ICDBX: Ivy Pzena International Value B

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ICDBX Ivy Pzena International Value B


Profile

ICDBX - Profile

Vitals

  • YTD Return -9.3%
  • 3 Yr Annualized Return -6.6%
  • 5 Yr Annualized Return -4.1%
  • Net Assets $262 M
  • Holdings in Top 10 29.7%

52 WEEK LOW AND HIGH

$12.72
$11.87
$14.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.39%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 85.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 01, 2014
  • Standard (Taxable) $750
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -9.3%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ivy Pzena International Value Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Allison Fisch

Fund Description

The fund invests at least 80% of its net assets in equity securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States. It generally invests up to 10% of its portfolio in emerging markets. The fund primarily invests in common stocks.


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Categories

Performance

ICDBX - Performance

Return Ranking - Trailing

Period ICDBX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -13.6% 0.3% 71.92%
1 Yr -5.6% -14.6% 11.3% 67.21%
3 Yr -6.6%* -9.7% 5.2% 97.79%
5 Yr -4.1%* -7.3% 21.8% 91.52%
10 Yr 1.1%* -4.0% 12.2% 38.97%

* Annualized

Return Ranking - Calendar

Period ICDBX Return Category Return Low Category Return High Rank in Category (%)
2019 13.5% 1.8% 20.3% 58.12%
2018 -27.9% -35.7% -7.4% 97.94%
2017 14.7% 8.4% 27.7% 87.36%
2016 10.7% -9.2% 208.8% 4.51%
2015 -12.6% -27.8% 5.1% 87.27%

Total Return Ranking - Trailing

Period ICDBX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -13.6% 0.3% 71.92%
1 Yr -5.6% -14.6% 11.3% 67.21%
3 Yr -2.2%* -9.7% 4.7% 79.34%
5 Yr -1.4%* -7.3% 26.1% 64.73%
10 Yr 2.5%* -4.0% 16.4% 46.32%

* Annualized

Total Return Ranking - Calendar

Period ICDBX Return Category Return Low Category Return High Rank in Category (%)
2019 13.5% 1.8% 20.3% 58.12%
2018 -17.4% -35.7% -6.2% 41.58%
2017 14.7% 10.5% 30.2% 92.94%
2016 10.7% -7.3% 219.6% 9.43%
2015 -12.6% -26.3% 6.0% 91.82%

NAV & Total Return History


Holdings

ICDBX - Holdings

Concentration Analysis

ICDBX Category Low Category High ICDBX % Rank
Net Assets 262 M 1.78 M 47.5 B 62.89%
Number of Holdings 66 1 2944 78.30%
Net Assets in Top 10 82.7 M -83.9 M 14.5 B 54.09%
Weighting of Top 10 29.73% 10.2% 100.0% 22.86%

Top 10 Holdings

  1. Hitachi Metals Ltd 3.57%
  2. Enel SpA 3.29%
  3. A. P. Moller Maersk A/S B 3.24%
  4. Schneider Electric SE 3.14%
  5. Roche Holding AG Dividend Right Cert. 3.11%
  6. Rexel SA 3.11%
  7. Honda Motor Co Ltd 2.96%
  8. Volkswagen AG Participating Preferred 2.52%
  9. Inpex Corp 2.48%
  10. Sainsbury (J) PLC 2.31%

Asset Allocation

Weighting Return Low Return High ICDBX % Rank
Stocks
99.40% 58.66% 100.64% 30.19%
Cash
0.60% -88.17% 41.35% 67.61%
Preferred Stocks
0.00% 0.00% 0.76% 61.64%
Other
0.00% -0.13% 10.92% 64.15%
Convertible Bonds
0.00% 0.00% 2.34% 56.92%
Bonds
0.00% 0.00% 73.87% 58.81%

Stock Sector Breakdown

Weighting Return Low Return High ICDBX % Rank
Financial Services
26.01% 0.00% 37.16% 27.04%
Industrials
16.34% 0.00% 27.06% 38.36%
Energy
10.49% 0.00% 93.48% 23.90%
Consumer Cyclical
8.68% 0.00% 22.82% 58.81%
Basic Materials
8.27% 0.00% 37.15% 34.28%
Consumer Defense
6.67% 0.00% 38.28% 60.06%
Communication Services
6.27% 0.00% 26.28% 66.04%
Healthcare
6.05% 0.00% 19.88% 87.42%
Technology
5.70% 0.00% 15.84% 62.26%
Utilities
5.52% 0.00% 31.44% 13.21%
Real Estate
0.00% 0.00% 6.60% 93.71%

Stock Geographic Breakdown

Weighting Return Low Return High ICDBX % Rank
Non US
98.89% 59.04% 100.29% 15.41%
US
0.51% -0.38% 18.23% 66.04%

Expenses

ICDBX - Expenses

Operational Fees

ICDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.39% 0.01% 14.60% 5.81%
Management Fee 1.00% 0.00% 1.30% 88.29%
12b-1 Fee 1.00% 0.00% 1.00% 91.91%
Administrative Fee N/A 0.01% 0.50% 6.21%

Sales Fees

ICDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 5.00% 1.00% 5.00% 5.41%

Trading Fees

ICDBX 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.

ICDBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 2.00% 366.00% 79.87%

Distributions

ICDBX - Distributions

Dividend Yield Analysis

ICDBX Category Low Category High ICDBX % Rank
Dividend Yield 0.00% 0.00% 4.91% 66.67%

Dividend Distribution Analysis

ICDBX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ICDBX Category Low Category High ICDBX % Rank
Net Income Ratio -0.68% -0.74% 7.53% 99.68%

Capital Gain Distribution Analysis

ICDBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

ICDBX - Fund Manager Analysis

Managers

Allison Fisch


Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.5

1.5%

Allison Fisch, Principal and Portfolio Manager. Ms. Fisch is a co-portfolio manager for the International and Emerging Markets strategies, along with the Global Best Ideas service. Ms. Fisch became a member of the firm in 2001. Prior to joining Pzena Investment Management, Ms. Fisch was a business analyst at McKinsey & Company.  She earned a B.A. summa cum laude in Psychology and a minor in Drama from Dartmouth College. At Dartmouth, Ms. Fisch was a member of the Phi Beta Kappa and Psi Chi national honor societies.

Caroline Cai


Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.5

1.5%

Caroline Cai, CFA, Managing Principal, Portfolio Manager, and member of the firm’s Executive Committee. Ms. Cai is a co-portfolio manager for the Global, International, European and Emerging Markets strategies, and the Financial Opportunities service. Ms. Cai became a member of the firm in 2004. Prior to joining Pzena Investment Management, Ms. Cai was a senior analyst at AllianceBernstein LLP, and a business analyst at McKinsey & Company. She earned a B.A. summa cum laude in Math and Economics from Bryn Mawr College. Ms. Cai holds the Chartered Financial Analyst designation.

John Goetz


Start Date

Tenure

Tenure Rank

Jul 31, 2018

1.5

1.5%

John P. Goetz, Managing Principal, Co-Chief Investment Officer, Portfolio Manager, and member of the firm’s Executive Committee. Mr. Goetz is a co-portfolio manager for the Global, International, European, Emerging Markets and Japan Focused Value strategies. Prior to joining Pzena Investment Management in 1996, Mr. Goetz held a range of key positions at Amoco Corporation. and The Northern Trust Company and Bank of America. He earned a B.A. summa cum laude in Mathematics and Economics from Wheaton College and an M.B.A from the Kellogg School at Northwestern University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 26.65 6.57 0.92