Skip to main content.
Home / Mutual Fund / KAR Mid-Cap Growth
Mutual FundEquity

KAR Mid-Cap Growth

Image specific to each asset class and market style grouping.
Ticker
PHSKX
CUSIP
92828N767
POP
$
(as of )
Inception
12/31/1975
Total Assets by Class
$183,551,958.73
(as of 10/14/2019)
Total Assets by Fund
$552,026,321.98
(as of 10/14/2019)
Morningstar Category
Mid-Cap Growth
Investment Overview

The Fund seeks to generate attractive risk-adjusted long-term returns by investing in the stocks of U.S. mid-cap growth companies with durable competitive advantages, excellent management, lower financial risk, and strong growth trajectories. A disciplined investment process is employed to identify businesses that are differentiated by above-average returns on capital.

Lipper Award- 2019 Badge

Featured Resource

Mid-Cap Allocation Tool

Management Team

Investment Partner

Kayne Anderson Rudnick Investment Management, LLC

Kayne Anderson Rudnick believes that superior risk-adjusted returns may be achieved through investment in high-quality companies with market dominance, excellent management, financial strength, and consistent growth, purchased at reasonable prices.


Learn more about Kayne Anderson Rudnick Investment Management, LLC
Investment Professional
Doug Foreman
Douglas S. Foreman, CFA

Chief Investment Officer

Industry start date: 1986

Start date as fund Portfolio Manager: 2012

Show More
Key Features
High-Quality Businesses

Searches for quality mid-cap growth companies with solid balance sheets, consistent growth, and market dominant business models

Uncovering Innovators and Disruptors

Draws on KAR's extensive fundamental research to identify companies with products and services with the potential to disrupt the business landscape and exceed investor expectations

High-Conviction Portfolio

Focused on the portfolio team's 25-50 strongest investment opportunities, with a long-term, low-turnover approach to realize full stock value

Portfolio Characteristics

Top Holdings (% Fund)
(as of 09/30/2019)
Security
Trade Desk Inc/The
3.96
 3.96%
MercadoLibre Inc
3.86
 3.86%
Fair Isaac Corp
3.27
 3.27%
Paycom Software Inc
3.20
 3.20%
Avalara Inc
3.15
 3.15%
MarketAxess Holdings Inc
2.90
 2.90%
SiteOne Landscape Supply Inc
2.86
 2.86%
Elastic NV
2.69
 2.69%
Pool Corp
2.45
 2.45%
Zoetis Inc
2.42
 2.42%

Holdings are subject to change.

Characteristics4
(as of 09/30/2019)
Average Weighted Market Cap (billions) $16.27
Median Market Cap (billions) $11.50
Trailing P/E Ex-Negative Earnings 39.99
Price-to-Cash Flow 33.65
Price-to-Book Value 11.27
3-Year EPS Growth Rate 25.83
Sector Allocation (% Equity)
(as of 09/30/2019)

Performance & Risk

Growth of $10,000 Investment
From to

This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.

Performance
Quarterly
As of
Monthly
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Sales Charge and Expenses
Risk Statistics3
(as of )
Fund Index
R2
Beta
Alpha
Std Dev
Risk Considerations
Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials
Virtus KAR Mid-Cap Growth Fund Fact Sheet - A
Virtus KAR Mid-Cap Growth Fund Fact Sheet - I
Virtus KAR Mid-Cap Growth Fund Fact Sheet - R6
Virtus Mid-Cap Equity Funds
Virtus KAR Mid-Cap Growth Fund Enhanced Fact Sheet
Virtus KAR Mid-Cap Growth Fund Commentary
Mid-Caps: At the Center of Attention
KAR Capabilities Brochure "A Consistent Focus on Quality"
Virtus KAR Mid-Cap Growth Fund Presentation
Virtus KAR High Quality Equity Funds Menu
KAR Market Review and Outlook
Financial Materials
Virtus Equity Trust Statutory Prospectus
Virtus KAR Mid-Cap Growth Fund Summary Prospectus
Virtus Equity Trust Prospectus Supplement XBRL 497E 07 01 2019
Virtus Equity Trust Prospectus XBRL 485B 01 28 2019
Virtus Equity Trust SAI
Virtus Equity Trust Annual Report
Virtus Equity Trust Semiannual Report
Mutual Fund Distributions
Holdings
Virtus KAR Mid-Cap Growth Fund Quarterly Holdings
Virtus KAR Mid-Cap Growth Fund Top Holdings

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. NAV returns do not include the effect of any applicable sales charges. POP and w/CDSC returns include the effect of maximum applicable sales charges.

Returns for periods of less than one year are cumulative total returns.

Lipper Fund Award Winner for the three-year period in the Mid-Cap Growth category. The Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. For Lipper Best Individual Funds, the highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner for each time period. For a detailed explanation, please review the Lipper Leaders methodology document at www.lipperfundawards.com. Lipper, Inc. is a nationally recognized organization that ranks the performance of mutual funds. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. 99 Mid-Cap Growth Funds were eligible for the three year period.
Lipper Category Classifications © 2019 Lipper. All rights reserved.

1 Yields/Distributions: 30-day SEC Yield is a standardized yield calculated according to a formula set by the SEC, and is subject to change. 30-day SEC Yield (unsubsidized) is the 30-day SEC Yield without the effect of applicable expense waivers. Distribution Rate is calculated by (a) annualizing the latest distribution for fixed income funds or funds less than 1 year old, or (b) summing all distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

3 Risk Statistics: R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.

4 Characteristics: For Equity Funds: Trailing P/E Ex-Negative Earnings: Per-share stock price divided by the latest 12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.

4 Characteristics: For Fixed Income Funds: Effective Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's effective duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund's price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund's price.

Morningstar Disclosures:
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.

© 2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Top