VNLRX — Virtus SGA New Leaders Growth Fund
Data updated: 2024-02-29
VNLRX — Virtus SGA New Leaders Growth Fund. Global (incl. US) Mid Cap Growth Equity · $7.17M AUM. Holdings, fees, performance and SEC filings.
VNLRX Fund Overview
VNLRX — Virtus SGA New Leaders Growth Fund is a US mutual fund managed by Virtus Equity Trust, categorised as Global (incl. US) Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Virtus Equity Trust
- Category: Global (incl. US) Mid Cap Growth Equity
- Assets under management: $7.17M
- 1-year return: 21.3%
- Ticker: VNLRX
- SEC CIK: 0000034273
- SEC series ID: S000070005
- Share class ID: C000222901
VNLRX Investment Objective and Strategy
Virtus SGA New Leaders Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Virtus Equity Trust.
Investment objective
The fund has an investment objective of long-term capital appreciation.
Principal investment strategy
The funds subadviser, Sustainable Growth Advisers, LP (SGA), uses an investment process to identify companies that it believes have a high degree of predictability, strong profitability and above average earnings and cash flow growth. From such companies, SGA identifies new leaders which are companies early in their life cycle, with a focus on companies that demonstrate high quality balance sheets and sustainable revenue and earnings which the subadviser believes is an indicator of a companys positive growth trajectory. The funds assets are expected to be primarily invested in such companies. The fund will invest in securities of issuers located throughout the world, including the United States (U.S.). Under normal circumstances, the fund will invest primarily in equity securities, with at least 35% of the funds net assets in issuers organized, headquartered or doing a substantial amount of business outside the U.S.
As of the date of this prospectus, the funds subadviser, Sustainable Growth Advisers, LP (SGA), considers an issuer that has at least 50% of its assets or derives at least 50% of its revenue from business outside the U.S. as doing a substantial amount of business outside the U.S. The fund may invest up to 40% of its net assets in the securities of companies located in countries included in the MSCI Emerging Markets Index. SGA selects investments for the funds portfolio that it believes have superior long-term earnings prospects and attractive valuation. To the extent consistent with the funds investment objective and strategies, the subadviser will consider as an element of its investment research and decision making processes for the fund any environmental, social and/or governance (ESG) factors that the subadviser believes may influence risks and opportunities of companies under consideration.
However, the pursuit of ESG-related goals is not the funds investment objective, nor one of its investment strategies. Therefore, ESG factors by themselves are not expected to determine investment decisions for the fund. The funds equity investments may include common stocks, preferred stocks, securities convertible into or exchangeable for common stocks, and depositary receipts. The fund may invest in companies of all market capitalizations, however, it will generally invest at least 80% of its assets in companies that at the time of initial investment or within the last 12 months had market capitalizations that do not exceed the largest capitalization constituent of the funds Primary Benchmark at the time of initial purchase or within the last 12 months. As of September 30, 2022, the market capitalization of the largest constituent of the funds Primary Benchmark was $45.1 billion.
The funds Primary Benchmark is the MSCI All Country World Index (ACWI) Mid-Cap Index Net Total Return. The fund will allocate its assets among various regions and countries (but no fewer than three non-U.S. countries). From time to time, the fund may have a significant portion of its assets invested in the securities of companies in only a few countries and one or a few regions. Although the fund seeks investments across a number of sectors, from time to time, the fund may have significant positions in particular sectors. The fund is non-diversified under federal securities laws. SGA may trade foreign currency forward contracts or currency futures in an attempt to reduce the funds risk exposure to adverse fluctuations in currency exchange rates. SGA will sell a portfolio holding when it believes the securitys fundamentals deteriorate, its valuation is no longer attractive, or a better investment opportunity arises.
VNLRX Holdings
Top 10 holdings of Virtus SGA New Leaders Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| XP Inc | 5.17% |
| FleetCor Technologies Inc | 4.85% |
| Workday Inc | 4.41% |
| MSCI Inc | 4.36% |
| Autodesk Inc | 4.31% |
| Universal Music Group NV | 4.09% |
| Atlassian Corp | 3.91% |
| Fomento Economico Mexicano SAB | 3.91% |
| Alcon Inc | 3.42% |
| Ball Corp | 3.32% |
VNLRX Portfolio Allocation
Asset-class allocation of Virtus SGA New Leaders Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
VNLRX Performance
Total returns for VNLRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 21.3% |
| 3 years (annualised) | -7.9% |
VNLRX Risk Information
Risk metrics for VNLRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.1%
VNLRX Costs and Fees
VNLRX costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 2.23%
- Portfolio turnover: 30%
- Brokerage commissions: 3.98 bps of average net assets (SEC N-CEN)
VNLRX Cashflows
Over the 12 months to 2023-12, Virtus SGA New Leaders Growth Fund had net inflows of $1.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $99.99K |
| 2023-11 | $650.20K |
| 2023-10 | $364 |
| 2023-09 | $200 |
| 2023-08 | $541.14K |
| 2023-07 | $11.00K |
VNLRX Debt Constituents
No individual debt constituents are reported in Virtus SGA New Leaders Growth Fund's latest SEC N-PORT filing.
VNLRX Prospectus and SEC Filings
Official Virtus SGA New Leaders Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-24
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus supplement (497) — filed 2021-11-30
- Portfolio holdings (N-PORT) — filed 2024-02-29
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Annual census (N-CEN) — filed 2023-12-13
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Global (incl. US) Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.