Morningstar

Virtus Ceredex Mid-Cap Value Equity Fund Class I SMVTX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Virtus Investment Hub

Morningstar’s Analysis SMVTX

Will SMVTX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMVTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMVTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SMVTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Virtus Ceredex Mid-Cap Value Equity Expands Mandate; Ratings Unchanged

null Elijah Broadbent

Elijah Broadbent

Analyst Note

Effective Sept. 30, 2026, subadvisor Ceredex Value Advisors will broaden its eligible universe to permit up to 20% of its portfolios to be invested in non-dividend-paying companies. This change allows for greater investment flexibility and a larger opportunity set, though the fund will continue to primarily target dividend-paying companies. The changes bear monitoring but don’t represent a material deviation from the existing investment framework. Accordingly, the strategy’s Average Process rating and Morningstar Medalist Ratings still apply.

by Elijah Broadbent
Published on

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