A More Intentional Way to Own U.S. Large Cap Equity
Advisors today need equity exposure they can stand behind with confidence, not just in bull markets, but when clients ask the hard questions during volatility.
IVS U.S. Large was built for that reality.
Our disciplined Intrinsic Value & Stewardship framework has delivered broad, large-cap exposure with lower drawdowns, faster recoveries, and more consistent long-term outperformance than traditional indexes.
Proven Long-Term Results (9/1998 to 9/2025)
IVS U.S. Large strategy has delivered:
• +216 bps of annualized outperformance vs. the Russell 1000
• Outperformance across every trailing period
• Top-quartile ranking in its eVestment universe across all trailing periods
• 98% upside capture with only 88% downside capture
• Lower drawdowns and quicker recoveries than the benchmark
• Higher Sharpe and Information Ratios
These are not side effects, they are the result of a process deliberately engineered to avoid unrewarded risk.
The Problem with Traditional Indexes
Market-cap indexes overweight whatever is most expensive and popular — whether or not fundamentals justify it.
This creates unintentional concentration risk, especially in mega-cap tech, and systematically allocates too much capital to overvalued or deteriorating businesses.
Advisors are left explaining volatility they did not choose.
The IVS Advantage: A Safer Market® Experience
IVS U.S. Large is built on two proprietary signals:
1. Intrinsic Value Factor
A forward-looking valuation measure based on expected economic profits — not backward-looking ratios like B/P or E/P. It helps us systematically eliminate companies trading above intrinsic worth.
2. Stewardship Factor
Identifies companies that reinvest intelligently and consistently earn returns above their cost of capital. It removes firms that destroy value through poor reinvestment or excessive financing.
In addition to these two signals, IVS incorporates:
Intelligent Position Sizing
Holdings are weighted by intrinsic value upside, not market cap. This prevents overconcentration in expensive mega-caps and leads to a more stable, fundamentals-driven portfolio of ~600–700 stocks.
The outcome:
Broad equity exposure that captures the long-term upside of U.S. markets while avoiding the “junk” that fuels avoidable drawdowns.
Why Advisors Choose IVS U.S. Large
A more stable core equity solution.
Lower volatility + lower drawdowns = more durable client portfolios.
A disciplined, repeatable, evidence-based process.
Built on 25+ years of real-world valuation research, not narratives or forecasts.
A differentiated story clients immediately understand.
Avoid the overvalued. Avoid the value destroyers. Own the companies building real economic value.
A more intentional alternative to market-cap indexing.
Better risk-adjusted performance. Smarter diversification. Stronger long-term outcomes.
IVS is not trying to beat the index by being different for the sake of being different. It is different because it solves structural problems traditional indexes cannot.
IVS U.S. Large – A systematic, fundamentals-driven approach for advisors who want large-cap exposure that earns long-term client confidence.
View the Full Pitchbook for detailed performance data, risk metrics, and the research framework that’s driven consistent outperformance since 1998.