International Equity
| A | I | |
|---|---|---|
| CUSIP | 76628R839 | 76628R847 |
| Ticker | SCIIX | STITX |
| Share Class Inception | 1/2/1996 | 1/31/1995 |
| Exp Ratio | 1.63 | 1.33 |
| NAV | 9.92 | 10.04 |
| POP | 10.53 | 10.04 |
| NAV Change |  0.04 | 0.04 |
Performance inception and share class inception for this fund differs as performance inception includes the performance of other classes of the Fund and/or predecessors of the Fund.
Subadvisor
Complementary Fund
Morningstar Ratings as of 7/31/10
I Shares received a 3-star rating for overall performance, 3 stars for 3-year performance among 651 funds, 3 stars for 5-year performance among 473 funds and 3 stars for 10-year performance among 261 funds.
Peer Group Categories
Morningstar: Foreign Large Blend
Lipper: International Large Cap Core Funds
Fund Resources
- Fact Sheet (PDF | 498 KB)
- Commentary (PDF | 441 KB)
- Strategy Highlight (PDF | 137 KB)
- Prospectus (PDF | 1 MB)
- Annual Report (PDF | 1 MB)
- Semi-annual Report (PDF | 705 KB)
- SAI (PDF | 1 MB)
International Equity Strategy
What are the principles that have enabled the strategy to be successful?
Focus on Earnings Growth and Relative Valuation — in regions and sectors where companies have similar valuations, the process seeks those companies with the highest earnings growth. In areas where earnings growth is similar, the process seeks the companies with the best relative valuation.
Sector-Specific Models for each Region — proprietary multi-factor sector models are tailored to each region, as history shows that characteristics of successful companies in a particular sector have often varied across regions. For example, successful Financial Services companies in Europe and Japan could have very different balance sheet structures and financial ratios.
Region Neutral — the goal is to build a diversified portfolio of the strongest companies within each region, and have region allocations that are similar to the benchmark. Since currency has often been a major component of total return, this approach is designed to diversify the portfolio away from short term currency fluctuations which are difficult to predict.
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