About PRNIX
The Virtus NFJ Mid-Cap Value Fund Institutional Class is a mutual fund specializing in mid-cap value equities. Its primary objective is to achieve capital growth and income by investing predominantly in mid-capitalization companies that exhibit a combination of value, quality, and strong shareholder yield characteristics. The fund employs a disciplined investment process focused on identifying companies with competitive advantages, consistent financial performance, and attractive valuations.
The portfolio is diversified across multiple sectors, with significant allocations to financials, real estate, industrials, and utilities, among others. Holdings typically include firms with established market positions and potential for sustainable growth, as evidenced by its top positions in companies such as JD.com, Truist Financial, and American Water Works. By focusing on the mid-cap segment, the fund seeks to capitalize on the growth potential and relative stability that these companies often provide within the broader equity landscape.
Serving institutional investors, the fund offers a cost-competitive structure and targets long-term total return, making it a notable choice for those seeking exposure to value-oriented U.S. mid-cap equities within a diversified investment portfolio.
Fund Family Virtus
Category Mid-Cap Value
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PRNIX
Share Class Institutional
Index Russell MidCap Value TR
PRNIX had a total return of 18.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.45%.
