• Ivy Pzena International Value Fund

Ivy Funds

  • International
  • Large-Cap
  • Value

Ivy Pzena International Value Fund

ICVIX

Summary

The fund seeks capital appreciation by investing in companies outside the United States.

The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of issuers located in, or with significant business, assets, or operations in, countries throughout the world other than the United States.

The team looks to invest in companies from a universe generally consisting of the 1,500 largest non-U.S. companies that it believes are undervalued on More

Price

Last Close

$15.69 ( +0.05 )

52 Week HL

$20.61 - $15.61

Net Assets

$215.7 M

Expense Ratio

1.41 %

Sector Allocation

Dec 31, 2020

Top 10 Holdings

Mar 18, 2021

Company Name

  • Rexel SA
  • A P
  • BASF
  • Panasonic Corp
  • John Wood

Holding

  • 3.6
  • 3.4
  • 3.1
  • 3.1
  • 3.1

Company Name

  • Covestro AG
  • POSCO
  • J Sainsbury
  • Komatsu Ltd
  • Honda Motor
  • Total

Holding

  • 2.9
  • 2.9
  • 2.9
  • 2.8
  • 2.7
  • 30.5%

Manager

Name

John P. Goetz

Leadership

Single Manager

Tenure

2003

Advisor

Pzena Investment Management, LLC

Documents

Prospectus

Fact Sheet

Q3 2021

Q2 2021

Annual Reports

Website

Link

Performance

YTD

-15 %

3 Year

6.4%

5 Year

-6.87%

Best

32.82%
2013

Worst

-32.2%
2008

Returns +
Quarterly

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 -6.6% 11.1% -30.4% 7.2% -4.3% 4.7% -2.3% -1.2% 0.2% 8.2% -
Q2 -7.7% 3.1% 17.7% -1% 2.3% 0.6% -2.3% - 3% 7.6% -
Q3 - -2.3% 4.6% -2.5% 2.2% 5.3% 8% -11.5% -3.8% 7.1% -
Q4 - -3% 22.4% 8.4% -13.6% 4.6% 9.2% 1.6% -5.6% 6.1% -

Returns +
Monthly

J F M A M J J A S O N D
2022 -4.4% -0.7% -1.5% -2% -7.2% - - - - - - -
2021 0.6% 5.5% 4.7% 1.3% 4.8% -2.9% 0.2% 0.6% -3.1% 3.6% -8.7% 2.5%

+
Annual

    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    0%29%16%29%-6%19%8%-1%14%29%0%

Alpha

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
ICVIX -15%-5%14%-16%17%13%-11%-6%33%23%
S&P 500 -29%16%29%-6%19%8%-1%14%29%-
Alpha -15%--11%-14%-10%-2%4%-11%-20%4%23%

ICVIX S&P 500

Chart +