LCF vs SEIV

LCFDTouchstone US Large Cap Focused ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

LCF A 25-to-45-stock book built on one idea: durable moats trading below their intrinsic value. Fort Washington runs it, non-diversified by design, at 0.56% net of a waiver through April 29, 2027.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

LCF The Fund seeks capital appreciation through an actively managed portfolio of U.S. companies selected for attractive intrinsic value and durable competitive advantages.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

• LCF The filter is specific: businesses trading below Fort Washington's estimate of intrinsic value with real barriers to entry (scale, customer loyalty, cost edge, a license).sec.gov
• Genuinely concentrated. Generally 25 to 45 companies with cash held under 10% of assets, so individual picks actually move the portfolio.sec.gov
• Since its 2022 launch it has stayed in its stated lane: US large caps bought on valuation, no drift into whatever is hot.

• SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
• Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
• Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
• Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

• LCF 0.56% net of a waiver through April 29, 2027 (1.18% gross) sits near the category norm, but rules-based peers like WTV at 0.12% and AVLV at 0.15% cost far less.
• Non-diversified cuts both ways: a stumble in one of a few dozen names lands harder here than in a 500-stock index fund.sec.gov
• One of the smaller, more thinly traded funds in its category, so spreads can be wide. Limit orders are the standard tool.

• SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
• Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
• You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full LCF profile⁠

Full SEIV profile⁠