Non-U.S. Small-Mid Cap

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

SICAVs only available in certain non-U.S. countries. Please check country availability.

Available Vehicles Separate Account
Mutual Fund
Investment Universe Non-U.S. Small-Mid Cap Equity
Benchmark MSCI All Country World ex-U.S. Mid Cap Index
Inception Date 05/01/1994
Total Assets $365.99 M

TARGET

Tracking Error 6% - 8% over a standard market cycle
Excess Return 3% - 4% over a standard market cycle

INVESTMENT TEAM

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Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Trevor Gurwich

Federico Laffan

Pratik Patel

5 Investment Analysts

3 Client Portfolio Managers

Documents & Resources

RFI 

 

The Non-U.S. Small-Mid Cap strategy seeks to invest in companies demonstrating accelerating growth with small- to mid-sized market capitalizations located primarily in non-U.S. markets.

  • Centers on the belief that accelerating growth in earnings and revenues, rather than the absolute level of growth, is more highly correlated to stock price performance.
  • Directs us to research different companies than other growth managers, as we do not require an absolute threshold of earnings or revenue growth.
  • Allows us to take advantage of both the normal price appreciation that results from a company’s earnings growth and the market’s re-rating of a company’s price-to-earnings multiple.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR*
Non-U.S. Small-Mid Cap (gross) -22.75% -24.91% -24.91% 0.95% 1.26% 8.80%
Non-U.S. Small-Mid Cap (net) -23.10% -25.97% -25.97% -0.41% -0.10% 7.42%
Standard Deviation --- --- 16.92% 15.24% 13.84% 18.34%
Sharpe Ratio --- --- -1.58 0.00 0.05 0.46
MSCI AC World ex USA Mid Cap Growth -14.83% -16.65% -16.65% 3.20% 1.95% 7.74%
Excess Return -7.93% -8.26% -8.26% -2.25% -0.69% 1.06%
Tracking Error --- --- 5.89% 5.81% 5.59% 5.99%
Information Ratio --- --- -1.40 -0.39 -0.12 0.18

*Annualized

Sources: MSCI Inc., FactSet

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The Non-U.S. Small-Mid Cap Equity composite includes portfolios that invest in the securities of companies of small-to-medium sized non-U.S. companies in primarily developed countries. Index futures (and currency forwards and futures, where applicable or appropriate) are occasionally used to equitize cash and manage portfolio risk. Other derivative instruments may be used, as allowed, as part of the investment strategy. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.

Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.