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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 01/31/2019)
$1.90 BN
Composite Benchmark
MSCI ACWI ex US
Available Vehicles
Commingled Vehicle
Performance
Average Annual Returns
Cumulative Returns
Calendar Year Returns
as of 01/31/2019
as of 12/31/2018

Cumulative
Annualized
3 mo 1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
-12.99% -16.49% 4.58% 0.84% 8.73% 1.77%
International Equity (net of fees)
-13.15% -17.10% 3.83% 0.12% 7.95% 1.04%
MSCI ACWI ex US
-11.46% -14.20% 4.48% 0.68% 6.57% 0.27%
Cumulative
Annualized
3 mo 1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
0.99% -16.09% 8.06% 3.24% 10.48% 2.30%
International Equity (net of fees)
0.81% -16.70% 7.29% 2.50% 9.69% 1.56%
MSCI ACWI ex US
3.66% -12.58% 9.59% 3.11% 8.35% 0.92%

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%
2018 -16.49% -17.10% -14.20%

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
1/31/2009 0.00 0.00 0.00
2/28/2009 -11.32 -11.38 -9.33
3/31/2009 -5.36 -5.48 -2.06
4/30/2009 10.68 10.49 11.29
5/31/2009 31.03 30.74 26.36
6/30/2009 33.97 33.59 24.97
7/31/2009 46.76 46.27 37.19
8/31/2009 55.94 55.32 42.26
9/30/2009 63.70 62.96 49.57
10/31/2009 58.69 57.88 47.72
11/30/2009 59.84 58.92 51.95
12/31/2009 66.04 64.99 55.16
1/31/2010 62.20 61.08 47.58
2/28/2010 60.77 59.57 47.58
3/31/2010 72.69 71.29 57.62
4/30/2010 75.11 73.59 56.23
5/31/2010 56.21 54.76 39.79
6/30/2010 54.56 53.02 38.00
7/31/2010 69.35 67.57 50.46
8/31/2010 61.96 60.17 46.32
9/30/2010 78.06 75.99 60.88
10/31/2010 86.56 84.28 66.36
11/30/2010 75.75 73.50 59.94
12/31/2010 90.68 88.13 72.46
1/31/2011 95.23 92.51 74.16
2/28/2011 100.35 97.44 78.75
3/31/2011 95.92 92.96 78.34
4/30/2011 106.38 103.15 87.05
5/31/2011 100.38 97.11 81.66
6/30/2011 96.53 93.21 79.02
7/31/2011 89.10 85.79 76.58
8/31/2011 70.53 67.43 61.45
9/30/2011 51.99 49.13 43.48
10/31/2011 62.94 59.78 58.60
11/30/2011 55.23 52.13 50.51
12/31/2011 48.94 45.88 48.82
1/31/2012 57.12 53.80 58.92
2/29/2012 64.73 61.15 67.85
3/31/2012 65.99 62.29 65.54
4/30/2012 64.02 60.26 62.93
5/31/2012 46.96 43.50 44.43
6/30/2012 55.76 52.01 52.95
7/31/2012 55.92 52.07 55.11
8/31/2012 63.93 59.80 58.35
9/30/2012 70.93 66.52 64.27
10/31/2012 74.97 70.35 64.90
11/30/2012 78.42 73.61 68.05
12/31/2012 85.64 80.53 73.87
1/31/2013 94.98 89.51 80.94
2/28/2013 96.67 91.04 79.03
3/31/2013 101.40 95.51 79.38
4/30/2013 110.72 104.45 85.98
5/31/2013 105.51 99.27 81.68
6/30/2013 103.07 96.78 73.80
7/31/2013 115.19 108.41 81.41
8/31/2013 111.84 105.04 78.91
9/30/2013 128.17 120.72 91.33
10/31/2013 133.85 126.08 98.36
11/30/2013 138.57 130.52 98.70
12/31/2013 145.18 136.76 100.45
1/31/2014 130.99 122.91 91.34
2/28/2014 139.19 130.69 100.95
3/31/2014 134.64 126.17 101.47
4/30/2014 133.70 125.13 104.13
5/31/2014 137.40 128.55 108.10
6/30/2014 140.62 131.52 111.60
7/31/2014 132.68 123.74 109.50
8/31/2014 132.82 123.74 110.66
9/30/2014 123.93 115.06 100.46
10/31/2014 125.85 116.78 98.47
11/30/2014 131.48 122.05 99.91
12/31/2014 122.75 113.55 92.70
1/31/2015 124.22 114.83 92.42
2/28/2015 134.11 124.17 102.70
3/31/2015 133.95 123.88 99.43
4/30/2015 144.64 133.98 109.50
5/31/2015 146.13 135.27 106.23
6/30/2015 138.30 127.64 100.48
7/31/2015 139.97 129.10 99.92
8/31/2015 122.62 112.40 84.64
9/30/2015 115.88 105.84 76.08
10/31/2015 130.43 119.59 89.19
11/30/2015 128.35 117.48 85.28
12/31/2015 123.51 112.74 81.79
1/31/2016 114.70 104.23 69.42
2/29/2016 113.07 102.55 67.49
3/31/2016 126.92 115.60 81.11
4/30/2016 128.81 117.26 85.87
5/31/2016 129.19 117.50 82.74
6/30/2016 125.48 113.84 79.94
7/31/2016 137.32 124.94 88.84
8/31/2016 138.20 125.64 90.03
9/30/2016 143.49 130.51 92.38
10/31/2016 136.33 123.60 89.61
11/30/2016 130.61 118.05 85.22
12/31/2016 130.77 118.07 89.96
1/31/2017 140.21 126.86 96.69
2/28/2017 142.18 128.58 99.83
3/31/2017 152.88 138.55 104.89
4/30/2017 161.99 147.00 109.28
5/31/2017 173.09 157.32 116.07
6/30/2017 177.33 161.15 116.74
7/31/2017 186.06 169.22 124.73
8/31/2017 186.92 169.87 125.91
9/30/2017 193.78 176.16 130.10
10/31/2017 203.12 184.77 134.43
11/30/2017 204.15 185.57 136.33
12/31/2017 206.13 187.26 141.62
1/31/2018 222.90 202.83 155.07
2/28/2018 207.76 188.44 143.05
3/31/2018 201.91 182.79 138.76
4/30/2018 204.87 185.39 142.57
5/31/2018 202.86 183.33 136.97
6/30/2018 192.99 173.93 132.52
7/31/2018 198.41 178.83 138.08
8/31/2018 193.33 173.92 133.09
9/30/2018 193.80 174.20 134.16
10/31/2018 168.27 150.21 115.11
11/30/2018 169.53 151.23 117.15
12/31/2018 155.65 138.14 107.32
1/31/2019 170.94 152.24 122.98

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

(40.0% of assets as of 01/31/2019)


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 24.9% 16.5% 8.4%
France 15.4% 7.4% 8.0%
United Kingdom 11.5% 11.3% 0.2%
China 8.1% 8.2% -0.1%
Germany 6.5% 5.9% 0.6%
South Korea 6.1% 3.7% 2.5%
Canada 4.4% 6.7% -2.4%
Netherlands 4.2% 2.3% 1.9%
Hong Kong 2.7% 2.6% 0.1%
New Zealand 1.7% 0.2% 1.5%
United States 1.7% 0.0% 1.7%
Switzerland 1.1% 5.8% -4.7%
Spain 0.9% 2.1% -1.1%
Taiwan 0.7% 2.8% -2.1%
Sweden 0.6% 1.8% -1.2%
Developed Markets International Equity MSCI ACWI ex US Overweight / Underweight
Europe 40.2% 41.7% -1.5%
Asia Pacific 29.3% 24.8% 4.5%
Americas 6.1% 6.8% -0.7%
Emerging Markets International Equity MSCI ACWI ex US Overweight / Underweight
Asia Pacific 14.9% 19.0% -4.1%
Equity Sector International Equity MSCI ACWI ex US Overweight / Underweight
Consumer Discretionary 21.0% 10.7% 10.3%
Consumer Staples 14.9% 9.6% 5.2%
Communication Services 13.4% 7.6% 5.8%
Industrials 13.1% 11.7% 1.5%
Materials 8.3% 7.6% 0.7%
Information Technology 7.2% 8.1% -0.9%
Financials 5.8% 22.1% -16.4%
Energy 4.0% 7.4% -3.4%
Health Care 1.9% 8.2% -6.3%
Real Estate 0.8% 3.4% -2.6%
Industry International Equity MSCI ACWI ex US Overweight / Underweight
Hotels Restaurants & Leisure 7.7% 1.3% 6.5%
Metals & Mining 4.8% 3.4% 1.3%
Aerospace & Defense 4.7% 1.1% 3.6%
Beverages 4.7% 1.9% 2.8%
Oil Gas & Consumable Fuels 4.0% 7.4% -3.3%
Food Products 3.8% 2.7% 1.0%
Entertainment 3.7% 0.6% 3.1%
Chemicals 3.6% 3.1% 0.5%
Personal Products 3.6% 1.6% 2.0%
Wireless Telecommunication Services 3.5% 2.0% 1.5%
Machinery 3.2% 1.9% 1.4%
Interactive Media & Services 3.1% 1.8% 1.3%
Professional Services 3.0% 0.9% 2.1%
Internet & Direct Marketing Retail 2.8% 1.4% 1.4%
Banks 2.8% 13.6% -10.8%
Diversified Telecommunication Services 2.7% 2.0% 0.7%
Software 2.5% 1.0% 1.5%
Auto Components 2.4% 1.0% 1.4%
Electronic Equipment Instruments & Components 2.3% 1.5% 0.8%
Household Durables 2.2% 0.9% 1.3%
Asset Allocation International Equity MSCI ACWI ex US Overweight / Underweight
Equity 90.5% 100.0% -9.5%
Market Cap International Equity MSCI ACWI ex US Overweight / Underweight
Large 81.5% 88.8% -7.3%
Mid 9.0% 11.1% -2.1%
Analytics
(As of 01/31/2019)

Performance Statistics
3Y
5Y
Alpha
-0.97
0.41
Beta
0.95
0.88
Information Ratio
-0.40
0.03
R-Squared
89.51
87.91
Upside Capture
93.43
87.97
Downside Capture
100.56
85.00
Win Ratio
39.00
42.00
Loss Ratio
61.00
58.00
Margin of Outperformance
0.97
1.19
Margin of Underperformance
-0.81
-0.84
Tracking Error
3.78
4.24
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$65.16 B
$61.04 B
Median Market Cap (weighted)
$34.42 B
$31.73 B
P/E Ratio (LTM)
15.77
14.26
P/E Ratio (NTM)
14.18
12.47
Price/Book
2.12
1.73
Return on Equity
15.94%
15.62%
Debt to Capital Ratio
34.59
39.81
Turnover Ratio
85%
-

    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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