About this Product
- Invests primarily in securities of small market capitalization companies located outside the U.S., including emerging markets
- Acadian Asset Management LLC and Victory Capital Management Inc. provide the day-to-day management of the Fund. The sub-advisors act independently of each other and use their own complementary methodology for selecting investments.
Investment Objective
The Fund seeks maximum long-term capital appreciation.
Performance
Average Annual Total Returns %
As of September 30, 2024
As of September 30, 2024
Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
---|---|---|---|---|---|---|---|
Gross | Net | ||||||
Net Asset Value | +13.12 | +24.28 | +2.14 | +9.26 | +6.49 | 1.57% | 1.53% |
With Sales Charge | +6.62 | +17.12 | +0.15 | +7.98 | +5.86 | ||
Net Asset Value | +13.12 | +24.28 | +2.14 | +9.26 | +6.49 | 1.57% | 1.53% |
With Sales Charge | +6.62 | +17.12 | +0.15 | +7.98 | +5.86 | ||
S&P Developed Ex-U.S. SmallCap Index | +10.17 | +22.08 | -0.52 | +6.68 | +5.95 | — | — |
MSCI EAFE Small Cap Index | +11.11 | +23.48 | -0.36 | +6.40 | +6.21 | — | — |
S&P Developed Ex-U.S. SmallCap Index | +10.17 | +22.08 | -0.52 | +6.68 | +5.95 | — | — |
MSCI EAFE Small Cap Index | +11.11 | +23.48 | -0.36 | +6.40 | +6.21 | — | — |
Inception Date - Class A:August 31, 1994
Current Maximum Sales Charge: 5.75%
The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The S&P Developed Ex-U.S. Small Cap Index is an unmanaged float adjusted index which captures the bottom 15% of companies in the developed markets based on the cumulative market capitalization of each country, excluding the United States, within the S&P Global Broad Market Index, which covers all publicly listed equities in 47 countries with a float adjusted market capitalization of US $100 million or greater and a minimum annual trading liquidity of US $50 million. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
Past performance does not guarantee future results.
Returns-Based Characteristics
As of September 30, 2024
3 Year | 5 Year | 10 Year | |
---|---|---|---|
Alpha Alpha: A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta. | 2.49 | 2.57 | 0.65 |
Beta Beta: The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index. | 0.97 | 0.95 | 0.97 |
Information Ratio Information Ratio: The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns. | 0.84 | 0.69 | 0.16 |
R2 R2: The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification. | 0.97 | 0.97 | 0.96 |
Sharpe Ratio Sharpe Ratio: A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. | -0.09 | 0.34 | 0.28 |
Standard Deviation Standard Deviation: A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk. | 18.96 | 20.23 | 16.90 |
Growth of a $10,000 Investment
For the period 10/31/2014 through 09/30/2024
Ending Value: $18,749.00
The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.
Investment Team
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: China Investing Risks – Investing through Stock Connect; Company; Convertible Securities; Credit; Currency; Derivative Instruments; Environmental, Social, and Governance (Equity); Environmental, Social, and Governance (Multi-Manager); Environmental, Social, and Governance (Qualitative); Foreign (Non-U.S.) Investments/ Developing and Emerging Markets; Index Strategy (Fund); Growth Investing; Interest Rate; Investment Model; Liquidity; Market; Market Disruption and Geopolitical; Other Investment Companies; Real Estate Companies and Real Estate Investment Trusts; Securities Lending; Small-Capitalization Company; Value Investing. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.