The departure of IVA Worldwide’s comanager, who was also co-CIO and a cofounder of advisor IVA, is a loss for the fund. But the senior manager remains in place, as do all the analysts and the long-held strategy. The fund retains Morningstar Analyst Ratings of Silver for the Institutional shares, Bronze for the A shares, and Neutral for the C shares.
IVA Worldwide C IVWCX
NAV / 1-Day Return
16.56
/
1.13
%
Total Assets
1.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.940%
Expense Ratio
1.940%
Fee Level
Average
Longest Manager Tenure
12.41
years
Category
World Large Stock
Investment Style
Large ValueMin. Initial Investment
5,000
Status
Open
TTM Yield
0.00%
Turnover
49%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will IVWCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IVWCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IVWCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of IVWCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A manager and founding partner has departed, but a strong foundation remains.
