Morningstar

Invenomic Fund Super Institutional Class shares BIVSX

Medalist Rating as of Sep 30, 2026 See Invenomic Investment Hub

Strategy

The investment seeks long term capital appreciation. The fund invests primarily in both long and short positions in equity securities principally traded in United States markets. Under normal market conditions, the Sub-Adviser seeks to be fully invested in the long portfolio (greater than 80%), while allowing the size of the short portfolio to fluctuate based on the market opportunity. The fund may invest in equity securities of any type and across all market capitalizations. It may invest in securities of companies operating less than three years ("unseasoned issuers") and in initial public offerings of securities ("IPO").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BIVRX	Invenomic Fund Investor Class shares	No Load	Limited			Jun 19, 2017	$32.74M	2.490%	High	$5,000	−$7.03M
BIVIX	Invenomic Fund Institutional Class shares	Institutional	Limited			Jun 19, 2017	$543.05M	2.240%	High	$50,000	−$117.51M
BIVSX	Invenomic Fund Super Institutional Class shares	Institutional	Limited			May 10, 2019	$274.15M	1.990%	High	$50M	−$115.38M

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