VL Capital Management 
Focused U.S. Equity Strategy  
 
The VL Capital Focused U.S. Equity Strategy seeks to maximize returns by making concentrated bets on a limited number of “best idea” stock picks. Positions are carefully chosen based on our research process that incorporates fundamental value investing principles and a near-term catalyst. We believe that investing in firms with depressed valuations and a fundamental catalyst provides the best opportunity for superior long-term returns.
 
VL Capital also incorporates a macroeconomic overlay into all of its investment strategies to help mitigate systematic risk. The VL Capital Recession Risk Index is the firm’s proprietary, multi-factor economic model that analyzes the probability of a recession occurring in the U.S. on a continuous basis. This model serves as a defensive backstop against the large draw-downs that occur during negative economic events.
 

Key Information

First Value Date1 02 Jan 2013
Launch Date2 01 Nov 2018
Total Return3,4 203.10%
Management Fee 1.00% Annual
Manager VL Capital Management
Account Structure Separately Managed
Custodian Interactive Brokers
 
 
1. The First Value Date is the first day for which there is a calculated value (either live or back-tested) for a given strategy.
 
2. The Launch Date designates the date upon which the values of a given strategy are first considered live: values provided for any date or time period prior to the strategy’s Launch Date are considered back-tested. Back-tested performance, which is hypothetical and not actual performance, is subject to inherent limitations because it reflects application of a methodology and selection of constituents in hindsight. No theoretical approach can take into account all of the factors in the markets in general and the impact of decisions that might have been made during the actual operation of a strategy. Actual returns may differ from, and be lower than, back-tested returns.
 
3. The Total Return represents the cumulative return from the First Value Date to present and may include both back-tested and live returns.
 
4. All returns are provided net of management fees. Past performance is not an indication or guarantee of future results.