Virtus KAR Small-Cap Core Fund

Typically, this fund allocates a minimum of 80% of its holdings to equity securities issued by companies with small market capitalizations. Its primary objective is to achieve substantial capital growth over the long term within the small-cap sector, aiming to do so with comparatively lower risk than the broader small-cap market. The fund's strategy involves acquiring shares in a carefully chosen collection of small-cap enterprises, identified by the subadviser as having enduring competitive edges and purchased when their valuations appear compelling.