Causeway International Value Fund (CIVVX) is a mutual fund managed by Causeway Capital Management LLC that seeks long-term growth of capital by investing primarily in equity securities of companies domiciled outside the United States, particularly in developed and emerging markets; it employs a value-oriented investment strategy focusing on undervalued stocks with strong fundamentals, including low price-to-earnings ratios, low price-to-book ratios, and high dividend yields. The fund's portfolio typically includes common stocks, depositary receipts, and other equity-linked instruments across sectors such as financials, industrials, consumer discretionary, health care, and information technology; it maintains diversification with no single country or sector exceeding predefined limits, and may utilize currency hedging to manage foreign exchange risk. Causeway International Value Fund targets institutional and retail investors seeking international exposure with a value tilt, operating globally with primary investments in Europe, Asia-Pacific, and emerging markets including Japan, the United Kingdom, Switzerland, Germany, and China. Launched in 2001 and based in Los Angeles, California, the fund is part of Causeway Capital Management's suite of international equity strategies. In recent developments, the fund has benefited from Causeway Capital Management's strategic enhancements, including portfolio manager transitions and refined quantitative models incorporating ESG factors as of 2024; it also navigated market volatility through tactical overweight positions in energy and materials sectors amid global economic shifts.