An $11.8-billion mutual fund family is now broadly accessible again, after more than seven years out of reach. But don't expect the firm to ramp up its distribution team just yet.

On Tuesday New York City-based International Value Advisers (IVA [profile]), powered by star PMs Charles de Vaulx and Chuck de Lardemelle, reopened its two mutual funds to new investors. The funds — the $8-billion IVA Worldwide Fund (IVWAX) and the $3.8-billion IVA International Fund (IVIOX) — had been closed to most new investors since February 2011.

"Over the past 4 years, and most significantly over the past 6 months, outflows from our products have outpaced inflows," the IVA team writes. "The IVA Partners our mutual fund Board of Trustees believe it is in the best interests of our existing investors to re-open our products in an attempt to stabilize and maintain a healthy balance between inflows and outflows."

Despite the re-opening, a spokesman for IVA tells MFWire that "there are no plans to add to the marketing staff" for now. Yet if IVA is looking to build strong inflows, it wouldn't be surprising if they were to add resources here. IVA's marketing team currently includes: Tara Hannigan, director of mutual fund distribution; Nadia Paselsky, director of institutional sales; Joan Hull, director of offshore sales and senior institutional sales and marketing manager; and three regional sales and marketing directors.

Of course, if IVA's inflows do ramp up, they may close off the funds to new investors, again.

"We will continue to monitor the pace of investments and will not hesitate to consider restricting inflows when we believe it is again necessary," the IVA team writes.

The 11-year-old firm had $17.7 billion in AUM as of June 30. 

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