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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 03/31/2019)
$1.90 BN
Composite Benchmark
MSCI ACWI ex US
Available Vehicles
Commingled Vehicle
Performance
Average Annual Returns
Cumulative Returns
Calendar Year Returns
as of 03/31/2019
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 2019-03-31
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%

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
3/31/2009 0.00 0.00 0.00
4/30/2009 16.95 16.89 13.63
5/31/2009 38.46 38.32 29.01
6/30/2009 41.56 41.33 27.59
7/31/2009 55.08 54.74 40.07
8/31/2009 64.77 64.32 45.25
9/30/2009 72.98 72.41 52.71
10/31/2009 67.68 67.03 50.82
11/30/2009 68.89 68.13 55.14
12/31/2009 75.44 74.55 58.42
1/31/2010 71.39 70.42 50.68
2/28/2010 69.88 68.81 50.68
3/31/2010 82.47 81.22 60.93
4/30/2010 85.02 83.65 59.51
5/31/2010 65.06 63.72 42.72
6/30/2010 63.31 61.89 40.89
7/31/2010 78.94 77.29 53.61
8/31/2010 71.14 69.45 49.39
9/30/2010 88.15 86.19 64.26
10/31/2010 97.12 94.96 69.85
11/30/2010 85.71 83.56 63.30
12/31/2010 101.48 99.03 76.08
1/31/2011 106.29 103.67 77.82
2/28/2011 111.70 108.88 82.50
3/31/2011 107.02 104.14 82.08
4/30/2011 118.07 114.92 90.98
5/31/2011 111.73 108.54 85.47
6/30/2011 107.66 104.41 82.78
7/31/2011 99.81 96.56 80.28
8/31/2011 80.19 77.14 64.83
9/30/2011 60.60 57.78 46.50
10/31/2011 72.17 69.04 61.93
11/30/2011 64.02 60.94 53.67
12/31/2011 57.38 54.33 51.95
1/31/2012 66.02 62.71 62.26
2/29/2012 74.06 70.49 71.37
3/31/2012 75.40 71.70 69.01
4/30/2012 73.31 69.55 66.35
5/31/2012 55.29 51.82 47.46
6/30/2012 64.59 60.82 56.16
7/31/2012 64.75 60.88 58.36
8/31/2012 73.22 69.06 61.67
9/30/2012 80.62 76.17 67.71
10/31/2012 84.88 80.23 68.37
11/30/2012 88.52 83.67 71.57
12/31/2012 96.16 91.00 77.52
1/31/2013 106.02 100.49 84.74
2/28/2013 107.82 102.11 82.78
3/31/2013 112.80 106.84 83.15
4/30/2013 122.66 116.29 89.88
5/31/2013 117.16 110.82 85.49
6/30/2013 114.57 108.19 77.44
7/31/2013 127.38 120.49 85.22
8/31/2013 123.83 116.92 82.66
9/30/2013 141.09 133.51 95.35
10/31/2013 147.10 139.19 102.52
11/30/2013 152.09 143.88 102.87
12/31/2013 159.07 150.48 104.66
1/31/2014 144.07 135.83 95.36
2/28/2014 152.73 144.06 105.17
3/31/2014 147.93 139.28 105.70
4/30/2014 146.94 138.18 108.42
5/31/2014 150.84 141.80 112.47
6/30/2014 154.25 144.94 116.04
7/31/2014 145.86 136.71 113.90
8/31/2014 146.01 136.71 115.08
9/30/2014 136.61 127.53 104.67
10/31/2014 138.65 129.35 102.64
11/30/2014 144.59 134.92 104.11
12/31/2014 135.37 125.92 96.75
1/31/2015 136.92 127.28 96.46
2/28/2015 147.37 137.16 106.96
3/31/2015 147.20 136.86 103.61
4/30/2015 158.49 147.54 113.90
5/31/2015 160.07 148.90 110.56
6/30/2015 151.80 140.84 104.69
7/31/2015 153.56 142.38 104.12
8/31/2015 135.23 124.71 88.51
9/30/2015 128.10 117.76 79.77
10/31/2015 143.48 132.31 93.16
11/30/2015 141.29 130.08 89.17
12/31/2015 136.17 125.07 85.61
1/31/2016 126.87 116.06 72.98
2/29/2016 125.14 114.29 71.00
3/31/2016 139.78 128.09 84.91
4/30/2016 141.77 129.85 89.77
5/31/2016 142.18 130.10 86.57
6/30/2016 138.25 126.23 83.72
7/31/2016 150.76 137.98 92.80
8/31/2016 151.69 138.71 94.02
9/30/2016 157.28 143.87 96.41
10/31/2016 149.71 136.55 93.59
11/30/2016 143.67 130.69 89.11
12/31/2016 143.84 130.71 93.95
1/31/2017 153.81 140.01 100.82
2/28/2017 155.90 141.83 104.02
3/31/2017 167.21 152.38 109.19
4/30/2017 176.83 161.31 113.67
5/31/2017 188.56 172.23 120.61
6/30/2017 193.04 176.29 121.29
7/31/2017 202.27 184.83 129.45
8/31/2017 203.17 185.51 130.65
9/30/2017 210.42 192.16 134.93
10/31/2017 220.29 201.28 139.35
11/30/2017 221.38 202.12 141.29
12/31/2017 223.47 203.90 146.69
1/31/2018 241.19 220.38 160.43
2/28/2018 225.19 205.16 148.15
3/31/2018 219.01 199.18 143.77
4/30/2018 222.14 201.93 147.66
5/31/2018 220.01 199.76 141.94
6/30/2018 209.58 189.80 137.40
7/31/2018 215.31 194.99 143.07
8/31/2018 209.95 189.80 137.99
9/30/2018 210.44 190.09 139.07
10/31/2018 183.47 164.71 119.63
11/30/2018 184.80 165.79 121.70
12/31/2018 170.13 151.94 111.67
1/31/2019 186.29 166.86 127.66
2/28/2019 192.21 172.22 132.11
3/31/2019 195.34 174.97 133.49

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

(42.9% of assets as of 03/31/2019)


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 25.1% 16.1% 9.1%
France 17.8% 7.6% 10.3%
United Kingdom 11.7% 11.4% 0.3%
China 8.6% 8.6% 0.0%
South Korea 6.3% 3.4% 2.9%
Germany 6.2% 5.8% 0.4%
Netherlands 4.8% 2.4% 2.4%
Canada 4.7% 6.7% -2.0%
Hong Kong 4.2% 2.7% 1.4%
United States 2.8% 0.0% 2.7%
Switzerland 1.5% 6.0% -4.5%
New Zealand 1.4% 0.2% 1.2%
Taiwan 1.0% 3.0% -1.9%
Spain 1.0% 2.0% -1.0%
Sweden 0.7% 1.8% -1.1%
Developed Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Europe 43.7% 42.2% 1.5%
Asia Pacific 30.7% 24.5% 6.1%
Americas 7.5% 6.8% 0.7%
Emerging Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Asia Pacific 15.9% 19.4% -3.5%
Equity Sector International Equity MSCI ACWI ex US
Overweight / Underweight
Consumer Discretionary 20.9% 11.1% 9.8%
Consumer Staples 15.9% 9.9% 6.0%
Industrials 15.0% 11.7% 3.3%
Communication Services 13.9% 7.1% 6.9%
Information Technology 9.4% 8.4% 1.0%
Materials 9.1% 7.6% 1.5%
Financials 7.5% 21.6% -14.1%
Energy 4.2% 7.4% -3.3%
Health Care 1.2% 8.4% -7.2%
Real Estate 0.8% 3.5% -2.7%
Industry International Equity MSCI ACWI ex US
Overweight / Underweight
Hotels Restaurants & Leisure 7.7% 1.3% 6.4%
Aerospace & Defense 5.4% 1.1% 4.2%
Beverages 5.3% 2.0% 3.3%
Metals & Mining 5.2% 3.5% 1.8%
Food Products 4.4% 2.9% 1.5%
Oil Gas & Consumable Fuels 4.2% 7.3% -3.2%
Banks 4.2% 13.0% -8.8%
Personal Products 4.1% 1.7% 2.4%
Chemicals 3.9% 3.0% 0.9%
Entertainment 3.6% 0.6% 3.0%
Electronic Equipment Instruments & Components 3.5% 1.6% 1.9%
Professional Services 3.4% 0.9% 2.4%
Interactive Media & Services 3.4% 1.9% 1.5%
Machinery 3.3% 1.9% 1.4%
Wireless Telecommunication Services 3.3% 2.0% 1.3%
Software 3.0% 1.1% 1.8%
Internet & Direct Marketing Retail 2.9% 2.0% 0.9%
Semiconductors & Semiconductor Equipment 2.6% 2.3% 0.2%
Insurance 2.4% 5.3% -2.9%
Diversified Telecommunication Services 2.4% 2.0% 0.4%
Asset Allocation International Equity MSCI ACWI ex US
Overweight / Underweight
Equity 97.8% 100.0% -2.2%
Market Cap International Equity MSCI ACWI ex US
Overweight / Underweight
Large 86.0% 87.7% -1.7%
Mid 11.8% 12.1% -0.3%
Analytics
(As of 03/31/2019)

Performance Statistics
3Y
5Y
Alpha
-0.64
1.17
Beta
0.98
0.89
Information Ratio
-0.24
0.24
R-Squared
88.87
88.54
Upside Capture
96.59
92.41
Downside Capture
101.73
85.00
Win Ratio
42.00
45.00
Loss Ratio
58.00
55.00
Margin of Outperformance
0.92
1.12
Margin of Underperformance
-0.77
-0.78
Tracking Error
3.68
4.07
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$71.24 B
$64.37 B
Median Market Cap (weighted)
$32.49 B
$32.72 B
P/E Ratio (LTM)
16.37
14.95
P/E Ratio (NTM)
14.97
13.08
Price/Book
2.18
1.80
Return on Equity
15.56%
15.59%
Debt to Capital Ratio
36.85
39.90
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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