The Mid Cap Value style ranks sixth out of the twelve fund styles as detailed in our 4Q22 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Mid Cap Value style ranked seventh. The category receives our Neutral rating, which is based on an aggregation of ratings of 10 ETFs and 167 mutual funds in the Mid Cap Value style as of October 19, 2022. See a recap of our 3Q22 Style Ratings here.
Figures 1 and 2 show the best and worst rated ETFs and mutual funds in the style. Not all Mid Cap Value style ETFs and mutual funds are created the same. The number of holdings varies widely (from 21 to 1,147). This variation creates drastically different investment implications and, therefore, ratings.