Causeway International Small Cap Fund (CVISX)
The fund invests primarily in common stocks of companies with smaller market capitalizations located in developed and emerging markets outside the U.S. The fund normally invests at least 80% of its total assets in equity securities of companies with smaller market capitalizations. Smaller market capitalization companies have market capitalizations that do not exceed the highest market capitalization of a company included in the fund's benchmark, the MSCI ACWI ex USA Small Cap Index (Gross), at the time of purchase.
Fund Info
US14949P8023
14949P802
Oct 19, 2014
$5,000
Mid-Cap
Value
Expense Ratio
CVISX has a high expense ratio of 1.35%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Causeway International Small Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Causeway International Small Cap Fund (CVISX) returned 6.38% year-to-date (YTD) and 2.85% over the past 12 months. Over the past 10 years, CVISX returned 5.68% annually, underperforming the S&P 500 benchmark at 10.43%.
CVISX
6.38%
14.34%
-2.73%
2.85%
15.66%
5.68%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of CVISX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.04% | 0.51% | 0.66% | 2.68% | 1.34% | 6.38% | |||||||
| 2024 | 1.18% | 1.82% | 3.42% | -0.97% | 3.62% | -1.21% | 2.99% | 0.92% | 2.55% | -3.45% | 0.79% | -7.12% | 4.07% |
| 2023 | 6.75% | -3.12% | 0.34% | 2.11% | -1.82% | 7.50% | 8.70% | -3.10% | -1.26% | -5.05% | 8.97% | 5.18% | 26.56% |
| 2022 | -2.19% | 0.15% | 1.69% | -5.08% | 1.20% | -13.56% | 6.11% | -1.81% | -10.95% | 3.93% | 10.97% | -0.05% | -11.51% |
| 2021 | 0.97% | 5.16% | 5.57% | 6.15% | 1.41% | 1.32% | -2.10% | 0.59% | -3.82% | 1.14% | -3.62% | 7.45% | 21.31% |
| 2020 | -4.64% | -7.80% | -21.19% | 8.97% | 1.74% | 6.49% | 6.84% | 4.70% | -0.48% | -2.59% | 7.99% | 6.97% | 2.48% |
| 2019 | 8.51% | 1.66% | 1.18% | 2.06% | -6.77% | 4.34% | -2.62% | -2.50% | 2.28% | 4.19% | 0.36% | 5.37% | 18.55% |
| 2018 | 6.12% | -3.75% | -0.97% | -0.30% | -2.66% | -3.74% | 2.11% | -0.71% | -1.12% | -9.21% | -3.38% | -5.34% | -21.35% |
| 2017 | 4.08% | 0.91% | 3.16% | 1.93% | 1.63% | 3.98% | 6.02% | 2.46% | 1.50% | 0.74% | 0.66% | -2.36% | 27.41% |
| 2016 | -8.50% | 0.63% | 7.80% | 0.68% | 0.10% | -1.25% | 6.50% | -1.91% | 1.21% | -0.18% | -2.94% | 2.23% | 3.42% |
| 2015 | -0.29% | 5.59% | -0.09% | 7.53% | 0.52% | -3.70% | -1.52% | -6.80% | -1.75% | 6.34% | -1.21% | 0.68% | 4.42% |
| 2014 | 2.50% | -0.39% | 0.20% | 2.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CVISX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Causeway International Small Cap Fund (CVISX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Causeway International Small Cap Fund provided a 4.91% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.71 | $0.82 | $0.31 | $0.46 | $0.39 | $0.41 | $0.29 | $0.36 | $0.29 | $0.21 |
Dividend yield | 4.91% | 5.23% | 6.00% | 2.75% | 3.48% | 3.42% | 3.57% | 2.90% | 2.75% | 2.78% | 2.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Causeway International Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.29 |
| 2015 | $0.21 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Causeway International Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Causeway International Small Cap Fund was 48.50%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
The current Causeway International Small Cap Fund drawdown is 5.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.5% | Jan 29, 2018 | 541 | Mar 23, 2020 | 259 | Apr 1, 2021 | 800 |
| -25.2% | Jan 13, 2022 | 179 | Sep 29, 2022 | 195 | Jul 12, 2023 | 374 |
| -20.91% | May 18, 2015 | 171 | Jan 20, 2016 | 291 | Mar 16, 2017 | 462 |
| -17.76% | Sep 30, 2024 | 130 | Apr 7, 2025 | — | — | — |
| -9.95% | Aug 1, 2023 | 62 | Oct 26, 2023 | 25 | Dec 1, 2023 | 87 |
Volatility
Volatility Chart
The current Causeway International Small Cap Fund volatility is 4.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.