BDIV offers concentrated exposure to US-listed, dividend-paying stocks. The actively managed fund attempts to achieve faster dividend growth than the broader equity market, with a lower portfolio beta and an aggregate yield that is equal to or greater than the S&P 500. The initial universe consists of US companies with a minimum market capitalization of $3 billion. The sub-adviser then removes non-dividend paying firms, focusing on those that recently started paying dividends and those with positive dividend growth. The remaining securities are further narrowed down using a bottom-up, fundamental approach, which seeks to identify companies positioned to grow their dividend over time. The selection process combines qualitative, financial, and historical analyses of each eligible firm. The portfolio holds 30 to 40 stocks, with individual security weights between 2% to 4%. The fund may weight more heavily towards individual particular sectors over time.