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LSV GLOBAL MANAGED VOLATILITY FUND
mutual fund
LVAFX
Payout Change
Pending
Price as of:
$12.05
+0.11
+0.92%
primary theme
N/A
share class
LVAFX (Mutual Fund)
LSV GLOBAL MANAGED VOLATILITY FUND
Payout Change
Pending
Price as of:
$12.05
+0.11
+0.92%
primary theme
N/A
share class
LVAFX (Mutual Fund)
LSV GLOBAL MANAGED VOLATILITY FUND
Payout Change
Pending
Price as of:
$12.05
+0.11
+0.92%
primary theme
N/A
share class
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
16.5%
1 yr return
26.4%
3 Yr Avg Return
8.3%
5 Yr Avg Return
7.9%
Net Assets
$10 M
Holdings in Top 10
16.2%
52 WEEK LOW AND HIGH
$11.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.48%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LVAFX - Profile
Distributions
- YTD Total Return 16.5%
- 3 Yr Annualized Total Return 8.3%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.70%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLSV GLOBAL MANAGED VOLATILITY FUND
-
Fund Family NameLSV Fund
-
Inception DateJun 25, 2014
-
Shares Outstanding30274
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPuneet Mansharamani
Fund Description
The Fund invests primarily in equity securities of companies located throughout the world. The equity securities in which the Fund invests are mainly common stocks, but may also include American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs” and, together with ADRs, “Depositary Receipts”). Depositary Receipts are certificates issued by a bank or trust company that represent ownership of shares of a foreign issuer and generally trade on an established market, in the United States or elsewhere. Although the Fund may invest in securities of companies of any size, the Fund generally invests in companies with market capitalizations of $100 million or more at the time of purchase.
Under normal market conditions, the Fund will invest in at least three countries, including the United States, and at least 40% of its assets will be invested in non-U.S. companies, in both developed and emerging market countries. The Fund considers a company to be a non-U.S. company if (i) the company’s primary issue trades on a non-U.S. exchange; or (ii) the company is organized, maintains its principal place of business, or primarily generates its revenues outside of the United States.
In selecting securities for the Fund, the Adviser focuses on companies whose securities, in the Adviser’s opinion, are out-of-favor (undervalued) in the marketplace at the time of purchase in light of factors such as the company’s earnings, book value, revenues or cash flow, but show signs of recent improvement. The Adviser believes that these out-of-favor securities will produce superior future returns if their future growth exceeds the market’s low expectations. The Adviser seeks to manage volatility by selecting stocks for the Fund’s portfolio whose total returns are not expected to fluctuate as dramatically as those of the equity markets as a whole.
The Adviser uses a quantitative investment model to make investment decisions for the Fund. The investment model ranks securities based on fundamental measures of value (such as the price-to-earnings ratio) and indicators of near-term appreciation potential (such as recent price appreciation). Additionally, securities are ranked based on sensitivity to broader market movements or “beta,” standard deviation, and volatility of operating performance (cash flow and earnings) to identify securities that the Adviser believes will have less volatility than the overall equity markets. The investment model is used to select stocks to buy from those with higher expected returns and lower expected volatility and select stocks to sell from those whose expected returns have decreased and expected volatility has increased, subject to overall risk controls.
LVAFX - Performance
Return Ranking - Trailing
| Period | LVAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.5% | -35.6% | 29.2% | 15.66% |
| 1 Yr | 26.4% | 17.3% | 252.4% | 91.59% |
| 3 Yr | 8.3%* | -3.5% | 34.6% | 96.59% |
| 5 Yr | 7.9%* | 0.1% | 32.7% | 93.29% |
| 10 Yr | 6.7%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LVAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -5.1% | -24.3% | 957.1% | 95.27% |
| 2022 | -6.8% | -38.3% | 47.1% | 94.94% |
| 2021 | 14.0% | -54.2% | 0.6% | 13.86% |
| 2020 | -7.2% | -76.0% | 54.1% | 88.43% |
| 2019 | 9.2% | -26.1% | 47.8% | 4.78% |
Total Return Ranking - Trailing
| Period | LVAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.5% | -35.6% | 29.2% | 16.22% |
| 1 Yr | 26.4% | 11.4% | 252.4% | 90.34% |
| 3 Yr | 8.3%* | -3.5% | 34.6% | 95.50% |
| 5 Yr | 7.9%* | 0.1% | 32.7% | 92.35% |
| 10 Yr | 6.7%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LVAFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.8% | -24.3% | 957.1% | 95.27% |
| 2022 | -4.1% | -33.1% | 47.1% | 95.20% |
| 2021 | 17.4% | -44.4% | 1.8% | 14.27% |
| 2020 | -5.2% | -6.5% | 54.1% | 71.45% |
| 2019 | 17.5% | -14.4% | 47.8% | 4.47% |
NAV & Total Return History
LVAFX - Holdings
Concentration Analysis
| LVAFX | Category Low | Category High | LVAFX % Rank | |
|---|---|---|---|---|
| Net Assets | 10 M | 199 K | 133 B | 92.65% |
| Number of Holdings | 152 | 1 | 9075 | 26.32% |
| Net Assets in Top 10 | 1.58 M | -18 M | 37.6 B | 93.94% |
| Weighting of Top 10 | 16.23% | 9.1% | 100.0% | 80.78% |
Top 10 Holdings
- HARTFORD FINANCIAL SVCS GRP COMMON STOCK 1.94%
- COMCAST CORP-CLASS A COMMON STOCK 1.91%
- CVS HEALTH CORP COMMON STOCK 1.80%
- BRISTOL-MYERS SQUIBB CO COMMON STOCK 1.66%
- INTL BUSINESS MACHINES CORP COMMON STOCK 1.58%
- GILEAD SCIENCES INC COMMON STOCK 1.49%
- HP INC COMMON STOCK 1.49%
- JOHNSON JOHNSON COMMON STOCK 1.46%
- KROGER CO COMMON STOCK 1.46%
- AMDOCS LTD COMMON STOCK 1.44%
Asset Allocation
| Weighting | Return Low | Return High | LVAFX % Rank | |
|---|---|---|---|---|
| Stocks | 98.06% | 61.84% | 125.47% | 29.30% |
| Cash | 1.30% | -174.70% | 23.12% | 65.31% |
| Other | 0.65% | -13.98% | 19.14% | 92.29% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 91.74% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 91.30% |
| Bonds | 0.00% | -1.50% | 161.67% | 91.74% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LVAFX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.90% | 0.00% | 38.42% | 24.01% |
| Consumer Defense | 16.62% | 0.00% | 73.28% | 6.50% |
| Technology | 14.96% | 0.00% | 49.87% | 85.02% |
| Healthcare | 14.67% | 0.00% | 35.42% | 42.73% |
| Communication Services | 9.76% | 0.00% | 57.66% | 33.81% |
| Consumer Cyclical | 9.36% | 0.00% | 40.94% | 68.39% |
| Industrials | 6.28% | 0.00% | 44.06% | 87.67% |
| Utilities | 4.77% | 0.00% | 29.12% | 13.55% |
| Energy | 3.29% | 0.00% | 21.15% | 49.01% |
| Real Estate | 1.15% | 0.00% | 39.48% | 53.74% |
| Basic Materials | 0.24% | 0.00% | 38.60% | 80.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LVAFX % Rank | |
|---|---|---|---|---|
| US | 59.29% | 0.13% | 103.82% | 50.44% |
| Non US | 38.76% | 0.58% | 99.46% | 41.63% |
LVAFX - Expenses
Operational Fees
| LVAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.48% | 0.01% | 44.27% | 28.16% |
| Management Fee | 0.60% | 0.00% | 1.82% | 31.29% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.88% |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| LVAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LVAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| LVAFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 395.00% | 27.64% |
LVAFX - Distributions
Dividend Yield Analysis
| LVAFX | Category Low | Category High | LVAFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.94% | 0.00% | 3.26% | 91.47% |
Dividend Distribution Analysis
| LVAFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| LVAFX | Category Low | Category High | LVAFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.70% | -4.27% | 12.65% | 8.64% |
Capital Gain Distribution Analysis
| LVAFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.592 | OrdinaryDividend |
| Dec 22, 2023 | $0.216 | CapitalGainShortTerm |
| Dec 22, 2023 | $0.809 | CapitalGainLongTerm |
| Dec 29, 2022 | $0.244 | OrdinaryDividend |
| Dec 22, 2022 | $0.072 | CapitalGainLongTerm |
| Dec 30, 2021 | $0.339 | OrdinaryDividend |
| Dec 30, 2020 | $0.219 | OrdinaryDividend |
| Dec 30, 2019 | $0.415 | OrdinaryDividend |
| Dec 19, 2019 | $0.426 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.230 | OrdinaryDividend |
| Dec 20, 2018 | $0.012 | CapitalGainShortTerm |
| Dec 20, 2018 | $0.121 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.278 | OrdinaryDividend |
| Dec 20, 2017 | $0.106 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.411 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.168 | OrdinaryDividend |
| Dec 30, 2015 | $0.155 | OrdinaryDividend |
| Dec 18, 2015 | $0.007 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.087 | OrdinaryDividend |
LVAFX - Fund Manager Analysis
Managers
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo
Greg Sleight
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with
Menno Vermeulen
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Menno Vermeulen, CFA, is a Partner, Portfolio Manager and Senior Quantitative Analyst of LSV. Dr. Lakonishok joined LSV in 1994. Vermeulen has more than 21 years of investment experience. At LSV, Mr. Vermeulen has developed and written the software for our quantitative models and portfolio management system. He leads our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Vermeulen is also involved in the research process at LSV. Prior to joining LSV, he worked at ABP
Jason Karceski
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Jason Karceski, Ph.D., has served as a Senior Research Analyst of LSV since 2009, a partner since 2012 and portfolio manager since 2014.
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
