Focused Large Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Focused Large Cap Value Fund held 55 positions with $2.93B in net assets. Its ten largest holdings made up 33.0% of the fund. The ALVIX share class costs 0.84% a year. Over the 12 months to May 2026, ALVIX returned 20.2%, with dividends reinvested. In 2026 Q2 it added 11 new positions and exited 9.
The fund seeks long-term capital growth.
The fund invests at least 80% of assets in large-capitalization stocks within the Russell 1000 Index range, selecting companies whose stock prices the managers believe undervalue the business; stocks are held until price reaches estimated fair value and then sold. The fund typically holds 30–50 stocks and may include foreign securities meeting the same valuation criteria. Because the fund concentrates in a limited number of holdings, performance depends heavily on the success of those individual picks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.98% | $116.84M | 701.0K | $166.67 | |
MSFTMicrosoft Corp | 3.74% | $109.63M | 293.9K | $373.02 |
3.56% | $104.38M | 824.6K | $126.58 | |
3.42% | $100.32M | 200.5K | $500.39 | |
3.22% | $94.52M | 372.2K | $253.97 | |
AMZNAmazon.com Inc | 3.21% | $94.14M | 395.0K | $238.34 |
3.21% | $94.07M | 287.4K | $327.33 | |
3.16% | $92.72M | 612.7K | $151.33 | |
Enterprise Products Partners LP | 2.75% | $80.65M | 2.2M | $36.76 |
2.70% | $79.25M | 82.4K | $961.56 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 55 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.57% |
| Cash & short-term | 1.23% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 22.1%
- Health Care
- 14.8%
- Information Technology
- 12.2%
- Industrials
- 10.6%
- 9 other sectors
- 40.3%
- Financials
- 22.1%
- Health Care
- 14.8%
- Information Technology
- 12.2%
- Industrials
- 10.6%
- Consumer Staples
- 8.9%
- Utilities
- 7.8%
- International
- 7.5%
- Materials
- 5.3%
- Consumer Discretionary
- 4.5%
- Energy
- 4.0%
- Other
- 1.2%
- Communication Services
- 1.1%
- Cash
- 0.0%
How it has done
ALVIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.38%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.84% | +20.17% | +48.87% | +54.69% | -7.24% | |
| 1.09% | +19.89% | +47.79% | +52.77% | -7.31% | |
| 0.64% | +20.48% | +49.81% | +56.32% | -7.19% | |
| 1.84% | +18.96% | +44.43% | +47.17% | -7.48% | |
| 1.34% | +19.57% | +46.59% | +50.91% | -7.35% | |
| 0.49% | +20.68% | +50.53% | +57.51% | -7.15% | |
| 0.64% | +20.47% | +49.78% | +56.25% | -7.18% | |
| 0.01% | +21.19% | +52.72% | — | -7.13% |
These classes hold the same portfolio, so the 8.29pp spread over 3 years is the cost difference between them — roughly 2.76pp a year — not a difference in what they own.
Fees & fund details
Focused Large Cap Value Fund is an actively managed U.S. equity fund. 0% of ALVIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.01% – 1.84%· ALVIX 0.84%
- Portfolio turnover
- 51.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
11 new· the largest 7
9 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — ALVIX, QQQ and the fund in my 401(k)?”
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