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LSV Emerging Markets Equity Fund
mutual fund
LVAZX
Payout Change
Pending
Price as of:
$12.99
+0.13
+1.01%
primary theme
Emerging Markets Equity
share class
LVAZX (Mutual Fund)
LSV Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$12.99
+0.13
+1.01%
primary theme
Emerging Markets Equity
share class
LVAZX (Mutual Fund)
LSV Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$12.99
+0.13
+1.01%
primary theme
Emerging Markets Equity
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
17.9%
1 yr return
31.4%
3 Yr Avg Return
7.5%
5 Yr Avg Return
10.2%
Net Assets
$24.2 M
Holdings in Top 10
16.3%
52 WEEK LOW AND HIGH
$12.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
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
LVAZX - Profile
Distributions
- YTD Total Return 17.9%
- 3 Yr Annualized Total Return 7.5%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.15%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLSV Emerging Markets Equity Fund
-
Fund Family NameLSV Fund
-
Inception DateJan 17, 2019
-
Shares Outstanding98264
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Sleight
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. The equity securities in which the Fund invests are mainly common stocks, but may also include preferred stocks, 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 $50 million or more at the time of initial purchase.
The Fund considers a company to be an emerging market company if: (i) the company’s primary issue trades on the exchange of an emerging markets country; (ii) the company is organized or maintains its principal place of business in an emerging markets country; or (iii) the company primarily generates its revenues in emerging markets countries. The Fund considers an “emerging market country” to include any country that is included in the MSCI Emerging Markets Index (the “Index”) or that is publicly announced to be added to the Index.
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 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). The investment model selects stocks to buy from the higher-ranked stocks and selects stocks to sell from those whose rankings have decreased, subject to overall risk controls.
LVAZX - Performance
Return Ranking - Trailing
| Period | LVAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -12.5% | 37.0% | 28.29% |
| 1 Yr | 31.4% | -3.2% | 48.3% | 11.76% |
| 3 Yr | 7.5%* | -12.0% | 13.3% | 2.62% |
| 5 Yr | 10.2%* | -3.0% | 12.7% | 6.59% |
| 10 Yr | N/A* | -2.5% | 7.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LVAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.9% | -6.5% | 35.5% | 12.43% |
| 2022 | -15.7% | -50.1% | -2.4% | 6.48% |
| 2021 | 4.7% | -33.1% | 22.5% | 11.13% |
| 2020 | 2.4% | -22.1% | 80.1% | 91.85% |
| 2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
| Period | LVAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.9% | -12.5% | 37.0% | 28.29% |
| 1 Yr | 31.4% | -3.2% | 48.3% | 11.76% |
| 3 Yr | 7.5%* | -12.0% | 13.3% | 2.62% |
| 5 Yr | 10.2%* | -3.0% | 12.7% | 6.59% |
| 10 Yr | N/A* | -2.5% | 7.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LVAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.2% | -2.7% | 42.0% | 8.80% |
| 2022 | -13.1% | -42.2% | 1.9% | 6.92% |
| 2021 | 13.7% | -32.5% | 33.1% | 8.38% |
| 2020 | 5.0% | -20.0% | 81.6% | 92.33% |
| 2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
LVAZX - Holdings
Concentration Analysis
| LVAZX | Category Low | Category High | LVAZX % Rank | |
|---|---|---|---|---|
| Net Assets | 24.2 M | 682 K | 103 B | 88.84% |
| Number of Holdings | 240 | 10 | 7534 | 23.85% |
| Net Assets in Top 10 | 4.69 M | 290 K | 23.8 B | 92.89% |
| Weighting of Top 10 | 16.31% | 2.9% | 100.2% | 95.25% |
Top 10 Holdings
- SAMSUNG ELECTRONICS CO LTD COMMON STOCK 2.59%
- ALIBABA GROUP HOLDING LTD COMMON STOCK 2.59%
- TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK 2.23%
- KIA CORP COMMON STOCK 1.45%
- PETROCHINA CO LTD-H COMMON STOCK 1.37%
- MEDIATEK INC COMMON STOCK 1.32%
- HON HAI PRECISION INDUSTRY COMMON STOCK 1.32%
- BANK OF CHINA LTD-H COMMON STOCK 1.18%
- OIL NATURAL GAS CORP LTD COMMON STOCK 1.13%
- OIL INDIA LTD COMMON STOCK 1.12%
Asset Allocation
| Weighting | Return Low | Return High | LVAZX % Rank | |
|---|---|---|---|---|
| Stocks | 97.03% | 0.00% | 107.82% | 54.39% |
| Preferred Stocks | 1.68% | 0.00% | 13.31% | 32.50% |
| Cash | 1.29% | -2.03% | 16.88% | 63.04% |
| Other | 0.00% | -0.46% | 26.93% | 23.29% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 26.12% |
| Bonds | 0.00% | 0.00% | 88.10% | 33.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LVAZX % Rank | |
|---|---|---|---|---|
| Financial Services | 21.64% | 0.00% | 48.86% | 52.68% |
| Technology | 20.22% | 0.00% | 47.50% | 67.37% |
| Basic Materials | 10.79% | 0.00% | 30.03% | 24.58% |
| Industrials | 10.04% | 0.00% | 43.53% | 15.25% |
| Consumer Cyclical | 7.21% | 0.00% | 48.94% | 92.51% |
| Communication Services | 6.64% | 0.00% | 39.29% | 78.95% |
| Consumer Defense | 6.57% | 0.00% | 25.90% | 40.11% |
| Energy | 5.69% | 0.00% | 24.80% | 29.52% |
| Healthcare | 5.00% | 0.00% | 16.53% | 34.04% |
| Utilities | 4.17% | 0.00% | 39.12% | 9.60% |
| Real Estate | 2.05% | 0.00% | 17.15% | 37.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LVAZX % Rank | |
|---|---|---|---|---|
| Non US | 96.30% | 0.00% | 101.28% | 4.60% |
| US | 0.73% | 0.00% | 100.13% | 95.68% |
LVAZX - Expenses
Operational Fees
| LVAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.09% | 0.03% | 29.98% | 19.02% |
| Management Fee | 1.00% | 0.00% | 2.00% | 76.96% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 29.74% |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| LVAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LVAZX 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.
| LVAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.00% | 189.00% | 13.01% |
LVAZX - Distributions
Dividend Yield Analysis
| LVAZX | Category Low | Category High | LVAZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.88% | 0.00% | 9.74% | 7.11% |
Dividend Distribution Analysis
| LVAZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| LVAZX | Category Low | Category High | LVAZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.15% | -1.98% | 17.62% | 5.50% |
Capital Gain Distribution Analysis
| LVAZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.505 | OrdinaryDividend |
| Dec 29, 2022 | $0.299 | OrdinaryDividend |
| Dec 30, 2021 | $0.332 | OrdinaryDividend |
| Dec 22, 2021 | $0.627 | OrdinaryDividend |
| Dec 30, 2020 | $0.187 | OrdinaryDividend |
| Dec 22, 2020 | $0.086 | OrdinaryDividend |
| Dec 30, 2019 | $0.301 | OrdinaryDividend |
| Dec 19, 2019 | $0.014 | CapitalGainLongTerm |
LVAZX - Fund Manager Analysis
Managers
Greg Sleight
Start Date
Tenure
Tenure Rank
Jan 17, 2019
3.37
3.4%
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.
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Jan 17, 2019
3.37
3.4%
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.
Menno Vermeulen
Start Date
Tenure
Tenure Rank
Jan 17, 2019
3.37
3.4%
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
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Jan 17, 2019
3.37
3.4%
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
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Jan 17, 2019
3.37
3.4%
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
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
