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 05/31/2019)
$1.80 BN
Composite Benchmark
MSCI ACWI ex US
Available Vehicles
Commingled Vehicle
Performance
Average Annual Returns
Calendar Year Returns
as of 05/31/2019
as of 03/31/2019

Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
9.33% -7.42% 7.19% 3.56% 11.44% 2.55%
International Equity (net of fees)
9.14% -8.09% 6.43% 2.82% 10.64% 1.81%
MSCI ACWI ex US
10.31% -4.22% 8.09% 2.57% 8.85% 1.14%
Cumulative
Annualized
ytd as of 2019-05-31
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
5.79% -10.70% 5.67% 2.64% 7.52% 2.21%
International Equity (net of fees)
5.48% -11.34% 4.92% 1.91% 6.75% 1.48%
MSCI ACWI ex US
7.15% -6.26% 6.72% 1.31% 5.80% 0.86%

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.

Portfolio

Top Issuers

(43.3% of assets as of 05/31/2019)


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 24.2% 16.1% 8.1%
France 17.2% 7.4% 9.8%
United Kingdom 11.2% 11.3% -0.1%
China 6.8% 8.2% -1.5%
Germany 6.1% 5.8% 0.3%
Netherlands 4.9% 2.4% 2.5%
South Korea 4.7% 3.2% 1.5%
Canada 4.0% 6.8% -2.8%
Hong Kong 3.2% 2.6% 0.6%
United States 2.7% 0.0% 2.7%
Switzerland 1.5% 6.1% -4.6%
New Zealand 1.4% 0.2% 1.2%
Spain 1.0% 2.0% -1.0%
Taiwan 1.0% 2.9% -1.9%
Sweden 0.7% 1.7% -1.0%
Developed Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Europe 42.6% 41.8% 0.8%
Asia Pacific 28.8% 24.6% 4.2%
Americas 6.7% 6.8% -0.1%
Emerging Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Asia Pacific 12.5% 19.0% -6.6%
Equity Sector International Equity MSCI ACWI ex US
Overweight / Underweight
Consumer Discretionary 17.4% 11.1% 6.4%
Consumer Staples 15.1% 10.1% 5.0%
Industrials 14.4% 11.8% 2.6%
Communication Services 13.0% 7.0% 6.0%
Information Technology 9.2% 8.4% 0.8%
Materials 8.3% 7.5% 0.9%
Financials 7.2% 22.0% -14.8%
Energy 4.1% 7.3% -3.2%
Health Care 1.0% 8.2% -7.2%
Real Estate 0.8% 3.3% -2.6%
Industry International Equity MSCI ACWI ex US
Overweight / Underweight
Beverages 5.5% 2.0% 3.5%
Aerospace & Defense 5.4% 1.1% 4.3%
Hotels Restaurants & Leisure 5.2% 1.3% 3.9%
Metals & Mining 4.4% 3.3% 1.1%
Food Products 4.4% 3.0% 1.4%
Banks 4.2% 13.4% -9.2%
Oil Gas & Consumable Fuels 4.1% 7.2% -3.1%
Professional Services 4.1% 1.1% 3.0%
Entertainment 3.9% 0.6% 3.2%
Chemicals 3.9% 3.1% 0.9%
Electronic Equipment Instruments & Components 3.4% 1.6% 1.8%
Software 3.3% 1.2% 2.1%
Personal Products 3.2% 1.8% 1.4%
Insurance 3.1% 5.3% -2.3%
Wireless Telecommunication Services 2.8% 2.1% 0.8%
Diversified Telecommunication Services 2.5% 2.0% 0.5%
Internet & Direct Marketing Retail 2.5% 2.0% 0.5%
Semiconductors & Semiconductor Equipment 2.4% 2.3% 0.2%
Interactive Media & Services 2.3% 1.7% 0.6%
Leisure Products 2.2% 0.2% 2.0%
Asset Allocation International Equity MSCI ACWI ex US
Overweight / Underweight
Equity 90.6% 100.0% -9.4%
Market Cap International Equity MSCI ACWI ex US
Overweight / Underweight
Large 77.5% 86.2% -8.8%
Mid 13.1% 13.5% -0.5%
Analytics
(As of 05/31/2019)

Performance Statistics
3Y
5Y
Alpha
-1.08
1.36
Beta
1.03
0.91
Information Ratio
-0.30
0.33
R-Squared
91.42
89.07
Upside Capture
101.91
96.15
Downside Capture
110.72
87.97
Win Ratio
42.00
47.00
Loss Ratio
58.00
53.00
Margin of Outperformance
0.88
1.13
Margin of Underperformance
-0.75
-0.79
Tracking Error
3.54
4.08
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$68.07 B
$60.48 B
Median Market Cap (weighted)
$33.56 B
$31.65 B
P/E Ratio (LTM)
16.01
14.66
P/E Ratio (NTM)
14.50
12.71
Price/Book
2.03
1.72
Return on Equity
15.80%
15.44%
Debt to Capital Ratio
37.18
39.91
Turnover Ratio
85%
-
Team

    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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