Fund Evaluator:

LSV Value Equity Overview

LSV Value Equity (LSVEX) is an actively managed U.S. Equity Mid-Cap Value fund. LSV Fund launched the fund in 1999.

The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The equity securities in which the fund invests are mainly common stocks. Although the fund may invest in securities of companies of any size, the fund generally invests in companies with market capitalizations of $1 billion or more at the time of purchase.

About LSV Value Equity (LSVEX)

There are 6 members of the management team with an average tenure of 16.81 years: Puneet Mansharamani (2006), Greg Sleight (2014), Guy Lakonishok (2014), Gal Skarishevsky (2025), Josef Lakonishok (1999), Menno Vermeulen (1999). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. LSV Value Equity has 144 securities in its portfolio. The top 10 holdings constitute 17.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

LSV Value Equity is part of the Equity global asset class and is within the U.S. Equity fund group. LSV Value Equity has 2.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.6%. There is 2.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). LSV Value Equity has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $642 million average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LSVEX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The LSV Value Equity expense ratio is above average compared to funds in the Mid-Cap Value category. LSV Value Equity has an expense ratio of 0.67%, which is 35% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. LSV Value Equity has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of July 2026, LSV Value Equity returned 4.2%, which earned it a grade of A, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

LSV Value Equity has a trailing yield of 1.60%, which is above the 0.87% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

LSV Value Equity Grades

Year to date, the fund has returned 19.3%, 3.7 percentage points better than the category, which translates into a grade of B. The fund has returned 33.6% over the past year (grade of A), 18.1% over the past three years (grade of A) and 12.1% per year over the past five years (grade of A) and 11.7% per year over the past 10 years (grade of A).

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