Virtus KAR Small-Cap Core Fund 

The fund's primary objective is to achieve substantial long-term capital growth, with any income from dividends being a secondary consideration. Typically, it commits at least 80% of its assets to common equities of small-capitalization companies. It aims for long-term appreciation within the small-cap market while endeavoring to manage risk at a level lower than the overall small-cap market. The subadviser strategically invests in a select portfolio of small-market-cap firms identified as possessing sustainable competitive advantages and available at appealing valuations.