| Nasdaq: BVEFX
The Fund invests in equity securities of large and medium sized companies we believe are undervalued. Our investment process is based on bottom-up, fundamental analysis to identify securities that are trading at attractive valuations. We pay particular attention to price, on either an absolute or relative basis—Price-to-Earnings, Price-to-Book, EV/EBITDA and EV/Revenue are all examined. By seeking an understanding of a company's business, financial dynamics, industry position and management, our investment team attempts to build a "weight of the evidence" case before adding a company to the firm's Buy List. The Fund's investment objective is long-term capital appreciation.