Fund Evaluator:
LSV Conservative Value Equity Investor (LVAVX)
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Best Performing in Large Value Over the Last Year
| 39.1% | American Beacon Man Lg Cp Value Inv (BWLIX) |
| 33.9% | PGIM Jennison Focused Value Z (PJGZX) |
| 32.5% | LSV Conservative Value Equity Investor (LVAVX) |
| 31.7% | Fidelity Advisor Blue Chip Value Z (FFVPX) |
| 31.6% | Fidelity Blue Chip Value (FBCVX) |
Fund Details
LSV Conservative Value Equity Investor Overview
LSV Conservative Value Equity Investor (LVAVX) is an actively managed U.S. Equity Large Value fund. LSV Fund launched the fund in 2014.
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 Conservative Value Equity Investor (LVAVX)
There are 6 members of the management team with an average tenure of 13.86 years: Puneet Mansharamani (2007), Greg Sleight (2014), Guy Lakonishok (2014), Gal Skarishevsky (2025), Josef Lakonishok (2007), Menno Vermeulen (2007). 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 Conservative Value Equity Investor has 198 securities in its portfolio. The top 10 holdings constitute 19.1% 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 Conservative Value Equity Investor is part of the Equity global asset class and is within the U.S. Equity fund group. LSV Conservative Value Equity Investor has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.6%. There is 1.1% 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 Conservative Value Equity Investor has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $200 million in total assets, which is below the $1 billion average for the Large 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.
LVAVX 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 Conservative Value Equity Investor expense ratio is above average compared to funds in the Large Value category. LSV Conservative Value Equity Investor has an expense ratio of 0.60%, 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 Conservative Value Equity Investor has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of June 2026, LSV Conservative Value Equity Investor returned 1.5%, which earned it a grade of C, as the Large Value category had an average return of 1.6%. 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 Conservative Value Equity Investor has a trailing yield of 1.41%, which is above the 1.25% 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 Conservative Value Equity Investor Grades
Year to date, the fund has returned 16.5%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 32.5% over the past year (grade of A), 20.0% over the past three years (grade of A) and 12.7% per year over the past five years (grade of A) and 12.0% per year over the past 10 years (grade of B).
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LVAVX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LVAVX Return (NAV) | 1.5% | 14.1% | 32.5% | 20.0% | 12.7% | 12.0% |
| LVAVX Grade | C | A | A | A | A | B |
| +/- Category | -0.1% | 4.3% | 11.5% | 4.1% | 2.3% | 0.7% |
| Large Value Avg | 1.6% | 9.8% | 21.0% | 15.9% | 10.4% | 11.3% |
| LVAVX Tax Cost Ratio | na | na | 3.2% | 2.9% | 2.3% | 2.0% |
LVAVX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LVAVX Return (NAV) | 16.5% | 19.3% | 16.1% | 11.8% | -4.2% | 28.2% | -3.7% | 25.0% | -11.3% | 15.8% | 16.2% |
| LVAVX Grade | A | A | B | C | B | B | F | C | D | C | B |
| +/- Category | 5.4% | 4.2% | 2.0% | -0.0% | 1.8% | 2.4% | -7.5% | -0.6% | -2.9% | -0.6% | 1.6% |
| Large Value Avg | 11.1% | 15.2% | 14.1% | 11.8% | -6.1% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.5% |
| Risk Measures | |
| Standard Deviation: | 13.0% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 0.78 |
| R-Squared: | 62% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $164 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 25% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 19.3 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Mansharamani Puneet (2007), Lakonishok Josef (2007), Vermeulen Menno (2007), Sleight Greg (2014), Lakonishok Guy (2014), Skarishevsky Gal (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 198 |
| % in Top 10 Holdings: | 19.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.1% |
Portfolio Allocation |
|
| Domestic Stock: | 97.6% |
| Foreign Stock: | 1.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | LSV Fund |
| Phone Number: | 888-386-3578 |
| Website: | www.hamlinfunds.com |
| Status: | Open |
| Inception Date: | June 10, 2014 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.60% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | LSV Conservative Value Equity |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
