6 9

International Equity Fund

MIEIX
$ 39.26
$0.23 As of 06/16/25
$27.6B
As of 05/31/25
Morningstar
View Overall Morningstar Ratings Information

International Equity Fund

MIEIX
$0.23 As of 06/16/25
As of 05/31/25
MIEIX
$ 39.26
$0.23 As of 06/16/25
$27.6B
As of 05/31/25
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 research platform

Fund Information

  • Fund Commencement 01/31/1996
  • Net Assets ($ M) As of 05/31/25 $27615.94
  • Fiscal Year End JUNE
  • Benchmark MSCI EAFE (Europe, Australasia, Far East) Index (net div)

Managers

Top 10 Holdings

As of 05/31/25

  • SAP SE
  • Air Liquide SA
  • Hitachi Ltd
  • Schneider Electric SE
  • Compass Group PLC
  • Roche Holding AG
  • Cie Financiere Richemont SA
  • Nestle SA
  • Deutsche Boerse AG
  • Rolls-Royce Holdings PLC

Performance

Average Annual Total Returns

Average Annual Total Returns (%)

Monthly | Quarterly

As of 03/31/25

(*YTD Updated Daily, As of 06/15/25 , 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 06/16/25

    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 05/31/25

    Holding Characteristics

    As of 05/31/25

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 16.53x
    Weighted Average Price/Cash Flow 11.94x
    Weighted Average Price/Sales 1.80x
    Weighted Average Price/Book 2.42x
    Weighted Average IBES Long Term EPS Growth 9.74%
    Weighted Average Market Cap $121.8b
    Weighted Median Market Cap $66.7b
    Number of Issues 80
    % in Stocks 98.14%
    % Cash & Cash Equivalents 1.86%
    % in Top Ten 25.03%

    Performance Statistics

    Updated Monthly As of 05/31/25

    Benchmark
    MSCI EAFE (Europe, Australasia, Far East) Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha 1.76 0.68 0.06
    Beta 0.96 0.99 1.00
    R-squared 95.11 94.89 95.39
    Standard Deviation % 14.98 16.32 16.93
    Sharpe Ratio 0.38 0.57 0.41
    Tracking Error 3.38 3.69 3.64
    Information Ratio 0.47 0.16 0.00
    Treynor Ratio 5.89 9.33 6.88

    Top 10 Holdings

    As of 05/31/25

    • SAP SE
    • Air Liquide SA
    • Hitachi Ltd
    • Schneider Electric SE
    • Compass Group PLC
    • Roche Holding AG
    • Cie Financiere Richemont SA
    • Nestle SA
    • Deutsche Boerse AG
    • Rolls-Royce Holdings PLC

    Type Of Holdings (%)

    As of 05/31/25

    Sector Weights (%)

    As of 05/31/25

    •  % Assets
    • Financials
      21.95
    • Industrials
      20.07
    • Consumer Discretionary
      12.19
    • Health Care
      11.44
    • Information Technology
      10.16
    • Consumer Staples
      9.26
    • Materials
      6.18
    • Communication Services
      2.96
    • Energy
      2.34
    • Utilities
      1.60
    • Cash & Cash Equivalents
      1.86
    Region & Country

    Region & Country

    As of 05/31/25

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

    9 Countries

    52.25

    Japan

    1 Countries

    18.71

    United Kingdom

    1 Countries

    13.79

    Emerging Markets

    4 Countries

    5.45

    North America

    2 Countries

    4.26

    Asia/Pacific ex-Japan

    2 Countries

    2.52

    Cash & Cash Equivalents

    1 Countries

    1.86

    Developed - Middle East/Africa

    1 Countries

    1.17

    By Country Table
    By Country

    Top Country Weightings (%)

    As of 05/31/25

    • Japan
      18.71
    • France
      18.24
    • United Kingdom
      13.79
    • Switzerland
      12.74
    • Germany
      9.86
    • Canada
      3.26
    • Ireland
      2.73
    • Denmark
      2.58
    • Italy
      2.43
    • China
      2.22

    Fees

    • 0.69

      % Net Expense Ratio

    • 0.70

      % Gross Expense Ratio

    • -

      Maximum Sales Charge

    Resources

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