SNY - Dodge & Cox International Stock Fund Q4 2024 Shareholder Letter
2025-01-23 00:50:00 ET
Summary
- After performing strongly in the first nine months of 2024, international equity markets declined in the fourth quarter: the MSCI ACWI ex USA was down 7.6%.
- Amid heightened macroeconomic uncertainty and geopolitical unrest, we continue to focus on uncovering attractive investment opportunities through our fundamental, bottom-up research and strict price discipline.
- We significantly trimmed the Fund’s holdings in Financials and Energy on strength, reducing the Fund’s overweight positions in these sectors.
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 |
-8.50 |
3.80 |
3.80 |
4.13 |
5.06 |
4.37 |
5.54 |
International Stock Fund — Class X |
-8.48 |
3.91 |
3.91 |
4.22 |
5.12 |
4.39 |
5.56 |
MSCI ACWI ex USA Index |
-7.60 |
5.53 |
5.53 |
0.82 |
4.10 |
4.80 |
4.97 |
MSCI EAFE Index |
-8.11 |
3.82 |
3.82 |
1.65 |
4.73 |
5.20 |
4.81 |