Bluemonte Large Cap Value ETF (BVAL) Stock Price, Quote, News & History | Benzinga

To achieve its investment objective the Fund invests, under normal circumstances, at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in investments that provide exposure to large capitalization companies that have value characteristics. This includes Fund investments in shares of ETFs (Underlying Funds) which invest at least 80 percent of their net assets (plus the amount of any borrowings for investment purposes) in large capitalization companies that have value characteristics. The Fund defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. The Fund will defer to an Underlying Funds definition of value characteristics. However, companies with value characteristics are generally understood to be those companies that appear to be undervalued relative to asset value, earnings, growth potential and cash flows. The Fund operates as a fund-of-funds. Under normal circumstances, the Fund intends to invest primarily in unaffiliated passively managed and actively managed ETFs.