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Virtus KAR Equity Income Fund
mutual fund
PDIAX
Payout Change
Pending
Price as of:
$20.55
+0.14
+0.69%
primary theme
U.S. Large-Cap Blend Equity
share class
PDIAX (Mutual Fund)
Virtus KAR Equity Income Fund
Payout Change
Pending
Price as of:
$20.55
+0.14
+0.69%
primary theme
U.S. Large-Cap Blend Equity
share class
PDIAX (Mutual Fund)
Virtus KAR Equity Income Fund
Payout Change
Pending
Price as of:
$20.55
+0.14
+0.69%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
10.8%
1 yr return
11.2%
3 Yr Avg Return
3.5%
5 Yr Avg Return
7.9%
Net Assets
$124 M
Holdings in Top 10
45.0%
52 WEEK LOW AND HIGH
$20.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load 5.50%
Deferred Load N/A
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 12/24/2024Price
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
PDIAX - Profile
Distributions
- YTD Total Return 10.8%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.21%
- Dividend Yield 5.7%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Equity Income Fund
-
Fund Family NameVirtus Funds
-
Inception DateJan 30, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
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.
PDIAX - Performance
Return Ranking - Trailing
| Period | PDIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.8% | -53.3% | 47.6% | 94.51% |
| 1 Yr | 11.2% | -53.0% | 47.8% | 94.76% |
| 3 Yr | 3.5%* | -24.7% | 16.4% | 92.61% |
| 5 Yr | 7.9%* | -10.4% | 108.3% | 94.94% |
| 10 Yr | 8.6%* | -0.6% | 52.3% | 92.09% |
* Annualized
Return Ranking - Calendar
| Period | PDIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.6% | -42.6% | 47.4% | 97.50% |
| 2022 | -8.0% | -56.3% | -4.2% | 0.92% |
| 2021 | 12.2% | -27.2% | 537.8% | 69.87% |
| 2020 | -15.4% | -22.5% | 2181.7% | 99.29% |
| 2019 | 26.9% | -13.5% | 40.4% | 28.94% |
Total Return Ranking - Trailing
| Period | PDIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.8% | -53.3% | 47.6% | 94.51% |
| 1 Yr | 11.2% | -53.0% | 47.8% | 94.76% |
| 3 Yr | 3.5%* | -24.7% | 16.4% | 92.61% |
| 5 Yr | 7.9%* | -10.4% | 108.3% | 94.94% |
| 10 Yr | 8.6%* | -0.6% | 52.3% | 92.09% |
* Annualized
Total Return Ranking - Calendar
| Period | PDIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.1% | -5.0% | 47.4% | 99.42% |
| 2022 | -2.7% | -36.8% | -2.2% | 0.34% |
| 2021 | 17.0% | 3.0% | 537.8% | 95.32% |
| 2020 | 14.5% | -15.8% | 2266.0% | 65.28% |
| 2019 | 28.1% | -0.4% | 241.3% | 68.18% |
NAV & Total Return History
PDIAX - Holdings
Concentration Analysis
| PDIAX | Category Low | Category High | PDIAX % Rank | |
|---|---|---|---|---|
| Net Assets | 124 M | 2.34 M | 1.84 T | 86.90% |
| Number of Holdings | 36 | 2 | 3963 | 90.63% |
| Net Assets in Top 10 | 57.6 M | 880 K | 525 B | 85.16% |
| Weighting of Top 10 | 45.02% | 0.3% | 111.6% | 17.07% |
Top 10 Holdings
- International Business Machines Corp 6.88%
- Zurich Insurance Group AG 5.18%
- Fortis Inc/Canada 4.90%
- AbbVie Inc 4.54%
- PNC Financial Services Group Inc/The 4.36%
- Amcor PLC 4.13%
- Verizon Communications Inc 4.04%
- Southern Co/The 3.73%
- MSC Industrial Direct Co Inc 3.64%
- Broadcom Inc 3.63%
Asset Allocation
| Weighting | Return Low | Return High | PDIAX % Rank | |
|---|---|---|---|---|
| Stocks | 98.30% | 0.00% | 105.79% | 65.01% |
| Cash | 2.14% | 0.00% | 99.07% | 26.95% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 87.65% |
| Other | 0.00% | -13.91% | 100.00% | 87.48% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 87.35% |
| Bonds | 0.00% | 0.00% | 93.85% | 87.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PDIAX % Rank | |
|---|---|---|---|---|
| Financial Services | 17.02% | 0.00% | 55.59% | 18.41% |
| Healthcare | 14.98% | 0.00% | 52.29% | 36.49% |
| Consumer Defense | 14.55% | 0.00% | 47.71% | 3.63% |
| Industrials | 11.94% | 0.00% | 29.90% | 19.00% |
| Communication Services | 10.47% | 0.00% | 27.94% | 15.79% |
| Utilities | 9.26% | 0.00% | 20.91% | 1.35% |
| Consumer Cyclical | 9.08% | 0.00% | 30.33% | 72.13% |
| Technology | 7.02% | 0.00% | 48.94% | 96.54% |
| Basic Materials | 3.05% | 0.00% | 25.70% | 36.32% |
| Real Estate | 1.62% | 0.00% | 31.91% | 75.59% |
| Energy | 1.01% | 0.00% | 41.64% | 83.02% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PDIAX % Rank | |
|---|---|---|---|---|
| US | 98.30% | 0.00% | 105.79% | 56.63% |
| Non US | 0.00% | 0.00% | 63.83% | 89.47% |
PDIAX - Expenses
Operational Fees
| PDIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.01% | 19.75% | 19.70% |
| Management Fee | 0.75% | 0.00% | 1.90% | 91.33% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.71% |
| Administrative Fee | 0.10% | 0.00% | 0.85% | 62.09% |
Sales Fees
| PDIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 1.00% | 5.75% | 61.87% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PDIAX 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.
| PDIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 268.00% | 44.17% |
PDIAX - Distributions
Dividend Yield Analysis
| PDIAX | Category Low | Category High | PDIAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.75% | 0.00% | 25.47% | 33.00% |
Dividend Distribution Analysis
| PDIAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PDIAX | Category Low | Category High | PDIAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.21% | -54.00% | 2.44% | 0.25% |
Capital Gain Distribution Analysis
| PDIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.584 | OrdinaryDividend |
| Dec 20, 2023 | $0.518 | OrdinaryDividend |
| Dec 21, 2022 | $1.131 | OrdinaryDividend |
| Dec 22, 2021 | $0.878 | OrdinaryDividend |
| Dec 30, 2020 | $6.611 | OrdinaryDividend |
| Dec 30, 2019 | $0.210 | OrdinaryDividend |
| Dec 27, 2018 | $0.211 | OrdinaryDividend |
| Dec 28, 2017 | $0.055 | OrdinaryDividend |
| Dec 28, 2017 | $0.403 | CapitalGainShortTerm |
| Dec 28, 2017 | $0.905 | CapitalGainLongTerm |
| Jun 29, 2017 | $0.060 | OrdinaryDividend |
| Jun 29, 2017 | $1.585 | CapitalGainShortTerm |
| Jun 29, 2017 | $0.144 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.060 | OrdinaryDividend |
| Dec 29, 2016 | $0.230 | CapitalGainShortTerm |
| Dec 29, 2016 | $0.250 | CapitalGainLongTerm |
| Jun 29, 2016 | $0.155 | OrdinaryDividend |
| Dec 30, 2015 | $0.104 | CapitalGainLongTerm |
| Jun 29, 2015 | $0.145 | OrdinaryDividend |
| Jun 29, 2015 | $1.537 | CapitalGainShortTerm |
| Jun 29, 2015 | $1.745 | CapitalGainLongTerm |
| Dec 12, 2014 | $1.010 | CapitalGainLongTerm |
| Jun 20, 2014 | $0.080 | OrdinaryDividend |
| Jun 20, 2014 | $1.891 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.020 | OrdinaryDividend |
| Dec 20, 2013 | $1.629 | CapitalGainLongTerm |
| Jun 20, 2013 | $0.084 | OrdinaryDividend |
| Dec 20, 2012 | $0.010 | OrdinaryDividend |
| Jun 21, 2012 | $0.028 | OrdinaryDividend |
| Dec 21, 2011 | $0.030 | OrdinaryDividend |
| Jun 22, 2011 | $0.033 | OrdinaryDividend |
| Dec 22, 2010 | $0.020 | OrdinaryDividend |
| Jun 22, 2010 | $0.085 | OrdinaryDividend |
| Dec 22, 2009 | $0.047 | OrdinaryDividend |
| Jun 22, 2009 | $0.131 | OrdinaryDividend |
| Dec 22, 2008 | $0.077 | OrdinaryDividend |
PDIAX - 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 | 7.29 | 2.42 |
