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LSV U.S. MANAGED VOLATILITY FUND
mutual fund
LVAMX
Payout Change
Pending
Price as of:
$12.03
+0.11
+0.92%
primary theme
U.S. Large-Cap Value Equity
share class
LVAMX (Mutual Fund)
LSV U.S. MANAGED VOLATILITY FUND
Payout Change
Pending
Price as of:
$12.03
+0.11
+0.92%
primary theme
U.S. Large-Cap Value Equity
share class
LVAMX (Mutual Fund)
LSV U.S. MANAGED VOLATILITY FUND
Payout Change
Pending
Price as of:
$12.03
+0.11
+0.92%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
16.2%
1 yr return
17.3%
3 Yr Avg Return
6.4%
5 Yr Avg Return
5.8%
Net Assets
$22.8 M
Holdings in Top 10
21.3%
52 WEEK LOW AND HIGH
$11.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
LVAMX - Profile
Distributions
- YTD Total Return 16.2%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.00%
- Dividend Yield 2.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameLSV U.S. MANAGED VOLATILITY FUND
-
Fund Family NameLSV Fund
-
Inception DateJun 25, 2014
-
Shares Outstanding37898
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGuy Lakonishok
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. The equity securities in which the Fund invests are mainly common stocks. Although the Fund may invest in securities of companies of any size, the Fund generally invests in companies with market capitalizations of $100 million or more at the time of purchase.
In selecting securities for the Fund, the Adviser focuses on companies whose securities, in the Adviser’s opinion, are out-of-favor (undervalued) in the marketplace at the time of purchase in light of factors such as the company’s earnings, book value, revenues or cash flow, but show signs of recent improvement. The Adviser believes that these out-of-favor securities will produce superior future returns if their future growth exceeds the market’s low expectations. The Adviser seeks to manage volatility by selecting stocks for the Fund’s portfolio whose total returns are not expected to fluctuate as dramatically as those of the equity markets as a whole.
The Adviser uses a quantitative investment model to make investment decisions for the Fund. The investment model ranks securities based on fundamental measures of value (such as price-to-earnings ratio) and indicators of near-term appreciation potential (such as recent price appreciation). Additionally, securities are ranked based on sensitivity to broader market movements or “beta,” standard deviation, and volatility of operating performance (cash flow and earnings) to identify securities that the Adviser believes will have less volatility than the overall equity markets. The investment model is used to select stocks to buy from those with higher expected returns and lower expected volatility and select stocks to sell from those whose expected returns have decreased and expected volatility has increased, subject to overall risk controls.
LVAMX - Performance
Return Ranking - Trailing
| Period | LVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.2% | -18.8% | 44.3% | 28.87% |
| 1 Yr | 17.3% | -16.0% | 44.3% | 24.93% |
| 3 Yr | 6.4%* | -3.7% | 17.7% | 67.11% |
| 5 Yr | 5.8%* | -1.1% | 43.5% | 94.38% |
| 10 Yr | 7.3%* | 1.1% | 24.6% | 78.62% |
* Annualized
Return Ranking - Calendar
| Period | LVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.1% | -16.9% | 46.1% | 99.72% |
| 2022 | -12.1% | -64.7% | 4.6% | 51.52% |
| 2021 | 13.4% | -44.2% | 57.5% | 64.25% |
| 2020 | -9.7% | -23.2% | 285.0% | 93.27% |
| 2019 | 12.3% | -21.4% | 48.5% | 89.25% |
Total Return Ranking - Trailing
| Period | LVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.2% | -18.8% | 44.3% | 28.87% |
| 1 Yr | 17.3% | -16.0% | 44.3% | 24.93% |
| 3 Yr | 6.4%* | -3.7% | 17.7% | 67.11% |
| 5 Yr | 5.8%* | -1.1% | 43.5% | 94.38% |
| 10 Yr | 7.3%* | 1.1% | 24.6% | 78.62% |
* Annualized
Total Return Ranking - Calendar
| Period | LVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -15.9% | 46.7% | 93.06% |
| 2022 | -2.6% | -42.0% | 8.5% | 23.00% |
| 2021 | 21.0% | 3.6% | 129.7% | 89.81% |
| 2020 | -6.9% | -22.6% | 304.8% | 96.89% |
| 2019 | 22.9% | -12.7% | 52.1% | 78.90% |
NAV & Total Return History
LVAMX - Holdings
Concentration Analysis
| LVAMX | Category Low | Category High | LVAMX % Rank | |
|---|---|---|---|---|
| Net Assets | 22.8 M | 2.09 M | 163 B | 95.88% |
| Number of Holdings | 107 | 2 | 1727 | 32.27% |
| Net Assets in Top 10 | 7.49 M | 466 K | 39.5 B | 95.88% |
| Weighting of Top 10 | 21.30% | 4.4% | 99.1% | 80.32% |
Top 10 Holdings
- AMDOCS LTD COMMON STOCK 2.56%
- VERIZON COMMUNICATIONS INC COMMON STOCK 2.54%
- INTL BUSINESS MACHINES CORP COMMON STOCK 2.46%
- CISCO SYSTEMS INC COMMON STOCK 2.38%
- ATT INC COMMON STOCK 2.12%
- KROGER CO COMMON STOCK 1.97%
- GILEAD SCIENCES INC COMMON STOCK 1.95%
- MERCK CO. INC. COMMON STOCK 1.93%
- HARTFORD FINANCIAL SVCS GRP COMMON STOCK 1.74%
- EXXON MOBIL CORP COMMON STOCK 1.65%
Asset Allocation
| Weighting | Return Low | Return High | LVAMX % Rank | |
|---|---|---|---|---|
| Stocks | 99.55% | 4.16% | 102.49% | 16.00% |
| Cash | 0.39% | 0.00% | 17.28% | 80.73% |
| Other | 0.07% | -2.59% | 39.89% | 19.08% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 32.09% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 28.57% |
| Bonds | 0.00% | 0.00% | 97.99% | 31.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LVAMX % Rank | |
|---|---|---|---|---|
| Technology | 18.41% | 0.00% | 54.02% | 8.40% |
| Healthcare | 18.11% | 0.00% | 30.08% | 44.85% |
| Consumer Defense | 16.73% | 0.00% | 34.10% | 4.15% |
| Financial Services | 11.14% | 0.00% | 58.05% | 94.05% |
| Consumer Cyclical | 9.18% | 0.00% | 22.74% | 14.54% |
| Communication Services | 7.59% | 0.00% | 26.58% | 22.57% |
| Utilities | 6.42% | 0.00% | 27.04% | 26.53% |
| Industrials | 6.29% | 0.00% | 42.76% | 91.22% |
| Energy | 2.81% | 0.00% | 54.00% | 92.63% |
| Real Estate | 2.64% | 0.00% | 90.54% | 49.20% |
| Basic Materials | 0.68% | 0.00% | 20.01% | 91.31% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LVAMX % Rank | |
|---|---|---|---|---|
| US | 96.15% | 4.16% | 102.49% | 64.83% |
| Non US | 3.40% | 0.00% | 24.08% | 19.74% |
LVAMX - Expenses
Operational Fees
| LVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | 14.82% | 38.97% |
| Management Fee | 0.45% | 0.00% | 1.50% | 24.39% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.38% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| LVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| LVAMX 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.
| LVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 0.00% | 488.00% | 12.79% |
LVAMX - Distributions
Dividend Yield Analysis
| LVAMX | Category Low | Category High | LVAMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.15% | 0.00% | 16.67% | 0.19% |
Dividend Distribution Analysis
| LVAMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Semi-Annually | Annual |
Net Income Ratio Analysis
| LVAMX | Category Low | Category High | LVAMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.00% | -1.51% | 4.28% | 16.00% |
Capital Gain Distribution Analysis
| LVAMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.257 | OrdinaryDividend |
| Dec 22, 2023 | $0.039 | CapitalGainShortTerm |
| Dec 22, 2023 | $1.464 | CapitalGainLongTerm |
| Dec 29, 2022 | $0.245 | OrdinaryDividend |
| Dec 22, 2022 | $1.001 | OrdinaryDividend |
| Dec 30, 2021 | $0.294 | OrdinaryDividend |
| Dec 22, 2021 | $0.583 | OrdinaryDividend |
| Dec 30, 2020 | $0.181 | OrdinaryDividend |
| Dec 22, 2020 | $0.187 | CapitalGainLongTerm |
| Dec 30, 2019 | $0.295 | OrdinaryDividend |
| Dec 19, 2019 | $0.084 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.833 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.253 | OrdinaryDividend |
| Dec 20, 2018 | $0.551 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.248 | OrdinaryDividend |
| Dec 20, 2017 | $0.051 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.178 | CapitalGainLongTerm |
| Dec 29, 2016 | $0.178 | OrdinaryDividend |
| Dec 20, 2016 | $0.017 | CapitalGainShortTerm |
| Dec 20, 2016 | $0.033 | CapitalGainLongTerm |
| Dec 30, 2015 | $0.165 | OrdinaryDividend |
| Dec 18, 2015 | $0.054 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.012 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.044 | OrdinaryDividend |
LVAMX - Fund Manager Analysis
Managers
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo
Greg Sleight
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.
Jason Karceski
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Jason Karceski, Ph.D., has served as a Senior Research Analyst of LSV since 2009, a partner since 2012 and portfolio manager since 2014.
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.
Menno Vermeulen
Start Date
Tenure
Tenure Rank
Jun 25, 2014
7.94
7.9%
Menno Vermeulen, CFA, is a Partner, Portfolio Manager and Senior Quantitative Analyst of LSV. Dr. Lakonishok joined LSV in 1994. Vermeulen has more than 21 years of investment experience. At LSV, Mr. Vermeulen has developed and written the software for our quantitative models and portfolio management system. He leads our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Vermeulen is also involved in the research process at LSV. Prior to joining LSV, he worked at ABP
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 0.25 |
