BLCV

BLCV seeks to maximize total return by actively selecting large-cap US equities that exhibit value characteristics. The investment process includes bottom-up fundamental analysis, in an attempt to surface 50-60 of the investment team's best ideas in the space. The team considers stocks from a broad range of industries, aiming to identify stocks with lower price-to-book ratios, conservative balance sheets, strong free cash flows, and those that may pay above average dividends. The fund may invest up to 25% in foreign companies and ADRs, while attempting to minimize off benchmark positions. The fund may use derivatives to obtain exposure. During temporary defensive periods, the fund may shift exposure to include 100% to liquid, short-term, high-quality investments. The fund may also lend up to 33.3% of the portfolio value.