Virtus KAR International Small-Mid Cap Fund - Class A
VISAX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Virtus KAR International Small-Mid Cap Fund (VISAX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of non-U.S. small- and mid-capitalization companies with durable competitive advantages, excellent management teams, lower financial risk profiles, and strong growth trajectories. The fund employs a disciplined, bottom-up investment process emphasizing high-quality international businesses characterized by above-average returns on capital, solid balance sheets, consistent profitability, high free cash flow generation, and attractive valuations; it maintains a high-conviction portfolio of 30 to 60 holdings, with significant allocations to sectors such as communication services, industrials, financials, and information technology, and geographic exposure across developed and emerging markets including the United Kingdom, Eurozone, Japan, and Europe ex-Euro. Equity securities include common stocks, preferred stocks, and American Depositary Receipts (ADRs), with at least 80% of assets typically allocated to small- and mid-cap companies outside the United States; the fund is non-diversified and categorized in the Foreign Small/Mid Growth segment. Launched on September 5, 2012, and domiciled in the United States, the fund is managed as part of the Virtus Opportunities Trust and subadvised by Kayne Anderson Rudnick Investment Management, LLC (KAR), a Los Angeles-based firm founded in 1984 that specializes in quality-focused equity strategies across market capitalizations and geographies. Portfolio management is led by Craig Thrasher, who has overseen the strategy since inception, and Hyung Kim, who joined in December 2018; as of late 2025, Class A shares manage approximately $40 million in assets within a total fund complex exceeding $968 million, with a net expense ratio of 1.45% and a 5.50% front-end load. The fund targets institutional and retail investors seeking risk-adjusted long-term returns through lower-volatility growth exposure in international small- and mid-cap equities, with operations available for sale in the United States and daily pricing. Recent developments include a prospectus supplement announcing that, effective January 21, 2026, Class C shares of the fund will no longer be available for purchase by new or existing shareholders, reflecting a strategic adjustment to share class offerings amid broader portfolio management enhancements. In Q3 2025, the fund (Class I) returned -4.98%, underperforming the MSCI All Country World Ex USA Small Cap Index, prompting commentary on market conditions and portfolio positioning. At the parent level, Virtus Investment Partners has pursued growth through a strategic minority interest investment in Crescent Cove Advisors, LP announced on December 16, 2025, and an agreement to add Keystone National Group as an investment manager on December 5, 2025, alongside ongoing evaluations of inorganic opportunities to expand product lines and distribution. KAR, the subadvisor, continues to emphasize organic growth in its equity strategies, with no fund-specific acquisitions or new product launches reported in 2024-2025.