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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

$24.99

$679 M

0.20%

$0.05

1.74%

Vitals

YTD Return

9.8%

1 yr return

42.5%

3 Yr Avg Return

8.4%

5 Yr Avg Return

12.3%

Net Assets

$679 M

Holdings in Top 10

48.4%

52 WEEK LOW AND HIGH

$25.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

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

$24.99

$679 M

0.20%

$0.05

1.74%

LYRBX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 12.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.12%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Lyrical U.S. Value Equity Fund
  • Fund Family Name
    Lyrical
  • Inception Date
    Feb 04, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Wellington

Fund Description

The U.S. Fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stock 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 U.S. Fund will invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks traded on a United States (“U.S.”) securities exchange. Lyrical Asset Management LP (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.

The Adviser generates an initial pool of potential undervalued investment candidates from among the top 1,000 companies traded in the U.S. (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 U.S. 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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LYRBX - Performance

Return Ranking - Trailing

Period LYRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -1.9% 15.0% 4.28%
1 Yr 42.5% -0.3% 42.9% 0.53%
3 Yr 8.4%* -2.7% 16.7% 21.95%
5 Yr 12.3%* 0.2% 17.7% 16.10%
10 Yr 8.7%* 0.5% 12.4% 27.91%

* Annualized

Return Ranking - Calendar

Period LYRBX Return Category Return Low Category Return High Rank in Category (%)
2023 27.0% -11.3% 33.3% 1.88%
2022 -21.6% -41.6% 2.3% 89.16%
2021 29.8% -41.5% 44.9% 13.32%
2020 7.8% -29.0% 22.1% 7.46%
2019 20.0% -8.1% 31.2% 64.67%

Total Return Ranking - Trailing

Period LYRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -1.9% 15.0% 4.28%
1 Yr 42.5% -0.3% 42.9% 0.53%
3 Yr 8.4%* -2.7% 16.7% 21.95%
5 Yr 12.3%* 0.2% 17.7% 16.10%
10 Yr 8.7%* 0.5% 12.4% 27.91%

* Annualized

Total Return Ranking - Calendar

Period LYRBX Return Category Return Low Category Return High Rank in Category (%)
2023 27.2% -3.7% 36.5% 2.41%
2022 -17.6% -35.0% 2.4% 98.64%
2021 29.8% 6.2% 48.3% 40.76%
2020 8.4% -22.9% 23.2% 11.05%
2019 23.1% -3.0% 35.7% 81.77%

NAV & Total Return History


LYRBX - Holdings

Concentration Analysis

LYRBX Category Low Category High LYRBX % Rank
Net Assets 679 M 991 K 26.1 B 57.60%
Number of Holdings 34 8 2481 96.27%
Net Assets in Top 10 273 M 219 K 4.14 B 40.00%
Weighting of Top 10 48.36% 5.0% 104.2% 5.07%

Top 10 Holdings

  1. Uber Technologies, Inc. 6.93%
  2. United Rentals, Inc. 6.86%
  3. Fidelity National Information Services, Inc. 5.14%
  4. Ameriprise Financial, Inc. 4.65%
  5. Expedia Group, Inc. 4.53%
  6. Broadcom, Inc. 4.47%
  7. Suncor Energy, Inc. 4.39%
  8. Global Payments, Inc. 4.02%
  9. Celanese Corporation 3.69%
  10. Cigna Group (The) 3.68%

Asset Allocation

Weighting Return Low Return High LYRBX % Rank
Stocks
99.59% 56.38% 104.81% 19.47%
Cash
0.99% 0.00% 43.98% 62.13%
Preferred Stocks
0.00% 0.00% 5.43% 79.73%
Other
0.00% -1.97% 8.33% 81.60%
Convertible Bonds
0.00% 0.00% 0.02% 79.09%
Bonds
0.00% 0.00% 27.69% 80.27%

Stock Sector Breakdown

Weighting Return Low Return High LYRBX % Rank
Technology
30.07% 0.00% 30.07% 0.54%
Industrials
14.75% 0.00% 29.02% 56.84%
Consumer Cyclical
14.70% 0.00% 29.62% 13.14%
Financial Services
13.87% 0.00% 60.11% 87.94%
Healthcare
13.18% 0.00% 32.47% 15.28%
Energy
5.97% 0.00% 29.17% 75.34%
Communication Services
3.34% 0.00% 19.80% 37.80%
Utilities
2.52% 0.00% 24.69% 83.91%
Basic Materials
1.59% 0.00% 23.88% 95.98%
Real Estate
0.00% 0.00% 40.74% 98.93%
Consumer Defense
0.00% 0.00% 33.79% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High LYRBX % Rank
US
99.59% 56.38% 104.81% 17.33%
Non US
0.00% 0.00% 33.98% 86.13%

LYRBX - Expenses

Operational Fees

LYRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.01% 16.92% 13.33%
Management Fee 0.85% 0.00% 1.20% 90.40%
12b-1 Fee 0.25% 0.00% 1.00% 56.28%
Administrative Fee N/A 0.01% 0.40% 42.02%

Sales Fees

LYRBX 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% 4.00% N/A

Trading Fees

LYRBX 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.

LYRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 227.00% 5.28%

LYRBX - Distributions

Dividend Yield Analysis

LYRBX Category Low Category High LYRBX % Rank
Dividend Yield 0.20% 0.00% 22.83% 89.57%

Dividend Distribution Analysis

LYRBX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Monthly SemiAnnual

Net Income Ratio Analysis

LYRBX Category Low Category High LYRBX % Rank
Net Income Ratio -0.12% -1.84% 4.73% 94.09%

Capital Gain Distribution Analysis

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

Distributions History

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LYRBX - Fund Manager Analysis

Managers

Andrew Wellington


Start Date

Tenure

Tenure Rank

Feb 04, 2013

9.32

9.3%

Andrew Wellington co-founded Lyrical Asset Management and serves as the firm’s Chief Investment Officer and Strategy Architect. Mr. Wellington has been involved with active portfolio management for almost twenty years. He was a founding member of Pzena Investment Management, where he was the original equity research analyst, and later became a principal and portfolio manager. He then went on to Neuberger Berman where he became the sole portfolio manager for their institutional mid‐cap value product, growing that product from $1 billion to $3.3 billion in AUM, and earning a five-star Morningstar rating. He also was a managing director at New Mountain Capital, where he played a key role in establishing and managing the $1.2 billion New Mountain Vantage Fund, a value‐oriented, long‐only, activist hedge fund. Early in his career Mr. Wellington worked as a management consultant at Booz Allen & Hamilton and First Manhattan Consulting Group. Mr. Wellington graduated summa cum laude from the University of Pennsylvania’s Management & Technology Program, earning both a Bachelor of Science from the Wharton School and a Bachelor of Science from the School of Engineering.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.28 10.92