International Equity Index
| A | I | |
|---|---|---|
| CUSIP | 76628R797 | 76628R813 |
| Ticker | SIIIX | SIEIX |
| Share Class Inception | 6/6/1994 | 6/6/1994 |
| Exp Ratio | 0.97 | 0.67 |
| NAV | 11.76 | 11.88 |
| POP | 12.48 | 11.88 |
| NAV Change |  0.05 | 0.05 |
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 Multi-Cap Core Funds
Fund Resources
- Fact Sheet (PDF | 501 KB)
- Commentary (PDF | 432 KB)
- Strategy Highlight (PDF | 133 KB)
- Prospectus (PDF | 1 MB)
- Annual Report (PDF | 1 MB)
- Semi-annual Report (PDF | 705 KB)
- SAI (PDF | 1 MB)
International Equity Index Strategy
What principles have enabled the strategy to be successful?
Stratified sampling – a stratified sampling methodology is employed to select stocks for the portfolio, avoiding those names whose market-cap or trading liquidity make them inefficient holdings. This selection process has the potential to improve the quality and practicality of the basket of selected stocks.
Multi-factor risk model – the investment team sets country weights of the portfolio equal to the country weights of the index. They then set a bound of +/- 1% on the sector weights of each country portfolio relative to the sector weights of the respective country index. The optimized portfolio is designed to minimize the variance of returns.
Minimized tracking error – the team strives to minimize turnover and transaction costs by avoiding illiquid securities and unnecessary trading. The team’s efficient management of transactions helps minimize undesired tracking error.
Click here for disclosures and more information on investment risks.
