Virtus KAR Equity Income Fund (PDIAX)
The investment seeks capital appreciation and current income. The fund invests in a diversified portfolio of primarily high-quality, dividend-paying U.S. companies. The investment strategy emphasizes companies the subadviser believes to have a durable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. The fund typically invests in the securities of medium to large capitalization companies, but it is not limited to investing in the securities of companies of any particular size. Under normal circumstances, the fund invests at least 80% of its assets in dividend paying equity securities.
Fund Info
| ISIN | US92828N8746 |
|---|---|
| CUSIP | 92828N874 |
| Issuer | Virtus |
| Inception Date | Sep 25, 1997 |
| Category | Large Cap Blend Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PDIAX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PDIAX vs. SEBLX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus KAR Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus KAR Equity Income Fund had a return of 13.83% year-to-date (YTD) and 23.19% in the last 12 months. Over the past 10 years, Virtus KAR Equity Income Fund had an annualized return of 1.47%, while the S&P 500 had an annualized return of 11.43%, indicating that Virtus KAR Equity Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.83% | 25.82% |
| 1 month | 0.18% | 3.20% |
| 6 months | 9.14% | 14.94% |
| 1 year | 23.19% | 35.92% |
| 5 years (annualized) | 2.13% | 14.22% |
| 10 years (annualized) | 1.47% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PDIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.42% | 0.37% | 4.05% | -4.00% | 2.65% | -0.76% | 5.77% | 2.46% | 2.17% | -2.26% | 13.83% | ||
| 2023 | 0.93% | -2.35% | 0.21% | 0.84% | -5.90% | 4.29% | 2.27% | -2.53% | -4.02% | -1.65% | 5.16% | 4.53% | 1.08% |
| 2022 | -1.52% | -1.06% | 2.38% | -2.76% | 3.23% | -4.45% | 2.38% | -3.53% | -8.43% | 7.23% | 7.15% | -5.30% | -5.84% |
| 2021 | -1.81% | 1.68% | 7.25% | 3.53% | 2.06% | -2.07% | 0.58% | 1.53% | -3.76% | 2.69% | -2.33% | 4.91% | 14.57% |
| 2020 | -0.27% | -9.75% | -12.61% | 12.48% | 4.63% | 1.85% | 5.54% | 7.10% | -2.70% | -1.65% | 10.46% | -24.08% | -14.47% |
| 2019 | 7.77% | 3.02% | 1.96% | 4.14% | -7.37% | 5.86% | 1.73% | -1.60% | 1.83% | 2.09% | 3.42% | 2.98% | 28.11% |
| 2018 | 2.46% | -7.21% | -3.21% | 0.70% | 2.61% | 0.62% | 3.92% | 3.42% | 0.91% | -8.84% | 2.34% | -9.80% | -12.69% |
| 2017 | 1.81% | 2.70% | 0.40% | 1.38% | 1.75% | -7.68% | 2.23% | 0.66% | 2.27% | 2.57% | 2.02% | -4.05% | 5.64% |
| 2016 | -5.70% | 0.71% | 6.77% | 0.66% | 1.21% | -0.70% | 1.65% | -0.70% | 0.49% | -1.41% | 7.59% | -1.03% | 9.21% |
| 2015 | -1.48% | 3.74% | -1.78% | 1.67% | 0.19% | -17.04% | 3.41% | -6.54% | -0.71% | 7.34% | 0.66% | -1.97% | -13.78% |
| 2014 | -2.83% | 4.32% | 2.00% | -0.64% | 2.02% | -5.60% | -2.20% | 4.74% | -2.80% | 1.63% | 2.93% | -4.13% | -1.21% |
| 2013 | 5.26% | 0.74% | 3.01% | 0.10% | 3.33% | -2.07% | 6.10% | -3.35% | 3.86% | 4.06% | 3.39% | -5.81% | 19.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PDIAX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus KAR Equity Income Fund (PDIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus KAR Equity Income Fund provided a 2.38% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.47 | $0.44 | $0.27 | $0.21 | $0.21 | $0.12 | $0.22 | $0.15 | $0.08 | $0.10 |
Dividend yield | 2.38% | 2.71% | 2.41% | 2.07% | 1.46% | 0.95% | 1.21% | 0.57% | 1.11% | 0.81% | 0.38% | 0.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus KAR Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.12 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.22 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2013 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus KAR Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus KAR Equity Income Fund was 53.27%, occurring on Mar 9, 2009. Recovery took 967 trading sessions.
The current Virtus KAR Equity Income Fund drawdown is 8.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.27% | Oct 10, 2007 | 354 | Mar 9, 2009 | 967 | Jan 10, 2013 | 1321 |
| -46.15% | Sep 5, 2000 | 523 | Oct 9, 2002 | 1002 | Oct 4, 2006 | 1525 |
| -35.26% | Feb 20, 2020 | 23 | Mar 23, 2020 | 109 | Aug 26, 2020 | 132 |
| -29.31% | Jun 20, 2014 | 298 | Aug 25, 2015 | 1083 | Dec 12, 2019 | 1381 |
| -27.85% | Dec 10, 2020 | 725 | Oct 27, 2023 | — | — | — |
Volatility
Volatility Chart
The current Virtus KAR Equity Income Fund volatility is 3.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.