North Square Altrinsic International Equity Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.3%
1 yr return
18.0%
3 Yr Avg Return
5.5%
5 Yr Avg Return
N/A
Net Assets
$119 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.18%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NSIVX - Profile
Distributions
- YTD Total Return 10.3%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.38%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNorth Square Altrinsic International Equity Fund
-
Fund Family NameNorth Square
-
Inception DateDec 04, 2020
-
Shares Outstanding7046663
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Hock
Fund Description
In seeking to achieve the Fund’s investment objective, the Adviser has selected Altrinsic Global Advisors, LLC (“Altrinsic” or “Sub-Adviser”) to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly.
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of the Fund’s net assets (plus the amount of any borrowings for investment purposes) in non-US equity securities (including common stock, preferred stock, and depositary receipts) of companies from at least three countries other than the United States. These countries may include emerging market countries, as defined by the World Bank, International Financial Corporation or the MSCI, Inc. emerging market indices or other comparable indices. The Fund considers a non-US equity security to be one if the issuing company of the security (i) derives at least 50% of its revenue or profits from business outside the US or has at least 50% of its sales or assets outside the US; (ii) trades on non-US exchanges or has securities that trade in the form of depositary receipts; or (iii) has been formed under the laws of non-US countries, including those of emerging markets.
The Fund’s Sub-Adviser employs a disciplined bottom-up approach to investment management based on an iterative four step investment process which includes (i) investment idea generation, (ii) fundamental company and industry analysis, (iii) portfolio management and (iv) risk management and control.
The Fund’s investment ideas are derived from two primary sources. The first source is a quantitative screening process to identify undervalued companies with either improving or stable return profiles. The second source is supported by step (ii) of the Fund’s investment process in which the Sub-Adviser performs an in-depth fundamental analysis of a prospective company’s attributes, including growth rate and profit potential. Once a company is identified as a potentially attractive candidate, step (ii) is finalized and risk factors, both internal and external, are identified for the company. An intrinsic valuation of the company is then determined. Ideas are then presented to the portfolio team for approval and possible investment by the Fund.
In step (iii), the Sub-Adviser constructs a portfolio from the approved companies that it believes to be the most attractive on the basis of risk adjusted returns.
Risk management, step (iv), is applied throughout the investment process by (a) primarily focusing on liquid securities, (b) fundamental security level return, accounting and risk analysis with an emphasis on cashflow and balance sheet as well as earnings quality analysis and (c) portfolio risk analytics which include third party risk tools as well as the Fund’s geography and industry cross sectional risk matrix.
NSIVX - Performance
Return Ranking - Trailing
Period | NSIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.3% | -2.3% | 40.8% | 73.19% |
1 Yr | 18.0% | -1.8% | 50.7% | 89.06% |
3 Yr | 5.5%* | -15.6% | 49.3% | 17.17% |
5 Yr | N/A* | -34.2% | 76.8% | N/A |
10 Yr | N/A* | 1.0% | 32.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | NSIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.0% | -1.4% | 22.0% | 52.92% |
2022 | -9.4% | -43.6% | 71.3% | 2.04% |
2021 | N/A | -28.5% | 18.9% | N/A |
2020 | N/A | -90.1% | 992.1% | N/A |
2019 | N/A | -1.9% | 38.8% | N/A |
Total Return Ranking - Trailing
Period | NSIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.3% | -2.3% | 40.8% | 73.19% |
1 Yr | 18.0% | -1.8% | 50.7% | 89.06% |
3 Yr | 5.5%* | -15.6% | 49.3% | 17.17% |
5 Yr | N/A* | -34.2% | 76.8% | N/A |
10 Yr | N/A* | 1.0% | 32.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NSIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.8% | 3.2% | 23.8% | 69.85% |
2022 | -8.1% | -43.6% | 144.8% | 3.29% |
2021 | N/A | -22.6% | 56.0% | N/A |
2020 | N/A | -89.7% | 1010.8% | N/A |
2019 | N/A | 4.3% | 38.8% | N/A |
NAV & Total Return History
NSIVX - Holdings
Concentration Analysis
NSIVX | Category Low | Category High | NSIVX % Rank | |
---|---|---|---|---|
Net Assets | 119 M | 3.3 M | 425 B | 86.85% |
Number of Holdings | 68 | 1 | 10481 | 70.18% |
Net Assets in Top 10 | 35.9 M | 1.01 M | 47.5 B | 82.26% |
Weighting of Top 10 | 28.98% | 4.6% | 147.7% | 34.77% |
Top 10 Holdings
- First American Treasury Obligations Fund 4.89%
- Chubb Ltd. 3.77%
- Everest Group, Ltd. 3.26%
- KB Financial Group Inc 2.87%
- Check Point Software Technologies Ltd. 2.64%
- Sanofi 2.49%
- Samsung Electronics Co. Ltd. 2.38%
- GSK PLC 2.37%
- Sumitomo Mitsui Trust Holdings, Inc. 2.17%
- HDFC Bank Ltd. 2.14%
Asset Allocation
Weighting | Return Low | Return High | NSIVX % Rank | |
---|---|---|---|---|
Stocks | 90.85% | 0.00% | 102.63% | 93.43% |
Cash | 5.19% | 0.00% | 44.84% | 9.63% |
Preferred Stocks | 3.96% | -0.05% | 6.57% | 1.83% |
Other | 0.00% | -2.05% | 69.93% | 85.32% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 78.53% |
Bonds | 0.00% | -0.46% | 79.43% | 80.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NSIVX % Rank | |
---|---|---|---|---|
Financial Services | 33.66% | 0.00% | 47.75% | 1.10% |
Healthcare | 14.89% | 0.00% | 20.35% | 15.52% |
Industrials | 11.31% | 5.17% | 99.49% | 86.36% |
Consumer Defense | 10.34% | 0.00% | 32.29% | 32.13% |
Communication Services | 6.61% | 0.00% | 21.69% | 36.83% |
Consumer Cyclical | 6.48% | 0.00% | 36.36% | 91.85% |
Technology | 6.02% | 0.00% | 36.32% | 91.54% |
Basic Materials | 4.34% | 0.00% | 23.86% | 86.83% |
Energy | 3.86% | 0.00% | 16.89% | 72.10% |
Real Estate | 2.49% | 0.00% | 14.59% | 35.89% |
Utilities | 0.00% | 0.00% | 13.68% | 97.49% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NSIVX % Rank | |
---|---|---|---|---|
Non US | 62.30% | 0.00% | 99.44% | 91.59% |
US | 28.56% | 0.00% | 102.01% | 7.34% |
NSIVX - Expenses
Operational Fees
NSIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.18% | 0.01% | 19.62% | 38.28% |
Management Fee | 0.80% | 0.00% | 1.65% | 82.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
NSIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NSIVX 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.
NSIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 247.00% | 30.66% |
NSIVX - Distributions
Dividend Yield Analysis
NSIVX | Category Low | Category High | NSIVX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.43% | 0.00% | 17.49% | 74.01% |
Dividend Distribution Analysis
NSIVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
NSIVX | Category Low | Category High | NSIVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.38% | -0.93% | 6.38% | 56.74% |
Capital Gain Distribution Analysis
NSIVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.172 | OrdinaryDividend |
Dec 22, 2022 | $0.144 | OrdinaryDividend |
Dec 22, 2021 | $0.202 | OrdinaryDividend |
Dec 21, 2020 | $0.011 | OrdinaryDividend |
NSIVX - Fund Manager Analysis
Managers
John Hock
Start Date
Tenure
Tenure Rank
Dec 04, 2020
1.49
1.5%
Mr. Hock is the founder & Chief Investment Officer of Altrinsic Global Advisors. Prior to founding Altrinsic in 2000, Mr. Hock was Sr. Vice President, portfolio manager, and member of the Investment Strategy Committee at Hansberger Global Investors. Before joining Hansberger in 1996, he was a vice president & sr. analyst in the Global Securities Research and Economics Group at Merrill Lynch, where his analysis focused on overseas equities. Mr. Hock received a BS in Applied Economics from Cornell University and an MBA in Finance from NYU. He holds the Chartered Financial Analyst designation.
John DeVita
Start Date
Tenure
Tenure Rank
Dec 04, 2020
1.49
1.5%
Mr. DeVita is a principal and portfolio manager/analyst at Altrinsic Global Advisors. Prior to joining Altrinsic in 2000, Mr. DeVita began his investment career with Société Générale Asset Management, where his extensive experience included international securities analysis, trading, and operations in the equity, fixed income, and foreign currency markets. He received a BS in Accountancy from Villanova University. Mr. DeVita holds the Chartered Financial Analyst designation and is a Certified Public Accountant.
Rich McCormick
Start Date
Tenure
Tenure Rank
Dec 04, 2020
1.49
1.5%
Mr. McCormick is a principal and portfolio manager/analyst at Altrinsic Global Advisors. Prior to joining Altrinsic in 2009, Mr. McCormick was an analyst at Blackmont Capital Inc. Previously, he was a manager of global risk management at Scotiabank. Mr. McCormick received a BCom from St. Mary’s University and an MBA from Dalhousie University. He holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.35 | 3.25 |