Fund Evaluator:

ARGA International Value Institutional Overview

ARGA International Value Institutional (ARVIX) is an actively managed International Equity Foreign Large Value fund. ARGA launched the fund in 2021.

The investment seeks long-term capital appreciation. The fund mainly invests in common stocks, but may also invest in depositary receipts (including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), preferred stocks, participation notes (“P-Notes”), private placements, ETFs and real estate investment trusts (“REITs”). Under normal market conditions, the fund will invest in at least three countries, including the United States, and at least 40% of its assets will be invested in non-U.S. companies, in both developed and emerging market countries.

About ARGA International Value Institutional (ARVIX)

There are 3 members of the management team with an average tenure of 5.25 years: Steven Morrow (2021), Robert Mitchell (2021), A. Rama Krishna (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI ACWI Ex USA Value NR USD index with a weighting of 100%. ARGA International Value Institutional has 81 securities in its portfolio. The top 10 holdings constitute 35.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

ARGA International Value Institutional is part of the Equity global asset class and is within the International Equity fund group. ARGA International Value Institutional has 93.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.3%. There is 93.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ARGA International Value Institutional has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $193 million in total assets, which is below the $992 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ARVIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ARGA International Value Institutional expense ratio is above average compared to funds in the Foreign Large Value category. ARGA International Value Institutional has an expense ratio of 0.75%, which is 28% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. ARGA International Value Institutional has a portfolio turnover rate of 58%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of August 2026, ARGA International Value Institutional returned 0.2%, which earned it a grade of F, as the Foreign Large Value category had an average return of 1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

ARGA International Value Institutional has a trailing yield of 1.68%, which is below the 2.71% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

ARGA International Value Institutional Grades

Year to date, the fund has returned 32.5%, 15.8 percentage points better than the category, which translates into a grade of A. The fund has returned 45.6% over the past year (grade of A), 24.8% over the past three years (grade of A) and 16.8% per year over the past five years (grade of A).

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