XP - Dodge & Cox International Stock Fund Q2 2024 Shareholder Letter
2024-08-01 07:20:00 ET
Summary
- After performing well in the first quarter of 2024, international equity markets appreciated modestly in the second quarter of 2024: the MSCI ACWI ex USA was up 1.0%.
- Our investment strategy focuses on finding attractively valued opportunities through fundamental, bottom-up research and a strict price discipline.
- During the second quarter, we trimmed the Fund’s European Financials and Energy holdings on strength and redeployed the proceeds across a variety of sectors, including Industrials, Consumer Staples, and Consumer Discretionary.
Performance[1]
Total Returns (%) Average Annual Total Returns
3 Months |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
20 Years |
International Stock Fund — Class I |
0.02 |
3.15 |
8.72 |
3.57 |
6.71 |
3.52 |
6.49 |
International Stock Fund — Class X |
0.04 |
3.22 |
8.83 |
3.64 |
6.76 |
3.54 |
6.50 |
MSCI ACWI ex USA Index |
0.96 |
5.69 |
11.62 |
0.46 |
5.55 |
3.84 |
5.78 |
MSCI EAFE Index |
-0.42 |
5.34 |
11.54 |
2.89 |
6.46 |
4.33 |
5.63 |