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WHV International Equity Fund
Wentworth, Hauser and Violich is pleased to offer the WHV International Equity strategy as an open-end mutual fund investment option. The WHV International Equity Fund employs the same top-down sector allocation approach as the long running separate account strategy, managed by Mr. Richard K. Hirayama, and is currently available in A (WHVAX) and I (WHVIX) shares classes.
The WHV International Equity Fund is part of the FundVantage Trust. For more complete information, a prospectus may be obtained by calling 888.948.4685 (888.WHV.INTL) or clicking on the link provided.
A Share
Class: Retail
Ticker: WHVAX
CUSIP: 360873871
Inception: 07/31/09
Prospectus Expense Ratio (gross)^: 163.93%
Expense Ratio: 1.50%
Minimum Investment: $5,000
I Share
Class: Institutional
Ticker: WHVIX
CUSIP: 360873863
Inception: 12/19/08
Prospectus Expense Ratio (gross)^: 163.68%
Expense Ratio: 1.25%
Minimum Investment: $500,000
^WHV has agreed to contractually limit expenses to 1.50% (Class A) and 1.25% (Class I) through April 30, 2012.
Objective
The objective of the WHV International Equity Fund is to provide a portfolio of primarily large capitalization international equity growth stocks that is expected to generate long-term capital appreciation. The fund invests in American Depository Receipts (ADRs), U.S. Dollar-denominated foreign equity securities and foreign equity securities.
Philosophy
The investment philosophy of the WHV International Equity Fund is grounded in the belief that investing in the most attractive global economic sectors can generate superior investment performance. The mutual fund employs the same top-down sector allocation approach as the long-running WHV International Equity strategy and is managed by Mr. Richard K. Hirayama.
Process
The Fund utilizes a top-down sector allocation strategy with the objective of generating superior performance. First, the relative attractiveness of 10 global economic sectors is analyzed. Second, the potential of each industry group is examined. Third, the attractiveness of each country is analyzed. Fourth, a universe of foreign equity securities is researched. Lastly, a portfolio of 30 to 60 stocks is constructed, representing primarily economic sectors that have the potential to deliver superior long-term earnings growth.
Disclosures
The Fund is subject to the additional risk of investing in foreign markets and is also subject to the risk of losses caused by changes in foreign currency exchange rates.
The Fund may also invest in securities of companies operating in emerging market countries. Securities of such companies may be more volatile than securities of companies operating in more developed markets and therefore may involve greater risks. No more than 10% of the Fund at cost may be invested in emerging markets.
The fund charges a 2.0% redemption fee on shares redeemed within 60 days.
The WHV International Equity Fund is distributed by BNY Mellon Distributors Inc., 760 Moore Rd., King of Prussia, PA, 19406.
You should consider the investment objectives, risks, charges and expenses of the WHV International Equity Fund carefully before investing. You may obtain a prospectus with this and other information about the funds by calling 888-948-4685, or by clicking the link provided. Read the prospectus carefully before investing.
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