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International Equity

International Small-Mid Company Fund

This Strategy typically invests in international small- and mid-company stocks.

Investment Style
International Small-Mid Company
Fund Inception
November 17, 1997
Total Assets (all classes) (as of 8/31/2017)
$9.08 billion
Fund Index
MSCI ACWI ex US SMID Cap Index
NAV (as of 9/25/17)
  • A
$47.66
Special Notice

Effective as of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

×

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 8/31/2017
  • B
as of 6/30/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
28.78% 24.06% 9.68% 18.70% 7.17% 13.03%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
28.78% 16.92% 7.53% 17.30% 6.54% 12.69%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
28.78% 23.25% 11.83% 18.75% 8.59% 13.15%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
28.78% 16.16% 9.65% 17.35% 7.95% 12.81%
Gross Expense Ratio: 1.43% | Net Expense Ratio: 1.42%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Year International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index
1997 0.00% -
1998 21.87% 5.04%
1999 66.22% 32.65%
2000 -34.55% -18.06%
2001 -18.60% -14.62%
2002 -8.17% -5.70%
2003 85.05% 57.57%
2004 29.88% 29.30%
2005 33.67% 22.64%
2006 36.53% 26.86%
2007 21.42% 10.76%
2008 -65.97% -50.23%
2009 121.67% 62.91%
2010 37.19% 25.21%
2011 -20.44% -18.50%
2012 22.65% 18.52%
2013 44.87% 19.73%
2014 0.11% -4.03%
2015 14.91% 2.01%
2016 -0.49% 3.57%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Date International Small-Mid Company Fund MSCI ACWI ex US SMID Cap (Linked Index) MSCI EAFE S&P 500
8/31/2007 0.00 0.00 0.00 0.00
9/30/2007 11.47 3.93 5.35 3.74
10/31/2007 23.89 10.03 9.49 5.39
11/30/2007 9.57 1.56 5.89 0.98
12/31/2007 6.94 -0.45 3.51 0.28
1/31/2008 -8.22 -10.80 -6.06 -5.73
2/29/2008 -1.39 -6.27 -4.71 -8.79
3/31/2008 -11.15 -8.27 -5.71 -9.19
4/30/2008 -8.49 -5.63 -0.60 -4.77
5/31/2008 -3.14 -4.57 0.37 -3.53
6/30/2008 -8.97 -12.79 -7.84 -11.66
7/31/2008 -22.42 -16.66 -10.79 -12.41
8/31/2008 -28.97 -20.36 -14.41 -11.14
9/30/2008 -46.83 -34.83 -26.78 -19.06
10/31/2008 -62.98 -51.62 -41.56 -32.65
11/30/2008 -66.03 -54.05 -44.72 -37.48
12/31/2008 -63.61 -50.46 -41.39 -36.82
1/31/2009 -65.52 -53.37 -47.14 -42.14
2/28/2009 -64.56 -57.15 -52.57 -48.30
3/31/2009 -61.19 -53.71 -49.56 -43.78
4/30/2009 -52.82 -45.88 -43.10 -38.40
5/31/2009 -39.72 -36.86 -36.37 -34.95
6/30/2009 -36.99 -36.31 -36.73 -34.82
7/31/2009 -28.45 -30.53 -30.96 -29.89
8/31/2009 -30.28 -26.26 -27.20 -27.36
9/30/2009 -25.36 -21.71 -24.42 -24.65
10/31/2009 -26.11 -22.54 -25.36 -26.05
11/30/2009 -22.22 -21.24 -23.87 -21.61
12/31/2009 -19.34 -19.29 -22.77 -20.10
1/31/2010 -25.10 -20.81 -26.17 -22.97
2/28/2010 -22.51 -21.12 -26.68 -20.59
3/31/2010 -15.80 -14.99 -22.10 -15.79
4/30/2010 -13.82 -13.21 -23.51 -14.47
5/31/2010 -25.02 -23.31 -32.31 -21.30
6/30/2010 -26.21 -23.59 -32.99 -25.42
7/31/2010 -18.10 -17.30 -26.63 -20.19
8/31/2010 -18.93 -18.87 -28.91 -23.79
9/30/2010 -8.80 -9.50 -21.95 -16.99
10/31/2010 0.13 -5.75 -19.13 -13.83
11/30/2010 0.00 -8.12 -23.02 -13.82
12/31/2010 10.66 1.05 -16.79 -8.06
1/31/2011 5.68 0.69 -14.82 -5.88
2/28/2011 8.24 2.01 -12.01 -2.66
3/31/2011 3.88 2.94 -13.99 -2.62
4/30/2011 8.33 7.93 -8.84 0.26
5/31/2011 7.34 4.85 -11.54 -0.87
6/30/2011 4.46 2.58 -12.64 -2.52
7/31/2011 3.79 2.59 -14.03 -4.51
8/31/2011 -1.69 -6.28 -21.80 -9.69
9/30/2011 -12.15 -17.97 -29.25 -16.04
10/31/2011 -6.67 -11.03 -22.43 -6.87
11/30/2011 -8.46 -16.12 -26.19 -7.07
12/31/2011 -11.96 -17.64 -26.89 -6.12
1/31/2012 -7.11 -10.39 -22.99 -1.91
2/29/2012 -2.16 -4.67 -18.57 2.33
3/31/2012 -0.08 -5.87 -18.95 5.69
4/30/2012 0.20 -6.65 -20.53 5.03
5/31/2012 -10.50 -17.04 -29.66 -1.28
6/30/2012 -7.20 -14.27 -24.73 2.79
7/31/2012 -6.49 -13.80 -23.87 4.21
8/31/2012 -3.48 -11.44 -21.83 6.56
9/30/2012 1.85 -6.95 -19.52 9.31
10/31/2012 3.08 -6.91 -18.85 7.30
11/30/2012 4.21 -6.17 -16.88 7.92
12/31/2012 7.98 -2.39 -14.23 8.90
1/31/2013 14.13 1.84 -9.70 14.54
2/28/2013 15.94 2.38 -10.56 16.10
3/31/2013 18.04 3.99 -9.83 20.45
4/30/2013 22.29 6.81 -5.13 22.77
5/31/2013 23.91 4.72 -7.42 25.64
6/30/2013 22.76 -0.60 -10.71 23.96
7/31/2013 30.58 4.33 -6.00 30.26
8/31/2013 30.30 3.43 -7.24 26.49
9/30/2013 41.55 11.70 -0.38 30.46
10/31/2013 47.04 15.16 2.97 36.46
11/30/2013 52.38 14.86 3.76 40.61
12/31/2013 56.42 16.87 5.31 44.17
1/31/2014 54.79 14.62 1.07 39.19
2/28/2014 64.20 20.77 6.69 45.56
3/31/2014 61.51 20.92 6.01 46.78
4/30/2014 58.68 20.72 7.54 47.86
5/31/2014 62.62 22.66 9.29 51.34
6/30/2014 65.74 25.33 10.34 54.46
7/31/2014 61.03 22.96 8.18 52.33
8/31/2014 62.96 23.83 8.01 58.43
9/30/2014 55.60 16.80 3.86 56.20
10/31/2014 56.23 14.05 2.35 60.02
11/30/2014 57.96 13.57 3.74 64.32
12/31/2014 56.59 12.16 0.15 63.91
1/31/2015 58.33 11.74 0.64 58.99
2/28/2015 66.73 17.84 6.65 68.13
3/31/2015 66.73 16.57 5.03 65.47
4/30/2015 72.28 23.53 9.32 67.05
5/31/2015 75.27 24.22 8.76 69.20
6/30/2015 75.52 21.48 5.68 65.93
7/31/2015 80.39 19.17 7.87 69.40
8/31/2015 75.61 12.52 -0.06 59.18
9/30/2015 71.07 9.31 -5.14 55.24
10/31/2015 77.21 16.52 2.28 68.34
11/30/2015 78.65 15.26 0.69 68.84
12/31/2015 79.93 14.41 -0.67 66.18
1/31/2016 69.06 6.24 -7.85 57.93
2/29/2016 65.39 6.34 -9.54 57.72
3/31/2016 75.54 15.59 -3.65 68.42
4/30/2016 78.05 18.77 -0.86 69.07
5/31/2016 83.41 17.23 -1.76 72.11
6/30/2016 76.26 14.06 -5.06 72.55
7/31/2016 85.10 20.69 -0.25 78.91
8/31/2016 84.91 20.36 -0.18 79.17
9/30/2016 89.16 22.68 1.05 79.20
10/31/2016 82.93 19.53 -1.02 75.93
11/30/2016 77.86 16.21 -2.99 82.45
12/31/2016 79.05 18.50 0.33 86.05
1/31/2017 86.45 23.28 3.24 89.58
2/28/2017 90.37 25.83 4.71 97.11
3/31/2017 95.74 28.59 7.59 97.34
4/30/2017 105.99 32.36 10.33 99.36
5/31/2017 118.62 36.40 14.38 102.17
6/30/2017 118.67 36.73 14.18 103.43
7/31/2017 125.00 41.57 17.47 107.62
8/31/2017 127.91 42.91 17.43 108.25

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 9/25/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Analytics

(As of 8/31/2017)

Morningstar 8/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
112
Category
Foreign Small/Mid Growth
Analyst Rating (as of 7/5/17)
Bronze
Performance Statistics
3Y
5Y
Alpha
7.65
9.74
Information Ratio
1.09
1.50
Upside Capture
88.30
101.82
Downside Capture
40.36
34.95
Sharpe Ratio
1.09
1.68
R-Squared
73.60
74.99
Standard Deviation
10.57
10.50
Sortino Ratio
0.55
1.01
Win Ratio
67.00
72.00
Loss Ratio
33.00
28.00
Margin of Outperformance
1.48
1.39
Margin of Underperformance
-1.40
-1.28
Beta
0.73
0.79
Tracking Error
6.35
5.80
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/6/2016
Per Share ($)
$0.06
Net Income
41.20%
Net Profit from Sale
58.80%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.06
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.90 B
$5.70 B
Median Market Cap (weighted)
$4.50 B
$4.30 B
Trailing P/E
32.02
18.94
Forward P/E
23.46
15.73
Price/Book
3.08
1.77
Debt to Capital Ratio
25.19
35.89
Turnover Ratio
19.00%
-

Top Issuers

(25.4% of assets as of 08/31/17)


Portfolio Holdings Breakdown

Country 6
Developed Markets 6
Emerging Markets 6
Equity Sector 6
Industry 6
Asset Allocation 6
Market Cap 7
Country International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Japan 21.0% 20.4% 0.6%
United Kingdom 16.0% 13.0% 3.0%
Switzerland 9.3% 4.0% 5.4%
Germany 8.0% 4.7% 3.3%
France 5.0% 5.1% -0.1%
Denmark 4.6% 1.9% 2.7%
United States 3.9% - -
Italy 3.0% 2.5% 0.5%
Israel 2.6% 1.0% 1.6%
Finland 2.3% 1.3% 1.0%
Netherlands 1.8% 1.7% 0.1%
Canada 1.7% 6.7% -4.9%
Sweden 1.7% 3.1% -1.4%
Ireland 1.6% 0.7% 0.9%
Spain 1.6% 1.6% 0.0%
Belgium 1.4% 1.0% 0.3%
India 1.3% 2.3% -1.0%
Iceland 1.2% - -
Australia 1.0% 4.9% -3.9%
China 0.6% 4.6% -4.0%
Developed Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Europe 57.4% 42.6% 14.8%
Asia Pacific 22.2% 29.2% -7.0%
Americas 5.7% 6.7% -1.0%
Middle East 2.6% 1.0% 1.6%
Emerging Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Asia Pacific 1.9% 15.0% -13.1%
Americas 0.4% 2.6% -2.2%
Europe 0.3% 1.3% -0.9%
Equity Sector International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care 24.4% 6.3% 18.1%
Information Technology 17.7% 10.5% 7.3%
Industrials 15.1% 19.7% -4.6%
Consumer Discretionary 12.6% 15.7% -3.2%
Consumer Staples 8.4% 6.2% 2.2%
Financials 8.2% 11.9% -3.7%
Materials 2.8% 12.6% -9.8%
Real Estate 1.3% 8.6% -7.4%
Industry International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care Equipment & Supplies 7.5% 1.4% 6.1%
Pharmaceuticals 6.1% 2.0% 4.1%
Machinery 6.1% 4.3% 1.9%
Biotechnology 6.0% 0.9% 5.0%
Internet & Direct Marketing Retail 5.5% 0.5% 5.0%
Software 4.8% 1.8% 3.0%
Life Sciences Tools & Services 4.8% 0.6% 4.1%
Electronic Equipment Instruments & Components 4.4% 2.7% 1.7%
Insurance 4.3% 2.7% 1.6%
Beverages 3.5% 0.9% 2.6%
IT Services 3.3% 1.8% 1.5%
Trading Companies & Distributors 3.1% 1.7% 1.4%
Internet Software & Services 3.0% 1.2% 1.7%
Chemicals 2.8% 5.3% -2.5%
Food Products 2.5% 2.8% -0.4%
Banks 2.0% 3.9% -1.8%
Building Products 1.8% 1.0% 0.8%
Semiconductors & Semiconductor Equipment 1.7% 1.7% 0.0%
Household Durables 1.7% 2.0% -0.3%
Food & Staples Retailing 1.6% 1.7% -0.1%
Asset Allocation International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Equity 90.4% 100.0% -9.6%
Market Cap International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Mid 52.2% 50.0% 2.2%
Large 28.3% 37.4% -9.1%
Small 9.3% 12.6% -3.3%
  1. 1. As of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  2. 2. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Small and mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized or mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. Access index definitions.
  5. 5. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  6. 6. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  7. 7. 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.
  8. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily. ↩
  9. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment. ↩
  10. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions. ↩
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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