International Growth Fund - Portfolio

Top Ten Countries as of

  1. China
    18.8%
  2. United States
    13.2%
  3. Netherlands
    7.9%
  4. United Kingdom
    7.9%
  5. France
    7.6%
  6. Switzerland
    7.0%
  7. Japan
    6.9%
  8. Germany
    6.1%
  9. Australia
    5.2%
  10. Taiwan
    3.9%
Holdings are classified by country of risk as determined by MSCI and Bloomberg.

Sector Allocation as of

Consumer Discretionary
25.1%
Information Technology
23.5%
Communication Services
20.0%
Health Care
12.1%
Consumer Staples
5.0%
Industrials
4.2%
Financials
3.2%
Cash & Cash Equivalents
6.8%

Top Ten Industry Groups as of

Media & Entertainment
18.2%
Software & Services
16.1%
Retailing
16.0%
Pharma, Biotech & Life Sciences
9.0%
Semiconductors & Equipment
7.4%
Food, Beverage & Tobacco
5.0%
Consumer Durables & Apparel
4.6%
Diversified Financials
3.2%
Health Care Equipment & Services
3.1%
Consumer Services
3.0%

Top Ten Positions as of

% OF PORTFOLIO
Alibaba Group Holding Ltd. 6.5%
Tencent Holdings Ltd. 4.7%
Adyen N.V. 4.2%
Taiwan Semiconductor Manufacturing Co. Ltd. 3.5%
AstraZeneca plc 3.4%
Lonza Group AG 3.4%
Nestle S.A. 3.2%
Activision Blizzard, Inc. 3.2%
adidas AG 2.8%
Ubisoft Entertainment S.A. 2.7%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $1.7 B
Portfolio P/E Forecast 12 Months* 34.8x
Portfolio P/E Trailing 12 Months* 37.6x
Portfolio Price to Cash Flow* 24.3x
Portfolio Price to Book* 6.4x
Median Market Capitalization* $26.5 B
Number of Holdings 47
7-Year Beta* (A Shares vs. MSCI ACWI ex US Growth NTR) 1.02
Emerging Markets Exposure 27.6%
Active Share* (vs. MSCI ACWI ex US Growth NTR) 76.0%
* Source: FactSet

Portfolio Composition as of

Growth Industry Leaders
31.6%
Consistent Growth
30.6%
Emerging Growth
31.0%
Cash & Cash Equivalents
6.8%
The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
81.2%
Mid Cap ($2.5 to $12 B)
16.1%
Small Cap (< $2.5 B)
2.6%
The percentages may not add up to 100 due to rounding.
Important Information