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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 5/31/2017)
$8.24 billion
Fund Index
MSCI ACWI ex US SMID Cap Index
NAV (as of 6/22/17)
  • A
$45.48
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 5/31/2017
  • B
as of 3/31/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 6/22/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
22.89% 11.51% 6.62% 14.39% 7.58% 12.56%
Cumulative
Annualized
ytd as of 6/22/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
22.89% 5.10% 4.53% 13.05% 6.95% 12.22%
Cumulative
Annualized
ytd as of 6/22/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
22.89% 19.20% 10.37% 19.56% 7.36% 13.08%
Cumulative
Annualized
ytd as of 6/22/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
22.89% 12.34% 8.21% 18.15% 6.72% 12.74%
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
5/31/2007 0.00 0.00 0.00 0.00
6/30/2007 1.77 0.27 0.12 -1.66
7/31/2007 2.53 1.24 -1.35 -4.71
8/31/2007 -6.98 -3.32 -2.89 -3.28
9/30/2007 3.69 0.48 2.30 0.34
10/31/2007 15.24 6.37 6.32 1.93
11/30/2007 1.92 -1.81 2.82 -2.33
12/31/2007 -0.52 -3.76 0.51 -3.01
1/31/2008 -14.62 -13.77 -8.77 -8.83
2/29/2008 -8.27 -9.38 -7.47 -11.79
3/31/2008 -17.35 -11.31 -8.44 -12.17
4/30/2008 -14.88 -8.77 -3.47 -7.89
5/31/2008 -9.90 -7.74 -2.53 -6.70
6/30/2008 -15.32 -15.69 -10.50 -14.56
7/31/2008 -27.84 -19.43 -13.38 -15.28
8/31/2008 -33.93 -23.01 -16.89 -14.06
9/30/2008 -50.54 -36.99 -28.90 -21.71
10/31/2008 -65.56 -53.23 -43.25 -34.86
11/30/2008 -68.40 -55.58 -46.32 -39.54
12/31/2008 -66.15 -52.10 -43.09 -38.89
1/31/2009 -67.92 -54.92 -48.67 -44.04
2/28/2009 -67.04 -58.57 -53.94 -50.00
3/31/2009 -63.90 -55.25 -51.02 -45.62
4/30/2009 -56.11 -47.68 -44.75 -40.42
5/31/2009 -43.93 -38.95 -38.21 -37.08
6/30/2009 -41.38 -38.43 -38.56 -36.96
7/31/2009 -33.45 -32.84 -32.96 -32.19
8/31/2009 -35.15 -28.71 -29.31 -29.74
9/30/2009 -30.57 -24.31 -26.60 -27.12
10/31/2009 -31.27 -25.11 -27.52 -28.48
11/30/2009 -27.65 -23.86 -26.07 -24.19
12/31/2009 -24.97 -21.97 -25.01 -22.72
1/31/2010 -30.33 -23.44 -28.31 -25.50
2/28/2010 -27.92 -23.74 -28.80 -23.19
3/31/2010 -21.68 -17.82 -24.36 -18.56
4/30/2010 -19.84 -16.09 -25.73 -17.27
5/31/2010 -30.25 -25.86 -34.27 -23.88
6/30/2010 -31.36 -26.13 -34.93 -27.86
7/31/2010 -23.82 -20.04 -28.76 -22.81
8/31/2010 -24.59 -21.56 -30.97 -26.29
9/30/2010 -15.17 -12.51 -24.20 -19.72
10/31/2010 -6.86 -8.88 -21.47 -16.66
11/30/2010 -6.98 -11.17 -25.25 -16.65
12/31/2010 2.94 -2.30 -19.19 -11.08
1/31/2011 -1.70 -2.65 -17.29 -8.97
2/28/2011 0.68 -1.38 -14.56 -5.85
3/31/2011 -3.37 -0.49 -16.47 -5.82
4/30/2011 0.76 4.35 -11.48 -3.03
5/31/2011 -0.15 1.37 -14.10 -4.13
6/30/2011 -2.83 -0.83 -15.17 -5.72
7/31/2011 -3.45 -0.82 -16.52 -7.64
8/31/2011 -8.55 -9.39 -24.06 -12.66
9/30/2011 -18.28 -20.70 -31.30 -18.80
10/31/2011 -13.18 -13.98 -24.67 -9.92
11/30/2011 -14.85 -18.91 -28.32 -10.12
12/31/2011 -18.11 -20.38 -29.00 -9.20
1/31/2012 -13.59 -13.36 -25.22 -5.13
2/29/2012 -8.98 -7.84 -20.93 -1.03
3/31/2012 -7.05 -9.00 -21.29 2.23
4/30/2012 -6.79 -9.75 -22.83 1.58
5/31/2012 -16.75 -19.80 -31.69 -4.52
6/30/2012 -13.68 -17.12 -26.90 -0.59
7/31/2012 -13.02 -16.66 -26.08 0.79
8/31/2012 -10.21 -14.38 -24.09 3.06
9/30/2012 -5.26 -10.04 -21.85 5.73
10/31/2012 -4.12 -10.00 -21.19 3.77
11/30/2012 -3.06 -9.29 -19.29 4.38
12/31/2012 0.44 -5.63 -16.71 5.33
1/31/2013 6.16 -1.55 -12.32 10.78
2/28/2013 7.85 -1.02 -13.15 12.29
3/31/2013 9.80 0.54 -12.44 16.50
4/30/2013 13.75 3.26 -7.87 18.74
5/31/2013 15.26 1.24 -10.10 21.52
6/30/2013 14.19 -3.91 -13.29 19.89
7/31/2013 21.47 0.86 -8.72 25.99
8/31/2013 21.20 0.00 -9.92 22.34
9/30/2013 31.67 7.99 -3.26 26.18
10/31/2013 36.78 11.33 -0.01 31.98
11/30/2013 41.75 11.04 0.75 36.00
12/31/2013 45.50 12.99 2.26 39.44
1/31/2014 43.98 10.81 -1.86 34.62
2/28/2014 52.74 16.76 3.60 40.78
3/31/2014 50.24 16.91 2.94 41.96
4/30/2014 47.60 16.71 4.43 43.01
5/31/2014 51.27 18.59 6.12 46.37
6/30/2014 54.17 21.16 7.15 49.39
7/31/2014 49.79 18.87 5.04 47.33
8/31/2014 51.58 19.72 4.88 53.23
9/30/2014 44.74 12.92 0.85 51.08
10/31/2014 45.33 10.25 -0.61 54.77
11/30/2014 46.93 9.79 0.74 58.93
12/31/2014 45.66 8.43 -2.75 58.53
1/31/2015 47.28 8.03 -2.28 53.77
2/28/2015 55.09 13.92 3.57 62.61
3/31/2015 55.09 12.69 1.99 60.04
4/30/2015 60.26 19.42 6.16 61.57
5/31/2015 63.04 20.09 5.61 63.65
6/30/2015 63.27 17.44 2.62 60.48
7/31/2015 67.80 15.21 4.75 63.84
8/31/2015 63.36 8.78 -2.95 53.96
9/30/2015 59.13 5.67 -7.88 50.15
10/31/2015 64.84 12.64 -0.68 62.81
11/30/2015 66.18 11.43 -2.23 63.30
12/31/2015 67.37 10.61 -3.54 60.72
1/31/2016 57.26 2.71 -10.52 52.75
2/29/2016 53.85 2.81 -12.16 52.54
3/31/2016 63.29 11.74 -6.44 62.89
4/30/2016 65.62 14.82 -3.73 63.52
5/31/2016 70.61 13.34 -4.61 66.46
6/30/2016 63.96 10.27 -7.81 66.89
7/31/2016 72.18 16.68 -3.14 73.04
8/31/2016 72.00 16.36 -3.07 73.29
9/30/2016 75.96 18.60 -1.88 73.32
10/31/2016 70.16 15.56 -3.88 70.16
11/30/2016 65.44 12.35 -5.80 76.46
12/31/2016 66.55 14.56 -2.58 79.95
1/31/2017 73.43 19.19 0.25 83.36
2/28/2017 77.08 21.65 1.68 90.64
3/31/2017 82.07 24.32 4.48 90.86
4/30/2017 91.61 27.96 7.14 92.82
5/31/2017 103.36 31.86 11.07 95.54

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 6/23/2017

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 5/31/2017)

Morningstar 5/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
110
Category
Foreign Small/Mid Growth
Performance Statistics
3Y
5Y
Alpha
7.23
10.10
Information Ratio
1.06
1.58
Upside Capture
89.25
103.25
Downside Capture
45.06
34.95
Sharpe Ratio
0.96
1.75
R-Squared
73.35
75.41
Standard Deviation
10.74
10.53
Sortino Ratio
0.47
1.05
Win Ratio
67.00
75.00
Loss Ratio
33.00
25.00
Margin of Outperformance
1.49
1.34
Margin of Underperformance
-1.43
-1.40
Beta
0.74
0.79
Tracking Error
6.38
5.76
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)
$5.40 B
$5.60 B
Median Market Cap (weighted)
$4.30 B
$4.30 B
Trailing P/E
32.55
19.49
Forward P/E
23.63
15.93
Price/Book
3.22
1.76
Debt to Capital Ratio
25.24
35.69
Turnover Ratio
19.00%
-

Top Issuers

(26.4% of assets as of 05/31/17)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Emerging Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Japan 21.5% 20.3% 1.2%
United Kingdom 18.2% 13.2% 5.0%
Switzerland 10.0% 4.4% 5.6%
Germany 8.1% 4.5% 3.6%
France 4.6% 5.1% -0.5%
Denmark 4.4% 1.8% 2.7%
United States 3.6% - -
Italy 3.3% 2.4% 0.9%
Israel 2.7% 1.0% 1.7%
Finland 2.1% 1.3% 0.9%
Spain 1.9% 1.7% 0.2%
Sweden 1.8% 3.0% -1.2%
India 1.7% 2.4% -0.7%
Ireland 1.6% 0.7% 0.9%
Canada 1.5% 6.7% -5.1%
Belgium 1.5% 1.1% 0.4%
Netherlands 1.3% 1.7% -0.5%
Iceland 1.2% - -
Australia 1.0% 4.9% -3.8%
Argentina 0.4% - -
Developed Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Europe 60.3% 42.8% 17.6%
Asia Pacific 22.8% 29.3% -6.5%
Americas 5.1% 6.7% -1.6%
Middle East 2.7% 1.0% 1.7%
Emerging Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Asia Pacific 2.1% 14.9% -12.9%
Europe 0.4% 1.3% -0.9%
Americas 0.4% 2.4% -1.9%
Equity Sector International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care 24.7% 6.4% 18.3%
Information Technology 18.6% 9.8% 8.9%
Industrials 16.0% 19.8% -3.8%
Consumer Discretionary 14.3% 16.4% -2.1%
Consumer Staples 8.0% 6.3% 1.8%
Financials 7.9% 11.8% -3.9%
Materials 2.9% 12.1% -9.2%
Real Estate 1.4% 8.7% -7.3%
Industry International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Health Care Equipment & Supplies 7.9% 1.4% 6.6%
Pharmaceuticals 6.5% 1.9% 4.5%
Internet & Direct Marketing Retail 6.2% 0.4% 5.8%
Machinery 6.0% 4.2% 1.8%
Biotechnology 5.3% 1.3% 4.0%
Life Sciences Tools & Services 5.0% 0.6% 4.4%
Software 4.7% 1.8% 2.9%
Electronic Equipment Instruments & Components 4.2% 2.5% 1.7%
IT Services 3.8% 1.7% 2.1%
Insurance 3.6% 2.7% 0.9%
Internet Software & Services 3.6% 1.0% 2.6%
Trading Companies & Distributors 3.6% 1.8% 1.9%
Beverages 3.4% 0.8% 2.6%
Chemicals 2.9% 5.2% -2.3%
Food Products 2.8% 2.9% -0.1%
Banks 2.2% 3.9% -1.8%
Food & Staples Retailing 1.9% 1.7% 0.1%
Building Products 1.8% 1.1% 0.7%
Semiconductors & Semiconductor Equipment 1.8% 1.7% 0.2%
Household Durables 1.8% 2.1% -0.3%
Asset Allocation International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Equity 93.8% 100.0% -6.2%
Market Cap International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Index Overweight / Underweight
Mid 53.0% 48.2% 4.8%
Large 28.8% 39.4% -10.5%
Small 12.0% 12.4% -0.4%
  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. 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.
  6. 6. 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.
  7. 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 p.m. ET daily. ↩
  8. 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. ↩
  9. 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. ↩
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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