International Equity Portfolio
Actively managed developed international stock fund
As of its 2026 Q2 report, International Equity Portfolio held 94 positions with $2.55B in net assets. Its ten largest holdings made up 30.6% of the fund. The fund costs 0.68% a year. Over the 12 months to May 2026, it returned 30.1%, with dividends reinvested. In 2026 Q2 it added 3 new positions and exited 7.
The investment objective of the Portfolio is long-term growth of capital and income.
The fund invests at least 80% of assets in equity securities of issuers from at least three different countries outside the U.S., typically medium-to-large capitalization companies that appear temporarily undervalued with favorable long-term growth prospects. The adviser evaluates companies based on financial fundamentals including earnings, cash flow, and dividends, alongside financial strength, competitive position, management quality, and material ESG factors, while also assessing the political and economic stability of each issuer's home country. Emerging market investments are normally limited to 30% of net assets. The fund may use currency forward contracts to hedge foreign currency exposure.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 4.77% | $121.82M | 1.6M | $76.79 |
BNP Paribas SA | 3.61% | $92.26M | 789.4K | $116.88 |
Johnson Controls International plc | 3.50% | $89.46M | 612.3K | $146.11 |
Infineon Technologies AG | 3.03% | $77.51M | 830.3K | $93.36 |
SK hynix Inc | 2.94% | $75.16M | 42.6K | $1,764.32 |
Banco Santander SA | 2.94% | $75.06M | 5.4M | $13.83 |
Barclays PLC | 2.70% | $68.95M | 10.3M | $6.72 |
GSK PLC | 2.45% | $62.54M | 2.4M | $26.24 |
UBS Group AG | 2.36% | $60.20M | 1.2M | $49.54 |
Itau Unibanco Holding SA | 2.25% | $57.53M | 7.0M | $8.17 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 94 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.95% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 78.1%
- Financials
- 10.6%
- Consumer Discretionary
- 3.4%
- Health Care
- 2.9%
- 6 other sectors
- 5.0%
- International
- 78.1%
- Financials
- 10.6%
- Consumer Discretionary
- 3.4%
- Health Care
- 2.9%
- Industrials
- 2.6%
- Real Estate
- 1.0%
- Materials
- 0.9%
- Information Technology
- 0.4%
- Other
- 0.1%
- Communication Services
- 0.0%
How it has done
C000000087 share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.76%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
International Equity Portfolio is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.68%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
7 exited· the largest 6
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