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Trending ETFs

Sprucegrove International Equity Fund

mutual fund
SPRVX
Payout Change
Pending
Price as of:
$74.47 -0.77 -1.02%
primary theme
International Large-Cap Blend Equity
SPRVX (Mutual Fund)

Sprucegrove International Equity Fund

Payout Change
Pending
Price as of:
$74.47 -0.77 -1.02%
primary theme
International Large-Cap Blend Equity
SPRVX (Mutual Fund)

Sprucegrove International Equity Fund

Payout Change
Pending
Price as of:
$74.47 -0.77 -1.02%
primary theme
International Large-Cap Blend Equity

Name

As of 06/14/2024

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

$74.47

$148 M

2.61%

$1.95

1.09%

Vitals

YTD Return

1.3%

1 yr return

3.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

N/A

Net Assets

$148 M

Holdings in Top 10

22.0%

52 WEEK LOW AND HIGH

$75.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$74.47

$148 M

2.61%

$1.95

1.09%

SPRVX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Sprucegrove International Equity Fund
  • Fund Family Name
    Sprucegrove Investment Management
  • Inception Date
    Mar 31, 1986
  • Shares Outstanding
    1191
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Shirley Woo

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. For purposes of the Fund’s 80% investment policy, equity securities include common and preferred stock, warrants and rights, securities convertible into other equity securities, and securities of other investment companies. The Fund may invest in equity securities of companies of any market capitalization.

Under normal market conditions: (i) the Fund will invest in securities of issuers tied economically to at least six different countries excluding the United States; and (ii) substantially all of the Fund’s assets will be invested outside of the United States. The Fund may invest in securities of issuers tied economically to emerging markets, which Sprucegrove Investment Management Ltd. (the “Adviser”), the Fund’s investment adviser, identifies by reference to emerging market countries included in the MSCI EAFE + Emerging Markets Index (“Emerging Markets”).

The Adviser employs a value approach to managing the Fund’s assets, emphasizing long-term investment and focusing on the selection of individual securities using a bottom-up, research driven approach. Country and sector exposures result from this stock-selection process. The Adviser will consider a company for inclusion in the Fund’s portfolio if the company meets the Adviser’s standards of investment quality, including what the Adviser considers to be a history of above average financial performance, a secure financial position, reputable management, and a growth opportunity in terms of sales, earnings, and share price. The Adviser’s valuation criteria include normalized price earnings multiples, price-to-book ratios and dividend yield. The Adviser may sell a security, among other reasons, if it considers the security’s market valuation to be too high, if it develops a less favorable view of the issuer or if it views other opportunities to be more attractive.

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SPRVX - Performance

Return Ranking - Trailing

Period SPRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -3.8% 30.7% 95.19%
1 Yr 3.6% -5.7% 18.5% 93.81%
3 Yr -2.5%* -17.3% 43.2% 91.11%
5 Yr N/A* -34.2% 76.4% 73.92%
10 Yr N/A* -0.6% 15.8% 79.35%

* Annualized

Return Ranking - Calendar

Period SPRVX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -7.3% 22.0% 80.90%
2022 -22.7% -43.6% 71.3% 91.73%
2021 N/A -28.5% 18.9% N/A
2020 N/A -90.1% 992.1% N/A
2019 N/A -1.9% 38.8% N/A

Total Return Ranking - Trailing

Period SPRVX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -3.8% 30.7% 95.19%
1 Yr 3.6% -5.7% 18.5% 93.81%
3 Yr -2.5%* -17.3% 43.2% 91.11%
5 Yr N/A* -34.2% 76.4% 69.12%
10 Yr N/A* -0.6% 15.8% 76.73%

* Annualized

Total Return Ranking - Calendar

Period SPRVX Return Category Return Low Category Return High Rank in Category (%)
2023 17.2% 3.2% 41.4% 37.29%
2022 -15.9% -43.6% 144.8% 52.53%
2021 N/A -22.6% 56.0% N/A
2020 N/A -89.7% 1010.8% N/A
2019 N/A 4.3% 38.8% N/A

NAV & Total Return History


SPRVX - Holdings

Concentration Analysis

SPRVX Category Low Category High SPRVX % Rank
Net Assets 148 M 3.3 M 425 B 81.76%
Number of Holdings 87 1 10659 60.69%
Net Assets in Top 10 33 M 139 K 41 B 83.11%
Weighting of Top 10 22.02% 2.7% 112.8% 57.29%

Top 10 Holdings

  1. CRH PLC COMMON STOCK 2.79%
  2. NITTO DENKO CORP COMMON STOCK 2.45%
  3. SAP SE COMMON STOCK 2.42%
  4. NOVARTIS AG-REG COMMON STOCK 2.27%
  5. RYANAIR HOLDINGS PLC-SP ADR DEPOSITARY RECEIPT 2.17%
  6. IMI PLC COMMON STOCK 2.13%
  7. BERKELEY GROUP HOLDINGS/THE COMMON STOCK 2.02%
  8. SAMSUNG ELECTR-GDR REG S DEPOSITARY RECEIPT 1.94%
  9. FUCHS SE PREFERRED STOCK 1.93%
  10. HSBC HOLDINGS PLC COMMON STOCK 1.90%

Asset Allocation

Weighting Return Low Return High SPRVX % Rank
Stocks
93.99% 0.00% 103.70% 88.19%
Preferred Stocks
3.20% -0.01% 7.80% 3.59%
Cash
2.81% 0.00% 28.70% 32.44%
Other
0.00% -0.18% 42.73% 47.53%
Convertible Bonds
0.00% 0.00% 4.18% 76.36%
Bonds
0.00% -0.92% 73.67% 76.68%

Stock Sector Breakdown

Weighting Return Low Return High SPRVX % Rank
Industrials
20.55% 5.17% 99.49% 9.38%
Consumer Cyclical
18.77% 0.00% 36.36% 1.69%
Basic Materials
17.75% 0.00% 23.86% 1.85%
Financial Services
14.34% 0.00% 47.75% 86.77%
Consumer Defense
6.50% 0.00% 32.29% 88.00%
Healthcare
6.42% 0.00% 21.01% 94.62%
Energy
5.84% 0.00% 16.89% 28.62%
Technology
5.15% 0.00% 36.32% 94.00%
Communication Services
3.29% 0.00% 21.69% 89.69%
Real Estate
0.85% 0.00% 14.59% 67.23%
Utilities
0.55% 0.00% 13.68% 80.92%

Stock Geographic Breakdown

Weighting Return Low Return High SPRVX % Rank
Non US
80.82% 0.00% 101.08% 81.02%
US
13.17% 0.00% 100.07% 21.67%

SPRVX - Expenses

Operational Fees

SPRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.01% 19.62% 45.06%
Management Fee 0.50% 0.00% 1.65% 36.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

SPRVX 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

SPRVX 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.

SPRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 247.00% N/A

SPRVX - Distributions

Dividend Yield Analysis

SPRVX Category Low Category High SPRVX % Rank
Dividend Yield 2.61% 0.00% 25.02% 36.32%

Dividend Distribution Analysis

SPRVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

SPRVX Category Low Category High SPRVX % Rank
Net Income Ratio 2.47% -0.93% 6.38% 18.46%

Capital Gain Distribution Analysis

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

Distributions History

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SPRVX - Fund Manager Analysis

Managers

Shirley Woo


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Ms. Woo was a founding shareholder of Sprucegrove and joined in 1993 as an Assistant Portfolio Manager, specializing in International Equities. In 2001, Ms. Woo was appointed Portfolio Manager and Co-Lead of the International Equities strategy, a role in which she currently holds. Ms. Woo served as Research Director from 2009 to 2011 and was appointed to the Sprucegrove Business Management Committee in 2005 with the responsibility for managing the day to day running of the business. In 2013, Ms. Woo was appointed to the Sprucegrove Board of Directors.

Arjun Kumar


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Mr. Kumar joined Sprucegrove in 2002 as an Investment Analyst, focusing on global equities. In 2010, Mr. Kumar was promoted to Senior Investment Analyst, with a larger role in mentoring and training new Analysts. As an analyst Mr. Kumar’s broad coverage included companies globally, particularly in technology, banking and emerging markets. Mr. Kumar was promoted to Assistant Portfolio Manager in 2013 and in 2014, Mr. Kumar was appointed Portfolio Manager and Co-Lead of the International Equities strategy, a role in which he currently holds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25