NVIT Multi-Manager International Value Fund
Data updated: 2020-11-17
C000062007 — NVIT Multi-Manager International Value Fund. Latin America Mid Cap Value Equity · $84.73M AUM. Holdings, fees, performance and SEC filings.
C000062007 Fund Overview
NVIT Multi-Manager International Value Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as Latin America Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nationwide Variable Insurance Trust
- Category: Latin America Mid Cap Value Equity
- Assets under management: $84.73M
- SEC CIK: 0000353905
- SEC series ID: S000005399
- Share class ID: C000062007
C000062007 Investment Objective and Strategy
NVIT Multi-Manager International Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nationwide Variable Insurance Trust.
Investment objective
The NVIT Multi-Manager International Value Fund seeks long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of companies headquartered, that derive at least 50% of their revenues or profits from goods produced or sold, investment made or services performed from, or whose securities regularly trade on markets (i.e., are located) outside the United States. Some of these countries may be considered to be emerging market countries, which typically are developing and low- or middle-income countries, and may be found in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa. The Fund may invest in the securities of companies of any market capitalization, including smaller companies, and typically invests in those located in at least six different countries, foreign markets or regions other than the United States.
Nonetheless, the Fund may invest a significant amount of its net assets in the securities of issuers located in any one country. The Fund employs a value style of investing, which means investing in equity securities that the subadviser believes are trading at prices that do not reflect a companys intrinsic value. Companies issuing such securities may be currently out of favor, undervalued due to market declines, or experiencing poor operating conditions that may be temporary. The Fund generally considers selling a security when the thesis and/or catalysts have been reached, it reaches a target price, fails to perform as expected, or when other opportunities appear more attractive. The Fund consists of two portions managed by different subadvisers acting independently with respect to the assets of the Fund they manage.
Nationwide Fund Advisors (NFA) is the Funds investment adviser and, subject to the approval of the Board of Trustees of Nationwide Variable Insurance Trust (the Trust), selects the Funds subadvisers and monitors their performance on an ongoing basis. NFA also determines the amount of Fund assets to allocate to each subadviser. NFA has chosen the Funds current subadvisers because they approach investing in international securities in a different manner from each other. For example, as of the date of this Prospectus, one subadviser uses a market capitalization-weighted approach to invest in securities of companies that the subadviser believes to be value companies primarily because they have low prices in relation to their book values (i.e., values based on their respective assets minus their liabilities, as reflected on their balance sheets).
The other subadviser uses a combination of qualitative and quantitative methods to assess a companys valuation and attractiveness through fundamental research. In allocating assets between the subadvisers, NFA seeks to increase diversification among securities and investment styles in order to potentially increase the possibility for investment return and reduce risk and volatility.
C000062007 Holdings
Top 10 holdings of NVIT Multi-Manager International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pershing LLC | 1.98% |
| Total SA | 1.83% |
| Vodafone Group plc | 1.48% |
| Novartis AG | 1.46% |
| Nestle SA | 1.42% |
| Sumitomo Mitsui Financial Group, Inc. | 1.33% |
| Sony Corp. | 1.16% |
| Engie SA | 1.13% |
| CK Hutchison Holdings Ltd. | 1.02% |
| Aviva plc | 1.01% |
C000062007 Portfolio Allocation
Asset-class allocation of NVIT Multi-Manager International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.1% |
| Cash & Equivalents | 2.8% |
| Other | 1.0% |
C000062007 Costs and Fees
C000062007 costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 1.01%
- Portfolio turnover: 26%
- Brokerage commissions: 7.54 bps of average net assets (SEC N-CEN)
C000062007 Cashflows
Over the 12 months to 2020-09, NVIT Multi-Manager International Value Fund had net outflows of $826.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | $6.04M |
| 2020-08 | −$465.66K |
| 2020-07 | −$951.60K |
| 2020-06 | −$537.34K |
| 2020-05 | −$142.51K |
| 2020-04 | $5.00M |
C000062007 Debt Constituents
No individual debt constituents are reported in NVIT Multi-Manager International Value Fund's latest SEC N-PORT filing.
C000062007 Prospectus and SEC Filings
Official NVIT Multi-Manager International Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-07-21
- Prospectus (485BPOS) — filed 2020-05-12
- Prospectus supplement (497) — filed 2019-09-30
- Portfolio holdings (N-PORT) — filed 2020-11-17
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-21
- Annual census (N-CEN) — filed 2020-03-12
- Annual census (N-CEN) — filed 2019-03-13
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.