Investment objective & strategy
As of Oct. 22, 2025 · prospectusObjective. The fund seeks long-term capital appreciation.
Strategy. The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of medium-sized companies. The fund currently defines medium-sized companies as those having market capitalizations comparable to those companies included in the Russell Midcap Growth Index (between $833 million and $89 billion as of June 30, 2025). The fund normally invests primarily in equity securities of U.S. companies. The portfolio managers ordinarily look for companies with the following characteristics: higher than average growth and strong potential for capital appreciation; substantial capacity for growth in revenue through an expanding market or market share; a strong balance sheet; superior management; strong commitment to … The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of medium-sized companies. The fund currently defines medium-sized companies as those having market capitalizations comparable to those companies included in the Russell Midcap Growth Index (between $833 million and $89 billion as of June 30, 2025). The fund normally invests primarily in equity securities of U.S. companies. The portfolio managers ordinarily look for companies with the following characteristics: higher than average growth and strong potential for capital appreciation; substantial capacity for growth in revenue through an expanding market or market share; a strong balance sheet; superior management; strong commitment to research and product development; differentiated or superior products and services and a notable competitive advantage. In addition to common stocks and other equity securities (such as preferred stocks, convertible securities and warrants), the fund may invest in securities issued in initial public offerings (IPOs), real estate investment trusts (REITs) and in non-U.S. securities, including through American Depositary Receipts (ADRs).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VERTIV HOLDINGS CO | — | $19.32M | 4.60% |
| QUANTA SVCS INC | — | $15.23M | 3.63% |
| HOWMET AEROSPACE INC | — | $14.76M | 3.52% |
| MONOLITHIC POWER SYS INC | — | $14.33M | 3.41% |
| CLOUDFLARE INC-A | — | $12.98M | 3.09% |
| HILTON WORLDWIDE HOLDINGS INC | — | $12.71M | 3.03% |
| ROYAL CARIBBEAN CRUISES LTD | — | $11.84M | 2.82% |
| CENCORA INC | — | $10.11M | 2.41% |
| AXON ENTERPRISE INC | — | $8.64M | 2.06% |
| VISTRA CORP | — | $8.46M | 2.01% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| LVIP T. Rowe Price Structured Mid-Cap Growth Fund | 51% | 0.72% |
| Fidelity Mid Cap Growth Index Fund · FMDGX | 51% | 0.05% |
| T. Rowe Price Diversified Mid-Cap Growth Fund, Inc. · PRDMX, RPTTX | 51% | 0.67% |
Advisers
| Firm | Role |
|---|---|
| Virtus Investment Advisers, LLC | Adviser |
| Silvant Capital Management LLC | Sub-adviser |
Footnotes
- Expense ratio as of October 22, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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