World ex U.S. Core Equity Portfolio
Actively managed developed international stock fund
As of its 2026 Q2 report, World ex U.S. Core Equity Portfolio held 10,782 positions with $5.36B in net assets. Its ten largest holdings made up 15.0% of the fund. The fund costs 0.3% a year. Over the 12 months to May 2026, it returned 33.9%, with dividends reinvested. In 2026 Q3 it added 361 new positions and exited 487.
The investment objective of the World ex U.S. Core Equity Portfolio (the Portfolio) is to achieve long-term capital appreciation.
The fund invests in a broad universe of non-U.S. equities weighted by market capitalization, but tilts meaningfully toward smaller companies, lower relative price (value), and higher profitability compared to their weight in the broader market. The fund's active tilts toward value and profitability characteristics, combined with its use of shorter-term factors like price momentum to adjust positions, mean its returns will diverge from a market-cap-weighted index of non-U.S. stocks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Dimensional Holdings Inc. | 4.35% | $233.52M | — | — |
The DFA Investment Trust Company | 4.31% | $231.29M | 20.0M | $11.57 |
Taiwan Semiconductor Manufacturing Co Ltd | 1.51% | $81.22M | 1.2M | $69.42 |
Samsung Electronics Co Ltd | 1.24% | $66.23M | 439.8K | $150.59 |
TSMTaiwan Semiconductor Manufacturing Co Ltd | 0.76% | $40.98M | 103.5K | $396.06 |
SK hynix Inc | 0.68% | $36.47M | 40.9K | $891.77 |
ASML Holding NV | 0.59% | $31.80M | 22.1K | $1,438.99 |
TotalEnergies SE | 0.59% | $31.54M | 339.2K | $92.97 |
Tencent Holdings Ltd | 0.48% | $25.51M | 420.1K | $60.73 |
RYRoyal Bank of Canada | 0.46% | $24.44M | 135.8K | $179.91 |
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.
The 200 largest of 10,782 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 | 103.01% |
| Cash & short-term | 4.36% |
| Derivatives | 0.10% |
These positions come to 107.47% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
How it has done
C000123798 share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.48%. Past returns are a record, not a forecast.
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
World ex U.S. Core 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
- 0.30%
- Portfolio turnover
- 8.00% 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.
361 new· the largest 8
487 exited· the largest 7
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