Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

Mid Capitalization Portfolio

mutual fund
SPMAX
Payout Change
Suspended
Price as of:
$14.21 -0.25 -1.73%
primary theme
U.S. Mid-Cap Blend Equity
share class
A (SPMAX) I (SMIPX) C (SPMCX)
SPMAX (Mutual Fund)

Mid Capitalization Portfolio

Payout Change
Suspended
Price as of:
$14.21 -0.25 -1.73%
primary theme
U.S. Mid-Cap Blend Equity
share class
A (SPMAX) I (SMIPX) C (SPMCX)
SPMAX (Mutual Fund)

Mid Capitalization Portfolio

Payout Change
Suspended
Price as of:
$14.21 -0.25 -1.73%
primary theme
U.S. Mid-Cap Blend Equity
share class
A (SPMAX) I (SMIPX) C (SPMCX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Mid Capitalization Portfolio

SPMAX | Fund

$14.21

$12.3 M

0.00%

2.10%

Vitals

YTD Return

26.1%

1 yr return

36.4%

3 Yr Avg Return

15.1%

5 Yr Avg Return

11.8%

Net Assets

$12.3 M

Holdings in Top 10

28.0%

52 WEEK LOW AND HIGH

$14.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.10%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Mid Capitalization Portfolio

SPMAX | Fund

$14.21

$12.3 M

0.00%

2.10%

SPMAX - Profile

Distributions

  • YTD Total Return 26.1%
  • 3 Yr Annualized Total Return 15.1%
  • 5 Yr Annualized Total Return 11.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Mid Capitalization Portfolio
  • Fund Family Name
    Saratoga Advantage Trust
  • Inception Date
    Jan 06, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dennis Alff

Fund Description

The Portfolio will normally invest at least 80% of its total assets in equity securities of companies whose stock market capitalizations fall within the range of the capitalizations in the Russell Midcap® Index at the time of purchase. The market capitalization range of the Russell Midcap® Index at September 30, 2023 was $451.61 million to $54.49 billion. The Russell Midcap® Index is reconstituted annually in June of each year. Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. The Portfolio invests in securities of companies that are believed by the Adviser to be undervalued, thereby offering above-average potential for capital appreciation. The Portfolio may also invest in equity securities of foreign companies.

The Adviser invests in medium capitalization companies with a focus on total return using a bottom-up value-oriented investment process. The Adviser seeks companies with the following characteristics, although not all of the companies it selects will have these attributes:

● companies earning a positive economic margin with stable-to-improving returns;
● companies valued at a discount to their asset value; and
● companies with an attractive dividend yield and minimal basis risk.

In selecting investments, the Adviser generally employs the following strategy:

● value-driven investment philosophy that selects stocks selling at attractive values based upon business fundamentals, economic margin analysis, discounted cash flow models and historical valuation multiples. The Adviser reviews companies that it believes are out-of-favor or misunderstood;
● use of value-driven screens to create a research universe of companies with market capitalizations of at least $1 billion; and
● use of fundamental and risk analysis to construct a portfolio of securities that the Adviser believes has an attractive return potential.

Under adverse market conditions, the Portfolio may also make temporary investments in investment grade debt securities. Such investment strategies could result in the Portfolio not achieving its investment objective.

Read More

SPMAX - Performance

Return Ranking - Trailing

Period SPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% -5.0% 49.8% 8.22%
1 Yr 36.4% 5.1% 58.1% 4.25%
3 Yr 15.1%* -19.0% 19.7% 14.66%
5 Yr 11.8%* 0.3% 22.1% 28.00%
10 Yr 7.9%* 2.8% 13.0% 77.14%

* Annualized

Return Ranking - Calendar

Period SPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.0% -12.9% 28.8% 45.89%
2022 -13.7% -52.6% 20.1% 13.71%
2021 2.8% -43.8% 32.4% 81.63%
2020 -0.1% -10.6% 82.1% 90.94%
2019 29.9% -8.5% 37.5% 5.77%

Total Return Ranking - Trailing

Period SPMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% -5.0% 49.8% 8.22%
1 Yr 36.4% 5.1% 58.1% 4.25%
3 Yr 15.1%* -19.0% 19.7% 14.66%
5 Yr 11.8%* 0.3% 22.1% 28.00%
10 Yr 7.9%* 2.8% 13.0% 77.14%

* Annualized

Total Return Ranking - Calendar

Period SPMAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.5% 1.2% 31.3% 54.11%
2022 -11.9% -45.7% 21.1% 20.57%
2021 19.9% -30.2% 52.8% 82.51%
2020 9.7% -8.4% 84.3% 67.98%
2019 29.9% 1.0% 43.4% 30.13%

NAV & Total Return History

SPMAX - Holdings

Concentration Analysis

SPMAX Category Low Category High SPMAX % Rank
Net Assets 12.3 M 728 K 175 B 95.21%
Number of Holdings 59 1 2780 70.42%
Net Assets in Top 10 3.56 M 402 K 15.4 B 95.77%
Weighting of Top 10 28.01% 0.5% 100.0% 34.18%

Top 10 Holdings

  1. ROYAL CARIBBEAN 3.89%
  2. MONOLITHIC POWER 3.13%
  3. CENCORA INC 2.83%
  4. EASTGROUP PROP 2.80%
  5. VULCAN MATERIALS 2.78%
  6. TYLER TECHNOLOG 2.75%
  7. NASDAQ INC 2.51%
  8. EXTRA SPACE STOR 2.50%
  9. CUSHMAN WAKEFI 2.49%
  10. AXON ENTERPRISE 2.34%

Asset Allocation

Weighting Return Low Return High SPMAX % Rank
Stocks 		98.50% 0.86% 100.25% 54.08%
Cash 		1.50% 0.00% 99.07% 54.93%
Preferred Stocks 		0.00% 0.00% 11.12% 26.76%
Other 		0.00% 0.00% 51.08% 49.01%
Convertible Bonds 		0.00% 0.00% 1.78% 27.89%
Bonds 		0.00% 0.00% 72.71% 32.68%

Stock Sector Breakdown

Weighting Return Low Return High SPMAX % Rank
Utilities 		17.62% 0.00% 18.97% 0.56%
Industrials 		17.47% 0.00% 45.89% 42.09%
Technology 		12.94% 0.00% 40.65% 77.97%
Healthcare 		12.62% 0.00% 24.06% 22.32%
Financial Services 		11.49% 0.00% 46.10% 80.23%
Energy 		8.54% 0.00% 58.13% 9.60%
Basic Materials 		7.21% 0.00% 16.35% 15.82%
Consumer Cyclical 		5.50% 2.49% 46.48% 93.50%
Communication Services 		3.34% 0.00% 30.98% 29.94%
Consumer Defense 		1.68% 0.00% 32.18% 92.37%
Real Estate 		1.58% 0.00% 25.82% 84.46%

Stock Geographic Breakdown

Weighting Return Low Return High SPMAX % Rank
US 		98.50% 0.86% 100.25% 48.17%
Non US 		0.00% 0.00% 10.11% 38.31%

SPMAX - Expenses

Operational Fees

SPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.10% 0.03% 19.40% 5.67%
Management Fee 0.75% 0.00% 1.50% 67.14%
12b-1 Fee 0.40% 0.00% 1.00% 66.87%
Administrative Fee N/A 0.01% 0.30% 65.04%

Sales Fees

SPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 14.29%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 3.85%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SPMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 304.00% 61.71%

SPMAX - Distributions

Dividend Yield Analysis

SPMAX Category Low Category High SPMAX % Rank
Dividend Yield 0.00% 0.00% 29.78% 90.70%

Dividend Distribution Analysis

SPMAX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

SPMAX Category Low Category High SPMAX % Rank
Net Income Ratio -0.60% -2.06% 3.38% 92.07%

Capital Gain Distribution Analysis

SPMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SPMAX - Fund Manager Analysis

Managers

Dennis Alff

Start Date

Tenure

Tenure Rank

Apr 30, 2006

16.1

16.1%

Mr. Alff has been a Senior Portfolio Manager at Vaughan Nelson since 2006. He began his investment career since 1997 and has also served as Vice President, Credit Arbitrage and Asset Investments at Koch Capital Markets and Project Leader at The Boston Consulting Group.

Christopher Wallis

Start Date

Tenure

Tenure Rank

Apr 30, 2006

16.1

16.1%

Christopher D. Wallis, CFA, is Senior Portfolio Manager. Mr. Wallis received his BBA in Accounting from Baylor University in 1991 and his MBA in 1998 from Harvard Business School. Mr. Wallis holds the Chartered Financial Analyst designation and is a Certified Public Accountant for the State of Texas. Prior to joining Vaughan Nelson Investment Management in 1999, he was an Associate at Simmons & Company International.

Chad Fargason

Start Date

Tenure

Tenure Rank

Nov 01, 2013

8.58

8.6%

Dr. Fargason has been a Senior Portfolio Manager at Vaughan Nelson since 2013. Before joining Vaughan Nelson, he was a Director at KKR&Co. from 2003 to 2013. Prior to that, he also served as a Senior Vice President at El Paso Corp. and Project Leader at The Boston Consulting Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.3 5.78

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×