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Stock impact report

Virtus KAR Small-Cap Growth Fund Q3 2025 Commentary [Seeking Alpha]

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
Small-cap performance was supported by growing expectations that the Federal Reserve would cut short-term interest rates, alongside optimism that tariffs might prove less detrimental to smaller companies. The Virtus KAR Small-Cap Growth Fund returned -9.56% (Class I) in the quarter, underperforming the Russell 2000® Growth Index, which returned 12.19%. Stock selection and an overweight position in financials detracted from performance, as did stock selection in information technology. Its shares have contracted recently due to concerns over slowing enterprise software spending amid macroeconomic uncertainty and the broader impact of generative AI. KanawatTH/iStock via Getty Images Market Summary Technology stocks—and artificial intelligence ( AI )-related stocks in particular—continued to dominate headlines throughout the third quarter, providing a strong tailwind for the large-cap growth segment, which advanced 10.51%, as measured by the Russell 1000® Growth Index. Midwa Show less Read more
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