Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Virtus KAR Small-Mid Cap Core Fund
mutual fund
VKSAX
Payout Change
Suspended
Price as of:
$18.36
-0.14
-0.76%
primary theme
U.S. Mid-Cap Growth Equity
share class
VKSAX (Mutual Fund)
Virtus KAR Small-Mid Cap Core Fund
Payout Change
Suspended
Price as of:
$18.36
-0.14
-0.76%
primary theme
U.S. Mid-Cap Growth Equity
share class
VKSAX (Mutual Fund)
Virtus KAR Small-Mid Cap Core Fund
Payout Change
Suspended
Price as of:
$18.36
-0.14
-0.76%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 04/17/2024Price
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
Vitals
YTD Return
-0.3%
1 yr return
13.7%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
11.3%
Net Assets
$1.66 B
Holdings in Top 10
40.7%
52 WEEK LOW AND HIGH
$18.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.26%
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 04/17/2024Price
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
VKSAX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.77%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVirtus KAR Small-Mid Cap Core Fund
-
Fund Family NameVirtus Funds
-
Inception DateMar 07, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulie Kutasov
Fund Description
The fund pursues long-term capital appreciation in the small and medium market capitalization sectors while seeking to incur less risk than the small- and mid-cap markets. The fund invests in a select group of small and mid-market capitalization companies believed by the 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 depositary receipts.
Under normal circumstances, the fund invests at least 80% of its assets in common stocks of small and medium market capitalization companies. As of the date of this Prospectus, the fund’s subadviser considers small and medium market capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations within the range of companies included in the Russell 2500TM 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 2500TM Index over the past three years was $43,500 to $49.5 billion. Generally, the fund invests in approximately 25 to 35 securities at any given time.
VKSAX - Performance
Return Ranking - Trailing
| Period | VKSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.3% | -16.7% | 22.3% | 76.28% |
| 1 Yr | 13.7% | -12.4% | 48.8% | 55.68% |
| 3 Yr | -0.5%* | -29.3% | 78.7% | 27.07% |
| 5 Yr | 11.3%* | -4.9% | 97.4% | 12.65% |
| 10 Yr | N/A* | -0.2% | 36.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | VKSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.3% | -27.7% | 68.0% | 25.09% |
| 2022 | -24.0% | -85.6% | 350.1% | 12.34% |
| 2021 | 17.8% | -77.0% | 238.3% | 7.95% |
| 2020 | 33.1% | -44.1% | 2474.5% | 35.03% |
| 2019 | 38.5% | -50.2% | 44.0% | 4.23% |
Total Return Ranking - Trailing
| Period | VKSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.3% | -16.7% | 22.3% | 76.28% |
| 1 Yr | 13.7% | -12.4% | 48.8% | 55.68% |
| 3 Yr | -0.5%* | -29.3% | 78.7% | 27.07% |
| 5 Yr | 11.3%* | -4.9% | 97.4% | 12.65% |
| 10 Yr | N/A* | -0.2% | 36.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | VKSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.3% | -26.1% | 68.0% | 31.50% |
| 2022 | -24.0% | -67.0% | 440.7% | 24.49% |
| 2021 | 19.2% | -23.5% | 342.2% | 19.13% |
| 2020 | 33.1% | 2.6% | 2549.1% | 61.84% |
| 2019 | 38.5% | 14.6% | 44.8% | 16.94% |
NAV & Total Return History
VKSAX - Holdings
Concentration Analysis
| VKSAX | Category Low | Category High | VKSAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.66 B | 2.73 M | 100 B | 37.77% |
| Number of Holdings | 30 | 25 | 3644 | 96.35% |
| Net Assets in Top 10 | 677 M | 449 K | 9.69 B | 30.66% |
| Weighting of Top 10 | 40.71% | 0.4% | 99.9% | 18.61% |
Top 10 Holdings
- Bentley Systems Inc 5.00%
- Pool Corp 4.61%
- Lennox International Inc 4.30%
- Cooper Cos Inc/The 4.27%
- Nordson Corp 4.04%
- ANSYS Inc 3.90%
- Thor Industries Inc 3.87%
- Watsco Inc 3.61%
- Charles River Laboratories International Inc 3.56%
- Equifax Inc 3.55%
Asset Allocation
| Weighting | Return Low | Return High | VKSAX % Rank | |
|---|---|---|---|---|
| Stocks | 96.96% | 0.92% | 101.49% | 75.73% |
| Cash | 3.04% | 0.00% | 99.08% | 26.28% |
| Preferred Stocks | 0.00% | 0.00% | 5.46% | 50.18% |
| Other | 0.00% | -0.18% | 16.96% | 60.04% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 43.07% |
| Bonds | 0.00% | -3.27% | 1.87% | 46.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VKSAX % Rank | |
|---|---|---|---|---|
| Technology | 29.79% | 0.04% | 62.17% | 61.31% |
| Industrials | 23.93% | 0.00% | 38.23% | 4.38% |
| Consumer Cyclical | 15.42% | 0.00% | 57.41% | 34.31% |
| Healthcare | 15.06% | 0.00% | 37.06% | 75.55% |
| Financial Services | 11.76% | 0.00% | 43.01% | 23.36% |
| Basic Materials | 4.04% | 0.00% | 17.25% | 22.26% |
| Utilities | 0.00% | 0.00% | 12.94% | 55.84% |
| Real Estate | 0.00% | 0.00% | 19.28% | 88.87% |
| Energy | 0.00% | 0.00% | 62.10% | 78.47% |
| Communication Services | 0.00% | 0.00% | 18.33% | 92.15% |
| Consumer Defense | 0.00% | 0.00% | 16.40% | 90.69% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VKSAX % Rank | |
|---|---|---|---|---|
| US | 96.96% | 0.64% | 101.49% | 62.59% |
| Non US | 0.00% | 0.00% | 34.57% | 55.29% |
VKSAX - Expenses
Operational Fees
| VKSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.26% | 0.02% | 17.54% | 35.23% |
| Management Fee | 0.74% | 0.00% | 1.50% | 51.55% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.08% |
| Administrative Fee | 0.10% | 0.00% | 0.40% | 55.74% |
Sales Fees
| VKSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.00% | 5.75% | 61.54% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| VKSAX 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.
| VKSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 250.31% | 17.90% |
VKSAX - Distributions
Dividend Yield Analysis
| VKSAX | Category Low | Category High | VKSAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 34.32% | 54.20% |
Dividend Distribution Analysis
| VKSAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| VKSAX | Category Low | Category High | VKSAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.77% | -2.24% | 2.75% | 65.19% |
Capital Gain Distribution Analysis
| VKSAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
VKSAX - Fund Manager Analysis
Managers
Julie Kutasov
Start Date
Tenure
Tenure Rank
Mar 07, 2018
4.24
4.2%
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
Mar 07, 2018
4.24
4.2%
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.
Jon Christensen
Start Date
Tenure
Tenure Rank
Mar 07, 2018
4.24
4.2%
Jon Christensen, CFA, Portfolio Manager | Mr. Christensen is a Portfolio Manager and a Senior Research Analyst with primary research responsibilities for the small and mid-capitalization health-care sector. Before joining Kayne Anderson Rudnick in 2001, Mr. Christensen was a Portfolio Manager and Senior Research Analyst for Doheny Asset Management and has approximately 18 years of equity research experience. He earned a B.S. in Mathematics/Applied Science from the University of California, Los Angeles, and an M.B.A. from the California State University, Long Beach. Mr. Christensen is a Chartered Financial Analyst charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.2 | 2.25 |
