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Mid-Cap Portfolio 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.

Management Approach: Team
Benchmark: Russell Midcap® Value Index
Assets Under Management: $4.0B, as of 06/30/2019
Strategy Inception: 2002

Quarterly Commentary and Fact Sheet

Subadvised Mutual Fund: Virtus Ceredex Mid-Cap Value Equity

Available as a collective investment trust.

Typical Portfolio Attributes
Market Cap Range80% of holdings with Market Caps represented by Russell Midcap® Index
Number of Holdings50 - 70
Position Sizes1 - 5%
Maximum Sector Weightings Relative to the BenchmarkNo Formal Restrictions
Portfolio Turnover Range 125 - 175%
Cash Levels< 5%
Portfolio ManagerDon Wordell

Data subject to change.

Notes:

Russell Midcap® Value Index is an unmanaged index which measures the performance of those securities found in the Russell Midcap universe with lower price-to-book ratios and lower forecasted growth values. The stocks are also members of the Russell 1000® Value Index. 

Investors cannot invest directly in an index.

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.

See glossary for investment terms.

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