Finding Value in Mid-Caps
Seeks to benefit from misunderstood, undervalued, or under-researched stocks
Why Mid-Cap Value?
Seeks value in opportunities that fall between volatile small caps and ubiquitous large caps
Sub-advised by Wellington
Wellington prioritizes independent thought and collaboration across all major asset classes
Objective: Seeks long-term capital appreciation.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception.
Fund Inception: 04/30/2001
Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects Class I-shares performance and operating expenses, and, prior to 5/28/10 the performance and operating expenses of Class A-shares (excluding sales charges). Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 4/30/01.
Characteristics
# of Holdings | 82 |
---|---|
% in Equities | 99 |
% in Foreign Equities | 2 |
Beta (3 year) | 1.00 |
R Squared (3 year) | 0.98 |
Standard Deviation | 20.13% |
Turnover | 153% |
Active Share | 91% |
FUND | Russell Midcap Value Index | |
---|---|---|
Price/Earnings | 13.9x | 15.6x |
Price/Book | 2.1x | 2.5x |
EPS Growth Rate | 14.3% | 10.5% |
Asset Weighted Market Cap (billions) | $20.7 | $26.4 |
Return on Equity | 12.7% | 15.3% |
Median Market Cap (billions) | $14.5 | $11.0 |
Willis Towers Watson PLC | 2.45 |
WEC Energy Group, Inc. | 2.26 |
M&T Bank Corp. | 2.09 |
PPL Corp. | 2.03 |
Atmos Energy Corp. | 1.92 |
Camden Property Trust | 1.92 |
U.S. Foods Holding Corp. | 1.90 |
Dover Corp. | 1.88 |
Nasdaq, Inc. | 1.85 |
Everest Group Ltd. | 1.82 |
Total Portfolio % | 20.12 |
Less than $2 billion | 2 | |
$2 billion - $5 billion | 9 | |
$5 billion - $10 billion | 21 | |
Greater than $10 billion | 67 | |
Not Classified | 2 |
Alpha (5 Year)
|
0.27 |
Down Capture (5 Year)
|
96.68 |
Information Ratio (5 Year)
|
0.04 |
Sharpe Ratio (5 Year)
|
0.50 |
Up Capture (5 Year)
|
97.97 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
12/31/24 | 2/28/25 | 2/28/25 | -6 0 6 | ||||
Financials | 21 | 24 | 18 | ||||
Utilities | 9 | 10 | 7 | ||||
Industrials | 17 | 18 | 17 | ||||
Health Care | 12 | 9 | 8 | ||||
Energy | 5 | 6 | 6 | ||||
Real Estate | 8 | 9 | 10 | ||||
Consumer Discretionary | 10 | 8 | 9 | ||||
Communication Services | 3 | 1 | 3 | ||||
Consumer Staples | 3 | 3 | 6 | ||||
Information Technology | 7 | 5 | 9 | ||||
Materials | 5 | 3 | 7 |
Insights
Fund Literature