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Virtus KAR Global Quality Dividend Fund
mutual fund
PPTAX
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
N/A
share class
PPTAX (Mutual Fund)
Virtus KAR Global Quality Dividend Fund
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
N/A
share class
PPTAX (Mutual Fund)
Virtus KAR Global Quality Dividend Fund
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
N/A
share class
Name
As of 12/13/2024Price
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
7.5%
1 yr return
7.7%
3 Yr Avg Return
4.2%
5 Yr Avg Return
3.2%
Net Assets
$30.7 M
Holdings in Top 10
42.8%
52 WEEK LOW AND HIGH
$15.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.55%
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 12/13/2024Price
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
PPTAX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.55%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus KAR Global Quality Dividend Fund
-
Fund Family NameVirtus Funds
-
Inception DateAug 01, 2019
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRichard Sherry
Fund Description
The fund invests in a globally diversified portfolio of primarily high-quality, mature companies with high dividend yields. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. The fund invests in dividend paying equity securities of companies that are tied economically to a number of countries throughout the world, including depositary receipts. 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.
PPTAX - Performance
Return Ranking - Trailing
| Period | PPTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -35.6% | 29.2% | 39.04% |
| 1 Yr | 7.7% | 17.3% | 252.4% | 94.66% |
| 3 Yr | 4.2%* | -3.5% | 34.6% | 92.34% |
| 5 Yr | 3.2%* | 0.1% | 32.7% | 95.57% |
| 10 Yr | 5.0%* | -6.9% | 18.3% | 74.95% |
* Annualized
Return Ranking - Calendar
| Period | PPTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.0% | -24.3% | 957.1% | 97.52% |
| 2022 | -5.5% | -38.3% | 47.1% | 61.82% |
| 2021 | 10.2% | -54.2% | 0.6% | 51.28% |
| 2020 | -8.8% | -76.0% | 54.1% | 98.54% |
| 2019 | 19.4% | -26.1% | 47.8% | 6.38% |
Total Return Ranking - Trailing
| Period | PPTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.5% | -35.6% | 29.2% | 40.16% |
| 1 Yr | 7.7% | 11.4% | 252.4% | 99.20% |
| 3 Yr | 4.2%* | -3.5% | 34.6% | 97.32% |
| 5 Yr | 3.2%* | 0.1% | 32.7% | 97.85% |
| 10 Yr | 5.0%* | -6.9% | 18.3% | 79.41% |
* Annualized
Total Return Ranking - Calendar
| Period | PPTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -24.3% | 957.1% | 97.52% |
| 2022 | -2.8% | -33.1% | 47.1% | 62.20% |
| 2021 | 12.6% | -44.4% | 1.8% | 65.28% |
| 2020 | -6.5% | -6.5% | 54.1% | 99.71% |
| 2019 | 22.1% | -14.4% | 47.8% | 11.48% |
NAV & Total Return History
PPTAX - Holdings
Concentration Analysis
| PPTAX | Category Low | Category High | PPTAX % Rank | |
|---|---|---|---|---|
| Net Assets | 30.7 M | 199 K | 133 B | 83.33% |
| Number of Holdings | 38 | 1 | 9075 | 81.61% |
| Net Assets in Top 10 | 13.8 M | -18 M | 37.6 B | 78.63% |
| Weighting of Top 10 | 42.81% | 9.1% | 100.0% | 28.26% |
Top 10 Holdings
- International Business Machines Corp 6.48%
- Fortis Inc/Canada 4.85%
- Verizon Communications Inc 4.78%
- AbbVie Inc 4.36%
- Amcor PLC 4.17%
- Southern Co/The 4.02%
- Zurich Insurance Group AG 3.87%
- BCE Inc 3.72%
- Terna - Rete Elettrica Nazionale 3.36%
- Deutsche Post AG 3.21%
Asset Allocation
| Weighting | Return Low | Return High | PPTAX % Rank | |
|---|---|---|---|---|
| Stocks | 97.35% | 61.84% | 125.47% | 45.70% |
| Cash | 3.09% | -174.70% | 23.12% | 49.67% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 88.77% |
| Other | 0.00% | -13.98% | 19.14% | 89.76% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 88.22% |
| Bonds | 0.00% | -1.50% | 161.67% | 88.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PPTAX % Rank | |
|---|---|---|---|---|
| Financial Services | 23.43% | 0.00% | 38.42% | 34.80% |
| Communication Services | 18.65% | 0.00% | 57.66% | 13.66% |
| Utilities | 11.40% | 0.00% | 29.12% | 4.74% |
| Healthcare | 11.13% | 0.00% | 35.42% | 31.83% |
| Industrials | 10.50% | 0.00% | 44.06% | 8.92% |
| Consumer Defense | 8.28% | 0.00% | 73.28% | 40.64% |
| Consumer Cyclical | 6.16% | 0.00% | 40.94% | 87.67% |
| Technology | 4.36% | 0.00% | 49.87% | 94.16% |
| Basic Materials | 2.84% | 0.00% | 38.60% | 51.98% |
| Energy | 1.99% | 0.00% | 21.15% | 97.03% |
| Real Estate | 1.27% | 0.00% | 39.48% | 59.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PPTAX % Rank | |
|---|---|---|---|---|
| US | 63.21% | 0.13% | 103.82% | 48.02% |
| Non US | 34.14% | 0.58% | 99.46% | 51.10% |
PPTAX - Expenses
Operational Fees
| PPTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.55% | 0.01% | 44.27% | 29.08% |
| Management Fee | 0.75% | 0.00% | 1.82% | 62.80% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 52.11% |
| Administrative Fee | 0.10% | 0.01% | 0.76% | 65.80% |
Sales Fees
| PPTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.50% | 5.75% | 60.80% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PPTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PPTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 395.00% | 67.78% |
PPTAX - Distributions
Dividend Yield Analysis
| PPTAX | Category Low | Category High | PPTAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.26% | 88.51% |
Dividend Distribution Analysis
| PPTAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
Net Income Ratio Analysis
| PPTAX | Category Low | Category High | PPTAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.55% | -4.27% | 12.65% | 10.11% |
Capital Gain Distribution Analysis
| PPTAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.496 | OrdinaryDividend |
| Dec 21, 2022 | $0.409 | OrdinaryDividend |
| Dec 22, 2021 | $0.317 | OrdinaryDividend |
| Dec 22, 2020 | $0.342 | OrdinaryDividend |
| Dec 20, 2019 | $0.345 | OrdinaryDividend |
| Dec 17, 2018 | $0.066 | OrdinaryDividend |
| Dec 17, 2018 | $1.331 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.027 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.261 | OrdinaryDividend |
| Dec 20, 2017 | $1.511 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.101 | CapitalGainLongTerm |
| Jun 22, 2017 | $0.270 | OrdinaryDividend |
| Jun 22, 2017 | $1.049 | CapitalGainLongTerm |
| Jun 22, 2016 | $0.140 | OrdinaryDividend |
| Jun 22, 2015 | $0.075 | OrdinaryDividend |
| Dec 22, 2014 | $0.031 | OrdinaryDividend |
| Jun 20, 2014 | $0.090 | OrdinaryDividend |
| Dec 20, 2013 | $0.012 | OrdinaryDividend |
| Jun 20, 2013 | $0.095 | OrdinaryDividend |
| Dec 20, 2012 | $0.026 | OrdinaryDividend |
| Jun 21, 2012 | $0.086 | OrdinaryDividend |
| Dec 21, 2011 | $0.034 | OrdinaryDividend |
| Jun 22, 2011 | $0.060 | OrdinaryDividend |
| Dec 22, 2010 | $0.033 | OrdinaryDividend |
| Jun 22, 2010 | $0.088 | OrdinaryDividend |
| Dec 22, 2009 | $0.040 | OrdinaryDividend |
| Jun 22, 2009 | $0.070 | OrdinaryDividend |
| Dec 22, 2008 | $0.040 | OrdinaryDividend |
PPTAX - Fund Manager Analysis
Managers
Richard Sherry
Start Date
Tenure
Tenure Rank
Sep 01, 2009
12.75
12.8%
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 |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
