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Address And Details

Two Intl Place, Suite 1400 , Boston, MA 02110
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund's investment objective is to achieve long-term, after-tax returns for its shareholders by investing in a diversified portfolio of foreign equity securities. Under normal market conditions,the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of equity securities (the “80% Policy”).The Fund invests primarily in companies domiciled in developed markets outside of the United States,including securities trading in the form of depositary receipts.The Fund invests primarily in common stocks issued by companies domiciled in countries represented in the MSCI Europe,Australasia,Far East (“MSCI EAFE”) Index.The MSCI EAFE Index is an unmanaged index of approximately 900 companies located in twenty-one countries.The Fund may invest in securities issued by companies with a broad range of market capitalizations,including smaller companies.The Fund may invest in publically-traded real estate investment trusts (“REITs”). The Fund intends toinvest in not less than five different countries and more than 25% of the Fund’s total assets may be denominated in any single currency.The Fund may also lend its securities.In managing the Fund,the portfolio managers seek to balance investment considerations and tax considerations and take into account the taxes payable by shareholders in connection with distributions of investment income and net realized gains.The Fund seeks to minimize income distributions and distributions of realized short-term gains that are taxed as ordinary income,as well as distributions of realized long-term gains(taxed as long-term capital gains). The Fund seeks to employ a top-down,disciplined and systematic investment process that emphasizes broad exposure and diversification among developed markets outside of the United States,economic sectors and issuers.This rules-based strategyutilizes targeted allocation and systematic rebalancing to take advantage of certain quantitative and behavioral characteristics of developed markets identified by the portfolio managers.The portfolio managers select and allocate across countries based on factors such as market capitalization,volatility,correlation to other markets,liquidity,and perceived risk and potential for growth.The Fund maintains a bias to broad inclusion; that is,the Fund intends to allocate portfolio holdings to more developed markets outside of the United States rather than fewer developed markets. Relative tocapitalization-weighted country indexes,individual country allocation targets emphasize the less represented developed markets and attempts to reduce concentration risks relative to a capitalization-weighted index.The Fund’s country allocations are rebalanced to their target weights if they exceed a certain pre-determined overweight or fall below a certain pre-determined underweight.Rebalancing has the effect of reducing exposure to countries with strong relative performance and increasing exposure to countries which have under performed.The frequency of rebalancing depends on the volatility and trading costs of the individual country.The Fund seeks to maintain exposure across key economic sectors,such as information technology,communication services,utilities,health care,energy,materials,consumer staples,consumer discretionary,industrials,financials and real estate.Relative to capitalization-weighted country indexes,the portfolio managers target weights to these sectors to emphasize the lessrepresented sectors.The portfolio managers use a quantitative model to select individual securities as representatives of their countries andeconomic sectors.The model includes factors such as beta,or a stock’s historical sensitivity to movements in the global equity market,with the objective of reducing portfolio risk and maintaining broad diversification.The Fund currently invests its assets in the Portfolio,a separate registered investment company with the same investment objective and policies as the Fund.

Net Asset Value

as of 4:31 PM ET 11/26/2021


  • 1 Week
  • -3.19%
  • 1 Month
  • -3.83%
  • 3 Months
  • -3.68%
  • 1 Yr Return
  • +7.93%
  • 5 Yr Return
  • +42.84%

Equity Sector Breakdown

IndustrialCyclical 15.22%
Finance 14.74%
Technology 11.77%
RetailTrade 9.39%
Utilities 5.21%
NonDurables 4.99%
Services 4.38%
Health 3.93%
Energy 3.92%
ConsumerDurables 3.65%

Asset Allocation

Asset Type % Of Allocation
Stocks 98.56%
ForeignStocks 94.48%
Preferred 0.54%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 21.52 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.57 -5.06 -5.42
Beta 0.83 0.81 0.86
R Squared 0.83 0.74 0.72
Std Deviation 16.81 14.43 13.26
Sharpe Ratio 0.69 0.65 n/a

Purchase Information

as of 4:44 PM ET 11/24/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 10/31/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 10/31/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +30.73%
  • +21.26%
+30.73% +21.26%
3 Year
  • +11.19%
  • +7.05%
+11.19% +7.05%
10 Year
  • +7.62%
  • +8.41%
+7.62% +8.41%
Life Of Fund
  • +2.51%
  • +2.37%
+2.51% +2.37%

Top 10 Holdings

Symbol Company Name % Of Assets
SAP SAP SE 0.75%

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