ARGA INTERNATIONAL VALUE FUND
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.1%
1 yr return
13.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$9.99 M
Holdings in Top 10
33.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 6.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ARVIX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
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Legal NameARGA INTERNATIONAL VALUE FUND
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Fund Family NameARGA Investment Management
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Inception DateJun 03, 2021
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Shares OutstandingN/A
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Share ClassInstl
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CurrencyUSD
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Domiciled CountryUS
Fund Description
Under normal circumstances, the Fund invests primarily in equity securities of companies located in any part of the world and in other instruments, such as shares of exchange-traded funds (“ETFs”), that have economic characteristics similar to such securities.
The Fund mainly invests in common stocks, but may also invest in depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), preferred stocks, participation notes (“P-Notes”), private placements, ETFs and real estate investment trusts (“REITs”). Depositary receipts are certificates typically issued
by a bank or trust company that represent ownership interests in securities of non-U.S. companies. Typically, the Fund invests in securities of companies with a market capitalization of at least $1 billion. The Fund may invest in securities denominated in any currency.
Under normal market conditions, the Fund will invest in at least three countries, including the United States, and at least 40% of its assets will be invested in non-U.S. companies, in both developed and emerging market countries. The Fund considers a company to be a non-U.S. company if any of the following apply: (1) the company’s principal securities trading market is in a non-U.S. country; (2) while traded in any market, alone or on a consolidated basis, the company derives 50% or more of its business, revenues or profits from non-U.S. countries; (3) the company has 50% or more of its assets, employees or operations located in non-U.S. countries; or (4) the company is organized under the laws of, or has a principal office in, a non-U.S. country. The Adviser has discretion to determine which countries are “emerging market countries,” although those classified by Morgan Stanley Capital International (“MSCI”) as emerging market countries typically will be included, together with other countries deemed by the Adviser to be at a similar stage of economic development as such countries. From time to time, the Fund may focus its investments in a particular country, geographic region or sector. The Fund may invest in A-Shares of companies based in the People’s Republic of China (“China”) that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.
In seeking to achieve the Fund’s investment objective, the Adviser utilizes a “value style” of investing. The Adviser believes that investors overreact to short-term developments in companies, leading to opportunities to generate gains as the companies recover. The Adviser’s valuation-focused process uses a dividend discount model to select stocks that trade at a discount to intrinsic value based on a company’s long-term earnings power and dividend-paying capability.
In selecting securities to buy for the Fund, the Adviser combines quantitative screens with fundamental research. The Adviser first filters the Fund’s universe of investable companies to companies with market capitalization of generally at least $1 billion. The Adviser’s quantitative screens then rank this filtered group of companies on
key value metrics, including price-to-consensus forecast earnings, price-to-book value, dividend yield and normalized earnings yields (adjusted for return on invested capital). The Adviser then generally prioritizes the top 20% of the ranked companies for research. This enables the Adviser to focus its analysis on a “buy universe” of companies that appear statistically undervalued. Fundamental research is then used to develop fundamental forecasts to estimate long-term earnings power and dividend paying capability of the companies, such as revenue growth rates and operating margins. The research also considers various economic and company-specific scenarios that may affect these fundamental forecasts. These forecasts are then inputted in the Adviser’s dividend discount model, which estimates the present value of future forecast dividend payments by discounting them at an appropriate interest rate. In other words, the Adviser’s dividend discount model estimates what these forecasted dividend payments are worth in today’s dollars. The Adviser then selects securities from the buy universe that the Adviser perceives as trading at a discount to intrinsic value as estimated by the dividend discount model. Generally, the more attractive the Adviser views the valuation upside, after taking into consideration potential risks, the larger the position size.
Further, the Adviser’s value investing approach integrates environmental, social and governance (“ESG”) considerations across the investment decision-making process for the Fund. The Adviser uses a proprietary global ESG scoring framework to identify and measure ESG risks and opportunities presented by issuers as part of the Adviser’s initial research process and ongoing evaluation after purchasing the issuer’s security.
The Adviser will generally sell a security when it moves into the bottom half of the buy universe on valuation and has a relatively low expected return to intrinsic value. Additionally, the Adviser may sell a security if its fundamentals deteriorate or if the Adviser identifies another security that the Adviser believes has a relatively more attractive discount to intrinsic value.
ARVIX - Performance
Return Ranking - Trailing
Period | ARVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -11.9% | 9.8% | 20.03% |
1 Yr | 13.0% | -13.6% | 30.1% | 13.13% |
3 Yr | N/A* | -24.9% | 7.2% | N/A |
5 Yr | N/A* | -8.7% | 10.6% | N/A |
10 Yr | N/A* | -3.1% | 6.1% | 78.38% |
* Annualized
Return Ranking - Calendar
Period | ARVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.7% | -6.5% | 35.5% | 3.52% |
2022 | -7.3% | -50.1% | -2.4% | 0.84% |
2021 | N/A | -33.1% | 22.5% | N/A |
2020 | N/A | -22.1% | 80.1% | N/A |
2019 | N/A | -0.7% | 42.0% | 32.85% |
Total Return Ranking - Trailing
Period | ARVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -11.9% | 9.8% | 20.03% |
1 Yr | 13.0% | -13.6% | 30.1% | 13.13% |
3 Yr | N/A* | -24.9% | 7.2% | N/A |
5 Yr | N/A* | -8.7% | 10.6% | N/A |
10 Yr | N/A* | -3.1% | 6.1% | 86.03% |
* Annualized
Total Return Ranking - Calendar
Period | ARVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.1% | -2.7% | 42.0% | 4.74% |
2022 | -3.9% | -42.2% | 1.9% | 0.70% |
2021 | N/A | -32.5% | 33.1% | N/A |
2020 | N/A | -20.0% | 81.6% | N/A |
2019 | N/A | 2.3% | 42.0% | 39.35% |
NAV & Total Return History
ARVIX - Holdings
Concentration Analysis
ARVIX | Category Low | Category High | ARVIX % Rank | |
---|---|---|---|---|
Net Assets | 9.99 M | 682 K | 103 B | 94.78% |
Number of Holdings | 73 | 10 | 7049 | 67.20% |
Net Assets in Top 10 | 3.29 M | 118 K | 19.2 B | 94.38% |
Weighting of Top 10 | 32.98% | 0.7% | 122.2% | 52.01% |
Top 10 Holdings
- ACCOR SA COMMON STOCK 4.56%
- ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT 3.86%
- NITORI HOLDINGS CO LTD COMMON STOCK 3.22%
- NXP SEMICONDUCTORS NV COMMON STOCK 3.22%
- HOLCIM LTD COMMON STOCK 3.21%
- LAS VEGAS SANDS CORP COMMON STOCK 3.09%
- SAMSUNG ELECTRONICS CO LTD COMMON STOCK 3.09%
- PETROLEO BRASILEIRO SA PREFERRED STOCK 3.06%
- PRUDENTIAL PLC COMMON STOCK 2.83%
- BANCO SANTANDER SA COMMON STOCK 2.83%
Asset Allocation
Weighting | Return Low | Return High | ARVIX % Rank | |
---|---|---|---|---|
Stocks | 93.99% | 0.00% | 103.65% | 79.92% |
Preferred Stocks | 5.62% | 0.00% | 10.09% | 5.76% |
Cash | 0.39% | -2.03% | 99.29% | 83.80% |
Other | 0.00% | -1.64% | 50.31% | 24.10% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | N/A |
Bonds | 0.00% | 0.00% | 94.30% | 93.17% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ARVIX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 39.12% | N/A |
Technology | 0.00% | 0.00% | 47.50% | N/A |
Real Estate | 0.00% | 0.00% | 17.15% | N/A |
Industrials | 0.00% | 0.00% | 43.53% | N/A |
Healthcare | 0.00% | 0.00% | 16.53% | N/A |
Financial Services | 0.00% | 0.00% | 48.86% | N/A |
Energy | 0.00% | 0.00% | 24.80% | N/A |
Communication Services | 0.00% | 0.00% | 39.29% | N/A |
Consumer Defense | 0.00% | 0.00% | 25.90% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 48.94% | N/A |
Basic Materials | 0.00% | 0.00% | 30.03% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ARVIX % Rank | |
---|---|---|---|---|
Non US | 77.45% | 0.00% | 100.18% | 73.90% |
US | 16.54% | 0.00% | 101.58% | 30.52% |
ARVIX - Expenses
Operational Fees
ARVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 6.39% | 0.03% | 24.48% | 2.69% |
Management Fee | 0.60% | 0.00% | 2.00% | 14.75% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.92% |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
ARVIX 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
ARVIX 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.
ARVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 189.00% | N/A |
ARVIX - Distributions
Dividend Yield Analysis
ARVIX | Category Low | Category High | ARVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.29% | 72.96% |
Dividend Distribution Analysis
ARVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
ARVIX | Category Low | Category High | ARVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.98% | 17.62% | N/A |
Capital Gain Distribution Analysis
ARVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.116 | OrdinaryDividend |
Dec 30, 2022 | $0.313 | OrdinaryDividend |
Dec 15, 2021 | $0.002 | OrdinaryDividend |