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Trending ETFs

Lyrical International Value Equity Fund

mutual fund
LYRNX
Payout Change
Pending
Price as of:
$12.49 -0.07 -0.56%
primary theme
International Large-Cap Value Equity
LYRNX (Mutual Fund)

Lyrical International Value Equity Fund

Payout Change
Pending
Price as of:
$12.49 -0.07 -0.56%
primary theme
International Large-Cap Value Equity
LYRNX (Mutual Fund)

Lyrical International Value Equity Fund

Payout Change
Pending
Price as of:
$12.49 -0.07 -0.56%
primary theme
International Large-Cap Value Equity

Name

As of 10/07/2024

Price

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

$12.49

$12.6 M

1.04%

$0.13

5.99%

Vitals

YTD Return

5.7%

1 yr return

18.2%

3 Yr Avg Return

1.3%

5 Yr Avg Return

N/A

Net Assets

$12.6 M

Holdings in Top 10

47.1%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

Price

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

$12.49

$12.6 M

1.04%

$0.13

5.99%

LYRNX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Lyrical International Value Equity Fund
  • Fund Family Name
    Lyrical
  • Inception Date
    Jul 04, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Mullins

Fund Description

The International Fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stocks of mid-capitalization and large-capitalization companies with low valuations relative to their long-term normalized earnings (i.e. projected earnings adjusted to smooth out cyclical effects in the economy).

Under normal circumstances, the International Fund will invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks traded on non-U.S. international developed market securities exchanges. The Adviser defines mid-capitalization companies as companies with a total market capitalization of between $2 and $10 billion at the time of purchase and large-capitalization companies as companies with a total market capitalization of greater than $10 billion at the time of purchase. Developed markets are those classified as such by Morgan Stanley Capital International (“MSCI”).

The Adviser generates an initial pool of potential undervalued investment candidates from among the top 1,500 companies traded in international developed markets (ranked by capitalization) by using a proprietary screening process that looks at historical earnings and estimated future earnings to estimate a fair price for the stock of a company. Each investment candidate then goes through an extensive fundamental research process that has two objectives. First, the Adviser seeks to develop an in-depth understanding of the company’s business, including, without limitation, drivers of growth and profitability, position relative to competitors and competitive advantages, position and leverage with customers and suppliers, historical and potential business threats and opportunities, and management style, objectives and incentives. This process may include, without limitation, financial statements analysis, study of competitors, customers and suppliers, discussions with company management, review of past earnings calls and investor presentations, and some use of research from brokerage firms and independent research firms. Second, the Adviser seeks to understand why the stock of the investment candidate may be undervalued, to determine if the factors depressing the value of the stock are temporary or permanent. The Adviser seeks to make that determination by applying an in-depth understanding of the business and, as necessary, performing additional analysis specific to each company.

At the conclusion of the research/due diligence process, the Adviser seeks to include in the International Fund’s portfolio businesses believed to be sufficiently undervalued and of sufficient quality and durability to compensate for the investment risks.

The Adviser sets a target price for each stock in the portfolio that is updated periodically, and when a stock reaches or exceeds its target price, the Adviser’s strategy typically requires that the stock be sold. A stock position may also be sold when the Adviser believes other investment opportunities are more attractive or that the stock is unlikely to benefit from current business, market or economic conditions.

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LYRNX - Performance

Return Ranking - Trailing

Period LYRNX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.9% 19.9% 95.11%
1 Yr 18.2% 6.0% 32.2% 88.93%
3 Yr 1.3%* -1.5% 81.0% 95.41%
5 Yr N/A* 1.7% 48.5% N/A
10 Yr N/A* 0.6% 23.2% N/A

* Annualized

Return Ranking - Calendar

Period LYRNX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% 1.0% 26.9% 61.86%
2022 -15.4% -27.8% 166.1% 79.42%
2021 9.2% -66.6% 64.4% 32.68%
2020 N/A -23.1% 17.3% N/A
2019 N/A 4.4% 31.6% N/A

Total Return Ranking - Trailing

Period LYRNX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 0.9% 19.9% 95.11%
1 Yr 18.2% 6.0% 32.2% 88.93%
3 Yr 1.3%* -1.5% 81.0% 95.41%
5 Yr N/A* 1.7% 48.5% N/A
10 Yr N/A* 0.6% 23.2% N/A

* Annualized

Total Return Ranking - Calendar

Period LYRNX Return Category Return Low Category Return High Rank in Category (%)
2023 13.0% 5.4% 31.0% 88.78%
2022 -12.9% -19.9% 344.3% 78.78%
2021 15.4% -0.2% 75.3% 17.65%
2020 N/A -20.4% 18.9% N/A
2019 N/A 11.2% 32.1% N/A

NAV & Total Return History


LYRNX - Holdings

Concentration Analysis

LYRNX Category Low Category High LYRNX % Rank
Net Assets 12.6 M 2.04 M 46.7 B 97.44%
Number of Holdings 31 2 2513 96.81%
Net Assets in Top 10 6.24 M 435 K 13.8 B 96.49%
Weighting of Top 10 47.11% 7.2% 100.0% 5.13%

Top 10 Holdings

  1. AerCap Holdings N.V. 5.25%
  2. Suncor Energy, Inc. 5.13%
  3. Exor N.V. 4.94%
  4. Euronext N.V. 4.92%
  5. Rexel S.A. 4.88%
  6. Bollore 4.66%
  7. Ashtead Group plc 4.61%
  8. Samsung Electronics Co. Ltd. - GDR 4.35%
  9. Nintendo Company Ltd. ADR 4.33%
  10. Johnson Controls International plc 4.03%

Asset Allocation

Weighting Return Low Return High LYRNX % Rank
Stocks
94.52% 7.74% 105.58% 91.05%
Preferred Stocks
3.79% 0.00% 4.41% 0.96%
Cash
1.69% 0.00% 13.78% 55.59%
Other
0.00% -0.05% 43.33% 84.03%
Convertible Bonds
0.00% 0.00% 0.15% 69.97%
Bonds
0.00% 0.00% 81.81% 72.52%

Stock Sector Breakdown

Weighting Return Low Return High LYRNX % Rank
Industrials
36.79% 1.03% 36.79% 0.65%
Consumer Cyclical
17.93% 0.00% 27.46% 10.97%
Communication Services
13.06% 0.29% 22.75% 5.48%
Technology
12.94% 0.00% 24.16% 9.03%
Financial Services
10.78% 0.00% 42.76% 93.87%
Energy
5.44% 0.00% 26.59% 67.10%
Basic Materials
3.07% 0.00% 30.76% 94.84%
Utilities
0.00% 0.00% 27.46% 97.10%
Real Estate
0.00% 0.00% 17.06% 92.26%
Healthcare
0.00% 0.00% 23.28% 100.00%
Consumer Defense
0.00% 0.00% 31.84% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High LYRNX % Rank
Non US
68.60% 0.00% 99.55% 93.93%
US
25.93% 0.00% 100.40% 4.47%

LYRNX - Expenses

Operational Fees

LYRNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.99% 0.01% 5.99% 0.32%
Management Fee 0.85% 0.00% 1.25% 87.18%
12b-1 Fee 0.25% 0.00% 1.00% 57.62%
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

LYRNX 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% 1.00% N/A

Trading Fees

LYRNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

LYRNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 158.16% N/A

LYRNX - Distributions

Dividend Yield Analysis

LYRNX Category Low Category High LYRNX % Rank
Dividend Yield 1.04% 0.00% 13.19% 96.79%

Dividend Distribution Analysis

LYRNX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

LYRNX Category Low Category High LYRNX % Rank
Net Income Ratio 0.52% 0.18% 7.85% 99.02%

Capital Gain Distribution Analysis

LYRNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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LYRNX - Fund Manager Analysis

Managers

John Mullins


Start Date

Tenure

Tenure Rank

Mar 02, 2020

2.25

2.3%

John Mullins is a Portfolio Manager since December 2021 and joined Lyrical in February 2017 as Senior Research Analyst. Prior to Lyrical, Mr. Mullins served as a Senior Analyst at Clearfield Capital Management from May 2016 to January 2017 and as an Analyst at Elm Ridge Capital from September 2014 to April 2016. He has worked as an analyst at Orbis Investment Management. Mr. Mullins graduated cum laude and with distinction from Yale University and received an MBA from the Stanford Graduate School of Business.

Dan Kaskawits


Start Date

Tenure

Tenure Rank

Mar 02, 2020

2.25

2.3%

Dan Kaskawits is a portfolio manager of Lyrical Asset Management LP. Mr. Kaskawits has joined the Lyrical Asset Management LPr in 2018. Prior to thisr, Mr. Kaskawits served as an Analyst with Elm Ridge Capital starting in 2011. Mr. Kaskawits graduated with a B.S., Management from Tulane University and received an MBA from Columbia Business School. Mr. Kaskawits has earned the right to use the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 29.68 7.77 0.54