Fund Evaluator:
Polaris Global Value (PGVFX)
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Best Performing in Global Large-Stock Value Over the Last Year
| 49.1% | Vanguard Global Capital Cycles Investor (VGPMX) |
| 39.6% | LSV Global Value Investor (LVAGX) |
| 39.2% | AMG Yacktman Focused N (YAFFX) |
| 38.2% | T. Rowe Price Glbl Val Eq (TRGVX) |
| 36.5% | PGIM Jennison Global Equity Income Z (JDEZX) |
Fund Details
Polaris Global Value Overview
Polaris Global Value (PGVFX) is an actively managed International Equity Global Large-Stock Value fund. Polaris Funds launched the fund in 1998.
The investment seeks capital appreciation. Using a value-oriented approach, the fund invests primarily in the common stock (including American Depositary Receipts ("ADRs")) of companies of any size, both domestic and international, including emerging, developing or frontier markets. The Adviser generally views emerging or developing markets as those that are not included in the MSCI World Index. The fund may also invest in publicly traded master limited partnerships ("MLPs").
About Polaris Global Value (PGVFX)
There are 3 members of the management team with an average tenure of 16.59 years: Bin Xiao (2012), Bernard Horn (1998), Jason Crawshaw (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. Polaris Global Value has 87 securities in its portfolio. The top 10 holdings constitute 22.6% 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.
Polaris Global Value is part of the Equity global asset class and is within the International Equity fund group. Polaris Global Value has 61.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.8%. There is 61.3% 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). Polaris Global Value has 3.9% of the portfolio in cash.
Assets Under Management
The fund has $574 million in total assets, which is above the $492 million average for the Global Large-Stock 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.
PGVFX 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 Polaris Global Value expense ratio is high compared to funds in the Global Large-Stock Value category. Polaris Global Value has an expense ratio of 0.99%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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. Polaris Global Value has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of June 2026, Polaris Global Value returned 0.5%, which earned it a grade of B, as the Global Large-Stock Value category had an average return of -0.1%. 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.
Polaris Global Value has a trailing yield of 1.50%, which is below the 1.80% 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.
Polaris Global Value Grades
Year to date, the fund has returned 20.1%, 10.5 percentage points better than the category, which translates into a grade of A. The fund has returned 34.8% over the past year (grade of A), 20.8% over the past three years (grade of A) and 10.5% per year over the past five years (grade of C) and 11.5% per year over the past 10 years (grade of B).
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PGVFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PGVFX Return (NAV) | 0.5% | 13.6% | 34.8% | 20.8% | 10.5% | 11.5% |
| PGVFX Grade | B | A | A | A | C | B |
| +/- Category | 0.6% | 5.1% | 13.8% | 4.0% | 0.2% | 1.0% |
| Global Large-Stock Value Avg | -0.1% | 8.5% | 21.0% | 16.8% | 10.2% | 10.4% |
| PGVFX Tax Cost Ratio | na | na | 1.5% | 1.3% | 1.3% | 1.1% |
PGVFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PGVFX Return (NAV) | 20.1% | 27.0% | 5.3% | 14.8% | -12.0% | 15.4% | 6.7% | 22.8% | -12.7% | 20.6% | 11.7% |
| PGVFX Grade | A | B | F | C | D | F | B | C | D | B | A |
| +/- Category | 10.5% | 2.5% | -4.4% | -0.0% | -2.9% | -3.8% | 2.1% | -0.2% | -2.2% | 1.6% | 2.4% |
| Global Large-Stock Value Avg | 9.7% | 24.5% | 9.8% | 14.8% | -9.1% | 19.2% | 4.5% | 23.0% | -10.5% | 19.0% | 9.3% |
| Risk Measures | |
| Standard Deviation: | 13.6% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 1.16 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 0.91 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $574 Mil |
| Fund Total Assets: | $ 575 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 25% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 28.1 years | |||
| Average Tenure: 16.6 years | |||
| Managers (Year): Horn Bernard (1998), Xiao Bin (2012), Crawshaw Jason (2018) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 87 |
| % in Top 10 Holdings: | 22.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 61.3% |
Portfolio Allocation |
|
| Domestic Stock: | 34.8% |
| Foreign Stock: | 61.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.9% |
Purchase Information
| Fund Family: | Polaris Funds |
| Phone Number: | 888-263-5594 |
| Website: | www.polariscapital.com |
| Status: | Open |
| Inception Date: | June 1, 1998 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.06% |
| Share Class: | Polaris Global Value |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
