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 the portfolio manager believes are undervalued in the marketplace at the time of purchase
Portfolio Highlights
Portfolio Attributes
| Market Cap Range | Generally 80% within the range of the Russell Midcap® Index |
| Typical Number of Holdings | 40-60* |
| Typical Position Sizes | 1%-5% |
| Maximum Sector Weightings Relative to the Benchmark |
No formal restrictions |
| Typical Annual Portfolio Turnover Range |
125%-175% |
| Typical Cash Levels | < 5% |
*In 2020, Ceredex reduced the number of holdings from 50-70 to 40-60 companies to allow focus on the securities in which there is higher conviction, therefore, emphasizing the firm’s active management in mid-cap stocks.
Data subject to change.
Notes:
The Russell Midcap® Value Index is a market capitalization-weighted index of medium-capitalization, value-oriented stocks of U.S. companies. The index is calculated on a total return basis with dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct investment.
It should not be assumed that any of the securities transactions or holdings discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein.
Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell® Indexes. Russell® is a trademark of Frank Russell Company.