The Mid Cap Value style ranks eighth out of the twelve fund styles as detailed in our 1Q20 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Mid Cap Value style ranked ninth. It gets our Neutral rating, which is based on an aggregation of ratings of 13 ETFs and 158 mutual funds in the Mid Cap Value style as of January 24, 2020. See a recap of our 4Q19 Style Ratings here.
Figure 1 ranks from best to worst the ETFs that meet our liquidity standards and Figure 2 shows the five best and worst rated Mid Cap Value mutual funds. Not all Mid Cap Value style ETFs and mutual funds are created the same. The number of holdings varies widely (from 21 to 675). This variation creates drastically different investment implications and, therefore, ratings.