KMID leverages Kayne Anderson Rudnick’s
expertise in quality-focused equity strategies
Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its
offerings of distinctive, actively managed exchange-traded funds
with the introduction of the Virtus KAR Mid-Cap ETF, (NYSE: KMID),
the first ETF strategy managed by Kayne Anderson Rudnick (KAR).
The Virtus KAR Mid-Cap ETF is an actively managed, concentrated
portfolio consisting of 25-35 high-quality mid-cap stocks, selected
using KAR’s disciplined and rigorous business-analyst approach to
fundamental research, and looking to own these businesses for the
long run. KMID aims to generate attractive risk-adjusted long-term
returns by offering investments in businesses with sustainable
competitive advantages that can maintain above-average growth and
are better positioned to exceed consensus growth expectations.
“We consider mid-caps to be in the equity ‘sweet spot’ between
faster-growing small caps and less-volatile large caps,
representing an attractive investment opportunity,” said KAR’s Jon
Christensen, CFA, portfolio manager and senior research analyst,
who manages KMID with Craig Stone, co-chief investment officer and
portfolio manager. “Investors whose portfolios do not have
dedicated exposure to mid-cap equities may be missing out on the
growth potential of this compelling segment.”
Virtus’ multi-manager ETF platform, Virtus ETF Solutions, now
offers 19 actively managed and index-based ETFs across multiple
asset classes. These include the Virtus Terranova U.S. Quality
Momentum ETF (JOET) as well as ETFs managed by other Virtus
affiliates, Duff & Phelps Investment Management Co., Newfleet
Asset Management, Seix Investment Advisors, and Stone Harbor
Investment Partners.
“We are excited to launch the first ETF managed by Kayne, which
has been delivering high-quality investment strategies for 40
years,” said William J. Smalley, executive managing director,
Virtus ETF Solutions. “KAR is extending to investors its well-known
active management capabilities in a transparent and tax-efficient
structure that adds value to their stock selection process by
selecting what they consider to be quality mid-sized businesses
with strong growth prospects.”
About Kayne Anderson Rudnick
Kayne Anderson Rudnick, an affiliate of Virtus Investment
Partners, is an investment management and wealth advisory firm
founded in 1984 by John Anderson (a Forbes 400 billionaire and the
benefactor of UCLA’s Anderson School of Management). Based in Los
Angeles, the firm has $69.8 billion in assets under management as
of September 30, 2024. The company manages assets for corporations,
endowments, foundations, public entities, and high net worth
individuals. With 40 years of experience, the firm is known for its
commitment to high quality in its business practices, investment
strategies and wealth solutions.
About Virtus ETF Solutions
Virtus ETF Solutions is an ETF sponsor that offers actively
managed and index-based investment capabilities across multiple
asset classes, seeking to deliver a family of complementary ETFs
that provide investors access to differentiated investment
capabilities from select managers.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors. We
provide investment management products and services from our
affiliated managers, each with a distinct investment style and
autonomous investment process, as well as select subadvisers.
Investment solutions are available across multiple disciplines and
product types to meet a wide array of investor needs. Additional
information about our firm, investment partners, and strategies is
available at virtus.com.
Risk Considerations
Exchange-Traded Funds (ETF): The value of an ETF may be
more volatile than the underlying portfolio of securities it is
designed to track. The costs to the portfolio of owning shares of
an ETF may exceed the cost of investing directly in the underlying
securities. Equity Securities: The market price of equity
securities may be adversely affected by financial market, industry,
or issuer-specific events. Focus on a particular style or on small,
medium, or large-sized companies may enhance that risk. Limited
Number of Investments: Because the portfolio has a limited
number of securities, it may be more susceptible to factors
adversely affecting its securities than a portfolio with a greater
number of securities. Non-Diversified: The portfolio is not
diversified and may be more susceptible to factors negatively
impacting its holdings to the extent the portfolio invests more of
its assets in the securities of fewer issuers than would a
diversified portfolio. Market Price/NAV: At the time of
purchase and/or sale, an investor’s shares may have a market price
that is above or below the fund’s NAV, which may increase the
investor’s risk of loss. Market Volatility: The value of the
securities in the portfolio may go up or down in response to the
prospects of individual companies and/or general economic
conditions. Local, regional, or global events such as war,
terrorism, pandemic, or recession could impact the portfolio,
including hampering the ability of the portfolio’s manager(s) to
invest its assets as intended.
Prospectus: For additional information on risks, please
see the fund’s prospectus.
The Russell Midcap® Index is a market
capitalization-weighted index of medium-capitalization stocks of
U.S. companies. The index is calculated on a total return basis
with dividends reinvested. The S&P 500® Index is a
free-float market capitalization-weighted index of 500 of the
largest U.S. companies. The Russell 2000® Index is a market
capitalization-weighted index of the 2,000 smallest companies in
the Russell Universe, which comprises the 3,000 largest U.S.
companies. The indexes are calculated on a total return basis with
dividends reinvested. The indexes are unmanaged, their returns do
not reflect any fees, expenses, or sales charges, and they are not
available for direct investment.
Please consider the investment objectives, risks, charges,
and expenses of the fund carefully before investing. The prospectus
contains this and other information about the fund. Contact us at
1-800-243-4361 or visit virtus.com for a copy of the fund's
prospectus. Read the prospectus carefully before you invest or send
money.
Mutual funds distributed by VP Distributors, LLC, member
FINRA and subsidiary of Virtus Investment Partners, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20241016681465/en/
Media Relations Ryan Graham (862) 777-4274
rgraham@jconnelly.com
Josh Silvia (860) 503-1327 josh.silvia@virtus.com
Virtus Investment Partners (NYSE:VRTS)
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