The fund is managed through a collaborative multimanager structure featuring three experienced advisory firms. ARGA Investment Management, led by founder A. Rama Krishna with Steven Morrow and Rajat Suri, has managed a portion since 2012 focusing on quality businesses at attractive valuations. Sprucegrove Investment Management, headed by CEO Arjun Kumar alongside Shirley Woo (retiring end 2027), joined in 2020 bringing disciplined long-term value investing expertise. Altrinsic Global Advisors, the newest addition as of June 2025, is led by founder John Hock with Rich McCormick and John DeVita, replacing Lazard Asset Management after nearly 20 years. This team brings systematic global equity market analysis and cross-border investment perspective. Each firm manages approximately one-third of fund assets while maintaining distinct analytical approaches within the value investing framework.

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The Vanguard International Value Fund seeks long-term capital appreciation through broadly diversified exposure to major equity markets outside the United States. The fund invests in non-U.S. companies from developed and emerging markets that its advisors view as temporarily undervalued by the markets. The multimanager approach combines three distinct investment philosophies: ARGA's belief that investors overreact to short-term developments creating opportunities in 'good businesses at great prices', Sprucegrove's conviction that short-term market focus allows high-quality companies to trade at discounts for patient long-term investors, and Altrinsic's systematic approach to capitalizing on global market inefficiencies through fundamental analysis and cross-border perspective. Each advisor employs rigorous fundamental research to identify companies trading below intrinsic value with stable earnings potential and strong business models.

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