This video should not be construed as an offer to sell or a solicitation of an offer to buy securities or any product mentioned in this video. This video does not constitute investment advice and should not be viewed as a recommendation to adopt any investment strategy.
|Total Returns as of 6/30/20||1 Year||5 Year*||10 Year*||Since Inception* (10/1/08)|
|IVA Worldwide Fund A (no load)||-9.20%||1.26%||4.67%||6.07%|
|IVA Worldwide Fund A (with load)||-13.75%||0.24%||4.14%||5.61%|
|IVA Worldwide Fund I||-8.98%||1.51%||4.93%||6.33%|
|MSCI All Country World Index||2.11%||6.46%||9.16%||7.25%|
*Annualized; Inception Date 10/01/08
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Returns are shown net of fees and expenses and assume reinvestment of dividends and other income. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. To obtain performance information current to the most recent month- end, please call 1-866-941-4482.The fund recently experienced significant negative short-term performance due to market volatility associated with the COVID-19 pandemic
As of the most recent prospectus, the expense ratios for the fund are as follows: IVA Worldwide Fund: 1.16% (A shares), 0.91% (I shares); Maximum sales charge for the A shares is 5.00%. Amounts redeemed within 30 days of purchase are subject to a 2.00% fee.
As of June 30, 2020, the IVA Worldwide Fund’s top 10 holdings were: Berkshire Hathaway, Inc. Class A; Class B (5.6%); Astellas Pharma, Inc. (3.1%); Bayerische Motoren Werke AG (2.9%); LKQ Corp. (2.7%); Compagnie Financiere Richemont SA (2.4%); Newmont Corporation (2.3%); H.U. Group Holdings, Inc. (2.1%); Bureau Veritas SA (2.0%); Western Union Company (1.8%); Rohto Pharmaceutical Co., Ltd. (1.8%).
As of 6/30/20, the 30-day SEC yield for the IVA Worldwide was 0.83% for the I shares and 0.55% for the A shares.
MSCI All Country World Index (Net) is an unmanaged index consisting of 49 country indices comprised of 23 developed and 26 emerging market country indices and is calculated with dividends reinvested after deduction of withholding tax. The Index is a trademark of MSCI Inc. and is not available for direct investment.
Yield to Maturity represents the total return on a bond if it is held until it matures.
The 30-day SEC yield is a calculation based on a 30-day period ending on the last day of the previous month and is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period.
Economic and Market Events Risk: The impact of the outbreak of a novel coronavirus may be short term or may last for an extended period of time, result in a substantial economic downturn and could negatively affect the worldwide economy. Any such impact could adversely affect the Fund and may lead to losses on your investment in the Fund.
Effective July 13, 2020, Chuck de Lardemelle is no longer portfolio manager of the IVA Funds. Charles de Vaulx is the sole portfolio manager of the funds and is the Chief Investment Officer of IVA, the funds’ adviser.
The “Fund of the Year” is an Absolute Return Award that identifies the best performing U.S. hedge fund managers based on risk adjusted returns as tracked by Hedge Fund Intelligence. To be considered, funds firs need to have at least $500 million in assets. Qualifying funds have the highest returns and Sharpe ratios, with the winner having the highest return and a Sharpe ration within 25% of the best qualifying ratios. No fee is paid to participate in the selection and the rating not indicative of future performance.
The criteria used for Morningstar’s selection of Fund Manager of the Year are: superior returns in the current year, consistent outperformance over a long period of time, sound and consistent strategies and good fund stewardship. No fee is paid to participate in the selection and the award is not indicative of future performance.
The awards mentioned in the video do not pertain to the IVA Funds.
There are risks associated with investing in funds that invest in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
This video must be preceded or accompanied by a prospectus. An investor should read and consider the fund’s investment objectives, risks, charges and expenses carefully before investing. Please read the prospectus and summary prospectus carefully before you invest. The IVA Funds are offered by Foreside Fund Services, LLC.