Virtus KAR Global Quality Dividend Fund Class I (PIPTX)
| Fund Assets | 32.65M |
| Expense Ratio | 1.10% |
| Min. Investment | $100,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 1.83% |
| Dividend Growth | -35.87% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 17.27 |
| YTD Return | 16.41% |
| 1-Year Return | 20.99% |
| 5-Year Return | 64.22% |
| 52-Week Low | 14.60 |
| 52-Week High | 17.42 |
| Beta (5Y) | n/a |
| Holdings | 38 |
| Inception Date | Jun 6, 2008 |
About PIPTX
Virtus KAR Global Quality Dividend Fund Class I is an open-end mutual fund aiming to deliver both capital appreciation and current income by investing in a globally diversified portfolio of high-quality, mature companies with a strong track record of consistent, robust dividend payments. The fund takes a disciplined approach, selecting businesses known for their market dominance, financial strength, and high returns on capital, while also trading at attractive valuations. Its strategy prioritizes lower volatility by focusing on companies with stable earnings, strong free cash flow, and a low reliance on external financing, aiming to reduce downside risk in challenging market environments. Managed by Kayne Anderson Rudnick Investment Management, LLC, the fund typically holds 25-50 of its highest-conviction ideas, resulting in a concentrated yet diversified portfolio. It primarily impacts the global large-cap value equity sector, serving investors seeking steady income and long-term risk-adjusted returns through quality dividend-paying equities across various industries and regions.
Performance
PIPTX had a total return of 20.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.
Top 10 Holdings
42.62% of assets| Name | Symbol | Weight |
|---|---|---|
| International Business Machines Corporation | IBM | 5.67% |
| Zurich Insurance Group AG | ZURN | 5.01% |
| Fortis Inc. | FTS | 4.77% |
| Verizon Communications Inc. | VZ | 4.73% |
| AbbVie Inc. | ABBV | 4.53% |
| The Southern Company | SO | 4.02% |
| Canadian Tire Corp Ltd | CTCA | 3.64% |
| Amcor plc | AMCR | 3.50% |
| The Boeing Company | BA | 3.44% |
| Trinity Industries, Inc. | TRN | 3.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.31698 | Dec 18, 2024 |
| Dec 20, 2023 | $0.49427 | Dec 20, 2023 |
| Dec 21, 2022 | $0.43648 | Dec 21, 2022 |
| Dec 22, 2021 | $0.39459 | Dec 22, 2021 |
| Dec 22, 2020 | $0.3765 | Dec 22, 2020 |
| Dec 20, 2019 | $0.38005 | Dec 20, 2019 |