Mid Cap Value
Investment Overview
This Mid Cap Value strategy invests a diversified portfolio of 60 to 80 U.S. stocksof mid-cap companies with attractive valuations, low market expectations, andpotential for fundamental improvement. Long-term capital appreciation is soughtthrough internally driven stock selection, emphasizing traditional measures ofvalue. Our goal is to generate consistent excess return by adding value throughbottom-up fundamental research.
Investment Process
| Initial Universe | Initial investment universe consists of publicly traded U.S. companies with market capitalizations primarily between $1 billion and $10 billion. |
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| Quantitative Screens & Company Meetings | A series of screens and evaluation of management team quality are applied to identify potentially undervalued candidates for in-depth fundamental research. |
| Fundamental Company Research | Analysts evaluate and attempt to understand each company through analysis of business prospects relative to share price, and thorough assessment of risk/reward tradeoffs. |
| Portfolio Construction | Portfolio construction is driven by bottom-up stock selection. The strategy is diversified across 60-80 holdings, with the top positions rarely exceeding 3%. |
| Tailored Portfolio Construction | The target portfolio can be modified to accommodate your particularinvestment restrictions or guidelines. |
| Sell Discipline | Generally, stocks are sold for the following reasons:
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Investment Team
| Anthony F. Forcione | James Manning |
| Wayne Archambo |
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| Managed Account Team (MAT) Client accounts are managed by BlackRock's Managed Account Team implementing the investment process developed and maintained by the Mid Cap Value investment team. | |
Investment involves risk. The investment process described herein reflects the current process for selecting portfolio investments and is subject to change.