Mid-Cap Value Equity
Fund Resources
- Fact Sheet (PDF | 204 KB)
- Commentary (PDF | 154 KB)
- Strategy Highlight (PDF | 180 KB)
- Prospectus - A, C & I Shares(PDF | 829 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 953 KB)
- SAI (PDF | 2 MB)
| Class | CUSIP | Ticker |
|---|---|---|
| A | 76628R599 | SAMVX |
| C | 76628R581 | SMVFX |
| I | 76628R615 | SMVTX |
Subadvisor
Objective of the strategy
The strategy seeks to provide long-term capital appreciation and income by investing primarily in U.S. companies with market capitalizations similar to companies in the Russell Midcap Index, and which managers believe are undervalued in the market place at the time of purchase.
What are the principles that have enabled the strategy to be successful?
Dividend orientation — dividends are a good indicator of management’s confidence in the earnings potential of the company. Dividends also provide an important source of total return and lower volatility. Ceredex only invests in companies that pay a dividend.
Valuation approach — analyze valuation relative to peers, the industry, the market, and the company’s own historical valuation. Key in on those companies that are in the bottom third of their own historical valuation and have attractive value relative to peers, the industry, and the market.
Positive catalysts — look for catalysts that have the potential to drive meaningful price appreciation over a 12- to 24-month time frame. Positive catalysts could include management changes, restructuring, or new product introductions.
Investment Risks
This Fund carries moderately high reward potential and, correspondingly, has greater risk tied to it than more conservative investments.
Value-based investments are subject to the risk that the broad market may not recognize their intrinsic values. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.