International Strategic Equities Portfolio
Actively managed developed international stock fund
As of its 2026 Q2 report, International Strategic Equities Portfolio held 118 positions with $11.55B in net assets. Its ten largest holdings made up 32.7% of the fund. The STESX share class costs 0.93% a year. Over the 12 months to May 2026, STESX returned 45.9%, with dividends reinvested. In 2026 Q2 it added 68 new positions and exited 80.
The Portfolios investment objective is to provide long-term growth of capital.
The fund invests at least 65% of assets in equity securities of large-cap and mid-cap companies in countries outside the U.S. that comprise the MSCI All Country World Index ex USA, using fundamental and quantitative research to select holdings and allocate across geographies and sectors. The manager is not required to track the index proportionally and may invest in countries outside it, so fund performance may diverge from the benchmark. The fund may employ currency hedging strategies and use derivatives including futures and options to manage exposure.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 7.65% | $883.81M | 11.2M | $78.89 |
Samsung Electronics Co Ltd | 4.78% | $551.96M | 2.5M | $221.90 |
SK hynix Inc | 4.03% | $465.87M | 264.0K | $1,764.58 |
NN Group NV | 2.93% | $338.96M | 3.9M | $87.67 |
Prysmian SpA | 2.84% | $328.06M | 1.9M | $168.34 |
Shell PLC | 2.69% | $310.69M | 8.0M | $38.85 |
Alliance Bernstein | 2.31% | $266.89M | — | — |
ASML Holding NV | 1.89% | $218.47M | 110.3K | $1,980.18 |
BAE Systems PLC | 1.83% | $211.72M | 8.6M | $24.51 |
ABB Ltd | 1.78% | $205.93M | 1.9M | $108.78 |
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 118 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 | 97.79% |
| Cash & short-term | 2.31% |
| Derivatives | 0.06% |
Derivatives are shown at market value, not notional exposure.
How it has done
STESX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.56%. 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.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.93% | +45.89% | +111.85% | +82.13% | -10.66% | |
| 0.70% | +46.15% | +113.41% | +84.23% | -10.55% | |
| 0.71% | +46.11% | +113.31% | +84.14% | -10.53% |
These classes hold the same portfolio, so the 2.10pp spread over 5 years is the cost difference between them — roughly 0.42pp a year — not a difference in what they own.
Fees & fund details
International Strategic Equities 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
- 0.70% – 0.93%· STESX 0.93%
- Portfolio turnover
- 94.00% a year · as of 2026 Q1
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.
68 new· the largest 8
80 exited· the largest 8
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