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 07/31/2019)
$1.80 BN
Composite Benchmark
MSCI ACWI ex US
Available Vehicles
Commingled Vehicle
Performance
Average Annual Returns
Calendar Year Returns
as of 07/31/2019
as of 06/30/2019

Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
12.74% -1.62% 8.53% 3.68% 7.96% 2.76%
International Equity (net of fees)
12.35% -2.33% 7.75% 2.93% 7.19% 2.03%
MSCI ACWI ex US
13.60% 1.29% 9.39% 2.16% 6.54% 1.37%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr 3 yr 5 yr 10 yr since inception
International Equity (gross of fees)
11.37% -4.59% 6.26% 4.12% 6.85% 2.63%
International Equity (net of fees)
10.91% -5.28% 5.50% 3.37% 6.09% 1.90%
MSCI ACWI ex US
12.22% -2.27% 7.20% 2.12% 5.42% 1.26%

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%
Portfolio

Top Issuers

(46.4% of assets as of 07/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 2
Country International Equity MSCI ACWI ex US
Overweight / Underweight
Japan 24.4% 16.0% 8.4%
France 20.0% 7.5% 12.4%
United Kingdom 9.4% 11.1% -1.8%
China 8.1% 8.4% -0.3%
Germany 6.6% 5.8% 0.9%
Canada 5.1% 6.8% -1.7%
Netherlands 4.7% 2.5% 2.2%
South Korea 3.9% 3.1% 0.8%
Hong Kong 3.6% 2.6% 1.0%
United States 3.6% 0.0% 3.6%
Switzerland 1.6% 6.2% -4.7%
New Zealand 1.6% 0.2% 1.4%
Spain 1.3% 1.9% -0.7%
Taiwan 1.3% 2.9% -1.6%
Sweden 0.6% 1.7% -1.2%
Developed Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Europe 44.1% 41.9% 2.2%
Asia Pacific 29.6% 24.5% 5.0%
Americas 8.7% 6.9% 1.9%
Emerging Markets International Equity MSCI ACWI ex US
Overweight / Underweight
Asia Pacific 13.2% 18.9% -5.7%
Equity Sector International Equity MSCI ACWI ex US
Overweight / Underweight
Consumer Discretionary 19.5% 11.4% 8.1%
Industrials 14.9% 11.9% 3.0%
Consumer Staples 14.9% 10.0% 4.8%
Communication Services 12.0% 7.0% 5.0%
Information Technology 10.6% 8.7% 1.9%
Materials 10.0% 7.4% 2.6%
Financials 7.1% 21.6% -14.6%
Energy 3.4% 6.9% -3.5%
Health Care 2.8% 8.4% -5.6%
Real Estate 0.5% 3.2% -2.8%
Industry International Equity MSCI ACWI ex US
Overweight / Underweight
Aerospace & Defense 5.7% 1.2% 4.5%
Metals & Mining 5.7% 3.4% 2.4%
Beverages 5.1% 2.1% 3.0%
Food Products 4.9% 3.1% 1.8%
Banks 4.4% 13.0% -8.6%
Professional Services 4.3% 1.1% 3.2%
Chemicals 4.3% 3.0% 1.2%
Hotels Restaurants & Leisure 4.3% 1.3% 3.0%
Entertainment 4.0% 0.6% 3.4%
Electronic Equipment Instruments & Components 3.8% 1.6% 2.2%
Software 3.6% 1.2% 2.4%
Oil Gas & Consumable Fuels 3.4% 6.8% -3.4%
Internet & Direct Marketing Retail 3.3% 2.2% 1.1%
Semiconductors & Semiconductor Equipment 3.1% 2.5% 0.6%
Personal Products 2.9% 1.7% 1.3%
Insurance 2.7% 5.4% -2.7%
Diversified Telecommunication Services 2.7% 2.0% 0.8%
Wireless Telecommunication Services 2.5% 2.1% 0.5%
Interactive Media & Services 2.1% 1.8% 0.3%
Leisure Products 2.1% 0.2% 1.9%
Asset Allocation International Equity MSCI ACWI ex US
Overweight / Underweight
Equity 95.6% 100.0% -4.4%
Market Cap International Equity MSCI ACWI ex US
Overweight / Underweight
Large 84.2% 87.3% -3.1%
Mid 11.4% 12.5% -1.1%
Analytics
(As of 07/31/2019)

Performance Statistics
3Y
5Y
Alpha
-1.01
2.05
Beta
1.04
0.92
Information Ratio
-0.27
0.51
R-Squared
91.61
90.25
Upside Capture
102.27
97.25
Downside Capture
110.60
85.13
Win Ratio
42.00
48.00
Loss Ratio
58.00
52.00
Margin of Outperformance
0.89
1.11
Margin of Underperformance
-0.75
-0.73
Tracking Error
3.55
3.92
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$64.43 B
$61.08 B
Median Market Cap (weighted)
$40.65 B
$33.44 B
P/E Ratio (LTM)
15.69
14.86
P/E Ratio (NTM)
15.39
13.36
Price/Book
2.04
1.79
Return on Equity
16.28%
15.32%
Debt to Capital Ratio
36.46
39.65
Turnover Ratio
85%
-
Team
  1. 1. Holdings are subject to change and are dollar-weighted based on assets.
  2. 2. 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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )