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Trending ETFs

Name

As of 03/25/2024

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

$12.62

$2.15 B

1.08%

$0.14

1.01%

Vitals

YTD Return

6.9%

1 yr return

23.5%

3 Yr Avg Return

5.5%

5 Yr Avg Return

8.9%

Net Assets

$2.15 B

Holdings in Top 10

24.4%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 157.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

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

$12.62

$2.15 B

1.08%

$0.14

1.01%

SMVTX - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.34%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Virtus Ceredex Mid-Cap Value Equity Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Aug 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Don 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, 2022, the market capitalization range of the companies in the Russell Midcap® Index was $306 million to $53 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.

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SMVTX - Performance

Return Ranking - Trailing

Period SMVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -8.8% 13.4% 33.16%
1 Yr 23.5% 0.9% 44.6% 44.39%
3 Yr 5.5%* -2.1% 16.8% 69.65%
5 Yr 8.9%* 0.4% 17.9% 70.06%
10 Yr N/A* -1.1% 12.4% 53.61%

* Annualized

Return Ranking - Calendar

Period SMVTX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -11.3% 33.3% 37.27%
2022 -19.8% -41.6% 2.3% 84.55%
2021 8.4% -41.5% 44.9% 84.78%
2020 -4.0% -29.0% 22.1% 80.66%
2019 25.8% -8.1% 31.2% 31.34%

Total Return Ranking - Trailing

Period SMVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -8.8% 13.4% 33.16%
1 Yr 23.5% 0.9% 44.6% 44.39%
3 Yr 5.5%* -2.1% 16.8% 69.65%
5 Yr 8.9%* 0.4% 17.9% 70.06%
10 Yr N/A* -1.1% 12.4% 50.60%

* Annualized

Total Return Ranking - Calendar

Period SMVTX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -3.7% 36.5% 65.95%
2022 -13.9% -35.0% 2.4% 94.04%
2021 29.0% 6.2% 48.3% 47.55%
2020 -1.2% -22.9% 23.2% 78.45%
2019 33.1% -3.0% 35.7% 3.99%

NAV & Total Return History


SMVTX - Holdings

Concentration Analysis

SMVTX Category Low Category High SMVTX % Rank
Net Assets 2.15 B 991 K 26.1 B 25.87%
Number of Holdings 61 8 2481 73.87%
Net Assets in Top 10 537 M 219 K 4.14 B 24.00%
Weighting of Top 10 24.42% 5.0% 104.2% 36.80%

Top 10 Holdings

  1. Humana Inc 3.12%
  2. Marvell Technology Inc 2.88%
  3. First Citizens BancShares Inc/NC 2.71%
  4. Ovintiv Inc 2.70%
  5. Chesapeake Energy Corp 2.54%
  6. Target Corp 2.36%
  7. Allstate Corp/The 2.13%
  8. Global Payments Inc 2.02%
  9. Dell Technologies Inc 2.00%
  10. PPL Corp 1.97%

Asset Allocation

Weighting Return Low Return High SMVTX % Rank
Stocks
96.81% 56.38% 104.81% 79.73%
Cash
3.19% 0.00% 43.98% 23.20%
Preferred Stocks
0.00% 0.00% 5.43% 66.93%
Other
0.00% -1.97% 8.33% 73.60%
Convertible Bonds
0.00% 0.00% 0.02% 65.95%
Bonds
0.00% 0.00% 27.69% 66.93%

Stock Sector Breakdown

Weighting Return Low Return High SMVTX % Rank
Healthcare
19.27% 0.00% 32.47% 3.49%
Industrials
17.78% 0.00% 29.02% 29.22%
Financial Services
13.22% 0.00% 60.11% 89.28%
Technology
12.69% 0.00% 30.07% 15.55%
Real Estate
11.55% 0.00% 40.74% 12.33%
Basic Materials
9.71% 0.00% 23.88% 7.24%
Utilities
9.54% 0.00% 24.69% 13.67%
Consumer Cyclical
6.24% 0.00% 29.62% 91.42%
Energy
0.00% 0.00% 29.17% 98.12%
Communication Services
0.00% 0.00% 19.80% 95.44%
Consumer Defense
0.00% 0.00% 33.79% 99.46%

Stock Geographic Breakdown

Weighting Return Low Return High SMVTX % Rank
US
96.81% 56.38% 104.81% 66.13%
Non US
0.00% 0.00% 33.98% 74.93%

SMVTX - Expenses

Operational Fees

SMVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.01% 16.92% 49.07%
Management Fee 0.69% 0.00% 1.20% 44.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.40% 48.04%

Sales Fees

SMVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SMVTX 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.

SMVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 157.00% 0.00% 227.00% 98.53%

SMVTX - Distributions

Dividend Yield Analysis

SMVTX Category Low Category High SMVTX % Rank
Dividend Yield 1.08% 0.00% 22.89% 66.04%

Dividend Distribution Analysis

SMVTX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual SemiAnnual Annual

Net Income Ratio Analysis

SMVTX Category Low Category High SMVTX % Rank
Net Income Ratio 0.34% -1.84% 4.73% 77.42%

Capital Gain Distribution Analysis

SMVTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SMVTX - 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 8.28 10.92