Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. The Large Capitalization Value Portfolio seeks total return consisting of capital appreciation and dividend income.
Strategy. The Portfolio will normally invest at least 80% of its total assets in a diversified portfolio of equity securities issued by U.S. issuers with total market capitalizations of $5 billion or greater at the time of purchase. Equity securities include common stocks, preferred stocks, securities convertible into common stock and warrants. In determining which securities to buy, hold or sell, the Portfolios Adviser focuses its investment selection on finding high quality companies with compelling valuations, measurable catalysts to unlock value and above-average long-term earnings growth potential. In general, the Adviser looks for companies that have value-added product lines to help preserve pricing power, a strong history of free cash flow generation, strong balance sheets, competent management with no record of … The Portfolio will normally invest at least 80% of its total assets in a diversified portfolio of equity securities issued by U.S. issuers with total market capitalizations of $5 billion or greater at the time of purchase. Equity securities include common stocks, preferred stocks, securities convertible into common stock and warrants. In determining which securities to buy, hold or sell, the Portfolios Adviser focuses its investment selection on finding high quality companies with compelling valuations, measurable catalysts to unlock value and above-average long-term earnings growth potential. In general, the Adviser looks for companies that have value-added product lines to help preserve pricing power, a strong history of free cash flow generation, strong balance sheets, competent management with no record of misleading shareholders and financially sound customers. Independent research is used to produce estimates for future earnings, which are inputs into the Advisers proprietary valuation model. The Adviser focuses its investments where it has a differentiated view and there exists, in its view, significant price appreciation potential to its estimate of the stocks intrinsic value. Under adverse market conditions, the Portfolio may also make temporary investments in investment grade debt securities. Such investment strategies could result in the Portfolio not achieving its investment objective.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| HENRY SCHEIN INC | — | $1.31M | 7.24% |
| Dreyfus Instl Resv PFD GOVT INSTL | DSVXX | $1.29M | 7.14% |
| AMETEK INC NEW | — | $1.15M | 6.34% |
| WILLIAMS COS INC | — | $1.10M | 6.08% |
| CLEAN HARBORS INC | — | $1.00M | 5.55% |
| PRIMO BRANDS CORP A | — | $958.05K | 5.30% |
| API GROUP CORP | — | $926.24K | 5.12% |
| QUEST DIAGNOSTICS INC | — | $868.62K | 4.80% |
| MARTIN MAR MTLS | — | $855.18K | 4.73% |
| CAPITAL ONE FINANCIAL CORP | — | $816.80K | 4.51% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| DIAMOND HILL LARGE CAP CONCENTRATED ETF | 15% | 0.55% |
| Lazard US Equity Focus Portfolio · LZUOX, LZUSX, RLUSX | 15% | 0.70% |
| DAVENPORT CORE LEADERS FUND · DAVPX | 14% | 0.85% |
Advisers
| Firm | Role |
|---|---|
| M.D. Sass, LLC | Sub-adviser |
| Saratoga Capital Management, LLC | Adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.