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 |
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For further details see:
Dodge & Cox International Stock Fund Q2 2024 Shareholder Letter