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Trending ETFs

Name

As of 03/27/2024

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

$6.51

$1.16 B

0.00%

2.29%

Vitals

YTD Return

-5.8%

1 yr return

-5.4%

3 Yr Avg Return

-13.9%

5 Yr Avg Return

-4.3%

Net Assets

$1.16 B

Holdings in Top 10

49.2%

52 WEEK LOW AND HIGH

$6.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.29%

SALES FEES

Front Load N/A

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 03/27/2024

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

$6.51

$1.16 B

0.00%

2.29%

PICEX - Profile

Distributions

  • YTD Total Return -5.8%
  • 3 Yr Annualized Total Return -13.9%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -1.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Virtus SGA Emerging Markets Equity Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Benkendorf

Fund Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities or equity-linked instruments of issuers located in emerging markets countries; such issuers may be of any capitalization. Equity-linked instruments are instruments issued by financial institutions or special purpose entities located in foreign countries to provide the synthetic economic performance of a referenced equity security; these securities are valued at market value for purposes of the fund’s requirement to invest 80% of its assets in emerging markets countries. Equity-linked instruments in which the Fund invests include common equity securities (including initial public offerings and secondary offerings), preferred stocks, American Depositary Receipts, European Depositary Receipts, Global Depositary Receipts and exchange-traded funds. SGA generally considers emerging markets countries to be those included in the MSCI Emerging Markets Index. As of the date of this prospectus, SGA considers issuers to be “located in” emerging markets if an issuer: (i) is organized in emerging markets, (ii) is headquartered in emerging markets, or (iii) has “significant exposure” to emerging markets. SGA considers an issuer as having “significant exposure” to emerging markets if it derives at least 50% of its revenue from emerging markets countries.

SGA uses an investment process to identify companies that it believes have a high degree of predictability, strong profitability and above average earnings and cash flow growth. SGA selects investments for the fund’s portfolio that it believes have superior long-term earnings prospects and attractive valuation. SGA seeks to identify and invest in companies that they believe offer long-term predictable growth in revenues, earnings, and cash flows, and companies that demonstrate the following characteristics: pricing power, recurring revenues, growth opportunity, financial strength, and management strength. SGA seeks to invest in companies that they believe provide the best 3–5-year investment opportunities based on a combination of the conviction they have in the underlying business fundamentals and their current valuation opportunities. To the extent consistent with the fund’s investment objective and strategies, the subadviser will consider as an element of its investment research and decision-making processes for the fund any environmental, social and/or governance (“ESG”) factors that the subadviser believes may influence risks and opportunities of companies under consideration. However, the pursuit of ESG-related goals is not the fund’s investment objective, nor one of its investment strategies. Therefore, ESG factors by themselves are not expected to determine investment decisions for the fund. The fund’s equity investments may include common stocks, preferred stocks, securities convertible into or exchangeable for common stocks, and depositary receipts. The fund may invest in companies of all market capitalizations. The fund will allocate its assets among various regions and countries (but no fewer than three countries). From time to time, the fund may have a significant portion of its assets invested in the securities of companies in only a few countries and one or a few regions. Although the fund seeks investments across a number of sectors, from time to time, the fund may have significant positions in particular sectors.

SGA will sell a portfolio holding when it believes the security’s fundamentals deteriorate, its valuation is no longer attractive, or a better investment opportunity arises.

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PICEX - Performance

Return Ranking - Trailing

Period PICEX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -6.1% 14.4% 100.00%
1 Yr -5.4% -6.1% 41.9% 99.60%
3 Yr -13.9%* -22.7% 9.1% 98.71%
5 Yr -4.3%* -7.2% 11.5% 99.68%
10 Yr N/A* -2.3% 6.8% 90.95%

* Annualized

Return Ranking - Calendar

Period PICEX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.7% -6.5% 35.5% 99.06%
2022 -24.0% -50.1% -2.4% 46.04%
2021 -26.2% -33.1% 22.5% 97.65%
2020 14.6% -22.1% 80.1% 61.29%
2019 16.0% -0.7% 42.0% 65.39%

Total Return Ranking - Trailing

Period PICEX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -6.1% 14.4% 100.00%
1 Yr -5.4% -6.1% 41.9% 99.60%
3 Yr -13.9%* -22.7% 9.1% 98.71%
5 Yr -4.3%* -7.2% 11.5% 99.68%
10 Yr N/A* -2.3% 6.8% 90.71%

* Annualized

Total Return Ranking - Calendar

Period PICEX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.7% -2.7% 42.0% 99.60%
2022 -24.0% -42.2% 1.9% 62.31%
2021 -7.4% -32.5% 33.1% 84.88%
2020 14.6% -20.0% 81.6% 67.90%
2019 17.2% 2.3% 42.0% 79.59%

NAV & Total Return History


PICEX - Holdings

Concentration Analysis

PICEX Category Low Category High PICEX % Rank
Net Assets 1.16 B 653 K 96.1 B 35.33%
Number of Holdings 27 10 6829 99.87%
Net Assets in Top 10 445 M 299 K 17.9 B 31.07%
Weighting of Top 10 49.19% 2.9% 122.2% 7.08%

Top 10 Holdings

  1. HDFC Bank Ltd 6.40%
  2. Infosys Ltd 5.47%
  3. Fomento Economico Mexicano SAB de CV 5.32%
  4. Fast Retailing Co Ltd 5.29%
  5. CP ALL PCL 4.80%
  6. Wal-Mart de Mexico SAB de CV 4.72%
  7. AIA Group Ltd 4.63%
  8. XP Inc 4.36%
  9. Bank Central Asia Tbk PT 4.16%
  10. NAVER Corp 4.06%

Asset Allocation

Weighting Return Low Return High PICEX % Rank
Stocks
96.59% 0.00% 103.65% 56.53%
Cash
3.41% -2.03% 20.51% 25.47%
Preferred Stocks
0.00% 0.00% 10.17% 91.60%
Other
0.00% -1.64% 50.31% 81.33%
Convertible Bonds
0.00% 0.00% 7.40% 83.36%
Bonds
0.00% 0.00% 94.30% 85.87%

Stock Sector Breakdown

Weighting Return Low Return High PICEX % Rank
Technology
26.48% 0.00% 47.50% 26.72%
Consumer Defense
17.88% 0.00% 25.90% 2.56%
Financial Services
15.13% 0.00% 48.86% 85.96%
Consumer Cyclical
15.05% 0.00% 48.94% 23.75%
Communication Services
7.92% 0.00% 39.29% 60.46%
Industrials
7.57% 0.00% 43.53% 30.36%
Utilities
4.03% 0.00% 39.12% 10.39%
Healthcare
3.37% 0.00% 16.53% 60.19%
Energy
1.49% 0.00% 24.80% 80.70%
Basic Materials
1.08% 0.00% 30.03% 95.28%
Real Estate
0.00% 0.00% 17.15% 97.44%

Stock Geographic Breakdown

Weighting Return Low Return High PICEX % Rank
Non US
67.25% 0.00% 100.18% 90.67%
US
29.33% 0.00% 101.58% 7.87%

PICEX - Expenses

Operational Fees

PICEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.29% 0.03% 24.48% 14.86%
Management Fee 0.98% 0.00% 2.00% 70.76%
12b-1 Fee 1.00% 0.00% 1.00% 97.20%
Administrative Fee 0.10% 0.01% 0.85% 60.62%

Sales Fees

PICEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 90.91%

Trading Fees

PICEX 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.

PICEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% 21.16%

PICEX - Distributions

Dividend Yield Analysis

PICEX Category Low Category High PICEX % Rank
Dividend Yield 0.00% 0.00% 9.88% 99.07%

Dividend Distribution Analysis

PICEX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Annual Annual

Net Income Ratio Analysis

PICEX Category Low Category High PICEX % Rank
Net Income Ratio -1.06% -1.98% 17.62% 97.93%

Capital Gain Distribution Analysis

PICEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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PICEX - Fund Manager Analysis

Managers

Matthew Benkendorf


Start Date

Tenure

Tenure Rank

Mar 08, 2016

6.23

6.2%

Mr. Benkendorf ,Managing Director,Chief Investment Officer,Portfolio Manager, Senior Research Analyst - Mr. Benkendorf joined Vontobel Asset Management, Inc. in October 1999 in trade support. After being promoted to trader in 2000, Mr. Benkendorf became a research analyst in 2002 and moved into portfolio management in 2006 as deputy portfolio manager of Vontobel’s European Equity Strategy.Mr. Benkendorf has held various positions with Vontobel, including Deputy Portfolio Manager from 2013 to 2016, Executive Director from 2012 to 2013;Director from 2009 to 2012;Vice President from 2007 to 2009.

Jin Zhang


Start Date

Tenure

Tenure Rank

Jun 01, 2016

6.0

6.0%

Jin Zhang has been a Portfolio Manager for Vontobel’s Quality Growth Boutique since 2016. He joined Vontobel Asset Management in November 2005 as a Senior Research Analyst. Since 2016, he has expanded his role to Portfolio Manager for the firm’s Emerging Markets and Asia Equity strategies. In addition to his portfolio management responsibilities, he continues to conduct research analysis on individual stocks which may be included in the firm’s other strategies, primarily focusing on the Information Technology and Financials sectors.

Ramiz Chelat


Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Ramiz Chelat has been a Portfolio Manager for Vontobel’s Quality Growth Boutique since 2016. He joined Vontobel Asset Management in July 2007 as a Senior Research Analyst. In 2016, he expanded his role becoming Portfolio Manager on the firm’s Global Equity strategy and, in 2021, he started managing the firm’s Emerging Markets Equity strategy. In addition to his portfolio management responsibilities, Ramiz Chelat continues to conduct research analysis on individual stocks which may be included in the firm’s other strategies, primarily focusing on the Consumer Discretionary, Consumer Staples and Communication Services sectors. Prior to joining Vontobel Asset Management, from 2004 to 2007, he was Head of Consumer and Media Research at Macquarie Hong Kong and an Analyst at Macquarie Australia from 2000 to 2004. Prior to that, from 1999 to 2000, he was a Financial Analyst at Optus. Ramiz Chelat began his financial career in 1997 at Ernst & Young where he was a Senior Accountant until 1999. He received a Bachelor of Commerce in Accounting and Finance from Macquarie University in Australia. In addition, Ramiz Chelat is a member of the Institute of Chartered Accountants of Australia as a qualified chartered accountant. He is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42