6 9

International Equity Fund

MIEIX
$ 39.61
$0.88 As of 10/10/25
$30.3B
As of 09/30/25
Morningstar
View Overall Morningstar Ratings Information

International Equity Fund

MIEIX
$0.88 As of 10/10/25
As of 09/30/25
MIEIX
$ 39.61
$0.88 As of 10/10/25
$30.3B
As of 09/30/25
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 09/30/25 $30363.73
  • 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 0.7%
  • Net Expense Ratio 0.69%

Managers

Top 10 Holdings

As of 09/30/25

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

Performance

Average Annual Total Returns

Average Annual Total Returns (%)

Monthly | Quarterly

As of 09/30/25

(*YTD Updated Daily, As of 10/12/25 , 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 10/13/25

    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 09/30/25

    Holding Characteristics

    As of 09/30/25

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 16.05x
    Weighted Average Price/Cash Flow 11.92x
    Weighted Average Price/Sales 1.80x
    Weighted Average Price/Book 2.33x
    Weighted Average IBES Long Term EPS Growth 9.72%
    Weighted Average Market Cap $144.1b
    Weighted Median Market Cap $78.4b
    Number of Issues 77
    % in Stocks 99.00%
    % Cash & Cash Equivalents 1.00%
    % in Top Ten 24.86%

    Performance Statistics

    Updated Monthly As of 09/30/25

    Benchmark
    MSCI EAFE (Europe, Australasia, Far East) Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha 1.46 -0.35 -1.98
    Beta 0.95 0.99 1.02
    R-squared 94.69 94.68 93.12
    Standard Deviation % 14.67 16.19 14.36
    Sharpe Ratio 0.50 0.46 1.04
    Tracking Error 3.45 3.74 3.78
    Information Ratio 0.34 -0.16 -0.51
    Treynor Ratio 7.62 7.62 14.54

    Top 10 Holdings

    As of 09/30/25

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

    Type Of Holdings (%)

    As of 09/30/25

    Sector Weights (%)

    As of 09/30/25

    •  % Assets
    • Financials
      22.86
    • Industrials
      21.32
    • Consumer Discretionary
      12.46
    • Health Care
      10.72
    • Information Technology
      9.67
    • Consumer Staples
      8.80
    • Materials
      5.29
    • Communication Services
      3.65
    • Energy
      2.69
    • Utilities
      1.55
    • Cash & Cash Equivalents
      1.00
    Region & Country

    Region & Country

    As of 09/30/25

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

    10 Countries

    51.75

    Japan

    1 Countries

    18.97

    United Kingdom

    1 Countries

    14.41

    Emerging Markets

    3 Countries

    6.20

    North America

    2 Countries

    3.63

    Asia/Pacific ex-Japan

    2 Countries

    2.62

    Developed - Middle East/Africa

    1 Countries

    1.43

    Cash & Cash Equivalents

    1 Countries

    1.00

    By Country Table
    By Country

    Top Country Weightings (%)

    As of 09/30/25

    • Japan
      18.97
    • France
      17.88
    • United Kingdom
      14.41
    • Switzerland
      12.48
    • Germany
      8.50
    • Canada
      3.33
    • Ireland
      2.95
    • Italy
      2.81
    • China
      2.71
    • Taiwan
      2.58

    Fees

    • 0.69

      % Net Expense Ratio

    • 0.70

      % Gross Expense Ratio

    • -

      Maximum Sales Charge

    Resources

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