Fund Evaluator:
EuroPac International Value A (EPIVX)
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Fund Details
EuroPac International Value A Overview
EuroPac International Value A (EPIVX) is an actively managed International Equity Foreign Large Value fund. Euro Pacific Asset Management launched the fund in 2010.
The investment seeks income and long term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies located in Europe or the Pacific Rim. The fund's advisor considers a country to be part of Europe if it is included in one of the MSCI European indexes and part of the Pacific Rim if any of its borders touches the Pacific Ocean. The fund will invest in large-, mid-, and small-capitalization companies that are considered by the fund's advisor to be value oriented and dividend paying companies.
About EuroPac International Value A (EPIVX)
There are 2 members of the management team with an average tenure of 13.46 years: James Nelson (2010), Luke Allen (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg World ex-US Large-Mid NR USD index with a weighting of 100% and MSCI ACWI Ex USA Value NR USD index with a weighting of 100%. EuroPac International Value A has 45 securities in its portfolio. The top 10 holdings constitute 49.2% 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.
EuroPac International Value A is part of the Equity global asset class and is within the International Equity fund group. EuroPac International Value A has 84.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 8.8%. There is 84.0% 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). EuroPac International Value A has 6.6% of the portfolio in cash.
Assets Under Management
The fund has $162 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.
EPIVX 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 EuroPac International Value A expense ratio is high compared to funds in the Foreign Large Value category. EuroPac International Value A has an expense ratio of 1.71%, which is 63% higher than its category average, making the fund expense ratio grade a F. 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. EuroPac International Value A has a portfolio turnover rate of 31%, 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, EuroPac International Value A returned 10.4%, which earned it a grade of A, 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.
EuroPac International Value A has a trailing yield of 0.79%, which is below the 2.71% category average. The fund normally distributes its income quarterly and its capital gains 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.
EuroPac International Value A Grades
Year to date, the fund has returned 10.3%, 6.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 24.4% over the past year (grade of D), 20.6% over the past three years (grade of C) and 13.6% per year over the past five years (grade of B) and 9.5% per year over the past 10 years (grade of C).
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EPIVX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EPIVX Return (NAV) | 10.4% | 7.2% | 24.4% | 20.6% | 13.6% | 9.5% |
| EPIVX Grade | A | A | D | C | B | C |
| +/- Category | 8.9% | 2.4% | -2.9% | -0.6% | 1.3% | -0.3% |
| Foreign Large Value Avg | 1.5% | 4.8% | 27.3% | 21.2% | 12.3% | 9.8% |
| EPIVX Tax Cost Ratio | na | na | 1.9% | 1.1% | 1.0% | 0.7% |
EPIVX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EPIVX Return (NAV) | 10.3% | 47.2% | 5.1% | 9.8% | 0.5% | 7.1% | 18.4% | 16.7% | -14.5% | 15.1% | 18.0% |
| EPIVX Grade | F | A | C | F | A | F | A | D | B | F | A |
| +/- Category | -6.3% | 8.5% | 0.7% | -8.0% | 9.9% | -5.3% | 15.8% | -2.4% | 1.9% | -7.9% | 15.0% |
| Foreign Large Value Avg | 16.6% | 38.7% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.1% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 15.7% |
| Total Risk Index: | 1.29 - Above Average |
| Category Risk Index: | 1.23 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 0.71 |
| R-Squared: | 37% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $216 Mil |
| Fund Total Assets: | $ 162 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 31% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.4 years | |||
| Average Tenure: 13.5 years | |||
| Managers (Year): Nelson James (2010), Allen Luke (2016) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 49.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 84.0% |
Portfolio Allocation |
|
| Domestic Stock: | 8.8% |
| Foreign Stock: | 84.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 6.6% |
Purchase Information
| Fund Family: | Euro Pacific Asset Management |
| Phone Number: | 888-558-5851 |
| Website: | www.europacificfunds.com |
| Status: | Open |
| Inception Date: | April 7, 2010 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 4.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.71% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | EuroPac International Value A |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
