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Virtus KAR Mid-Cap Growth Fund

VRMGX · NASDAQ

Market open$40.87$-0.370000 (-0.90%)

Key statistics

Previous close$41.24
Open$40.87
Day high$40.87
Day low$40.87
52-week high$66.17
52-week low$35.60
Market cap564.82M
Volume—
Average volume—
P/E ratio210.34
Forward P/E—
EPS0.19
Dividend yield+44.27%

Market context

Why it moved

VRMGX declined as broad selling pressure across developed international markets weighed on the fund, with portfolio reallocation activity — including decreased positions in key holdings like Adidas and Fresenius — reflecting reduced institutional appetite for developed market equities.

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What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026Virtus KAR Mid-Cap Growth Fund edged higher in premarket trading, benefiting from a broadly constructive backdrop for the financial services sector. Cooler-than-expected June CPI data (3.5% vs. 3.8% forecast) reduced near-term Fed rate hike fears, while blowout Q2 earnings from Goldman Sachs, JPMorgan, Citigroup, and Bank of America — driven by record trading revenues and surging M&A fees — lifted sentiment across asset managers. Morningstar noted the financials sector has underperformed over the past year amid AI disruption concerns, but the strong bank earnings wave and easing inflation may signal a more supportive environment for growth-oriented fund strategies.

0.6104

July 14, 2026Virtus KAR Mid-Cap Growth Fund edged slightly lower in pre-market trading, holding near its previous close as the broader financial services sector faces a mixed backdrop. The XLF sector ETF is also slipping in pre-market (-0.30%), weighed by geopolitical uncertainty stemming from renewed U.S.-Iran tensions that pushed oil prices higher and dampened risk appetite. Meanwhile, major bank earnings — including strong Q2 beats from JPMorgan and Goldman Sachs — provided some support for financials broadly, though Morningstar noted the sector has underperformed the market over the past year amid AI disruption concerns and cracks in private credit.

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July 9, 2026Virtus KAR Mid-Cap Growth Fund edged lower as macro headwinds weighed on growth-oriented equity strategies. Renewed U.S.-Iran military exchanges have reignited inflation fears, pushing oil prices sharply higher and lifting Treasury yields, a challenging backdrop for mid-cap growth funds sensitive to rate expectations. With Q2 earnings season kicking off next week and S&P 500 earnings projected to rise ~24% year-over-year, investors are also weighing whether elevated expectations leave growth-focused funds vulnerable to repricing if results disappoint.

-1.0669

July 2, 2026Virtus KAR Mid-Cap Growth Fund is trading essentially flat amid a cautious broader market tone as investors await the June U.S. nonfarm payrolls report. The asset management sector faced headwinds this quarter, with peers including Artisan Partners, Carlyle, and Blackstone all declining following mixed Q1 earnings — revenues across the group missed consensus by 1.8% and shares fell an average of 8.9% post-results. Despite the Finance sector posting a strong 10.9% Q2 gain, mid-cap growth-focused funds like VRMGX face ongoing pressure from the industry-wide shift toward passive products and elevated technology costs, even as improving equity markets provided some tailwind to AUM levels.

-0.1206

June 25, 2026Virtus KAR Mid-Cap Growth Fund is rising, outperforming the broader financial services sector as Wall Street rebounds sharply on the back of blowout earnings from Micron Technology and raised guidance from Qualcomm, sparking broad risk-on sentiment. The fund's mid-cap growth focus is benefiting from the rotation back into growth-oriented equities after Tuesday's tech-driven selloff, with the S&P 500 recovering amid easing geopolitical tensions and investor anticipation of the May PCE inflation reading.

2.0236

Peers

S&P 500SPX · $7,480.30+0.30%Buffalo InternationalBUFIX · $27.14-0.95%Diamond Hill Small-Mid Cap FundDHMAX · $28.07-0.53%Fidelity Europe FundFIEUX · $49.53-0.52%Royce Small-Cap Special Equity Fund Service ClassRSEFX · $17.71-1.01%Hartford Schroders US MidCap Opportunities FundSMDIX · $22.38-0.53%Virtus KAR Small-Cap Value FundVQSRX · $25.15-1.26%