Mirova International Megatrends Fund Class A (MRVAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
13.78
-0.03 (-0.22%)
Jul 3, 2025, 4:00 PM EDT
10.42%
Fund Assets 16.61M
Expense Ratio 1.20%
Min. Investment $2,500
Turnover 33.00%
Dividend (ttm) 0.15
Dividend Yield 1.02%
Dividend Growth 23.99%
Payout Frequency Semi-Annual
Ex-Dividend Date Dec 23, 2024
Previous Close 13.81
YTD Return 15.60%
1-Year Return 11.80%
5-Year Return 35.38%
52-Week Low 11.34
52-Week High 13.91
Beta (5Y) 0.96
Holdings 48
Inception Date Dec 28, 2018

About MRVAX

The Mirova International Sustainable Equity Fund Class A is an actively managed mutual fund focused on investing in international equities with a strong emphasis on sustainability and environmental, social, and governance (ESG) integration. Designed for investors seeking long-term capital appreciation, the fund utilizes a high conviction, multi-thematic approach, typically holding around 40 to 60 stocks across developed markets outside the United States. The fund targets companies poised to benefit from structural megatrends such as demographic shifts, environmental challenges, technological innovation, and evolving governance practices. A distinctive feature of the fund is its strict alignment with the United Nations Sustainable Development Goals (SDGs), favoring companies that demonstrate positive societal and environmental impact while maintaining coherence with a 2°C global warming scenario. The investment process deliberately avoids or limits exposure to sectors associated with controversial weapons, tobacco, and small arms, and aims to minimize investments in fossil fuels. With low portfolio turnover and a rigorous buy-and-sell discipline grounded in fundamental quality, sustainability criteria, and valuation, the fund seeks to manage risk and participate in the long-term growth of responsible enterprises on the international stage.

Fund Family Natixis Funds
Category Foreign Large Blend
Stock Exchange NASDAQ
Ticker Symbol MRVAX
Share Class Class A
Index MSCI EAFE NR USD

Performance

MRVAX had a total return of 11.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.33%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol Provider Name Expense Ratio
FZAIX Fidelity Fidelity Advisor International Discovery Fund - Class Z 0.50%
SWMIX Schwab Schwab International Opportunities Fund 0.85%
FAERX Fidelity Fidelity Advisor Overseas Fund - Class M 1.28%
FAOCX Fidelity Fidelity Advisor Overseas Fund - Class C 1.81%
FIGRX Fidelity Fidelity International Discovery Fund 0.58%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
MRVNX Class N 0.90%
MRVYX Class Y 0.95%

Top 10 Holdings

39.37% of assets
Name Symbol Weight
SAP SE SAP 5.84%
Iberdrola, S.A. IBE 5.11%
L'Air Liquide S.A. AI 4.02%
KBC Group NV KBC 3.77%
ASML Holding N.V. ASML 3.58%
Shopify Inc. SHOP 3.55%
Legal & General Group Plc LGEN 3.49%
Adyen N.V. ADYEN 3.42%
Halma plc HLMA 3.31%
Symrise AG SY1 3.30%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Dec 23, 2024 $0.1497 Dec 24, 2024
Apr 4, 2024 $0.0038 Apr 5, 2024
Dec 27, 2023 $0.1055 Dec 28, 2023
Apr 6, 2023 $0.0183 Apr 10, 2023
Dec 27, 2022 $0.3749 Dec 28, 2022
Dec 28, 2021 $0.3083 Dec 29, 2021
Full Dividend History