Fund Evaluator:

Marsico International Opportunities Overview

Marsico International Opportunities (MIOFX) is an actively managed International Equity Foreign Large Growth fund. Marsico Investment Fund launched the fund in 2000.

The investment seeks long-term growth of capital. The fund invests primarily in foreign securities, such as common stocks of foreign companies that are selected for their long-term growth potential and other foreign securities, whether traded in the U.S. or in foreign markets or both. The investment adviser seeks to select stocks of high-quality companies with compelling long-term capital appreciation potential. The fundamental investment approach combines "top-down" macro-economic analysis and investment theme development with "bottom-up" company and security analysis to identify attractive opportunities.

About Marsico International Opportunities (MIOFX)

There are 3 members of the management team with an average tenure of 5.14 years: Thomas Marsico (2017), Peter Marsico (2023), James Marsico (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Marsico International Opportunities has 30 securities in its portfolio. The top 10 holdings constitute 53.0% 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.

Marsico International Opportunities is part of the Equity global asset class and is within the International Equity fund group. Marsico International Opportunities has 57.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 42.6%. There is 57.1% 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). Marsico International Opportunities has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $112 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.

MIOFX 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 Marsico International Opportunities expense ratio is high compared to funds in the Foreign Large Growth category. Marsico International Opportunities has an expense ratio of 1.51%, which is 46% 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. Marsico International Opportunities has a portfolio turnover rate of 54%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.

Recently, in the month of June 2026, Marsico International Opportunities returned 3.8%, which earned it a grade of A, as the Foreign Large Growth 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.

Marsico International Opportunities has a trailing yield of 0.00%, which is below the 0.95% category average. The fund normally distributes its income annually 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.

Marsico International Opportunities Grades

Year to date, the fund has returned 15.5%, 6.0 percentage points better than the category, which translates into a grade of A. The fund has returned 18.3% over the past year (grade of B), 27.0% over the past three years (grade of A) and 11.6% per year over the past five years (grade of A) and 12.8% per year over the past 10 years (grade of A).

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