Charles de Vaulx

Charles de Vaulx Premium Guru

Last Update: 02-27-2015
Related: IVA International Fund

Number of Stocks: 90
Number of New Stocks: 4

Total Value: $5,248 Mil
Q/Q Turnover: 10%

Countries: USA KOR FRA FIN JPN HKG NOR TWN CHE BEL GBR MYS DEU
Details: Top Buys | Top Sales | Top Holdings  Embed:

Charles de Vaulx' s Profile & Performance

Profile

Charles de Vaulx is the chief investment officer and portfolio manager at International Value Advisers, LLC (IVA). He joined the firm in May 2008.
Until March 2007, Charles was portfolio manager of the First Eagle Global, Overseas, U.S. Value, Gold and Variable Funds, together with a number of separately managed institutional accounts. He was solely responsible for management of the Sofire Fund Ltd. when it won an Absolute Return Award* for “Fund of the Year” in the global equity category in 2005 and 2006.
In addition to sharing Morningstar's "International Stock Manager of the Year" Award** in 2001 with his co-manager, Charles was runner-up for the same award in 2006.
Charles de Vaulx graduated from the Ecole Superieure de Commerce de Rouen in France and holds the French equivalent of a Master's degree in finance.

Web Page:https://www.ivafunds.com/us-investors/mutual-funds/worldwide-fund

Investing Philosophy

Charles de Vaulx employs a value oriented approach and will seek investments in companies of any size that typically have one or more of the following characteristics: financial strength, temporarily depressed earnings or entrenched franchises. However, the overriding attribute of such companies is that their securities offer fundamental value. He is a global investor as most of his portfolio is invested in international companies.
The portfolio we track for Charles De Vaulx is IVA Worldwide Fund.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of IVA Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20143.213.69-10.5
201316.9332.39-15.5
20126.6316-9.4
3-Year Cumulative28.7 (8.8%/year)74.6 (20.4%/year)-45.9 (-11.6%/year)
2011-2.222.11-4.3
201017.2215.062.2
5-Year Cumulative47.5 (8.1%/year)105.1 (15.5%/year)-57.6 (-7.4%/year)
200923.0326.46-3.4

Top Ranked Articles

New Guru Added: Charles de Vaulx
As we continue to extend our coverage to global market for GuruFocus Global Membership, we are glad to announce that we have just added Charles de Vaulx into our List of Gurus. We want to point out that Charles de Vaulx was in our List of Gurus before he left First Eagle Funds in 2008. We are happy to have him back, now with IVA Funds. Charles invests extensively in global markets and has generated impressive track records. We will track both of his funds: IVA Worldwide Value Fund and IVA International Value Fund. Read more...
Charles de Vaulx Buys 4 New International Stocks in Fourth Quarter
Renowned global investor Charles de Vaulx manages the IVA Worldwide Fund and purchased four new stocks for it in the fourth quarter. Read more...
Charles de Vaulx's Worldwide Fund Buys 3 New Stocks in Q3
Charles de Vaulx (Trades, Portfolio)’s Worldwide Fund beat its benchmark for the first three quarters of the year, returning 4.04% compared to 3.73% for the MSCI All Country World Index. He initiated three new positions when market volatility allowed him to purchase at discounts to his estimates of intrinsic value. In his third quarter letter, de Vaulx said of the current market: Read more...
“Patience is a necessary virtue for value investors” – A Look into the International Value Investor Charles de Vaulx
“Patience is a necessary virtue for value investors; patience to see the market recognize some value it was previously ignoring; or, more to the case now, patience to wait for the fat pitch, free of the short-term vagaries of benchmarks.” Read more...
Charles de Vaulx's 2 New Stocks Found in India and Japan
Charles de Vaulx (Trades, Portfolio)’s IVA Funds was only 55% invested in equities on average from Oct. 1, 2013 to March 31, 2014, to protect against risk in light of soaring valuations spurred by quantitative easing and low interest rates. Fund managers have sought out for investments well-capitalized companies with healthy balance sheets to see them through turns in business or recessions. In his semi-annual letter, de Vaulx said: Read more...
» More Charles de Vaulx Articles

Commentaries and Stories

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IVA International Fund Adds Four Positions to Portfolio IVA International Fund,Charles de Vaulx - IVA International Fund Adds Four Positions To Portfolio
IVA International Fund (Trades, Portfolio) added four new positions to its portfolio during the fourth quarter of 2014. The Chief Investment Officer of the firm is guru Charles de Vaulx (Trades, Portfolio). More...

INTERNATIONAL STOCK


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Charles de Vaulx Adds Four New Positions to Portfolio Charles de Vaulx - Charles De Vaulx Adds Four New Positions To Portfolio
Charles de Vaulx (Trades, Portfolio) of IVA Worldwide Fund added four new positions to his portfolio, which includes 90 stocks and has a quarter over quarter turnover of 10%. More...

INTERNATIONAL STOCK


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Charles de Vaulx Buys 4 New International Stocks in Fourth Quarter Charles De Vaulx - Charles De Vaulx Buys 4 New International Stocks In Fourth Quarter
Renowned global investor Charles de Vaulx manages the IVA Worldwide Fund and purchased four new stocks for it in the fourth quarter. More...

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Charles de Vaulx Purchases 4 New Holdings in Q4 Charles de Vaulx - Charles De Vaulx Purchases 4 New Holdings In Q4
Charles de Vaulx (Trades, Portfolio) joined International Value Advisers in 2008 and serves as chief investment officer and portfolio manager. Prior to IVA, he was the portfolio manager of the First Eagle Global, Overseas, U.S. Value, Gold, and Variable Funds. More...

CHARLES DE VAULX, IVA, INTERNATIONAL VALUE ADVISORS


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Three Gurus Invest in Chilean Conglomerate in Fourth Quarter Charles de Vaulx, Tweedy Browne - Three Gurus Invest In Chilean Conglomerate In Fourth Quarter
Three gurus have made large investments recently in Antofagasta PLC (ANTO.UK). Antofagasta may not be a household word in America, but it is one of the most important conglomerates in Chile. It has offices in London as well as Chile and is listed on the London Stock Exchange, where it is the 33rd-largest company. More...

Chile, Copper, Antofagasta, Mining, Commodities


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Charles De Vaulx IVA Worldwide Fund - 2014 Year In Review
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International Value Advisers Funds 2014 Annual Commentary
Global equity markets delivered solid returns again for this fiscal year ending September 30, 2014 with the S&P 500 Index hitting a record high close on September 18, 2014, but it wasn’t a smooth ride. Global equity markets experienced significant volatility from late January 2014 to early February 2014, from late July 2014 to early August 2014, and for most of September 2014. In December 2013, the Federal Reserve announced they would begin tapering their quantitative easing program in early 2014 with it ending later that year despite continued slow economic growth. Towards the end of the fiscal year, equity markets fell as they digested the possibility of the Federal Reserve raising rates earlier than expected and the outlook for the global economy darkened with growth in Europe and China slowing. Additionally, the U.S. dollar strengthened significantly against most major currencies and crude oil fell sharply in the third quarter 2014. More...

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IVA Worldwide Fund 2014 Annual Commentary
IVA Worldwide Fund More...

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Charles de Vaulx's Worldwide Fund Buys 3 New Stocks in Q3 Charles de Vaulx,IVA Worldwide Fund - Charles De Vaulx's Worldwide Fund Buys 3 New Stocks In Q3
Charles de Vaulx (Trades, Portfolio)’s Worldwide Fund beat its benchmark for the first three quarters of the year, returning 4.04% compared to 3.73% for the MSCI All Country World Index. He initiated three new positions when market volatility allowed him to purchase at discounts to his estimates of intrinsic value. In his third quarter letter, de Vaulx said of the current market: More...

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Charles de Vaulx’s IVA Worldwide Fund Q3 2014 Review
The IVA Worldwide Fund Class A (NAV) (“the Fund”) ended the quarter on September 30, 2014 with a return of -1.23% versus the MSCI All Country World Index (“Index”) return of -2.31%. This brings our year-to-date return to 4.04% versus the Index return of 3.73% for the same period. More...

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Charles de Vaulx's IVA Worldwide Fund Third Quarter 2014 Review
The IVA Worldwide Fund Class A (NAV) (“the Fund”) ended the quarter on September 30, 2014 with a return of -1.23% versus the MSCI All Country World Index (“Index”) return of -2.31%. This brings our year-to-date return to 4.04% versus the Index return of 3.73% for the same period. More...

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IVA International Fund Q3 2014 Commentary
The IVA International Fund (Trades, Portfolio) Class A (NAV) (“the Fund”) ended the quarter on September 30, 2014 with a return of -1.00% versus the MSCI All Country World Index (ex-U.S.)(“Index”) return of -5.27%. This brings our year-to-date return to 3.42% versus the Index return of 0.00% for the same period. More...

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Charles de Vaulx's IVA Funds Newsletter
Warren Buffett (Trades, Portfolio) surprised active managers, especially value investors, when he disclosed a feature of his will in his 2013 shareholder letter: Buffett instructed the trustee for his wife’s cash to put 10% of it in short-term government bonds and 90% in a very low-cost S&P 500 Index Fund. He believes the trust’s long-term results from this policy will be superior to those attained by most investors – pension funds, institutions, or individuals – who employ high-fee managers. This is a very different recommendation from his seminal Superinvestors of Graham-and-Doddsville speech in which he illustrated how active, value managers can do far better than indexes over time. More...

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Charles de Vaulx's IVA International Fund Q2 2014 Review
The IVA International Fund (Trades, Portfolio) Class A (NAV) (“the Fund”) ended the quarter on June 30, 2014 with a return of 2.50% compared to the MSCI All Country World Index (ex-U.S.) (“Index”) return of 5.03%. This brings our year-to-date return to 4.46% versus the Index return of 5.56% for the same period. More...

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“Patience is a necessary virtue for value investors” – A Look into the International Value Investor Charles de Vaulx Charles de Vaulx - “Patience Is A Necessary Virtue For Value Investors” – A Look Into The International Value Investor Charles De Vaulx
“Patience is a necessary virtue for value investors; patience to see the market recognize some value it was previously ignoring; or, more to the case now, patience to wait for the fat pitch, free of the short-term vagaries of benchmarks.” More...

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Rating: 5.0/5 (1 vote)

Charles de Vaulx's 2 New Stocks Found in India and Japan Charles de Vaulx,IVA International Fund - Charles De Vaulx's 2 New Stocks Found In India And Japan
Charles de Vaulx (Trades, Portfolio)’s IVA Funds was only 55% invested in equities on average from Oct. 1, 2013 to March 31, 2014, to protect against risk in light of soaring valuations spurred by quantitative easing and low interest rates. Fund managers have sought out for investments well-capitalized companies with healthy balance sheets to see them through turns in business or recessions. In his semi-annual letter, de Vaulx said: More...

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Charles de Vaulx's Semi-Annual IVA Funds Letter from the Portfolio Managers
April 30, 2014 More...

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IVA International's Charles De Vaulx Reports His Year End Top Stocks Charles De Vaulx - IVA International's Charles De Vaulx Reports His Year End Top Stocks
Charles De Vaulx of the IVA Funds reported his third quarter holdings this past week. In October the IVA Funds celebrated their fifth year in the business. The fund maintains a dual investment approach which is split into short- and long-term investments. IVA reports that their short-term (12 to 18 months) investments are in order to preserve capital while their longer term (5 to 10 years) they try to perform better that their equity benchmark. The fund also reported that over the past five years, they achieved both of these goals with their investments. More...

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Charles De Vaulx IVA Worldwide Fund Quarterly Review - Fourth Quarter 2013
The IVA Worldwide Fund Class A (NAV) ended the quarter on December 31, 2013 with a return of 3.80% compared to the MSCI All Country World Index ("Index") return of 7.31%. This brings our year-to-date return to 16.93% versus the Index return of 22.80% for the same period. We witnessed another quarter of equity markets trending higher, despite news that the Federal Reserve would begin to taper its bond buying program in 2014 and despite unremarkable economic growth around the world. We found a few opportunities this quarter in what we view as reasonably priced U.S. and European stocks, which helped to offset some trimming in equities that we believe are close to full valuation. Therefore our equity exposure was unchanged over the period at 52.8%. More...

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Charles De Vaulx Annual Investor Letter - Now Is the Time for a Focus on Loss Avoidance
Dear Shareholder, More...

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