMAX - Expenses

Operational Fees

VDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.23% 0.03% 29.98% 4.92%
Management Fee 1.00% 0.00% 2.00% 78.55%
12b-1 Fee 0.25% 0.00% 1.00% 36.51%
Administrative Fee 0.10% 0.01% 0.85% 52.94%

Sales Fees

VDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 45.65%
Deferred Load 1.00% 1.00% 5.00% 50.00%

Trading Fees

VDMAX 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.

VDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% N/A

VDMAX - Distributions

Dividend Yield Analysis

VDMAX Category Low Category High VDMAX % Rank
Dividend Yield 3.82% 0.00% 9.74% 42.97%

Dividend Distribution Analysis

VDMAX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Annual

Net Income Ratio Analysis

VDMAX Category Low Category High VDMAX % Rank
Net Income Ratio 0.01% -1.98% 17.62% 76.20%

Capital Gain Distribution Analysis

VDMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

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VDMAX - Fund Manager Analysis

Managers

Hyung Kim


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.94

0.9%

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.

Craig Thrasher


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.94

0.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42