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International Equity

Overview

The Strategy typically invests in international stocks that the portfolio manager believes are undervalued.

Strategy Inception Date
August 1, 2003
Composite Inception Date
December 31, 2007
Composite AUM
(as of 11/30/2018)
$1.90 BN
Composite Benchmark
MSCI ACWI ex US
Available Vehicles
Commingled Vehicle
Performance
Average Annual Returns
Cumulative Returns
Calendar Year Returns
as of 11/30/2018
as of 09/30/2018

Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
-4.03% 0.01% 10.82% 5.19% 7.78% 3.14%
International Equity (net of fees)
-4.55% -0.71% 10.03% 4.43% 7.01% 2.40%
MSCI ACWI ex US
-3.09% 1.76% 9.97% 4.12% 5.18% 1.41%
Cumulative
Annualized
ytd as of 2018-11-30
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
-11.95% -11.38% 5.68% 2.47% 10.34% 2.28%
International Equity (net of fees)
-12.54% -12.03% 4.93% 1.74% 9.56% 1.55%
MSCI ACWI ex US
-10.13% -8.12% 5.43% 1.79% 7.66% 0.69%

OFI Global's International Equity Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.


Year International Equity (gross of fees) International Equity (net of fees) MSCI ACWI ex US
2008 -47.45% -47.85% -45.53%
2009 49.98% 48.94% 41.45%
2010 14.84% 14.02% 11.15%
2011 -21.89% -22.46% -13.71%
2012 24.64% 23.76% 16.83%
2013 32.07% 31.15% 15.29%
2014 -9.15% -9.81% -3.87%
2015 0.34% -0.38% -5.66%
2016 3.25% 2.51% 4.50%
2017 32.66% 31.73% 27.19%

OFI Global's International Equity Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.


Date International Equity (gross of fees) International Equity (net of fees) MSCI ACWI ex US
11/30/2008 0.00 0.00 0.00
12/31/2008 9.92 9.86 5.70
1/31/2009 -0.71 -0.83 -3.64
2/28/2009 -11.95 -12.11 -12.64
3/31/2009 -6.03 -6.26 -5.62
4/30/2009 9.90 9.57 7.24
5/31/2009 30.11 29.65 21.76
6/30/2009 33.02 32.48 20.41
7/31/2009 45.72 45.05 32.19
8/31/2009 54.83 54.03 37.08
9/30/2009 62.54 61.61 44.12
10/31/2009 57.57 56.57 42.34
11/30/2009 58.70 57.60 46.42
12/31/2009 64.86 63.62 49.51
1/31/2010 61.05 59.74 42.20
2/28/2010 59.63 58.24 42.20
3/31/2010 71.46 69.87 51.88
4/30/2010 73.86 72.15 50.54
5/31/2010 55.10 53.47 34.70
6/30/2010 53.46 51.75 32.97
7/31/2010 68.15 66.18 44.98
8/31/2010 60.81 58.84 40.99
9/30/2010 76.80 74.53 55.02
10/31/2010 85.23 82.75 60.30
11/30/2010 74.51 72.06 54.11
12/31/2010 89.32 86.57 66.18
1/31/2011 93.85 90.91 67.82
2/28/2011 98.93 95.80 72.24
3/31/2011 94.53 91.36 71.84
4/30/2011 104.92 101.46 80.24
5/31/2011 98.96 95.48 75.04
6/30/2011 95.14 91.61 72.50
7/31/2011 87.76 84.25 70.15
8/31/2011 69.32 66.05 55.56
9/30/2011 50.92 47.90 38.26
10/31/2011 61.78 58.46 52.82
11/30/2011 54.13 50.87 45.02
12/31/2011 47.89 44.67 43.40
1/31/2012 56.01 52.52 53.13
2/29/2012 63.56 59.81 61.73
3/31/2012 64.82 60.95 59.51
4/30/2012 62.86 58.93 56.99
5/31/2012 45.92 42.31 39.17
6/30/2012 54.66 50.75 47.37
7/31/2012 54.81 50.81 49.46
8/31/2012 62.77 58.47 52.58
9/30/2012 69.72 65.14 58.28
10/31/2012 73.73 68.94 58.90
11/30/2012 77.15 72.17 61.93
12/31/2012 84.32 79.04 67.54
1/31/2013 93.60 87.93 74.35
2/28/2013 95.28 89.46 72.50
3/31/2013 99.97 93.89 72.85
4/30/2013 109.23 102.75 79.20
5/31/2013 104.06 97.62 75.06
6/30/2013 101.63 95.15 67.47
7/31/2013 113.67 106.68 74.80
8/31/2013 110.33 103.34 72.39
9/30/2013 126.55 118.89 84.36
10/31/2013 132.19 124.21 91.13
11/30/2013 136.88 128.60 91.46
12/31/2013 143.44 134.80 93.15
1/31/2014 129.35 121.06 84.37
2/28/2014 137.49 128.78 93.63
3/31/2014 132.98 124.29 94.13
4/30/2014 132.04 123.26 96.69
5/31/2014 135.71 126.66 100.52
6/30/2014 138.92 129.60 103.89
7/31/2014 131.03 121.89 101.87
8/31/2014 131.17 121.89 102.99
9/30/2014 122.34 113.28 93.16
10/31/2014 124.25 114.99 91.24
11/30/2014 129.84 120.21 92.63
12/31/2014 121.17 111.78 85.68
1/31/2015 122.63 113.05 85.41
2/28/2015 132.45 122.31 95.32
3/31/2015 132.29 122.02 92.16
4/30/2015 142.90 132.04 101.87
5/31/2015 144.38 133.31 98.72
6/30/2015 136.61 125.75 93.17
7/31/2015 138.27 127.20 92.64
8/31/2015 121.04 110.64 77.91
9/30/2015 114.34 104.13 69.66
10/31/2015 128.79 117.76 82.29
11/30/2015 126.73 115.67 78.53
12/31/2015 121.93 110.97 75.17
1/31/2016 113.18 102.53 63.25
2/29/2016 111.56 100.87 61.39
3/31/2016 125.31 113.81 74.51
4/30/2016 127.18 115.45 79.10
5/31/2016 127.57 115.69 76.08
6/30/2016 123.88 112.07 73.39
7/31/2016 135.64 123.07 81.96
8/31/2016 136.51 123.77 83.11
9/30/2016 141.76 128.60 85.37
10/31/2016 134.65 121.74 82.70
11/30/2016 128.97 116.24 78.48
12/31/2016 129.13 116.26 83.04
1/31/2017 138.50 124.98 89.53
2/28/2017 140.46 126.69 92.55
3/31/2017 151.09 136.57 97.43
4/30/2017 160.13 144.95 101.66
5/31/2017 171.16 155.19 108.20
6/30/2017 175.36 158.99 108.85
7/31/2017 184.03 166.99 116.54
8/31/2017 184.89 167.63 117.68
9/30/2017 191.69 173.87 121.72
10/31/2017 200.97 182.41 125.89
11/30/2017 201.99 183.20 127.72
12/31/2017 203.96 184.87 132.81
1/31/2018 220.61 200.31 145.78
2/28/2018 205.58 186.05 134.19
3/31/2018 199.77 180.44 130.06
4/30/2018 202.71 183.02 133.73
5/31/2018 200.71 180.98 128.34
6/30/2018 190.91 171.66 124.05
7/31/2018 196.29 176.52 129.40
8/31/2018 191.25 171.65 124.60
9/30/2018 191.72 171.92 125.63
10/31/2018 166.37 148.13 107.27
11/30/2018 167.62 149.15 109.24

OFI Global's International Equity Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.

Portfolio

Top Issuers

(38.7% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 3
Country International Equity MSCI ACWI ex US Overweight / Underweight
Japan 24.7% 16.8% 7.9%
France 12.9% 7.4% 5.5%
United Kingdom 12.3% 11.7% 0.6%
China 6.9% 7.9% -1.0%
Germany 6.1% 6.0% 0.0%
South Korea 5.6% 3.5% 2.1%
Netherlands 4.3% 2.4% 2.0%
Canada 3.1% 6.6% -3.6%
United States 2.4% 0.0% 2.4%
New Zealand 1.7% 0.2% 1.6%
Hong Kong 1.2% 2.5% -1.3%
Spain 1.0% 2.1% -1.1%
Switzerland 0.8% 6.0% -5.2%
Taiwan 0.7% 2.9% -2.2%
Malaysia 0.2% 0.6% -0.4%
Developed Markets International Equity MSCI ACWI ex US Overweight / Underweight
Europe 37.4% 42.5% -5.1%
Asia Pacific 27.6% 25.0% 2.6%
Americas 5.5% 6.7% -1.2%
Emerging Markets International Equity MSCI ACWI ex US Overweight / Underweight
Asia Pacific 13.4% 18.7% -5.3%
Equity Sector International Equity MSCI ACWI ex US Overweight / Underweight
Consumer Discretionary 16.8% 10.4% 6.5%
Industrials 14.1% 11.8% 2.3%
Communication Services 12.2% 7.6% 4.6%
Consumer Staples 11.6% 9.7% 1.9%
Financials 8.9% 22.4% -13.6%
Information Technology 8.4% 8.1% 0.3%
Materials 6.2% 7.5% -1.3%
Energy 4.3% 7.3% -3.1%
Health Care 0.8% 8.8% -7.9%
Real Estate 0.6% 3.2% -2.6%
Industry International Equity MSCI ACWI ex US Overweight / Underweight
Hotels Restaurants & Leisure 5.1% 1.2% 3.9%
Beverages 4.6% 1.9% 2.7%
Oil Gas & Consumable Fuels 4.0% 7.3% -3.3%
Wireless Telecommunication Services 3.7% 2.0% 1.7%
Banks 3.6% 13.7% -10.2%
Aerospace & Defense 3.6% 1.1% 2.5%
Chemicals 3.5% 3.2% 0.3%
Professional Services 3.5% 0.9% 2.6%
Insurance 3.3% 5.3% -2.0%
Electronic Equipment Instruments & Components 3.2% 1.6% 1.7%
Diversified Telecommunication Services 2.7% 2.1% 0.6%
Interactive Media & Services 2.7% 1.8% 0.9%
Entertainment 2.7% 0.6% 2.1%
Metals & Mining 2.7% 3.2% -0.5%
Food Products 2.6% 2.8% -0.2%
Internet & Direct Marketing Retail 2.6% 1.2% 1.4%
Semiconductors & Semiconductor Equipment 2.5% 2.3% 0.2%
Machinery 2.3% 1.9% 0.4%
Household Durables 2.0% 0.9% 1.1%
Diversified Financial Services 2.0% 0.8% 1.2%
Asset Allocation International Equity MSCI ACWI ex US Overweight / Underweight
Equity 83.9% 100.0% -16.1%
Market Cap International Equity MSCI ACWI ex US Overweight / Underweight
Large 74.9% 88.1% -13.2%
Mid 8.9% 11.7% -2.7%
Analytics
(As of 11/30/2018)

Performance Statistics
3Y
5Y
Alpha
0.64
0.81
Beta
0.91
0.89
Information Ratio
0.06
0.16
R-Squared
87.37
86.76
Upside Capture
95.29
91.06
Downside Capture
91.70
85.87
Win Ratio
42.00
43.00
Loss Ratio
58.00
57.00
Margin of Outperformance
1.09
1.22
Margin of Underperformance
-0.75
-0.84
Tracking Error
4.04
4.29
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$60.25 B
$58.93 B
Median Market Cap (weighted)
$31.76 B
$30.81 B
P/E Ratio (LTM)
15.09
14.43
P/E Ratio (NTM)
13.28
12.23
Price/Book
1.94
1.71
Return on Equity
15.17%
15.09%
Debt to Capital Ratio
35.53
39.98
Turnover Ratio
83%
-

    The Composite gross-of-fee returns reflect the reinvestment of income and the impact of transaction costs, but do not include the deduction of investment advisory fees, distribution expenses or any other account expenses, such as custodial fees. Composite net-of-fee returns are calculated by deducting a model investment advisory fee (using the maximum investment advisory fee as determined by the product's fee schedule) from the Composite gross-of-fee returns. Annual fees for the International Equity product are 0.70% on the first $50 million under management, 0.65% on the next $50 million, and 0.60% on any additional amount. Actual fees may vary depending on, among other things, the vehicle type, applicable fee schedule and portfolio size. While actual portfolios incur transaction expenses, pay investment advisory fees, and may incur other account expenses, the benchmark index is shown without the impact of such charges.

  1. 1. Holdings are subject to change and are dollar-weighted based on assets.
  2. 2. The mention of specific companies does not constitute a recommendation on behalf of OFI Global.
  3. 3. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
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