Virtus Ceredex Small-Cap Value Equity Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
8.7%
3 Yr Avg Return
2.3%
5 Yr Avg Return
5.3%
Net Assets
$99.4 M
Holdings in Top 10
19.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.49%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 69.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SASVX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 5.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.39%
- Dividend Yield 7.8%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus Ceredex Small-Cap Value Equity Fund
-
Fund Family NameVirtus Funds
-
Inception DateFeb 26, 2019
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrett Barner
Fund Description
Undernormalcircumstances,thefundinvestsatleast80%ofitsnetassetsinU.S.-tradedequitysecuritiesof small-capitalizationcompanies.U.S.-tradedequitysecuritiesmayincludeAmericanDepositaryReceipts(“ADRs”).Asofthedateofthisprospectus,thefund’ssubadviserconsiderssmall-capitalizationcompaniesforthispurposetobethosecompanies that, atthetimeofinitialpurchase,havemarketcapitalizations generallywithintherangeofcompaniesincludedintheRussell2000® Indexonarollingthree-yearbasis.Onthisbasis,asofDecember 31, 2022,thetotalmarketcapitalizationrangeofcompaniesincludedintheRussell2000® Indexoverthepastthreeyearswas $5.85millionto$25.52billion.Asa resultofitsinvestment strategy, the fundmayfocusits investmentsinoneormoresectors.
Inselectinginvestmentsforpurchaseandsale,thesubadviserchoosescompaniesthatitbelievesareundervaluedinthemarketrelativetotheindustrysectorandthecompany’sownvaluationhistory.Thesubadviserevaluatespotentialcatalyststhatmaycauseanupwardre-ratingofthestock’svaluation.Thecommonstockspurchasedforthefundgenerallypaydividendsatthetimeofpurchaseorareexpectedtopaydividendssoonaftertheirpurchase.
SASVX - Performance
Return Ranking - Trailing
| Period | SASVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -11.5% | 15.0% | 46.39% |
| 1 Yr | 8.7% | -15.9% | 43.0% | 70.94% |
| 3 Yr | 2.3%* | -10.6% | 37.4% | 15.65% |
| 5 Yr | 5.3%* | -14.4% | 30.0% | 79.53% |
| 10 Yr | N/A* | -3.0% | 16.4% | 88.11% |
* Annualized
Return Ranking - Calendar
| Period | SASVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.0% | -49.6% | 29.0% | 95.86% |
| 2022 | -27.6% | -59.3% | 118.2% | 87.55% |
| 2021 | 6.1% | -31.6% | 39.3% | 63.49% |
| 2020 | -0.7% | -51.0% | 39.5% | 91.90% |
| 2019 | 11.0% | -16.9% | 37.8% | 91.75% |
Total Return Ranking - Trailing
| Period | SASVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -11.5% | 15.0% | 46.39% |
| 1 Yr | 8.7% | -15.9% | 43.0% | 70.94% |
| 3 Yr | 2.3%* | -10.6% | 37.4% | 15.65% |
| 5 Yr | 5.3%* | -14.4% | 30.0% | 79.53% |
| 10 Yr | N/A* | -3.0% | 16.4% | 92.40% |
* Annualized
Total Return Ranking - Calendar
| Period | SASVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.0% | -21.7% | 31.8% | 71.76% |
| 2022 | -10.3% | -45.2% | 123.7% | 11.55% |
| 2021 | 26.9% | 0.0% | 47.7% | 23.30% |
| 2020 | 0.6% | -50.5% | 46.9% | 95.29% |
| 2019 | 17.2% | -12.6% | 43.7% | 95.09% |
NAV & Total Return History
SASVX - Holdings
Concentration Analysis
| SASVX | Category Low | Category High | SASVX % Rank | |
|---|---|---|---|---|
| Net Assets | 99.4 M | 529 K | 145 B | 80.32% |
| Number of Holdings | 70 | 2 | 2519 | 82.60% |
| Net Assets in Top 10 | 19.2 M | 104 K | 9.83 B | 76.45% |
| Weighting of Top 10 | 19.17% | -2849.0% | 100.5% | 38.45% |
Top 10 Holdings
- Ashland Inc 2.23%
- Bank of Hawaii Corp 2.01%
- KBR Inc 1.99%
- Schneider National Inc 1.93%
- RB Global Inc 1.89%
- Pinnacle Financial Partners Inc 1.85%
- IDACORP Inc 1.85%
- OGE Energy Corp 1.83%
- Louisiana-Pacific Corp 1.80%
- Atlantic Union Bankshares Corp 1.80%
Asset Allocation
| Weighting | Return Low | Return High | SASVX % Rank | |
|---|---|---|---|---|
| Stocks | 96.26% | -565235.00% | 108.16% | 82.78% |
| Cash | 3.74% | 0.00% | 565934.00% | 25.13% |
| Preferred Stocks | 0.00% | 0.00% | 7.53% | 40.42% |
| Other | 0.00% | -598.74% | 39.24% | 60.81% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 39.08% |
| Bonds | 0.00% | -2.00% | 74.53% | 42.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SASVX % Rank | |
|---|---|---|---|---|
| Industrials | 27.89% | 2.46% | 37.42% | 6.04% |
| Financial Services | 22.42% | 0.00% | 35.52% | 7.28% |
| Consumer Cyclical | 11.28% | 0.99% | 47.79% | 53.82% |
| Technology | 11.12% | 0.00% | 54.70% | 84.01% |
| Real Estate | 5.32% | 0.00% | 29.43% | 70.87% |
| Energy | 5.28% | 0.00% | 37.72% | 66.07% |
| Healthcare | 4.75% | 0.00% | 26.53% | 95.03% |
| Basic Materials | 4.61% | 0.00% | 18.66% | 51.87% |
| Utilities | 3.13% | 0.00% | 18.58% | 28.42% |
| Consumer Defense | 2.72% | 0.00% | 18.87% | 78.69% |
| Communication Services | 1.49% | 0.00% | 14.85% | 79.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SASVX % Rank | |
|---|---|---|---|---|
| US | 96.26% | -565235.00% | 108.16% | 78.56% |
| Non US | 0.00% | 0.00% | 94.14% | 51.67% |
SASVX - Expenses
Operational Fees
| SASVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.49% | 0.01% | 38.45% | 21.55% |
| Management Fee | 0.85% | 0.00% | 1.50% | 74.78% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 41.83% |
| Administrative Fee | 0.10% | 0.01% | 0.45% | 45.60% |
Sales Fees
| SASVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.50% | 5.75% | 53.62% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SASVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SASVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 69.00% | 1.00% | 314.00% | 73.87% |
SASVX - Distributions
Dividend Yield Analysis
| SASVX | Category Low | Category High | SASVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.77% | 0.00% | 44.03% | 2.81% |
Dividend Distribution Analysis
| SASVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| SASVX | Category Low | Category High | SASVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.39% | -2.40% | 2.49% | 33.21% |
Capital Gain Distribution Analysis
| SASVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.935 | OrdinaryDividend |
| Dec 21, 2022 | $1.340 | OrdinaryDividend |
| Jun 22, 2021 | $0.034 | OrdinaryDividend |
| Dec 22, 2020 | $0.029 | OrdinaryDividend |
| Dec 17, 2018 | $0.147 | OrdinaryDividend |
| Dec 20, 2017 | $0.156 | OrdinaryDividend |
SASVX - Fund Manager Analysis
Managers
Brett Barner
Start Date
Tenure
Tenure Rank
Jan 31, 1997
25.35
25.4%
Mr. Barner, a Chartered Financial Analyst and Managing Director of Ceredex Value Advisors, began his investment career in 1985. He worked as an investment consultant, first for Shearson Lehman Brothers (1985-1989) and subsequently at Drexel Burnham Lambert (1989-1990). In 1990 he joined Trusco Capital Management, Ceredex’s predecessor firm, and continued his work there for the next 18 years. At Trusco, he began in various client service and analytical roles. In 1995, he was appointed Portfolio Manager of the firm's small cap value strategy. He has served as the strategy's sole portfolio since that time and has helped lead the development of Ceredex as an independent firm.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.05 | 2.58 |