Virtus KAR Mid-Cap Growth Fund
VRMGX
NASDAQ- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Greenfield MA 01301 Greenfield MA United States of America 01301
- IPO Date
- Jan 30, 2018
- CIK
- 0000034273
- Website
- virtus.com
- Similar Companies
- Business
- Virtus KAR Mid-Cap Growth Fund (VRMGX) is an open-end mutual fund managed by Virtus Investment Partners, Inc., focusing on long-term capital appreciation through investments primarily in common stocks of mid-cap growth companies. The fund invests at least 80% of its net assets in equity securities of mid-capitalization companies, defined as those with market capitalizations between $2 billion and $10 billion at the time of purchase, or within the market capitalization range of the Russell Midcap Growth Index; it employs a growth-oriented strategy emphasizing companies with strong earnings growth potential, competitive advantages, and attractive valuations. The portfolio includes sectors such as information technology, health care, consumer discretionary, industrials, and financials, with holdings diversified across domestic U.S. issuers and select international exposure. Established as part of Virtus KAR Small-Cap Growth Fund series and restructured under the KAR brand following Virtus Investment Partners' 2018 acquisition of Kayne Anderson Rudnick Investment Management (KAR), the fund operates under the Virtus KAR suite with sub-advisory from Kayne Anderson Rudnick; Virtus Investment Partners, headquartered in Hartford, Connecticut and founded in 1995, provides the primary advisory services. The fund targets institutional and retail investors seeking mid-cap growth exposure, with geographic focus on the United States and limited allocations to developed markets. Recent developments include portfolio manager transitions in 2023, with key team members from Kayne Anderson Rudnick maintaining continuity amid Virtus' ongoing integration of sub-advisory platforms; the fund reported strong performance relative to peers in 2024, driven by overweight positions in technology and health care amid market rotations. In late 2024, Virtus announced enhancements to its mid-cap growth strategies, including refined quantitative screens for earnings quality, aligning with broader industry shifts toward quality growth amid elevated interest rates; no major funding rounds or acquisitions directly impacted VRMGX, but parent Virtus expanded distribution partnerships with major wirehouses and retirement platforms.