Virtus Ceredex Mid-Cap Value Equity I
SMVTX
NASDAQ14.35
USD
-0.22
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Virtus Ceredex Mid-Cap Value Equity I
SMVTX
(NASDAQ)
Recent
price
14.35
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Virtus Ceredex Mid-Cap Value Equity Fund I (SMVTX) is an open-end mutual fund that seeks total return through capital appreciation, with current income as a secondary objective; it invests at least 80% of its net assets in equity securities of U.S. mid-capitalization companies within the market capitalization range of the Russell Midcap Value Index, focusing primarily on dividend-paying stocks that appear undervalued based on a disciplined process emphasizing dividend policy, attractive valuations, low historical valuation levels relative to peers and history, and improving fundamentals identified through extensive bottom-up fundamental research for catalysts such as new management, restructurings, or product innovations. The fund offers multiple share classes including Class I (SMVTX, minimum initial investment of $100,000), Class A (SAMVX), and others, with a net expense ratio of 1.01% for Class I; it maintains sector allocations led by industrials (approximately 23%), information technology (20%), and financials (17%), with top holdings as of September 30, 2025, including Quanta Services Inc., Williams Cos Inc., EMCOR Group Inc., Citizens Financial Group Inc., and Vertiv Holdings Co. Managed by Ceredex Value Advisors LLC, an investment adviser with value equity roots tracing to 1989 and formal incorporation in 2007, headquartered in Orlando, Florida, the fund features a portfolio management team led by Donald Wordell, CFA (since inception on November 30, 2001), and Cody Smith, CFA (since February 15, 2023); Ceredex, a subadviser affiliated with Virtus Investment Partners, Inc., serves institutions, endowments, foundations, and high-net-worth investors with total net assets under management for the fund reaching approximately $1.46 billion as of late 2025. Geographically, the fund operates primarily in the United States with over 94% allocation to U.S. stocks and minor exposure to non-U.S. equities (1.57%), targeting the mid-cap value segment of the equity market. Recent operational changes include the announcement that effective January 21, 2026, Class C shares will no longer be available for purchase by new or existing shareholders, as detailed in the prospectus supplement; in Q3 2025 portfolio updates, the fund initiated new holdings such as Teradyne Inc., Solaris Energy Infrastructure, Citizens Financial Group, SouthState Bank, and others while maintaining its focus on undervalued dividend payers amid market volatility.