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Ceredex Small-Cap Value Equity

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(as of )
Total Assets by Class
(as of 01/22/2018)
Total Assets by Fund
(as of 01/22/2018)
Morningstar Category
Small Blend
Product Overview

The Fund looks to generate capital appreciation and income by investing in the dividend-paying stocks of U.S. small-cap companies which management believes are undervalued relative to the market.

The Fund is the successor of the RidgeWorth Ceredex Small Cap Value Equity Fund, as a result of that fund's reorganization with and into the Fund on July 14, 2017.

Management Team

Investment Partners

Ceredex Value Advisors LLC

Ceredex Value Advisors is a value equity boutique that has managed money for institutions, endowments, foundations and high-net-worth investors since 1995. Portfolio managers and analysts collaborate to execute on bottom-up, company-by-company research, seeking to identify catalysts in undervalued, dividend-paying stocks when constructing value-oriented portfolios.

Visit the Ceredex Value Advisors LLC website
Portfolio Managers
Brett Barner
Brett Barner, CFA

Managing Director, Portfolio Manager

Industry start date: 1985

Start date with fund: 1994

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Investment Process Highlights

Construct a traditional value portfolio through fundamental research-driven stock selection.


Invest in the stocks of U.S.-traded small-cap companies that are expected to pay dividends, and that management believes are undervalued relative to the market.


Invest in companies within market cap range of Russell 2000® Value Index.

Portfolio Characteristics

Top Holdings (% Fund)
(as of 12/29/2017)
Energizer Holdings Inc
Hill-Rom Holdings, Inc.
Evercore Inc Class A
Tanger Factory Outlet Centers, Inc.
Tetra Tech, Inc.
Herman Miller, Inc.
Covanta Holding Corporation
B&G Foods, Inc.
Lithia Motors, Inc. Class A
American Eagle Outfitters, Inc.

Holdings are subject to change.

(as of 12/29/2017)
Average Weighted Market Cap (billions) $2.35
Median Market Cap (billions) $1.97
Trailing PE 21.39x
Price-to-Cash Flow 13.28
Price-to-Book Value 2.97
3-Year EPS Growth Rate 5.88
Sector Allocation (% Equity)
(as of 12/29/2017)

Performance & Risk

Growth of $10,000 Investment
From to

This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.

As of
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Sales Charge and Expenses
Distribution History2
(as of )
Reinvest NAV
Risk Statistics3
(as of )
Fund Index
Std Dev
Risk Considerations
Equity Securities: Equity securities may be more volatile and carry more risk than other forms of investments, including investments in high grade fixed income securities. The net asset value per share of a fund will fluctuate as the value of the securities in the portfolio changes.
Value Stocks: Value stocks are subject to the risk that the broad market may not recognize their intrinsic value.
Small-Capitalization Stocks: Small-capitalization stocks typically carry additional risks since smaller companies generally have a higher risk of failure.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials

Virtus Ceredex Small-Cap Value Equity Fund Fact Sheet - I
Virtus Ceredex Small-Cap Value Equity Fund Commentary
Ceredex Value Investing and the Power of Dividends
Quarterly Morningstar Ratings
Ceredex Firm Overview
Financial Materials
Virtus Asset Trust Statutory Prospectus
Virtus Ceredex Small-Cap Value Equity Fund Summary Prospectus
Virtus Asset Trust Prospectus Supplement XBRL 497E 07 18 2017
Virtus Asset Trust Prospectus XBRL 485B 06 22 2017
Virtus Asset Trust SAI
RidgeWorth Equity Funds Annual Report
Virtus Asset Trust Semiannual Report
Mutual Fund Distributions
Virtus Ceredex Small-Cap Value Equity Fund Holdings

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 or visit to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.

Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. NAV returns do not include the effect of any applicable sales charges. POP and w/CDSC returns include the effect of maximum applicable sales charges.

Returns for periods of less than one year are cumulative total returns.

1 Yields/Distributions: Distribution Yield (at NAV) is calculated by (a) annualizing the latest distribution for fixed income funds or funds less than 1 year old (b) summing all distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period. SEC Yield represents the net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's public offering share price at the end of the 30-day period.  Gross SEC Yield represents the yield if there were no expense reimbursements.

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain

3 Risk Statistics:  R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.

4 Characteristics: For Equity Funds: Trailing P/E: Per-share stock price divided by the latest12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.

4 Characteristics: For Fixed Income Funds:  Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund's price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund's price.

Morningstar Disclosures: 
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.

© 2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.