Virtus Ceredex Mid-Cap Value Equity Fund
Name
As of 09/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.3%
1 yr return
20.4%
3 Yr Avg Return
5.1%
5 Yr Avg Return
7.7%
Net Assets
$2.16 B
Holdings in Top 10
23.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.30%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 157.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SAMVX - Profile
Distributions
- YTD Total Return 11.3%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.05%
- Dividend Yield 0.1%
- Dividend Distribution Frequency SemiAnnual
Fund Details
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Legal NameVirtus Ceredex Mid-Cap Value Equity Fund
-
Fund Family NameVirtus Funds
-
Inception DateAug 01, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDon Wordell
Fund Description
Under normal circumstances, the fund invests at least 80% of its net assets in U.S.-traded equity securities of mid-capitalization companies. U.S.-traded equity securities may include American Depositary Receipts (“ADRs”). As of the date of this prospectus, the fund’s subadviser considers mid-capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations generally within the range of companies included in the Russell Midcap® Index. As of December 31, 2023, the market capitalization range of the companies in the Russell Midcap® Index was $270 million to $73 billion. As a result of its investment strategy, the fund’s portfolio turnover rate may be 100% or more and the fund may focus its investments in one or more sectors.
In selecting investments for purchase and sale, the subadviser chooses companies that it believes are undervalued in the market relative to the industry sector and the company’s own valuation history. The subadviser evaluates potential catalysts that may cause an upward re-rating of the stock’s valuation. The common stocks purchased for the fund generally pay dividends at the time of purchase or are expected to pay dividends soon after their purchase.
SAMVX - Performance
Return Ranking - Trailing
Period | SAMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.3% | 1.8% | 23.4% | 74.93% |
1 Yr | 20.4% | 5.8% | 42.1% | 77.66% |
3 Yr | 5.1%* | -2.5% | 15.7% | 91.16% |
5 Yr | 7.7%* | 0.5% | 17.2% | 90.91% |
10 Yr | N/A* | 1.1% | 11.7% | 63.55% |
* Annualized
Return Ranking - Calendar
Period | SAMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.5% | -11.3% | 33.3% | 39.34% |
2022 | -20.0% | -41.6% | 2.3% | 85.36% |
2021 | 8.1% | -41.5% | 44.9% | 86.15% |
2020 | -4.3% | -29.0% | 22.1% | 82.25% |
2019 | 25.5% | -8.1% | 31.2% | 33.43% |
Total Return Ranking - Trailing
Period | SAMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.3% | 1.8% | 23.4% | 74.93% |
1 Yr | 20.4% | 5.8% | 42.1% | 77.66% |
3 Yr | 5.1%* | -2.5% | 15.7% | 91.16% |
5 Yr | 7.7%* | 0.5% | 17.2% | 90.91% |
10 Yr | N/A* | 1.1% | 11.7% | 73.19% |
* Annualized
Total Return Ranking - Calendar
Period | SAMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.5% | -3.7% | 36.5% | 71.58% |
2022 | -14.2% | -35.0% | 2.4% | 94.20% |
2021 | 28.7% | 6.2% | 48.3% | 50.69% |
2020 | -1.5% | -22.9% | 23.2% | 80.56% |
2019 | 32.6% | -3.0% | 35.7% | 4.36% |
NAV & Total Return History
SAMVX - Holdings
Concentration Analysis
SAMVX | Category Low | Category High | SAMVX % Rank | |
---|---|---|---|---|
Net Assets | 2.16 B | 991 K | 28 B | 27.52% |
Number of Holdings | 58 | 8 | 2423 | 77.93% |
Net Assets in Top 10 | 481 M | 221 K | 5.55 B | 26.43% |
Weighting of Top 10 | 23.95% | 5.1% | 100.3% | 38.42% |
Top 10 Holdings
- Marvell Technology Inc 3.18%
- First Citizens BancShares Inc/NC 3.01%
- Revvity Inc 2.71%
- Equifax Inc 2.41%
- Target Corp 2.21%
- Jabil Inc 2.14%
- KeyCorp 2.12%
- Allstate Corp/The 2.06%
- Microchip Technology Inc 2.05%
- Humana Inc 2.04%
Asset Allocation
Weighting | Return Low | Return High | SAMVX % Rank | |
---|---|---|---|---|
Stocks | 96.31% | 56.67% | 102.66% | 86.38% |
Cash | 3.69% | 0.00% | 38.75% | 19.62% |
Preferred Stocks | 0.00% | 0.00% | 1.68% | 45.23% |
Other | 0.00% | -0.10% | 7.30% | 56.95% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 39.73% |
Bonds | 0.00% | 0.00% | 25.59% | 41.14% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SAMVX % Rank | |
---|---|---|---|---|
Healthcare | 19.27% | 0.00% | 32.47% | 3.01% |
Industrials | 17.78% | 0.00% | 29.02% | 28.49% |
Financial Services | 13.22% | 0.00% | 60.11% | 88.49% |
Technology | 12.69% | 0.00% | 30.07% | 14.52% |
Real Estate | 11.55% | 0.00% | 40.74% | 12.05% |
Basic Materials | 9.71% | 0.00% | 23.88% | 6.85% |
Utilities | 9.54% | 0.00% | 24.69% | 13.42% |
Consumer Cyclical | 6.24% | 0.00% | 29.62% | 90.68% |
Energy | 0.00% | 0.00% | 29.17% | 96.44% |
Communication Services | 0.00% | 0.00% | 19.80% | 91.78% |
Consumer Defense | 0.00% | 0.00% | 33.79% | 98.90% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SAMVX % Rank | |
---|---|---|---|---|
US | 96.31% | 56.67% | 102.66% | 73.02% |
Non US | 0.00% | 0.00% | 34.31% | 53.95% |
SAMVX - Expenses
Operational Fees
SAMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.30% | 0.01% | 16.92% | 26.16% |
Management Fee | 0.70% | 0.00% | 1.20% | 47.68% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.13% |
Administrative Fee | 0.10% | 0.01% | 0.40% | 44.44% |
Sales Fees
SAMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.50% | 3.50% | 5.75% | 57.78% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SAMVX 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.
SAMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 157.00% | 0.00% | 227.00% | 97.91% |
SAMVX - Distributions
Dividend Yield Analysis
SAMVX | Category Low | Category High | SAMVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.09% | 0.00% | 22.79% | 75.14% |
Dividend Distribution Analysis
SAMVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
SAMVX | Category Low | Category High | SAMVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.05% | -1.84% | 4.73% | 90.66% |
Capital Gain Distribution Analysis
SAMVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.105 | OrdinaryDividend |
Dec 21, 2022 | $0.056 | OrdinaryDividend |
Jun 22, 2022 | $0.649 | OrdinaryDividend |
Dec 22, 2021 | $2.440 | OrdinaryDividend |
Dec 22, 2020 | $0.081 | OrdinaryDividend |
Jun 22, 2020 | $0.214 | OrdinaryDividend |
Dec 20, 2019 | $0.102 | OrdinaryDividend |
Dec 20, 2019 | $0.174 | CapitalGainShortTerm |
Dec 20, 2019 | $0.443 | CapitalGainLongTerm |
Dec 17, 2018 | $0.627 | CapitalGainShortTerm |
Dec 17, 2018 | $0.507 | CapitalGainLongTerm |
Dec 17, 2018 | $0.092 | OrdinaryDividend |
Jun 21, 2018 | $0.217 | CapitalGainLongTerm |
Dec 20, 2017 | $0.273 | CapitalGainShortTerm |
Dec 20, 2017 | $0.962 | CapitalGainLongTerm |
Dec 20, 2017 | $0.082 | OrdinaryDividend |
Sep 28, 2017 | $0.562 | CapitalGainShortTerm |
Sep 28, 2017 | $0.719 | CapitalGainLongTerm |
SAMVX - Fund Manager Analysis
Managers
Don Wordell
Start Date
Tenure
Tenure Rank
Nov 30, 2001
20.51
20.5%
Mr. Wordell currently serves as Managing Director of Ceredex Value Advisors LLC. He has been a Portfolio Manager at Ceredex since 2001 and has worked in investment management since 1996. Mr. Wordell began his investment career immediately following his completion of an M.B.A. From 1996 until 2001 he served Trusco Capital Management as an equity research analyst dedicated to value investing. In 2001 he was appointed portfolio manager of the firm's mid-cap value strategy and in 2003 he became sole manager of the strategy. He continues to manage the same strategy today, and his investment success has been integral to the development of Ceredex as an independent firm.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.2 | 10.92 |