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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
December 29, 2011
Total Assets (all classes) (as of 6/30/2017)
$8.43 billion
Fund Index
MSCI ACWI ex US SMID Cap Index
NAV (as of 7/27/17)
  • A
$46.22
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 6/30/2017
  • F
as of 6/30/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr since inception
International Small-Mid Company Fund (NAV)
11.85% 25.67% 24.61% 10.15% 19.21% 18.66%
Cumulative
Annualized
3 mo ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr since inception
International Small-Mid Company Fund (NAV)
11.85% 25.67% 24.61% 10.15% 19.21% 18.66%
Gross Expense Ratio: 0.99% | Net Expense Ratio: 0.98%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. 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
2011 0.00% -18.50%
2012 23.23% 18.52%
2013 45.45% 19.73%
2014 0.54% -4.03%
2015 15.40% 2.01%
2016 -0.07% 3.57%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. 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
6/30/2007 0.00 0.00 0.00 0.00
7/31/2007 0.75 0.97 -1.47 -3.10
8/31/2007 -8.60 -3.59 -3.01 -1.65
9/30/2007 1.89 0.21 2.18 2.03
10/31/2007 13.24 6.08 6.19 3.65
11/30/2007 0.15 -2.08 2.70 -0.68
12/31/2007 -2.25 -4.02 0.39 -1.37
1/31/2008 -16.11 -14.00 -8.89 -7.29
2/29/2008 -9.87 -9.63 -7.58 -10.30
3/31/2008 -18.79 -11.55 -8.55 -10.68
4/30/2008 -16.36 -9.01 -3.59 -6.33
5/31/2008 -11.46 -7.99 -2.65 -5.12
6/30/2008 -16.79 -15.91 -10.61 -13.12
7/31/2008 -29.09 -19.65 -13.48 -13.85
8/31/2008 -35.08 -23.22 -16.99 -12.60
9/30/2008 -51.40 -37.16 -28.99 -20.39
10/31/2008 -66.16 -53.36 -43.32 -33.76
11/30/2008 -68.95 -55.70 -46.38 -38.51
12/31/2008 -66.74 -52.23 -43.16 -37.86
1/31/2009 -68.48 -55.05 -48.74 -43.10
2/28/2009 -67.61 -58.68 -54.00 -49.16
3/31/2009 -64.53 -55.37 -51.08 -44.70
4/30/2009 -56.87 -47.82 -44.82 -39.41
5/31/2009 -44.90 -39.12 -38.29 -36.02
6/30/2009 -42.40 -38.60 -38.64 -35.89
7/31/2009 -34.60 -33.02 -33.04 -31.05
8/31/2009 -36.27 -28.90 -29.40 -28.56
9/30/2009 -31.77 -24.52 -26.69 -25.89
10/31/2009 -32.46 -25.32 -27.61 -27.27
11/30/2009 -28.91 -24.07 -26.16 -22.90
12/31/2009 -26.27 -22.18 -25.10 -21.42
1/31/2010 -31.54 -23.65 -28.40 -24.24
2/28/2010 -29.17 -23.94 -28.89 -21.90
3/31/2010 -23.04 -18.04 -24.45 -17.18
4/30/2010 -21.23 -16.32 -25.82 -15.88
5/31/2010 -31.46 -26.06 -34.35 -22.59
6/30/2010 -32.55 -26.32 -35.01 -26.64
7/31/2010 -25.14 -20.26 -28.84 -21.51
8/31/2010 -25.90 -21.77 -31.05 -25.05
9/30/2010 -16.64 -12.75 -24.30 -18.36
10/31/2010 -8.48 -9.13 -21.56 -15.25
11/30/2010 -8.59 -11.41 -25.34 -15.24
12/31/2010 1.15 -2.57 -19.29 -9.58
1/31/2011 -3.41 -2.92 -17.39 -7.43
2/28/2011 -1.07 -1.65 -14.66 -4.26
3/31/2011 -5.05 -0.76 -16.58 -4.23
4/30/2011 -0.99 4.06 -11.59 -1.39
5/31/2011 -1.89 1.09 -14.20 -2.51
6/30/2011 -4.51 -1.10 -15.28 -4.13
7/31/2011 -5.13 -1.09 -16.62 -6.08
8/31/2011 -10.14 -9.64 -24.15 -11.18
9/30/2011 -19.70 -20.91 -31.38 -17.43
10/31/2011 -14.69 -14.22 -24.76 -8.40
11/30/2011 -16.33 -19.13 -28.41 -8.60
12/31/2011 -19.53 -20.59 -29.09 -7.67
1/31/2012 -15.09 -13.60 -25.31 -3.53
2/29/2012 -10.57 -8.09 -21.02 0.64
3/31/2012 -8.67 -9.24 -21.39 3.95
4/30/2012 -8.41 -10.00 -22.93 3.30
5/31/2012 -18.19 -20.02 -31.78 -2.91
6/30/2012 -15.18 -17.34 -26.99 1.09
7/31/2012 -14.53 -16.89 -26.17 2.50
8/31/2012 -11.77 -14.61 -24.18 4.80
9/30/2012 -6.90 -10.29 -21.94 7.51
10/31/2012 -5.78 -10.25 -21.29 5.53
11/30/2012 -4.75 -9.53 -19.39 6.14
12/31/2012 -1.30 -5.89 -16.81 7.11
1/31/2013 4.32 -1.81 -12.42 12.66
2/28/2013 5.98 -1.29 -13.25 14.18
3/31/2013 7.90 0.27 -12.54 18.47
4/30/2013 11.78 2.98 -7.99 20.75
5/31/2013 13.26 0.96 -10.21 23.57
6/30/2013 12.21 -4.17 -13.40 21.91
7/31/2013 19.36 0.59 -8.83 28.12
8/31/2013 19.10 -0.27 -10.03 24.41
9/30/2013 29.39 7.70 -3.38 28.31
10/31/2013 34.40 11.03 -0.13 34.21
11/30/2013 39.28 10.74 0.63 38.30
12/31/2013 42.98 12.68 2.14 41.80
1/31/2014 41.48 10.51 -1.98 36.90
2/28/2014 50.09 16.44 3.47 43.16
3/31/2014 47.63 16.59 2.81 44.36
4/30/2014 45.04 16.39 4.30 45.43
5/31/2014 48.64 18.27 5.99 48.84
6/30/2014 51.50 20.83 7.02 51.92
7/31/2014 47.19 18.55 4.92 49.82
8/31/2014 48.95 19.39 4.76 55.82
9/30/2014 42.23 12.61 0.73 53.63
10/31/2014 42.80 9.96 -0.73 57.38
11/30/2014 44.38 9.49 0.62 61.62
12/31/2014 43.13 8.13 -2.87 61.21
1/31/2015 44.72 7.74 -2.39 56.37
2/28/2015 52.40 13.62 3.44 65.36
3/31/2015 52.40 12.39 1.87 62.74
4/30/2015 57.47 19.10 6.03 64.30
5/31/2015 60.21 19.77 5.49 66.41
6/30/2015 60.43 17.13 2.50 63.19
7/31/2015 64.89 14.89 4.62 66.61
8/31/2015 60.52 8.49 -3.07 56.56
9/30/2015 56.37 5.39 -7.99 52.69
10/31/2015 61.97 12.34 -0.80 65.57
11/30/2015 63.30 11.13 -2.34 66.06
12/31/2015 64.47 10.31 -3.66 63.44
1/31/2016 54.53 2.43 -10.63 55.33
2/29/2016 51.18 2.53 -12.26 55.12
3/31/2016 60.45 11.44 -6.56 65.64
4/30/2016 62.74 14.51 -3.85 66.28
5/31/2016 67.65 13.03 -4.72 69.27
6/30/2016 61.11 9.97 -7.92 69.71
7/31/2016 69.19 16.36 -3.26 75.97
8/31/2016 69.01 16.04 -3.19 76.21
9/30/2016 72.90 18.28 -2.00 76.25
10/31/2016 67.20 15.25 -4.00 73.03
11/30/2016 62.57 12.04 -5.91 79.44
12/31/2016 63.66 14.25 -2.70 82.99
1/31/2017 70.42 18.86 0.13 86.46
2/28/2017 74.00 21.32 1.56 93.86
3/31/2017 78.91 23.98 4.35 94.09
4/30/2017 88.29 27.61 7.01 96.08
5/31/2017 99.83 31.51 10.94 98.84
6/30/2017 99.87 31.82 10.74 100.08

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 7/28/2017

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 6/30/2017)

Morningstar 6/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
114
Category
Foreign Small/Mid Growth
Analyst Rating (as of 7/5/17)
Bronze
Performance Statistics
3Y
5Y
Alpha
7.50
10.29
Information Ratio
1.13
1.63
Upside Capture
89.97
103.99
Downside Capture
43.41
33.24
Sharpe Ratio
0.94
1.72
R-Squared
73.10
75.08
Standard Deviation
10.73
10.51
Sortino Ratio
0.46
1.05
Win Ratio
67.00
73.00
Loss Ratio
33.00
27.00
Margin of Outperformance
1.53
1.40
Margin of Underperformance
-1.40
-1.29
Beta
0.74
0.79
Tracking Error
6.38
5.78
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/6/2016
Per Share ($)
$0.22
Net Income
41.20%
Net Profit from Sale
58.80%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.22
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.50 B
$5.40 B
Median Market Cap (weighted)
$4.40 B
$4.20 B
Trailing P/E
32.84
18.99
Forward P/E
22.97
15.72
Price/Book
3.04
1.74
Debt to Capital Ratio
25.64
35.85
Turnover Ratio
19.00%
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Top Issuers

(26.0% of assets as of 06/30/17)


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 21.6% 20.5% 1.0%
United Kingdom 17.1% 13.2% 3.9%
Switzerland 10.0% 4.0% 6.0%
Germany 7.9% 4.6% 3.3%
France 5.0% 5.0% -0.1%
Denmark 4.5% 1.8% 2.7%
United States 3.7% - -
Italy 3.0% 2.3% 0.7%
Israel 2.8% 1.0% 1.7%
Finland 2.4% 1.3% 1.1%
Netherlands 1.8% 1.7% 0.1%
Spain 1.8% 1.7% 0.1%
Sweden 1.7% 3.1% -1.4%
Ireland 1.6% 0.7% 0.9%
Canada 1.6% 6.7% -5.1%
India 1.5% 2.2% -0.7%
Belgium 1.4% 1.0% 0.3%
Iceland 1.2% - -
Australia 0.9% 4.9% -3.9%
Argentina 0.5% - -
Developed Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Europe 59.6% 42.5% 17.1%
Asia Pacific 22.7% 29.4% -6.7%
Americas 5.3% 6.7% -1.4%
Middle East 2.8% 1.0% 1.7%
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 0.5% 2.4% -2.0%
Europe 0.4% 1.2% -0.8%
Equity Sector International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care 24.5% 6.4% 18.1%
Information Technology 18.0% 10.2% 7.9%
Industrials 15.6% 20.0% -4.4%
Consumer Discretionary 13.8% 15.9% -2.1%
Financials 8.6% 12.1% -3.4%
Consumer Staples 8.4% 6.3% 2.1%
Materials 2.9% 12.2% -9.3%
Real Estate 1.3% 8.6% -7.3%
Industry International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care Equipment & Supplies 7.7% 1.4% 6.2%
Pharmaceuticals 6.3% 2.1% 4.2%
Internet & Direct Marketing Retail 5.8% 0.4% 5.4%
Machinery 5.8% 4.2% 1.6%
Biotechnology 5.4% 0.9% 4.5%
Life Sciences Tools & Services 5.0% 0.6% 4.4%
Software 5.0% 1.8% 3.1%
Insurance 4.5% 2.8% 1.7%
Electronic Equipment Instruments & Components 3.9% 2.6% 1.3%
IT Services 3.7% 1.7% 2.0%
Trading Companies & Distributors 3.4% 1.7% 1.7%
Beverages 3.4% 0.8% 2.6%
Internet Software & Services 3.3% 1.2% 2.1%
Chemicals 2.9% 5.3% -2.4%
Food Products 2.7% 2.9% -0.2%
Banks 2.1% 4.0% -1.9%
Building Products 1.9% 1.0% 0.8%
Household Durables 1.7% 2.0% -0.3%
Food & Staples Retailing 1.7% 1.8% -0.1%
Semiconductors & Semiconductor Equipment 1.7% 1.6% 0.1%
Asset Allocation International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Equity 93.0% 100.0% -7.0%
Market Cap International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Mid 53.1% 50.0% 3.1%
Large 29.1% 37.3% -8.2%
Small 10.8% 12.7% -1.9%
  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. 8. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  9. 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. ↩
  10. 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. ↩
  11. 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. ↩
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
  13. E. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
  14. F. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
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