Fund Evaluator:
Virtus SGA International Growth A (SCIIX)
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Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
Virtus SGA International Growth A Overview
Virtus SGA International Growth A (SCIIX) is an actively managed International Equity Foreign Large Growth fund. Virtus launched the fund in 1996.
The investment seeks to provide long-term capital appreciation. The fund invests at least 80% of its assets in equity securities of issuers organized, headquartered or doing a substantial amount of business outside the U.S. It will allocate its assets among various regions and countries, including emerging markets. 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 or regions. Although it seeks investments across a number of sectors, from time to time, the fund may have significant positions in particular sectors.
About Virtus SGA International Growth A (SCIIX)
There are 3 members of the management team with an average tenure of 6.14 years: Alexandra Lee (2019), Kishore Rao (2022), Tucker Brown (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Virtus SGA International Growth A has 37 securities in its portfolio. The top 10 holdings constitute 46.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Virtus SGA International Growth A is part of the Equity global asset class and is within the International Equity fund group. Virtus SGA International Growth A has 79.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 19.5%. There is 79.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Virtus SGA International Growth A has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $89 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SCIIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus SGA International Growth A expense ratio is high compared to funds in the Foreign Large Growth category. Virtus SGA International Growth A has an expense ratio of 1.30%, which is 26% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus SGA International Growth A has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, Virtus SGA International Growth A returned 2.5%, which earned it a grade of A, as the Foreign Large Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Virtus SGA International Growth A has a trailing yield of 0.33%, which is below the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus SGA International Growth A Grades
Year to date, the fund has returned -1.6%, 8.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 0.3% over the past year (grade of F), 0.1% over the past three years (grade of F) and -0.9% per year over the past five years (grade of F) and 6.2% per year over the past 10 years (grade of F).
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SCIIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SCIIX Return (NAV) | 2.5% | 3.9% | 0.3% | 0.1% | -0.9% | 6.2% |
| SCIIX Grade | A | B | F | F | F | F |
| +/- Category | 5.1% | 1.3% | -12.8% | -10.6% | -4.1% | -1.9% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| SCIIX Tax Cost Ratio | na | na | 0.1% | 2.2% | 2.0% | 2.3% |
SCIIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SCIIX Return (NAV) | -1.6% | 9.4% | -7.2% | 17.0% | -18.4% | 8.4% | 22.7% | 28.4% | -7.9% | 31.3% | -0.2% |
| SCIIX Grade | F | F | F | C | A | C | C | C | A | C | B |
| +/- Category | -8.2% | -10.6% | -12.5% | 0.4% | 6.7% | 0.3% | -2.7% | -0.8% | 5.7% | -0.8% | 1.4% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 13.2% |
| Total Risk Index: | 1.08 - Above Average |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.79 |
| R-Squared: | 68% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $231 Mil |
| Fund Total Assets: | $ 90 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.2 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Lee Alexandra (2019), Brown Tucker (2019), Rao Kishore (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 46.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 79.1% |
Portfolio Allocation |
|
| Domestic Stock: | 19.5% |
| Foreign Stock: | 79.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | Virtus |
| Phone Number: | 800-243-1574 |
| Website: | www.virtus.com |
| Status: | Open |
| Inception Date: | January 2, 1996 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 100 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.30% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Virtus SGA International Growth I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
