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
Characteristics
# of Holdings | 83 |
---|---|
% in Equities | 98 |
% in Foreign Equities | 2 |
Beta (3 year) | 1.01 |
R Squared (3 year) | 0.97 |
Standard Deviation | 20.23% |
Turnover | 153% |
Active Share | 88% |
FUND | Russell Midcap Value Index | |
---|---|---|
Price/Earnings | 11.6x | 13.6x |
Price/Book | 2.0x | 2.3x |
EPS Growth Rate | 13.2% | 10.5% |
Asset Weighted Market Cap (billions) | $20.5 | $25.9 |
Return on Equity | 13.0% | 15.6% |
Median Market Cap (billions) | $13.9 | $10.0 |
M&T Bank Corp. | 2.03 |
Willis Towers Watson PLC | 1.97 |
U.S. Foods Holding Corp. | 1.93 |
Ross Stores, Inc. | 1.85 |
Dover Corp. | 1.82 |
Reliance, Inc. | 1.76 |
Westinghouse Air Brake Technologies Corp. | 1.75 |
WEC Energy Group, Inc. | 1.72 |
Cardinal Health, Inc. | 1.70 |
Ingersoll Rand, Inc. | 1.69 |
Total Portfolio % | 18.22 |
Less than $2 billion | 2 | |
$2 billion - $5 billion | 11 | |
$5 billion - $10 billion | 17 | |
Greater than $10 billion | 70 | |
Not Classified | 0 |
Alpha (5 Year)
|
-0.34 |
Down Capture (5 Year)
|
99.71 |
Information Ratio (5 Year)
|
-0.10 |
Sharpe Ratio (5 Year)
|
0.59 |
Up Capture (5 Year)
|
98.78 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
3/31/25 | 4/30/25 | 4/30/25 | -4 0 4 | ||||
Industrials | 17 | 20 | 17 | ||||
Financials | 20 | 20 | 18 | ||||
Health Care | 10 | 9 | 8 | ||||
Utilities | 10 | 9 | 8 | ||||
Consumer Discretionary | 8 | 9 | 9 | ||||
Energy | 7 | 6 | 6 | ||||
Real Estate | 11 | 9 | 10 | ||||
Materials | 4 | 6 | 7 | ||||
Consumer Staples | 6 | 5 | 6 | ||||
Communication Services | 1 | 2 | 4 | ||||
Information Technology | 4 | 5 | 9 |
Insights
Fund Literature