Virtus KAR Mid-Cap Growth I (PICMX)
| Fund Assets | 933.38M |
| Expense Ratio | 1.03% |
| Min. Investment | $100,000 |
| Turnover | 13.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 64.31 |
| YTD Return | 4.36% |
| 1-Year Return | 4.22% |
| 5-Year Return | 2.74% |
| 52-Week Low | 51.11 |
| 52-Week High | 68.14 |
| Beta (5Y) | 1.16 |
| Holdings | 32 |
| Inception Date | Dec 31, 1975 |
About PICMX
Virtus KAR Mid-Cap Growth Fund Class I is an actively managed mutual fund focusing on equity securities of medium market capitalization companies. The fund’s core objective is capital appreciation, targeting U.S. mid-cap growth companies that exhibit durable competitive advantages, strong financial profiles, quality management, and robust growth prospects. Leveraging disciplined fundamental research, the fund’s portfolio is concentrated—typically holding between 25 and 50 positions—allowing for high conviction in selected investments thought to be undervalued relative to their future growth potential. While the fund primarily invests in U.S. equities, its mandate also permits exposure to foreign securities and depositary receipts. Notably, it emphasizes identifying businesses with strong returns on capital and those poised to disrupt or innovate within their industries. The fund’s investment process prioritizes long-term growth, low turnover, and portfolio quality, appealing to institutional investors seeking diversified yet focused exposure to the mid-cap growth segment of the equity market. Its management is overseen by Kayne Anderson Rudnick Investment Management, known for its quality-focused approach.
Performance
PICMX had a total return of 4.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.53%.
Top 10 Holdings
47.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Amphenol Corporation | APH | 7.01% |
| Cloudflare, Inc. | NET | 6.50% |
| MercadoLibre, Inc. | MELI | 5.25% |
| Fair Isaac Corporation | FICO | 5.17% |
| Celsius Holdings, Inc. | CELH | 4.81% |
| Gartner, Inc. | IT | 4.32% |
| Goosehead Insurance, Inc | GSHD | 3.83% |
| Insulet Corporation | PODD | 3.43% |
| The Trade Desk, Inc. | TTD | 3.34% |
| On Holding AG | ONON | 3.34% |