4 / 5 Stars
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4 / 5 Stars
U.S. News evaluated 329 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 22.94 percent over the past year, 14.09 percent over the past three years, 20.90 percent over the past five years, and 8.65 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||1.6%|
|3 Years (Annualized)||14.1%|
|5 Years (Annualized)||20.9%|
|10 Years (Annualized)||8.7%|
RidgeWorth Large Cap Value Equity’s holdings in the financial sector have been dragging it down this year.
As of April 22, 2014, the fund has assets totaling almost $2.20 billion invested in 68 different holdings. Its portfolio consists primarily of shares of large companies.
This fund has been treading water in 2011. Through mid-June, it was largely flat year-to-date (its return was under 1 percent). That was a bit worse than both the S&P 500 and the average for Morningstar’s large-value category. The fund’s below-average performance is largely due to its stake in financial companies. As of the end of April, they accounted for more than a quarter of its stock holdings. Financial picks such as Comerica Incorporated, Morgan Stanley and Wells Fargo have dragged down the fund’s performance. Lately, management has been doing a fair amount of trading. The fund’s turnover ratio, for instance, sits at 134 percent. By comparison, a fund that replenished its entire portfolio once a year would have a ratio of 100 percent. The fund has returned 22.94 percent over the past year and 14.09 percent over the past three years.
For the most part, this fund has been a steady performer. With the exception of two years, it has finished each year since 2001 in the top half of its Morningstar category. As of the end of May, its trailing 10-year returns beat those of the broader market by an average of nearly two percentage points per year. The fund has returned 20.90 percent over the past five years and 8.65 percent over the past decade.
According to the fund's prospectus: "In selecting investments for purchase and sale, the Subadviser chooses companies that it believes are undervalued in the market relative to the industry sector and the company's own valuation history. The Subadviser evaluates potential catalysts that may cause an upward re-rating of the stock's valuation. Additionally, the common stocks purchased for the Fund generally pay dividends at the time of purchase or are expected to pay dividends soon after their purchase."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Mills Riddick manages the fund.
RidgeWorth Large Cap Value Equity Fund has an expense ratio of 0.89 percent.
Like all stock funds, this one comes with some risks.