CAUSEWAY INTERNATIONAL VALUE FUND
Actively managed developed international stock fund
The Funds investment objective is to seek long-term growth of capital and income.
The fund invests in undervalued common stocks of developed and emerging markets outside the US, selected through fundamental research and quantitative screening for characteristics including low price-to-earnings and price-to-book ratios, high dividend yield, and financial strength, with emphasis on companies paying dividends or repurchasing shares. The fund normally holds at least 80% of assets in foreign stocks and may allocate up to 15% to emerging markets. Because the fund's security selections depend on the Investment Adviser's fundamental research and valuation judgments, its holdings and performance may diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
KERING SA | 4.26% | $818.40M | 2.9M | $282.56 |
Renesas Electronics Corporation | 3.70% | $711.98M | 24.1M | $29.56 |
ROLLS-ROYCE HOLDINGS PLC | 3.10% | $596.40M | 31.1M | $19.16 |
ASTRAZENECA PLC | 3.02% | $580.90M | 3.1M | $187.03 |
RBGPFRECKITT BENCKISER GROUP PLC | 2.79% | $537.21M | 8.2M | $65.14 |
ALSTOM SA | 2.73% | $525.54M | 30.2M | $17.38 |
BARCLAYS PLC | 2.72% | $523.39M | 77.9M | $6.72 |
SAP SE | 2.61% | $502.22M | 3.3M | $153.11 |
Siemens Aktiengesellschaft | 2.57% | $494.09M | 1.5M | $321.24 |
Roche Holding AG | 2.54% | $488.87M | 1.2M | $411.88 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 77 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.52% |
| Cash & short-term | 1.14% |
| Derivatives | 0.51% |
Derivatives are shown at market value, not notional exposure.
How it has done
CIVVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.86%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.10% | +17.19% | +46.23% | +71.81% | -12.76% | |
| 0.85% | +17.42% | +47.24% | +73.74% | -12.78% |
These classes hold the same portfolio, so the 1.93pp spread over 5 years is the cost difference between them — roughly 0.39pp a year — not a difference in what they own.
Fees & fund details
CAUSEWAY INTERNATIONAL VALUE FUND is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.85% – 1.10%· CIVVX 1.10%
- Portfolio turnover
- 46.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
13 new· the largest 8
15 exited· the largest 8
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