International Value

Long Term Composite Performance (%) Average Annual Total Returns for periods greater than one year

As of 09/30/2023
Gross of Fees-0.7413.3139.8318.965.26 7.07
Net of Fees-0.9412.6638.7718.044.43 6.21
MSCI World ex-USA Index-4.106.7324.006.073.44 5.27
MSCI World ex-USA Value Index0.199.1328.8911.643.05 4.99

Calendar Year Performance

As of 09/30/2023

Net of fee performance in the “Long Term Composite Performance” chart is preliminary through the latest time period.  Past performance is not a reliable indicator or a guarantee of future results.

Calendar year performance for the International Value strategy, including index performance, and other important disclosures are included in the strategy’s GIPS Report. The value disciplines used in managing the accounts in the Composite may prevent or limit investment in major stocks in the indexes and returns may not be correlated to the indexes. It is not possible to invest directly in an index. The GIPS Report should be reviewed as part of the performance information presented above.

Valuations and returns are stated in U.S. dollars. Investment returns include reinvestment of dividends, interest, capital gains, and are net of withholding taxes. Gross performance results are presented before management and custodial fees but after all trading expenses. Net performance results are presented after actual management fees and all trading expenses but before custodial fees. An account’s size, timing of transactions, and market conditions at the time of investment may lead to different performance results among accounts.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. See Index definitions for full disclaimer.

All investments contain risk and may lose value. Investing in foreign as well as emerging markets involves additional risk such as greater volatility, political, economic, and currency risks and differences in accounting methods. Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.

Index definitions