UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-00945
Virtus Equity Trust
(Exact name of registrant as specified in charter)
101 Munson Street
Greenfield, MA 01301-9668
(Address of principal executive offices) (Zip code)
Kevin J. Carr, Esq.
Senior Vice President, Chief Legal Officer, Counsel and Secretary for Registrant
One Financial Plaza
Hartford, CT 06103-2608
(Name and address of agent for service)
Registrants telephone number, including area code: (800) 243-1574
Date of fiscal year end: September 30
Date of reporting period: September 30, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
(a) | The Report to Shareholders is attached herewith. |
(b) | Not applicable. |
Virtus KAR Capital Growth Fund |
Virtus KAR Equity Income Fund |
Virtus KAR Global Quality Dividend Fund |
Virtus KAR Mid-Cap Core Fund |
Virtus KAR Mid-Cap Growth Fund |
Virtus KAR Small-Cap Core Fund |
Virtus KAR Small-Cap Growth Fund |
Virtus KAR Small-Cap Value Fund |
Virtus KAR Small-Mid Cap Core Fund |
Virtus KAR Small-Mid Cap Growth Fund |
Virtus KAR Small-Mid Cap Value Fund |
Virtus SGA Emerging Markets Growth Fund |
Virtus SGA Global Growth Fund |
Virtus SGA New Leaders Growth Fund |
Virtus Tactical Allocation Fund |
|
1 | |
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2 | |
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6 | |
Fund | Fund
Summary |
Schedule
of Investments |
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9 | 43 |
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11 | 44 |
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13 | 46 |
|
15 | 47 |
|
17 | 48 |
|
19 | 50 |
|
21 | 51 |
|
23 | 52 |
|
25 | 53 |
|
27 | 54 |
|
29 | 55 |
|
31 | 56 |
|
34 | 57 |
|
37 | 58 |
|
39 | 59 |
|
72 | |
|
80 | |
|
83 | |
|
91 | |
|
102 | |
|
122 | |
|
124 | |
|
125 | |
|
126 | |
|
129 |
Beginning
Account Value April 1, 2021 |
Ending
Account Value September 30, 2021 |
Annualized
Expense Ratio |
Expenses
Paid During Period* | |||||
KAR Capital Growth
Fund |
||||||||
Class A | $ 1,000.00 | $ 1,102.80 | 1.20 % | $ 6.33 | ||||
Class C | 1,000.00 | 1,098.10 | 2.06 | 10.83 | ||||
Class I | 1,000.00 | 1,103.90 | 1.00 | 5.27 | ||||
Class R6 | 1,000.00 | 1,105.30 | 0.73 | 3.85 | ||||
KAR Equity Income
Fund |
||||||||
Class A | 1,000.00 | 1,016.90 | 1.26 | 6.37 | ||||
Class C | 1,000.00 | 1,012.80 | 2.00 | 10.09 | ||||
Class I | 1,000.00 | 1,018.00 | 1.01 | 5.11 | ||||
Class R6 | 1,000.00 | 1,018.50 | 0.96 | 4.86 | ||||
KAR Global Quality Dividend
Fund |
||||||||
Class A | 1,000.00 | 1,020.80 | 1.35 | 6.84 | ||||
Class C | 1,000.00 | 1,016.50 | 2.10 | 10.62 | ||||
Class I | 1,000.00 | 1,022.20 | 1.10 | 5.58 | ||||
Class R6 | 1,000.00 | 1,023.40 | 0.78 | 3.96 | ||||
KAR Mid-Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,095.90 | 1.20 | 6.30 | ||||
Class C | 1,000.00 | 1,091.90 | 1.95 | 10.23 | ||||
Class I | 1,000.00 | 1,097.10 | 0.95 | 4.99 | ||||
Class R6 | 1,000.00 | 1,097.70 | 0.87 | 4.57 | ||||
KAR Mid-Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,099.50 | 1.27 | 6.68 | ||||
Class C | 1,000.00 | 1,095.20 | 2.00 | 10.50 | ||||
Class I | 1,000.00 | 1,100.80 | 1.01 | 5.32 | ||||
Class R6 | 1,000.00 | 1,101.80 | 0.83 | 4.37 | ||||
KAR Small-Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,035.60 | 1.26 | 6.43 | ||||
Class C | 1,000.00 | 1,032.00 | 1.98 | 10.09 | ||||
Class I | 1,000.00 | 1,037.10 | 0.99 | 5.06 | ||||
Class R6 | 1,000.00 | 1,037.50 | 0.91 | 4.65 | ||||
KAR Small-Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,055.70 | 1.34 | 6.91 | ||||
Class C | 1,000.00 | 1,052.00 | 2.05 | 10.55 | ||||
Class I | 1,000.00 | 1,057.00 | 1.07 | 5.52 | ||||
Class R6 | 1,000.00 | 1,057.50 | 0.97 | 5.00 |
Beginning
Account Value April 1, 2021 |
Ending
Account Value September 30, 2021 |
Annualized
Expense Ratio |
Expenses
Paid During Period* | |||||
KAR Small-Cap Value
Fund |
||||||||
Class A | $1,000.00 | $ 985.20 | 1.21% | $ 6.02 | ||||
Class C | 1,000.00 | 981.50 | 1.97 | 9.79 | ||||
Class I | 1,000.00 | 986.30 | 0.96 | 4.78 | ||||
Class R6 | 1,000.00 | 986.60 | 0.91 | 4.53 | ||||
KAR Small-Mid Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,043.00 | 1.30 | 6.66 | ||||
Class C | 1,000.00 | 1,039.50 | 2.05 | 10.48 | ||||
Class I | 1,000.00 | 1,045.00 | 1.00 | 5.13 | ||||
Class R6 | 1,000.00 | 1,045.40 | 0.97 | 4.97 | ||||
KAR Small-Mid Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,093.00 | 1.30 | 6.82 | ||||
Class C | 1,000.00 | 1,088.00 | 2.05 | 10.73 | ||||
Class I | 1,000.00 | 1,093.90 | 1.05 | 5.51 | ||||
Class R6 | 1,000.00 | 1,094.90 | 0.99 | 5.20 | ||||
KAR Small-Mid Cap Value
Fund** |
||||||||
Class A | 1,000.00 | 964.00 | 1.17 | 1.83 | ||||
Class C | 1,000.00 | 963.00 | 1.92 | 2.99 | ||||
Class I | 1,000.00 | 964.00 | 0.92 | 1.44 | ||||
Class R6 | 1,000.00 | 965.00 | 0.82 | 1.28 | ||||
SGA Emerging Markets Growth
Fund |
||||||||
Class A | 1,000.00 | 928.30 | 1.48 | 7.15 | ||||
Class C | 1,000.00 | 925.10 | 2.23 | 10.76 | ||||
Class I | 1,000.00 | 930.10 | 1.23 | 5.95 | ||||
Class R6 | 1,000.00 | 930.30 | 1.05 | 5.08 | ||||
SGA Global Growth
Fund |
||||||||
Class A | 1,000.00 | 1,057.20 | 1.38 | 7.12 | ||||
Class C | 1,000.00 | 1,053.20 | 2.15 | 11.07 | ||||
Class I | 1,000.00 | 1,058.60 | 1.13 | 5.83 | ||||
Class R6 | 1,000.00 | 1,059.90 | 0.90 | 4.65 | ||||
SGA New Leaders Growth
Fund |
||||||||
Class A | 1,000.00 | 1,025.00 | 1.39 | 7.06 | ||||
Class C | 1,000.00 | 1,021.20 | 2.14 | 10.84 | ||||
Class I | 1,000.00 | 1,026.00 | 1.14 | 5.79 | ||||
Class R6 | 1,000.00 | 1,026.90 | 0.91 | 4.62 | ||||
Tactical Allocation
Fund |
||||||||
Class A | 1,000.00 | 1,072.50 | 1.02 | 5.30 | ||||
Class C | 1,000.00 | 1,068.50 | 1.78 | 9.23 | ||||
Class I | 1,000.00 | 1,072.90 | 0.79 | 4.11 | ||||
Class R6 | 1,000.00 | 1,074.20 | 0.63 | 3.28 |
* | Expenses are equal to the relevant Fund’s annualized expense ratio, which is net of waived fees and reimbursed expenses, if applicable, multiplied by the average account value over the period, multiplied by the number of days (183) expenses were accrued in the most recent fiscal half-year, then divided by 365 to reflect the one-half year period. |
** | August 4, 2021, is the date the Fund started accruing expenses. Expenses are equal to the Fund’s annualized expense ratio, which is net of waived fees and reimbursed expenses, if applicable, multiplied by the average account value over the period, multiplied by the number of days (58) expenses were accrued in the most recent fiscal half-year, then divided by 365 to reflect the one-half year period. |
Beginning
Account Value April 1, 2021 |
Ending
Account Value September 30, 2021 |
Annualized
Expense Ratio |
Expenses
Paid During Period* | |||||
KAR Capital Growth
Fund |
||||||||
Class A | $ 1,000.00 | $ 1,019.05 | 1.20 % | $ 6.07 | ||||
Class C | 1,000.00 | 1,014.74 | 2.06 | 10.40 | ||||
Class I | 1,000.00 | 1,020.05 | 1.00 | 5.06 | ||||
Class R6 | 1,000.00 | 1,021.41 | 0.73 | 3.70 | ||||
KAR Equity Income
Fund |
||||||||
Class A | 1,000.00 | 1,018.75 | 1.26 | 6.38 | ||||
Class C | 1,000.00 | 1,015.04 | 2.00 | 10.10 | ||||
Class I | 1,000.00 | 1,020.00 | 1.01 | 5.11 | ||||
Class R6 | 1,000.00 | 1,020.26 | 0.96 | 4.86 | ||||
KAR Global Quality Dividend
Fund |
||||||||
Class A | 1,000.00 | 1,018.30 | 1.35 | 6.83 | ||||
Class C | 1,000.00 | 1,014.54 | 2.10 | 10.61 | ||||
Class I | 1,000.00 | 1,019.55 | 1.10 | 5.57 | ||||
Class R6 | 1,000.00 | 1,021.16 | 0.78 | 3.95 | ||||
KAR Mid-Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,019.05 | 1.20 | 6.07 | ||||
Class C | 1,000.00 | 1,015.29 | 1.95 | 9.85 | ||||
Class I | 1,000.00 | 1,020.31 | 0.95 | 4.81 | ||||
Class R6 | 1,000.00 | 1,020.71 | 0.87 | 4.41 | ||||
KAR Mid-Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,018.70 | 1.27 | 6.43 | ||||
Class C | 1,000.00 | 1,015.04 | 2.00 | 10.10 | ||||
Class I | 1,000.00 | 1,020.00 | 1.01 | 5.11 | ||||
Class R6 | 1,000.00 | 1,020.91 | 0.83 | 4.20 | ||||
KAR Small-Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,018.75 | 1.26 | 6.38 | ||||
Class C | 1,000.00 | 1,015.14 | 1.98 | 10.00 | ||||
Class I | 1,000.00 | 1,020.10 | 0.99 | 5.01 | ||||
Class R6 | 1,000.00 | 1,020.51 | 0.91 | 4.61 | ||||
KAR Small-Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,018.35 | 1.34 | 6.78 | ||||
Class C | 1,000.00 | 1,014.79 | 2.05 | 10.35 | ||||
Class I | 1,000.00 | 1,019.70 | 1.07 | 5.42 | ||||
Class R6 | 1,000.00 | 1,020.21 | 0.97 | 4.91 | ||||
KAR Small-Cap Value
Fund |
||||||||
Class A | 1,000.00 | 1,019.00 | 1.21 | 6.12 | ||||
Class C | 1,000.00 | 1,015.19 | 1.97 | 9.95 | ||||
Class I | 1,000.00 | 1,020.26 | 0.96 | 4.86 | ||||
Class R6 | 1,000.00 | 1,020.51 | 0.91 | 4.61 | ||||
KAR Small-Mid Cap Core
Fund |
||||||||
Class A | 1,000.00 | 1,018.55 | 1.30 | 6.58 | ||||
Class C | 1,000.00 | 1,014.79 | 2.05 | 10.35 | ||||
Class I | 1,000.00 | 1,020.05 | 1.00 | 5.06 | ||||
Class R6 | 1,000.00 | 1,020.21 | 0.97 | 4.91 | ||||
KAR Small-Mid Cap Growth
Fund |
||||||||
Class A | 1,000.00 | 1,018.55 | 1.30 | 6.58 | ||||
Class C | 1,000.00 | 1,014.79 | 2.05 | 10.35 | ||||
Class I | 1,000.00 | 1,019.80 | 1.05 | 5.32 | ||||
Class R6 | 1,000.00 | 1,020.10 | 0.99 | 5.01 |
Beginning
Account Value April 1, 2021 |
Ending
Account Value September 30, 2021 |
Annualized
Expense Ratio |
Expenses
Paid During Period* | |||||
KAR Small-Mid Cap Value
Fund** |
||||||||
Class A | $1,000.00 | $1,006.09 | 1.17% | $ 1.86 | ||||
Class C | 1,000.00 | 1,004.89 | 1.92 | 3.06 | ||||
Class I | 1,000.00 | 1,006.48 | 0.92 | 1.47 | ||||
Class R6 | 1,000.00 | 1,006.64 | 0.82 | 1.31 | ||||
SGA Emerging Markets Growth
Fund |
||||||||
Class A | 1,000.00 | 1,017.65 | 1.48 | 7.49 | ||||
Class C | 1,000.00 | 1,013.89 | 2.23 | 11.26 | ||||
Class I | 1,000.00 | 1,018.90 | 1.23 | 6.23 | ||||
Class R6 | 1,000.00 | 1,019.80 | 1.05 | 5.32 | ||||
SGA Global Growth
Fund |
||||||||
Class A | 1,000.00 | 1,018.15 | 1.38 | 6.98 | ||||
Class C | 1,000.00 | 1,014.29 | 2.15 | 10.86 | ||||
Class I | 1,000.00 | 1,019.40 | 1.13 | 5.72 | ||||
Class R6 | 1,000.00 | 1,020.56 | 0.90 | 4.56 | ||||
SGA New Leaders Growth
Fund |
||||||||
Class A | 1,000.00 | 1,018.10 | 1.39 | 7.03 | ||||
Class C | 1,000.00 | 1,014.34 | 2.14 | 10.81 | ||||
Class I | 1,000.00 | 1,019.35 | 1.14 | 5.77 | ||||
Class R6 | 1,000.00 | 1,020.51 | 0.91 | 4.61 | ||||
Tactical Allocation
Fund |
||||||||
Class A | 1,000.00 | 1,019.95 | 1.02 | 5.16 | ||||
Class C | 1,000.00 | 1,016.14 | 1.78 | 9.00 | ||||
Class I | 1,000.00 | 1,021.11 | 0.79 | 4.00 | ||||
Class R6 | 1,000.00 | 1,021.91 | 0.63 | 3.19 |
* | Expenses are equal to the relevant Fund’s annualized expense ratio, which is net of waived fees and reimbursed expenses, if applicable, multiplied by the average account value over the period, multiplied by the number of days (183) expenses were accrued in the most recent fiscal half-year, then divided by 365 to reflect the one-half year period. |
** | August 4, 2021, is the date the Fund started accruing expenses. Expenses are equal to the Fund’s annualized expense ratio, which is net of waived fees and reimbursed expenses, if applicable, multiplied by the average account value over the period, multiplied by the number of days (58) expenses were accrued in the most recent fiscal half-year, then divided by 365 to reflect the one-half year period. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 21.98 % | 21.93 % | 18.76 % | — % | — | |||||||
Class A shares at POP3,4 | 15.28 | 20.56 | 18.09 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 21.00 | 20.98 | 17.86 | — | — | |||||||
Class I shares at NAV2 | 22.23 | 22.07 | 18.99 | — | — | |||||||
Class R6 shares at NAV2 | 22.55 | — | — | 19.45 | 1/30/18 | |||||||
Russell 1000® Growth Index | 27.32 | 22.84 | 19.68 | 20.63 5 | — | |||||||
Fund Expense Ratios6: Class A shares: 1.23%; Class C shares: 2.00%; Class I shares: 1.01%; Class R6 shares: Gross 0.94%, Net 0.73%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 20.23 % | 12.95 % | 13.85 % | — % | — | |||||||
Class A shares at POP3,4 | 13.62 | 11.68 | 13.20 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 19.31 | 12.09 | 12.98 | — | — | |||||||
Class I shares at NAV2 | 20.49 | 13.22 | 14.12 | — | — | |||||||
Class R6 shares at NAV2 | 20.55 | — | — | 9.11 | 1/30/18 | |||||||
MSCI USA High Dividend Yield Index (net) | 20.32 | 9.54 | 12.20 | 6.21 5 | — | |||||||
Fund Expense Ratios6: Class A shares: Gross 1.35%, Net 1.20%; Class C shares: Gross 2.11%, Net 1.95%; Class I shares: Gross 1.10%, Net 0.95%; Class R6 shares: Gross 1.03%; Net 0.91%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 18.42 % | 6.11 % | 9.57 % | — % | — | |||||||
Class A shares at POP3,4 | 11.91 | 4.91 | 8.95 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 17.52 | 5.31 | 8.75 | — | — | |||||||
Class I shares at NAV2 | 18.78 | 6.37 | 9.85 | — | — | |||||||
Class R6 shares at NAV2 | 19.15 | — | — | 4.53 | 8/1/19 | |||||||
MSCI World High Dividend Yield Index (net) | 20.84 | 7.73 | 8.83 | 8.17 5 | — | |||||||
Global Quality Dividend Linked Benchmark | 20.84 | 9.30 | 12.67 | 8.17 5 | — | |||||||
Fund Expense Ratios6: Class A shares: Gross 1.61%, Net 1.35%; Class C shares: Gross 2.35%, Net 2.10%; Class I shares: Gross 1.40%, Net 1.10%; Class R6 shares: Gross 1.27%, Net 0.78%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 36.25 % | 18.29 % | 17.07 % | — % | — | |||||||
Class A shares at POP3,4 | 28.76 | 16.96 | 16.41 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 35.23 | 17.40 | 16.20 | — | — | |||||||
Class I shares at NAV2 | 36.59 | 18.58 | 17.37 | — | — | |||||||
Class R6 shares at NAV2 | 36.67 | — | — | 16.02 | 1/30/18 | |||||||
Russell Midcap® Index | 38.11 | 14.39 | 15.52 | 12.55 5 | — | |||||||
Fund Expense Ratios6: Class A shares: Gross 1.35%, Net 1.21%; Class C shares: Gross 2.10%, Net 1.96%; Class I shares: Gross 1.10%, Net 0.96%; Class R6 shares: Gross 1.01%, Net 0.88%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 23.07 % | 27.61 % | 20.12 % | — % | — | |||||||
Class A shares at POP3,4 | 16.30 | 26.17 | 19.44 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 22.13 | 26.65 | 19.22 | — | — | |||||||
Class I shares at NAV2 | 23.35 | 27.90 | 20.41 | — | — | |||||||
Class R6 shares at NAV2 | 23.57 | — | — | 27.23 | 1/30/18 | |||||||
Russell Midcap® Growth Index | 30.45 | 19.27 | 17.54 | 17.60 5 | — | |||||||
Fund Expense Ratios6: Class A shares: 1.28%; Class C shares: 2.04%; Class I shares: 1.05%; Class R6 shares: Gross 0.95%, Net 0.85%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 28.68 % | 21.27 % | 17.10 % | — % | — | |||||||
Class A shares at POP3,4 | 21.60 | 19.91 | 16.44 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 27.74 | 20.38 | 16.24 | — | — | |||||||
Class I shares at NAV2 | 29.03 | 21.60 | 17.40 | — | — | |||||||
Class R6 shares at NAV2 | 29.14 | 21.70 | — | 17.49 | 11/12/14 | |||||||
Russell 2000® Index | 47.68 | 13.45 | 14.63 | 10.89 5 | — | |||||||
Fund Expense Ratios6: Class A shares: 1.28%; Class C shares: 2.01%; Class I shares: 1.00%; Class R6 shares: 0.93%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 20.46 % | 26.21 % | 21.37 % | — % | — | |||||||
Class A shares at POP3,4 | 13.83 | 24.79 | 20.68 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 19.60 | 25.28 | 20.47 | — | — | |||||||
Class I shares at NAV2 | 20.77 | 26.54 | 21.68 | — | — | |||||||
Class R6 shares at NAV2 | 20.88 | — | — | 22.75 | 1/30/18 | |||||||
Russell 2000® Growth Index | 33.27 | 15.34 | 15.74 | 12.58 5 | — | |||||||
Fund Expense Ratios6: Class A shares: 1.36%; Class C shares: 2.08%; Class I shares:1.10%; Class R6 shares: 1.00%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | 5 Years | 10 Years | Since
inception |
Inception
date | ||||||||
Class A shares at NAV2 | 37.45 % | 14.41 % | 13.94 % | — % | — | |||||||
Class A shares at POP3,4 | 29.89 | 13.12 | 13.29 | — | — | |||||||
Class C shares at NAV2 and with CDSC4 | 36.44 | 13.58 | 13.09 | — | — | |||||||
Class I shares at NAV2 | 37.83 | 14.70 | 14.23 | — | — | |||||||
Class R6 shares at NAV2 | 37.85 | — | — | 16.12 | 11/3/16 | |||||||
Russell 2000® Value Index | 63.92 | 11.03 | 13.22 | 12.59 5 | — | |||||||
Fund Expense Ratios6: Class A shares: 1.23%; Class C shares: 1.98%; Class I shares: 0.99%; Class R6 shares: 0.89%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the inception date of Class R6 shares. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Expense ratios include fees and expenses associated with any underlying funds. |
1 Year | Since
inception |
Inception
date | ||||||
Class A shares at NAV2 | 29.38 % | 19.56 % | 3/7/18 | |||||
Class A shares at POP3,4 | 22.27 | 17.68 | 3/7/18 | |||||
Class C shares at NAV2 and with CDSC4 | 28.39 | 18.68 | 3/7/18 | |||||
Class I shares at NAV2 | 29.72 | 19.87 | 3/7/18 | |||||
Class R6 shares at NAV2 | 29.82 | 19.97 | 3/7/18 | |||||
Russell 2500™ Index | 45.03 | 12.83 5 | — | |||||
Fund Expense Ratios6: Class A shares: Gross 1.40%, Net 1.31%; Class C shares: Gross 2.08%, Net 2.06%; Class I shares: Gross 1.10%, Net 1.06%; Class R6 shares: Gross 1.00%, Net 0.98%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the Fund’s inception date. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
Since
inception |
Inception
date | |||||
Class A shares at NAV2 | 7.00 % | 12/8/20 | ||||
Class A shares at POP3,4 | 1.12 | 12/8/20 | ||||
Class C shares at NAV2 | 6.30 | 12/8/20 | ||||
Class C shares with CDSC4 | 5.30 | 12/8/20 | ||||
Class I shares at NAV2 | 7.20 | 12/8/20 | ||||
Class R6 shares at NAV2 | 7.30 | 12/8/20 | ||||
Russell 2500™ Growth Index | 9.46 5 | — | ||||
Fund Expense Ratios6: Class A shares: Gross 1.40%, Net 1.30%; Class C shares: Gross 2.09%, Net 2.05%; Class I shares: Gross 1.14%, Net 1.05%; Class R6 shares: Gross 1.05%, Net 0.99%. |
All returns represent past performance which is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The above table and graph below do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Please visit Virtus.com for performance data current to the most recent month-end. |
1 | Total returns are historical and include changes in share price and the reinvestment of both dividends and capital gain distributions. |
2 | “NAV” (Net Asset Value) total returns do not include the effect of any sales charge. |
3 | “POP” (Public Offering Price) total returns include the effect of the maximum front-end 5.50% sales charge. |
4 | “CDSC” (contingent deferred sales charge) is applied to redemptions of certain classes of shares that do not have a sales charge applied at the time of purchase. CDSC for certain redemptions of Class A shares made within 18 months of a finder’s fee being paid and all Class C shares are 1% within the first year and 0% thereafter. |
5 | The since inception index return is from the Fund’s inception date. |
6 | The expense ratios of the Fund are set forth according to the prospectus for the Fund effective February 1, 2021, as supplemented and revised, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report. See the Financial Highlights for more current expense ratios. Net Expense: Expenses reduced by a contractual expense limitation in effect through February 1, 2022. Gross Expense: Does not reflect the effect of the expense limitation. Expense ratios include fees and expenses associated with any underlying funds. |
Since
inception |
Inception
date | ||
Class A shares at NAV2 | -3.60 % | 8/3/21 | |
Class A shares at POP3,4 | -8.90 | 8/3/21 | |
Class C shares at NAV2 | -3.70 | 8/3/21 | |
Class C shares with CDSC4 | -4.66 | 8/3/21 | |
Class I shares at NAV2 | -3.60 | 8/3/21 | |
Class R6 shares at NAV2 | -3.50 | 8/3/21 | |
Russell 2500™ Value Index | -0.75 5 |