IVA Worldwide Fund Class A
IVWAX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- IVA Worldwide Fund Class A (IVWAX) is a mutual fund that seeks long-term growth of capital primarily through equity investments in companies of any market capitalization demonstrating fundamental value, financial strength, and stability; it also invests across a range of securities and asset classes from markets around the world, including U.S. equities, international stocks, and significant cash holdings to preserve capital during downturns. The fund, part of IVA Fiduciary Trust and managed by International Value Advisers, LLC (IVA), targets global investors seeking value-oriented strategies with low volatility exposure, utilizing an all-cap approach across developed and emerging markets. Headquartered in New York, NY, at 717 Fifth Avenue, 10th Floor, IVA was founded in 2007 as a spin-out from First Eagle Funds, with the Worldwide Fund offering share classes including Class A (IVWAX), Class I (IVWIX), and others prior to closure. Core offerings include flexible global equity portfolios emphasizing undervalued securities with strong balance sheets; substantial cash allocations (often 20%-40% of assets) for downside protection; and diversified holdings across sectors and geographies without strict benchmark adherence. The fund provided services to individual and institutional investors through financial intermediaries, with a minimum investment of $5,000 for Class A shares and an expense ratio around 0.94%-1.00%. In a major strategic shift, International Value Advisers announced on March 10, 2021, the liquidation of IVA Worldwide Fund (IVWAX) and IVA International Fund (IVIOX), closing the funds to new investments and exchanges effective immediately, with full liquidation completed around April 19, 2021. This followed key departures including co-CIO Charles de Lardemelle in 2020 and managing partner Michael Malafronte, leaving only lead manager Charles de Vaulx and analyst Thibaut Pizenberg; IVA cited poor performance amid growth stock dominance and large redemptions reducing assets to about $1.9 billion by early 2021. IVA wound down all U.S. mutual fund operations and deregistered as an investment adviser, though related entities like a European clone fund (IVA Global) persisted under different management prior to the U.S. closures. As of late 2025, IVWAX remains defunct with no relaunched operations or new offerings reported.