Multi-Manager International Equity Fund
Actively managed developed international stock fund
The Multi-Manager International Equity Fund (the Fund) seeks to provide long-term capital growth.
The fund allocates its assets among multiple unaffiliated underlying managers, each of whom independently selects non-U.S. equity securities using its own investment process; the investment adviser oversees manager selection and asset allocation across the portfolio. Because each underlying manager acts with discretion over its portion of assets, the fund's performance may diverge from its benchmark, the MSCI EAFE Index. The fund may use leverage, derivatives, and currency management techniques, and may hold significant amounts of cash and short-term investments as a result.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Goldman Sachs Financial Square Government Fund | 4.30% | $79.80M | 79.8M | $1.0000 |
Taiwan Semiconductor Manufacturing Co Ltd | 3.45% | $64.08M | 923.1K | $69.42 |
Rolls-Royce Holdings PLC | 2.86% | $53.16M | 3.3M | $16.09 |
Siemens Energy AG | 2.41% | $44.71M | 211.0K | $211.92 |
Roche Holding AG | 1.80% | $33.46M | 82.1K | $407.50 |
BNP Paribas SA | 1.71% | $31.68M | 301.6K | $105.02 |
SAP SE | 1.58% | $29.40M | 175.1K | $167.89 |
Tencent Holdings Ltd | 1.57% | $29.11M | 479.3K | $60.73 |
Novartis AG | 1.52% | $28.20M | 190.8K | $147.79 |
Kering SA | 1.46% | $27.07M | 98.4K | $275.11 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 157 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 | 99.36% |
How it has done
MMITX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.87%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are 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
Multi-Manager International Equity Fund 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
- 0.57%· MMITX 0.57%
- Portfolio turnover
- 43.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
9 new· the largest 8
17 exited· the largest 8
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