iMGP Oldfield International Value Fund
Data updated: 2024-08-20
C000222757 — iMGP Oldfield International Value Fund. Europe Mid Cap Value Industrials Equity · $32.62M AUM. Holdings, fees, performance and SEC filings.
C000222757 Fund Overview
iMGP Oldfield International Value Fund is a US mutual fund managed by iM Global Partner Funds, categorised as Europe Mid Cap Value Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: iM Global Partner Funds
- Category: Europe Mid Cap Value Industrials Equity
- Assets under management: $32.62M
- 1-year return: 6.9%
- SEC CIK: 0001020425
- SEC series ID: S000069933
- Share class ID: C000222757
C000222757 Investment Objective and Strategy
iMGP Oldfield International Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by iM Global Partner Funds.
Investment objective
The iMGP Oldfield International Value Fund (the Oldfield International Value Fund) seeks long-term growth of capital; that is, the increase in the value of your investment over the long term.
Principal investment strategy
The Oldfield International Value Fund invests in the securities of companies with market capitalization of $10 billion or greater that the sub-advisor to the Fund (the manager or sub-advisor) believes have strong appreciation potential. The Advisor believes that giving highly disciplined managers latitude in the types of stocks they can own can confer an advantage over managers who are more tightly constrained to an arbitrary style box. This belief underlays the premise of the Oldfield International Value Fund to give its sub-advisor broad flexibility but limit the sub-advisor to its highest-conviction ideas. The Advisor is responsible for recommending which sub-advisors to hire or remove. Before hiring a sub-advisor, the Advisor performs extensive due diligence. This includes quantitative and qualitative analysis, including (but not limited to) an evaluation of the investment process, the consistency of its execution and discipline; individual holdings; strategies employed, past mistakes, risk controls, team depth and quality; operations and compliance; and business focus and vision.
The Advisors evaluation process includes review of literature and documents, quantitative historical performance evaluation, extensive discussions with members of the investment team and firm management and background checks through industry contacts. Under normal market conditions, the Oldfield International Value Funds portfolio is typically composed of between 25 to 30 stocks. Under normal market conditions, the Oldfield International Value Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of value companies domiciled outside the United States, or having the majority of their assets located in or deriving a majority of their operating income from countries outside the United States , mostly mid-to large-sized companies ( i.e.
, companies with a market capitalization of greater than $10 billion at the time of acquisition). Investments in companies located in emerging market countries are expected to be 20% or less of the Oldfield International Value Funds net assets. iM Global defines an emerging market country as any country that is included in the MSCI Emerging Markets Index. Value stocks are those that are believed to be undervalued in comparison to their peers due to temporary adverse market or industry or business developments that result in a stock trading at a discount to estimated long-term intrinsic value, which is determined by the sub-advisor and measured using traditional financial metrics such as low price-to-earnings, price-to-cash-flow, and/or price-to-book ratios. The Oldfield International Value Fund may focus its investments in certain sectors including, but not limited to, the consumer staples, financial and industrial sectors from time to time as a result of the implementation of the Oldfield International Value Funds investment strategy by the manager, but sector focus is not a principal strategy of the Oldfield International Value Fund.
C000222757 Holdings
Top 10 holdings of iMGP Oldfield International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BT Group PLC | 7.00% |
| Lloyds Banking Group PLC | 6.70% |
| Heineken Holding NV | 5.66% |
| Eni SpA | 5.56% |
| Fresenius SE & Co KGaA | 5.18% |
| KT&G Corp | 5.14% |
| Svenska Handelsbanken AB | 5.11% |
| Cie Generale des Etablissements Michelin SCA | 5.03% |
| Sanofi SA | 5.02% |
| Exor NV | 4.96% |
C000222757 Portfolio Allocation
Asset-class allocation of iMGP Oldfield International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 101.2% |
C000222757 Performance
Total returns for C000222757 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.9% |
| 3 years (annualised) | -0.7% |
C000222757 Risk Information
Risk metrics for C000222757, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
C000222757 Costs and Fees
C000222757 costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 1.35%
- Portfolio turnover: 28%
- Brokerage commissions: 2.38 bps of average net assets (SEC N-CEN)
C000222757 Cashflows
Over the 12 months to 2024-06, iMGP Oldfield International Value Fund had net outflows of $6.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$1.32M |
| 2024-05 | −$2.98M |
| 2024-04 | $2.93M |
| 2024-03 | −$558.72K |
| 2024-02 | −$1.54M |
| 2024-01 | $530.77K |
C000222757 Debt Constituents
No individual debt constituents are reported in iMGP Oldfield International Value Fund's latest SEC N-PORT filing.
C000222757 Prospectus and SEC Filings
Official iMGP Oldfield International Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-07-29
- Portfolio holdings (N-PORT) — filed 2024-08-20
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2024-02-29
- Annual census (N-CEN) — filed 2024-03-14
- Annual census (N-CEN) — filed 2023-03-14
Related Funds
Other Europe Mid Cap Value Industrials Equity funds tracked on ABC INVEST:
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.