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Trending ETFs

Name

As of 03/26/2024

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

$11.00

$31.5 M

0.00%

$0.00

0.78%

Vitals

YTD Return

7.4%

1 yr return

14.6%

3 Yr Avg Return

6.3%

5 Yr Avg Return

6.7%

Net Assets

$31.5 M

Holdings in Top 10

22.7%

52 WEEK LOW AND HIGH

$11.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$11.00

$31.5 M

0.00%

$0.00

0.78%

LSVMX - Profile

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    LSV U.S. MANAGED VOLATILITY FUND
  • Fund Family Name
    LSV Fund
  • Inception Date
    Jun 25, 2014
  • Shares Outstanding
    4201208
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Puneet Mansharamani

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 U.S. 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. 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.

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 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.

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LSVMX - Performance

Return Ranking - Trailing

Period LSVMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -4.5% 22.2% 43.63%
1 Yr 14.6% -5.0% 42.6% 90.03%
3 Yr 6.3%* -2.6% 31.5% 79.51%
5 Yr 6.7%* -0.1% 44.3% 94.95%
10 Yr N/A* 1.3% 24.9% N/A

* Annualized

Return Ranking - Calendar

Period LSVMX Return Category Return Low Category Return High Rank in Category (%)
2023 -11.2% -24.9% 46.1% 99.13%
2022 -12.2% -65.1% 4.6% 50.53%
2021 13.4% -44.2% 57.5% 63.67%
2020 -10.2% -23.2% 285.0% 94.42%
2019 12.3% -21.4% 48.5% 88.22%

Total Return Ranking - Trailing

Period LSVMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -4.5% 22.2% 43.63%
1 Yr 14.6% -5.0% 42.6% 90.03%
3 Yr 6.3%* -2.6% 31.5% 79.51%
5 Yr 6.7%* -0.1% 44.3% 94.95%
10 Yr N/A* 1.3% 24.9% N/A

* Annualized

Total Return Ranking - Calendar

Period LSVMX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -15.9% 46.7% 91.67%
2022 -2.4% -42.0% 8.5% 20.85%
2021 21.3% 3.6% 129.7% 89.28%
2020 -6.7% -22.6% 304.8% 96.75%
2019 23.1% -12.7% 52.1% 76.92%

NAV & Total Return History


LSVMX - Holdings

Concentration Analysis

LSVMX Category Low Category High LSVMX % Rank
Net Assets 31.5 M 93 163 B 92.39%
Number of Holdings 102 2 1689 35.16%
Net Assets in Top 10 6.82 M 420 K 33.9 B 95.63%
Weighting of Top 10 22.74% 5.6% 99.9% 75.26%

Top 10 Holdings

  1. CISCO SYSTEMS INC COMMON STOCK 3.01%
  2. VERIZON COMMUNICATIONS INC COMMON STOCK 2.58%
  3. AMDOCS LTD COMMON STOCK 2.51%
  4. MERCK CO. INC. COMMON STOCK 2.40%
  5. GILEAD SCIENCES INC COMMON STOCK 2.36%
  6. INTL BUSINESS MACHINES CORP COMMON STOCK 2.17%
  7. KROGER CO COMMON STOCK 2.03%
  8. ORACLE CORP COMMON STOCK 2.00%
  9. ATT INC COMMON STOCK 1.85%
  10. COMCAST CORP-CLASS A COMMON STOCK 1.85%

Asset Allocation

Weighting Return Low Return High LSVMX % Rank
Stocks
99.04% 1.86% 108.42% 38.08%
Cash
0.96% -0.79% 38.18% 58.92%
Preferred Stocks
0.00% 0.00% 13.88% 83.70%
Other
0.00% -3.53% 39.72% 81.99%
Convertible Bonds
0.00% 0.00% 3.66% 82.98%
Bonds
0.00% -0.71% 73.23% 83.62%

Stock Sector Breakdown

Weighting Return Low Return High LSVMX % Rank
Technology
18.41% 0.00% 54.02% 8.81%
Healthcare
18.11% 0.00% 30.08% 44.47%
Consumer Defense
16.73% 0.00% 34.10% 4.49%
Financial Services
11.14% 0.00% 58.05% 94.30%
Consumer Cyclical
9.18% 0.00% 22.74% 14.77%
Communication Services
7.59% 0.00% 26.58% 21.76%
Utilities
6.42% 0.00% 27.04% 25.39%
Industrials
6.29% 0.00% 42.76% 91.80%
Energy
2.81% 0.00% 54.00% 93.09%
Real Estate
2.64% 0.00% 90.54% 50.17%
Basic Materials
0.68% 0.00% 21.69% 91.45%

Stock Geographic Breakdown

Weighting Return Low Return High LSVMX % Rank
US
95.56% 1.86% 108.42% 70.67%
Non US
3.48% 0.00% 27.89% 19.04%

LSVMX - Expenses

Operational Fees

LSVMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 17.54% 64.40%
Management Fee 0.45% 0.00% 1.50% 25.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LSVMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

LSVMX 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.

LSVMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 488.00% 13.21%

LSVMX - Distributions

Dividend Yield Analysis

LSVMX Category Low Category High LSVMX % Rank
Dividend Yield 0.00% 0.00% 36.55% 0.26%

Dividend Distribution Analysis

LSVMX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Semi-Annually

Net Income Ratio Analysis

LSVMX Category Low Category High LSVMX % Rank
Net Income Ratio 2.21% -1.51% 4.28% 9.48%

Capital Gain Distribution Analysis

LSVMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

LSVMX - 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.

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.

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

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

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42