Virtus KAR Emerging Markets Small-Cap Fund A
VAESX
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 101 Munson Street DE United States of America
- IPO Date
- Dec 20, 2013
- CIK
- 0001005020
- Website
- virtus.com
- Similar Companies
- Business
- Virtus KAR Emerging Markets Small-Cap Fund A (VAESX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its assets in equity or equity-linked securities of small-capitalization companies located in emerging markets. The fund employs a disciplined, fundamental research-driven process to select high-quality small-cap businesses characterized by durable competitive advantages, excellent management teams, lower financial risk, strong growth trajectories, above-average returns on capital, and attractive valuations; it maintains a high-conviction portfolio of 30-60 holdings with a low-turnover approach focused on sectors such as industrials, communication services, information technology, financials, and consumer staples. Managed by Kayne Anderson Rudnick Investment Management, LLC (KAR), an affiliate of Virtus Investment Partners, Inc., the fund targets institutional and retail investors seeking exposure to diversified emerging markets small-cap equities across countries including Poland, Brazil, the United Kingdom, South Korea, and others. Launched on December 17, 2013, the Class A shares (ticker: VAESX; CUSIP: 92828W627) are headquartered in Hartford, Connecticut, through Virtus Investment Partners, with KAR based in Los Angeles, California. As of December 2025, the fund's assets under management stand at approximately $36.5 million for the Class A share class and $340.6 million overall, with key portfolio characteristics including an average weighted market capitalization of $2.61 billion, median market cap of $1.67 billion, trailing P/E of 16.69 (ex-negative earnings), and a 3-year earnings growth rate of 26.85%; top holdings as of September 30, 2025, feature Baltic Classifieds Group PLC (8.47%), Grupa Pracuj SA (6.34%), and Caixa Seguridade Participacoes S/A (4.42%). In a significant recent development, effective January 21, 2026, Class C shares of the fund will no longer be available for purchase by new or existing shareholders, as announced in a Prospectus Supplement, reflecting a strategic adjustment to the fund's share class offerings. The fund operates within the diversified emerging markets category, emphasizing lower volatility through investments in companies with solid balance sheets, consistent profitability, high free cash flow, and minimal reliance on external financing.