6 9

International Equity Fund

MIEIX
$ 40.99
$0.18 As of 12/12/25
$30.8B
As of 11/30/25
Morningstar
View Overall Morningstar Ratings Information

International Equity Fund

MIEIX
$0.18 As of 12/12/25
As of 11/30/25
MIEIX
$ 40.99
$0.18 As of 12/12/25
$30.8B
As of 11/30/25
Morningstar
View Overall Morningstar Ratings Information

Investment Objective

Seeks capital appreciation.

Investment Focus

A well-diversified portfolio of high-conviction ideas following a growth-at-a-reasonable price style with a quality bias

An investment philosophy based on our belief that stocks trading at a discount to their projected value have a greater potential for multiple expansion

Individual stock selection as the primary source of alpha generation over the long term, due to a focus on seeking to identify high quality, attractively valued companies through our global investment platform

Fund Information

  • Fund Commencement 01/31/1996
  • Net Assets ($ M) As of 11/30/25 $30847.86
  • Fiscal Year End JUNE
  • Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)

Share Class Information

  • Class Inception 01/31/1996
  • Net Asset Value (NAV) --
  • Most Recent NAV Change --
  • Fund Number --
  • Maximum Sales Charge --
  • Gross Expense Ratio 0.65%
  • Net Expense Ratio 0.64%

Managers

Top 10 Holdings

As of 11/30/25

  • Roche Holding AG
  • Hitachi Ltd
  • Air Liquide SA
  • Taiwan Semiconductor Manufacturing Co Ltd
  • Cie Financiere Richemont SA
  • Schneider Electric SE
  • Novartis AG
  • Rolls-Royce Holdings PLC
  • SAP SE
  • Sony Group Corp

Performance

Average Annual Total Returns

Average Annual Total Returns (%)

Monthly | Quarterly

As of 09/30/25

(*YTD Updated Daily, As of 12/12/25 , subject to revision and not annualized.)
    OVERALL
    NA
    OVERALL MORNINGSTAR RATING
    NA
    THREE YEAR
    NA
    FIVE YEAR
    NA
    TEN YEAR
    NA
    Annual Rate of Return

    Annual Rate of Return (%)

    As of 12/31/24

    |

    Benchmark: MSCI EAFE (Europe, Australasia, Far East) Index (net div)

    annual rate of return table
    2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
    At NAV 0.02 0.30 28.02 -10.66 28.40 11.10 15.16 -14.83 19.04 4.14
    MSCI EAFE (Europe, Australasia, Far East) Index (net div) -0.81 1.00 25.03 -13.79 22.01 7.82 11.26 -14.45 18.24 3.82
    At NAV MSCI EAFE (Europe, Australasia, Far East) Index (net div)
    2024 4.14 3.82
    2023 19.04 18.24
    2022 -14.83 -14.45
    2021 15.16 11.26
    2020 11.1 7.82
    2019 28.4 22.01
    2018 -10.66 -13.79
    2017 28.02 25.03
    2016 0.3 1.0
    2015 0.02 -0.81
    Pricing & Distributions

    Pricing History

    • Market Price (MP): 
    Historical MP Lookup
    Enter date for which you wish to obtain a Historical MP for this fund

    Historical MP may not be available for all dates.

    Distributions

    Updated Daily As of 12/13/25

    Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$)
    12/16/24 12/17/24 12/18/24 Dividend 0.49596 34.71

    Portfolio & Holdings Information

    Sector, Holding & Characterstics

    Largest Sector Weights

    As of 11/30/25

    Holding Characteristics

    As of 11/30/25

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 15.49x
    Weighted Average Price/Cash Flow 11.81x
    Weighted Average Price/Sales 1.78x
    Weighted Average Price/Book 2.32x
    Weighted Average IBES Long Term EPS Growth 9.66%
    Weighted Average Market Cap $138.1b
    Weighted Median Market Cap $73.6b
    Number of Issues 78
    % in Stocks 98.88%
    % Cash & Cash Equivalents 1.12%
    % in Top Ten 23.39%

    Performance Statistics

    Updated Monthly As of 11/30/25

    Benchmark
    MSCI EAFE (Europe, Australasia, Far East) Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha 1.42 -0.17 -2.14
    Beta 0.96 0.99 0.98
    R-squared 94.53 93.61 91.25
    Standard Deviation % 14.55 14.75 12.42
    Sharpe Ratio 0.46 0.39 0.67
    Tracking Error 3.46 3.73 3.68
    Information Ratio 0.34 -0.08 -0.77
    Treynor Ratio 7.05 5.82 8.49

    Top 10 Holdings

    As of 11/30/25

    • Roche Holding AG
    • Hitachi Ltd
    • Air Liquide SA
    • Taiwan Semiconductor Manufacturing Co Ltd
    • Cie Financiere Richemont SA
    • Schneider Electric SE
    • Novartis AG
    • Rolls-Royce Holdings PLC
    • SAP SE
    • Sony Group Corp

    Type Of Holdings (%)

    As of 11/30/25

    Sector Weights (%)

    As of 11/30/25

    •  % Assets
    • Financials
      24.39
    • Industrials
      20.01
    • Consumer Discretionary
      12.25
    • Health Care
      10.66
    • Information Technology
      9.22
    • Consumer Staples
      9.18
    • Materials
      4.91
    • Communication Services
      3.23
    • Energy
      3.21
    • Utilities
      1.82
    • Cash & Cash Equivalents
      1.12
    Region & Country

    Region & Country

    As of 11/30/25

    Region & Country Table
    Region & Country % Assets
    Europe ex-U.K.

    10 Countries

    52.03

    Japan

    1 Countries

    19.30

    United Kingdom

    1 Countries

    14.41

    Emerging Markets

    3 Countries

    6.03

    North America

    2 Countries

    2.88

    Asia/Pacific ex-Japan

    2 Countries

    2.77

    Developed - Middle East/Africa

    1 Countries

    1.47

    Cash & Cash Equivalents

    1 Countries

    1.12

    By Country Table
    By Country

    Top Country Weightings (%)

    As of 11/30/25

    • Japan
      19.30
    • France
      18.23
    • United Kingdom
      14.41
    • Switzerland
      12.11
    • Germany
      8.01
    • Ireland
      3.89
    • Italy
      2.72
    • Taiwan
      2.62
    • Canada
      2.62
    • China
      2.45

    Fees

    • 0.64

      % Net Expense Ratio

    • 0.65

      % Gross Expense Ratio

    • -

      Maximum Sales Charge

    Resources

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