BKDV

BKDV invests in value companies across various market capitalizations worldwide. The fund primarily includes stocks found in the Russell 3000 Value Index, S&P Composite 1500 Value Index, or MSCI ACWI Value Index, focusing on those priced below intrinsic value. The sub-adviser uses a bottom-up approach, performing quantitative and fundamental analysis. This involves assessing a companys worth through metrics like price-to-earnings and price-to-book ratios, evaluating business fundamentals via financial history and balance sheets, and gauging momentum by monitoring factors like earnings expectations and cash flow growth. BKDV is actively managed with the goal of capital appreciation, investing mainly in common stocks but retaining the flexibility to invest globally, up to 30% in foreign securities. Securities are typically sold if a more attractive opportunity emerges or if valuations become excessive or fundamentals weaken.