Virtus KAR Small-Cap Growth will reopen to new investors on or about Jan. 29, 2024. Its Pillar ratings and overall Morningstar Medalist Ratings are unchanged. The fund closed to new investors in September 2018 after strong inflows had pushed the strategy’s total assets to nearly $7 billion. Although the closure stopped new assets from coming in, price appreciation of the strategy’s holdings pushed total assets to more than $10 billion in late 2020, a hefty amount for a small-cap equity strategy. In the past three years, however, the mutual fund has had more than $3 billion of outflows, and other vehicles lost assets as well. As of November 2023, total strategy assets stood at roughly $5 billion, with approximately $3 billion in the mutual fund. To their credit, the managers’ process didn’t change during these fluctuations, though the decline in assets has helped them bring down the portfolio’s average market cap as they focus more on small-cap stocks, where they’ve had their greatest success. Virtus currently estimates that it will close the strategy again if total assets hit $7 billion, leaving roughly $2 billion to maneuver.
Virtus KAR Small-Cap Growth I PXSGX
- NAV / 1-Day Return 31.61 / +0.86 %
- Total Assets 3.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.090%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Small Growth
- Investment Style Small Growth
- Min. Initial Investment 100,000
- Status Open
- TTM Yield —
- Turnover 7%
USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:18 PM GMT+0
Morningstar’s Analysis PXSGX
Will PXSGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 55.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Ryan Specialty Holdings Inc Class A | 7.86 | 260.9 Mil | Financial Services |
Morningstar Inc | 7.03 | 233.2 Mil | Financial Services |
AAON Inc | 6.52 | 216.2 Mil | Industrials |
Auto Trader Group PLC | 6.27 | 208.1 Mil | Communication Services |
Rightmove PLC | 5.34 | 177.3 Mil | Communication Services |
Servisfirst Bancshares Inc | 4.61 | 153.1 Mil | Financial Services |
Endava PLC ADR | 4.57 | 151.6 Mil | Technology |
Interactive Brokers Group Inc Class A | 4.50 | 149.4 Mil | Financial Services |
Fox Factory Holding Corp | 4.45 | 147.7 Mil | Consumer Cyclical |
Ncino Inc Ordinary Shares | 4.04 | 134.0 Mil | Technology |