Virtus KAR Equity Income Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.0%
1 yr return
0.9%
3 Yr Avg Return
1.6%
5 Yr Avg Return
7.9%
Net Assets
$123 M
Holdings in Top 10
44.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PXIIX - Profile
Distributions
- YTD Total Return -1.0%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.43%
- Dividend Yield 5.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Equity Income Fund
-
Fund Family NameVirtus Funds
-
Inception DateJan 30, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Sherry
Fund Description
The fund invests in a diversified portfolio of primarily mature high-quality U.S. companies, or companies with significant economic ties to the U.S., with high dividend yields. The fund may invest in issuers of securities that are traded on a non-U.S. exchange if the fund’s subadviser considers the issuer a U.S. company or a company with significant economic ties to the U.S., including through depositary receipts. The investment strategy emphasizes companies the subadviser believes to have a durable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. The fund typically invests in the securities of medium to large capitalization companies, but it is not limited to investing in the securities of companies of any particular size. Under normal circumstances, the fund invests at least 80% of its assets in dividend paying equity securities. Generally, the fund invests in approximately 25 to 50 securities at any given time.
PXIIX - Performance
Return Ranking - Trailing
Period | PXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.0% | -47.2% | 13.8% | 98.25% |
1 Yr | 0.9% | -38.4% | 44.8% | 98.96% |
3 Yr | 1.6%* | -15.0% | 26.9% | 95.29% |
5 Yr | 7.9%* | -8.9% | 106.7% | 93.09% |
10 Yr | 8.9%* | 0.2% | 20.6% | 87.47% |
* Annualized
Return Ranking - Calendar
Period | PXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.7% | -42.6% | 47.4% | 97.12% |
2022 | -8.5% | -56.3% | -4.2% | 1.12% |
2021 | 12.2% | -27.2% | 53.7% | 68.87% |
2020 | -15.4% | -36.2% | 2181.7% | 99.32% |
2019 | 26.9% | -22.7% | 40.4% | 27.68% |
Total Return Ranking - Trailing
Period | PXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.0% | -47.2% | 13.8% | 98.25% |
1 Yr | 0.9% | -38.4% | 44.8% | 98.96% |
3 Yr | 1.6%* | -15.0% | 26.9% | 95.29% |
5 Yr | 7.9%* | -8.9% | 106.7% | 93.09% |
10 Yr | 8.9%* | 0.2% | 20.6% | 87.47% |
* Annualized
Total Return Ranking - Calendar
Period | PXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -5.0% | 47.4% | 99.28% |
2022 | -2.4% | -36.8% | -2.2% | 0.24% |
2021 | 17.3% | 3.0% | 124.3% | 95.35% |
2020 | 14.8% | -15.8% | 2266.0% | 62.57% |
2019 | 28.5% | -0.4% | 241.3% | 65.84% |
NAV & Total Return History
PXIIX - Holdings
Concentration Analysis
PXIIX | Category Low | Category High | PXIIX % Rank | |
---|---|---|---|---|
Net Assets | 123 M | 2.34 M | 1.55 T | 85.40% |
Number of Holdings | 37 | 1 | 4053 | 89.87% |
Net Assets in Top 10 | 56 M | 885 K | 387 B | 83.59% |
Weighting of Top 10 | 44.79% | 0.3% | 112.0% | 15.13% |
Top 10 Holdings
- International Business Machines Corp 5.78%
- Zurich Insurance Group AG 5.09%
- Fortis Inc/Canada 5.03%
- MSC Industrial Direct Co Inc 4.86%
- DREYFUS GOVERNMENT CASH MANAGE 4.49%
- PNC Financial Services Group Inc/The 4.14%
- AbbVie Inc 4.04%
- Amcor PLC 3.99%
- Verizon Communications Inc 3.85%
- Watsco Inc 3.51%
Asset Allocation
Weighting | Return Low | Return High | PXIIX % Rank | |
---|---|---|---|---|
Stocks | 98.21% | 0.00% | 124.03% | 66.01% |
Cash | 4.49% | 0.00% | 99.06% | 10.05% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 14.13% |
Other | 0.00% | -13.91% | 100.00% | 44.98% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 9.45% |
Bonds | 0.00% | -0.50% | 93.78% | 15.38% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PXIIX % Rank | |
---|---|---|---|---|
Financial Services | 17.02% | 0.00% | 55.59% | 18.05% |
Healthcare | 14.98% | 0.00% | 60.70% | 35.22% |
Consumer Defense | 14.55% | 0.00% | 47.71% | 3.27% |
Industrials | 11.94% | 0.00% | 29.90% | 19.09% |
Communication Services | 10.47% | 0.00% | 27.94% | 14.86% |
Utilities | 9.26% | 0.00% | 20.91% | 1.04% |
Consumer Cyclical | 9.08% | 0.00% | 30.33% | 72.20% |
Technology | 7.02% | 0.00% | 48.94% | 96.49% |
Basic Materials | 3.05% | 0.00% | 25.70% | 35.46% |
Real Estate | 1.62% | 0.00% | 31.91% | 74.68% |
Energy | 1.01% | 0.00% | 41.64% | 82.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PXIIX % Rank | |
---|---|---|---|---|
US | 98.21% | 0.00% | 124.03% | 55.10% |
Non US | 0.00% | 0.00% | 62.81% | 28.73% |
PXIIX - Expenses
Operational Fees
PXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.09% | 0.01% | 16.07% | 30.81% |
Management Fee | 0.75% | 0.00% | 1.89% | 85.49% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.85% | 57.29% |
Sales Fees
PXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
PXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | 46.70% |
PXIIX - Distributions
Dividend Yield Analysis
PXIIX | Category Low | Category High | PXIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.05% | 0.00% | 25.84% | 34.62% |
Dividend Distribution Analysis
PXIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Annual |
Net Income Ratio Analysis
PXIIX | Category Low | Category High | PXIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.43% | -54.00% | 6.06% | 0.32% |
Capital Gain Distribution Analysis
PXIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.480 | OrdinaryDividend |
Dec 21, 2022 | $1.267 | OrdinaryDividend |
Dec 30, 2019 | $0.263 | OrdinaryDividend |
Dec 27, 2018 | $0.259 | OrdinaryDividend |
Jun 29, 2016 | $0.216 | OrdinaryDividend |
Jun 20, 2013 | $0.107 | OrdinaryDividend |
Dec 20, 2012 | $0.030 | OrdinaryDividend |
Jun 21, 2012 | $0.050 | OrdinaryDividend |
Dec 21, 2011 | $0.050 | OrdinaryDividend |
Jun 22, 2011 | $0.054 | OrdinaryDividend |
Dec 22, 2010 | $0.039 | OrdinaryDividend |
Jun 22, 2010 | $0.104 | OrdinaryDividend |
Dec 22, 2009 | $0.066 | OrdinaryDividend |
Jun 22, 2009 | $0.145 | OrdinaryDividend |
Dec 22, 2008 | $0.107 | OrdinaryDividend |
PXIIX - Fund Manager Analysis
Managers
Richard Sherry
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Richard Sherry, CFA is a Portfolio Manager and a Senior Research Analyst with primary responsibilities for the large-capitalization energy, financials, and utilities sectors. Mr. Sherry joined Kayne Anderson Rudnick in 1995 as a Marketing Analyst before becoming a Research Analyst. He has approximately 15 years of equity research experience. Before joining our organization, Mr. Sherry worked as Operations/Marketing Supervisor at Pilgrim Asset Management. He earned a B.A. in Economics from the University of California, Los Angeles, and an M.B.A. from the University of Southern California. Mr. Sherry is a Chartered Financial Analyst charterholder and a member of the CFA Society of Los Angeles, Inc.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.23 | 2.42 |