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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.26

$757 M

2.60%

$0.29

1.26%

Vitals

YTD Return

4.7%

1 yr return

22.6%

3 Yr Avg Return

6.1%

5 Yr Avg Return

9.8%

Net Assets

$757 M

Holdings in Top 10

27.1%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.26%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 159.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.26

$757 M

2.60%

$0.29

1.26%

SVIIX - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Virtus Ceredex Large-Cap Value Equity Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Aug 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mills Riddick

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in U.S.-traded equity securities of large-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 large-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 1000® Value Index. As of December 31, 2022, the market capitalization range of the companies in the Russell 1000® Value Index was $306 million to $1.150 trillion. 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.

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SVIIX - Performance

Return Ranking - Trailing

Period SVIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -4.5% 22.2% 88.29%
1 Yr 22.6% -5.0% 42.6% 49.26%
3 Yr 6.1%* -2.6% 31.5% 82.58%
5 Yr 9.8%* -0.1% 44.3% 65.11%
10 Yr N/A* 1.3% 24.9% 71.40%

* Annualized

Return Ranking - Calendar

Period SVIIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -24.9% 46.1% 18.92%
2022 -23.3% -65.1% 4.6% 93.73%
2021 -5.6% -44.2% 57.5% 98.73%
2020 -3.0% -23.2% 285.0% 71.56%
2019 22.2% -21.4% 48.5% 29.21%

Total Return Ranking - Trailing

Period SVIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -4.5% 22.2% 88.29%
1 Yr 22.6% -5.0% 42.6% 49.26%
3 Yr 6.1%* -2.6% 31.5% 82.58%
5 Yr 9.8%* -0.1% 44.3% 65.11%
10 Yr N/A* 1.3% 24.9% 83.33%

* Annualized

Total Return Ranking - Calendar

Period SVIIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -15.9% 46.7% 23.61%
2022 -14.3% -42.0% 8.5% 96.38%
2021 27.8% 3.6% 129.7% 30.79%
2020 3.5% -22.6% 304.8% 45.07%
2019 30.6% -12.7% 52.1% 7.09%

NAV & Total Return History


SVIIX - Holdings

Concentration Analysis

SVIIX Category Low Category High SVIIX % Rank
Net Assets 757 M 93 163 B 50.56%
Number of Holdings 48 2 1689 80.96%
Net Assets in Top 10 198 M 420 K 33.9 B 53.34%
Weighting of Top 10 27.13% 5.6% 99.9% 52.84%

Top 10 Holdings

  1. Intel Corp 2.96%
  2. Marvell Technology Inc 2.91%
  3. Honeywell International Inc 2.83%
  4. QUALCOMM Inc 2.81%
  5. Chevron Corp 2.67%
  6. PPL Corp 2.63%
  7. Danaher Corp 2.62%
  8. US Bancorp 2.61%
  9. Revvity Inc 2.58%
  10. EOG Resources Inc 2.49%

Asset Allocation

Weighting Return Low Return High SVIIX % Rank
Stocks
96.99% 1.86% 108.42% 76.67%
Cash
3.01% -0.79% 38.18% 21.27%
Preferred Stocks
0.00% 0.00% 13.88% 42.80%
Other
0.00% -3.53% 39.72% 51.97%
Convertible Bonds
0.00% 0.00% 3.66% 40.41%
Bonds
0.00% -0.71% 73.23% 27.87%

Stock Sector Breakdown

Weighting Return Low Return High SVIIX % Rank
Industrials
22.58% 0.00% 42.76% 0.43%
Healthcare
16.85% 0.00% 30.08% 58.98%
Financial Services
14.61% 0.00% 58.05% 86.44%
Basic Materials
13.29% 0.00% 21.69% 0.52%
Technology
10.97% 0.00% 54.02% 46.37%
Real Estate
7.39% 0.00% 90.54% 5.27%
Consumer Cyclical
5.67% 0.00% 22.74% 50.95%
Communication Services
3.68% 0.00% 26.58% 77.81%
Consumer Defense
3.50% 0.00% 34.10% 91.88%
Utilities
1.45% 0.00% 27.04% 82.90%
Energy
0.00% 0.00% 54.00% 97.58%

Stock Geographic Breakdown

Weighting Return Low Return High SVIIX % Rank
US
96.99% 1.86% 108.42% 59.78%
Non US
0.00% 0.00% 27.89% 49.23%

SVIIX - Expenses

Operational Fees

SVIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.01% 17.54% 26.74%
Management Fee 0.68% 0.00% 1.50% 69.47%
12b-1 Fee 0.25% 0.00% 1.00% 31.03%
Administrative Fee 0.10% 0.00% 0.50% 47.34%

Sales Fees

SVIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 53.37%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SVIIX 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.

SVIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 159.00% 0.00% 488.00% 95.20%

SVIIX - Distributions

Dividend Yield Analysis

SVIIX Category Low Category High SVIIX % Rank
Dividend Yield 2.60% 0.00% 36.55% 73.57%

Dividend Distribution Analysis

SVIIX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Quarterly Semi-Annually

Net Income Ratio Analysis

SVIIX Category Low Category High SVIIX % Rank
Net Income Ratio 0.55% -1.51% 4.28% 87.09%

Capital Gain Distribution Analysis

SVIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SVIIX - Fund Manager Analysis

Managers

Mills Riddick


Start Date

Tenure

Tenure Rank

Dec 31, 1995

26.43

26.4%

Mills Riddick, CFA, Chief Investment Officer of Ceredex, manages the portion of the Large Cap Disciplined Equity Fund's assets allocated to Ceredex. He has worked in investment management since 1982. In 1989, Mr. Riddick joined Trusco Capital Management (Trusco) (now known as Virtus Fund Advisers, LLC), Ceredex's predecessor firm. After joining Trusco, he assumed a lead client service role and took on portfolio management responsibilities. Mr. Riddick started with the growth strategy and subsequently began working for the large cap value strategy that he manages today. In 1995, Mr. Riddick became the strategy's sole portfolio manager and was appointed head of the Value Equity team. Mr. Riddick held both of these positions without interruption from 1995 until 2008. During this time, Mr. Riddick played a lead role in crafting Trusco's equity investment philosophy and assembling its team of professionals who are dedicated to value equity. In recent years, Mr. Riddick led Ceredex's transition from an investment boutique integrated within Trusco to an independently managed firm. His efforts contributed to Ceredex's eventual incorporation and registration with the SEC. Ceredex began operating as an independent registered investment adviser on March 31, 2008.

Jennifer Graff


Start Date

Tenure

Tenure Rank

Nov 01, 2021

0.58

0.6%

Jennifer Graff is a director and senior research analyst with Ceredex Value Advisors. She is responsible for covering the industrials and materials sectors. Ms. Graff has been with Ceredex since 2001, initially starting with its predecessor firm, Trusco Capital Management. Ms. Graff earned a B.A. in psychology from the University of Central Florida. She is a Chartered Financial Analyst (CFA®) charterholder since 2003.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42