Investment Objective

To maximize long-term growth by investing principally in the common stocks of companies located around the world.

Investment Strategy

The Series may invest in stocks of companies both in developed countries and in emerging market countries. The maximum allocation to any one country, measured at the time of purchase, is the higher of 15% or double the country’s weighting in the MSCI (EAFE) Index. Total holdings in emerging market countries are limited to 35% of the portfolio measured at the time of purchase.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Daily Price

$22.82

Daily $ Change

-$0.41

Daily % Change

-1.80%

as of 10/18/2018

Ticker

MNOSX

CUSIP

56382R480

Inception Date

09/21/2018

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Performance

As of 09/30/2018

YTD

-2.22%

1 Year

0.37%

3 Year

9.33%

5 Year

2.20%

10 Year

3.72%

Inception
(09/23/1998)

7.20%

International Market Cycle (04/01/2003 - 09/30/2018)

8.35%

Inception performance is based on the Overseas Series Class I inception of 09/23/1998. For periods through 09/21/2018 (the inception date of the Class S shares), performance for the Class S shares is hypothetical and is based on the historical performance of the Class I shares adjusted for the Class S shares’ charges and expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.06%
Net 1.05%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/28/2019) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 09/30/2018

NOVARTIS AG- REG 4.46%
UNILEVER PLC - ADR 4.38%
SCHLUMBERGER LTD 3.88%
ANHEUSER-BUSCH INBEV SA/NV 3.74%
AMDOCS LTD 3.65%
DIAGEO PLC 3.51%
MEDTRONIC INC 3.40%
NESTLE SA-REGISTERED 3.37%
AKZO NOBEL 3.18%
SOLVAY SA 3.03%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 09/30/2018

Consumer Discretionary 8.22%
Consumer Staples 23.41%
Energy 4.98%
Financials 10.12%
Health Care 14.13%
Industrials 12.04%
Information Technology 6.10%
Materials 10.63%
Real Estate 1.52%
Communication Services 8.85%

Country Allocation

As of 09/30/2018

United Kingdom 17.80%
Netherlands 12.07%
Switzerland 9.73%
France 8.15%
Ireland 7.31%
Canada 7.03%
China 6.96%
Belgium 6.77%
Spain 6.65%
Japan 3.59%
Germany 3.33%
Mexico 3.30%
Brazil 1.93%
Italy 1.42%
Bermuda 1.16%
Denmark 0.80%
Finland 0.78%
Sweden 0.75%
Argentina 0.47%

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0045614 ANTOFAGASTA PLC GB ANTO LN 356,745 $3,964,298.94
01609W102 ALIBABA GROUP - ADR CN BABA 124,715 $20,548,043.40
02319V103 AMBEV SA-ADR BR ABEV 3,625,746 $16,569,659.22
0237400 DIAGEO PLC GB DGE LN 850,480 $30,131,046.92
0263494 BAE SYSTEMS PLC GB BA/ LN 2,145,535 $17,593,420.56
0946580 WEIR GROUP PLC/THE GB WEIR LN 682,921 $15,667,543.99
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 354,730 $16,541,059.90
13321L108 CAMECO CORP CA CCJ 825,625 $9,412,125.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 314,985 $3,587,217.40
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 2,719,400 $9,310,246.77
262006208 DREYFUS GVT CSH MANAGEMENT US 16,882,903.76 $16,882,903.76
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 1,563,400 $4,499,557.76
2715777 QUEBECOR INC -CL B CA QBR/B CN 553,963 $11,107,994.97
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 580,520 $11,312,420.86
2866857 LUNDIN MINING CORP CA LUN CN 812,518 $4,302,731.48
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 64,335 $7,024,095.30
4741844 MERCK KGAA DE MRK GR 22,695 $2,344,861.27
4821100 SOLVAY SA BE SOLB BB 193,855 $25,986,967.35
5107401 BEIERSDORF AG DE BEI GR 148,181 $16,703,445.46
5263574 FLSMIDTH & CO A/S DK FLS DC 110,300 $6,858,748.48
5458314 AKZO NOBEL NL AKZA NA 291,310 $27,250,084.57
5474008 BANKINTER S.A. ES BKT SM 1,701,730 $15,631,783.67
550021109 LULULEMON - ADR CA LULU 126,675 $20,583,420.75
5713422 METSO OYJ FI METSO FH 189,835 $6,718,667.50
5852842 ACCOR SA FR AC FP 323,378 $16,612,522.10
64110W102 NETEASE.COM INC- ADR CN NTES 56,580 $12,914,385.00
6490995 KEYENCE CORP JP 6861 JP 19,400 $11,269,205.60
66987V109 NOVARTIS AG- REG CH NVS 443,655 $38,225,314.80
6742340 SHANDONG WEIGAO CN 1066 HK 5,136,000 $5,068,269.24
7123870 NESTLE SA-REGISTERED CH NESN SW 347,280 $28,906,415.56
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 83,810 $8,049,112.40
806857108 SCHLUMBERGER LTD NL SLB 546,940 $33,319,584.80
904767704 UNILEVER PLC - ADR GB UL 683,020 $37,545,609.40
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,047,000 $7,482,967.30
B1XH026 VINCI SA FR DG FP 188,435 $17,927,657.42
B1Y9TB3 DANONE FR BN FP 287,510 $22,343,881.59
B283W97 CAIXABANK S.A ES CABK SM 3,580,830 $16,285,324.15
B4R2R50 JULIUS BAER CH BAER SW 327,220 $16,353,187.93
B4YVF56 BRENNTAG AG DE BNR GR 154,087 $9,502,766.00
B63QM77 NEXON CO LTD JP 3659 JP 1,490,900 $19,488,313.17
BD4TZK8 OCI NV NL OCI NA 385,625 $12,328,337.99
BDZV116 EPIROC AB-A SE EPIA SS 578,430 $6,462,868.67
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 64,795 $13,052,725.97
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 517,700 $21,138,119.70
BNGN9Z1 FINECOBANK SPA IT FBK IM 914,565 $12,195,626.43
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 290,360 $8,772,222.66
BYXS699 QIAGEN N.V. NL QIA GR 321,782 $12,186,689.72
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 366,700 $32,099,270.49
BZ3C3Q4 BANKIA SA ES BKIA SM 4,198,096.25 $16,388,158.18
G02602103 AMDOCS LTD GG DOX 474,831 $31,329,349.38
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 191,490 $9,930,671.40
G27358103 DESPEGAR.COM CORP AR DESP 237,835 $4,012,276.45
G5960L103 MEDTRONIC INC IE MDT 296,880 $29,204,085.60
G97822103 PERRIGO CO PLC IE PRGO 359,290 $25,437,732.00
N47279109 INTERXION HOLDING NV NL INXN 144,365 $9,715,764.50
N72482123 QIAGEN N.V. ADR NL QGEN 230,084 $8,715,581.92

Investments will change over time.

Distributions

  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.

Daily Price

$22.82

Daily $ Change

-$0.41

Daily % Change

-1.80%

as of 10/18/2018

Ticker

MNOSX

CUSIP

56382R480

Inception Date

09/21/2018

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Investment Objective

To maximize long-term growth by investing principally in the common stocks of companies located around the world.

Investment Strategy

The Series may invest in stocks of companies both in developed countries and in emerging market countries. The maximum allocation to any one country, measured at the time of purchase, is the higher of 15% or double the country’s weighting in the MSCI (EAFE) Index. Total holdings in emerging market countries are limited to 35% of the portfolio measured at the time of purchase.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Performance

As of 09/30/2018

YTD

-2.22%

1 Year

0.37%

3 Year

9.33%

5 Year

2.20%

10 Year

3.72%

Inception
(09/23/1998)

7.20%

International Market Cycle (04/01/2003 - 09/30/2018)

8.35%

Inception performance is based on the Overseas Series Class I inception of 09/23/1998. For periods through 09/21/2018 (the inception date of the Class S shares), performance for the Class S shares is hypothetical and is based on the historical performance of the Class I shares adjusted for the Class S shares’ charges and expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.06%
Net 1.05%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated prior to the expiration date (02/28/2019) without the approval of the Fund's Board of Directors.

Top Ten Investments

As of 09/30/2018

NOVARTIS AG- REG 4.46%
UNILEVER PLC - ADR 4.38%
SCHLUMBERGER LTD 3.88%
ANHEUSER-BUSCH INBEV SA/NV 3.74%
AMDOCS LTD 3.65%
DIAGEO PLC 3.51%
MEDTRONIC INC 3.40%
NESTLE SA-REGISTERED 3.37%
AKZO NOBEL 3.18%
SOLVAY SA 3.03%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 09/30/2018

Consumer Discretionary
8.22%
Consumer Staples
23.41%
Energy
4.98%
Financials
10.12%
Health Care
14.13%
Industrials
12.04%
Information Technology
6.10%
Materials
10.63%
Real Estate
1.52%
Communication Services
8.85%

Country Allocation

As of 09/30/2018

United Kingdom
17.80%
Netherlands
12.07%
Switzerland
9.73%
France
8.15%
Ireland
7.31%
Canada
7.03%
China
6.96%
Belgium
6.77%
Spain
6.65%
Japan
3.59%
Germany
3.33%
Mexico
3.30%
Brazil
1.93%
Italy
1.42%
Bermuda
1.16%
Denmark
0.80%
Finland
0.78%
Sweden
0.75%
Argentina
0.47%

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0045614 ANTOFAGASTA PLC GB ANTO LN 356,745 $3,964,298.94
01609W102 ALIBABA GROUP - ADR CN BABA 124,715 $20,548,043.40
02319V103 AMBEV SA-ADR BR ABEV 3,625,746 $16,569,659.22
0237400 DIAGEO PLC GB DGE LN 850,480 $30,131,046.92
0263494 BAE SYSTEMS PLC GB BA/ LN 2,145,535 $17,593,420.56
0946580 WEIR GROUP PLC/THE GB WEIR LN 682,921 $15,667,543.99
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 354,730 $16,541,059.90
13321L108 CAMECO CORP CA CCJ 825,625 $9,412,125.00
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 314,985 $3,587,217.40
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 2,719,400 $9,310,246.77
262006208 DREYFUS GVT CSH MANAGEMENT US 16,882,903.76 $16,882,903.76
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 1,563,400 $4,499,557.76
2715777 QUEBECOR INC -CL B CA QBR/B CN 553,963 $11,107,994.97
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 580,520 $11,312,420.86
2866857 LUNDIN MINING CORP CA LUN CN 812,518 $4,302,731.48
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 64,335 $7,024,095.30
4741844 MERCK KGAA DE MRK GR 22,695 $2,344,861.27
4821100 SOLVAY SA BE SOLB BB 193,855 $25,986,967.35
5107401 BEIERSDORF AG DE BEI GR 148,181 $16,703,445.46
5263574 FLSMIDTH & CO A/S DK FLS DC 110,300 $6,858,748.48
5458314 AKZO NOBEL NL AKZA NA 291,310 $27,250,084.57
5474008 BANKINTER S.A. ES BKT SM 1,701,730 $15,631,783.67
550021109 LULULEMON - ADR CA LULU 126,675 $20,583,420.75
5713422 METSO OYJ FI METSO FH 189,835 $6,718,667.50
5852842 ACCOR SA FR AC FP 323,378 $16,612,522.10
64110W102 NETEASE.COM INC- ADR CN NTES 56,580 $12,914,385.00
6490995 KEYENCE CORP JP 6861 JP 19,400 $11,269,205.60
66987V109 NOVARTIS AG- REG CH NVS 443,655 $38,225,314.80
6742340 SHANDONG WEIGAO CN 1066 HK 5,136,000 $5,068,269.24
7123870 NESTLE SA-REGISTERED CH NESN SW 347,280 $28,906,415.56
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 83,810 $8,049,112.40
806857108 SCHLUMBERGER LTD NL SLB 546,940 $33,319,584.80
904767704 UNILEVER PLC - ADR GB UL 683,020 $37,545,609.40
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 1,047,000 $7,482,967.30
B1XH026 VINCI SA FR DG FP 188,435 $17,927,657.42
B1Y9TB3 DANONE FR BN FP 287,510 $22,343,881.59
B283W97 CAIXABANK S.A ES CABK SM 3,580,830 $16,285,324.15
B4R2R50 JULIUS BAER CH BAER SW 327,220 $16,353,187.93
B4YVF56 BRENNTAG AG DE BNR GR 154,087 $9,502,766.00
B63QM77 NEXON CO LTD JP 3659 JP 1,490,900 $19,488,313.17
BD4TZK8 OCI NV NL OCI NA 385,625 $12,328,337.99
BDZV116 EPIROC AB-A SE EPIA SS 578,430 $6,462,868.67
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 64,795 $13,052,725.97
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 517,700 $21,138,119.70
BNGN9Z1 FINECOBANK SPA IT FBK IM 914,565 $12,195,626.43
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 290,360 $8,772,222.66
BYXS699 QIAGEN N.V. NL QIA GR 321,782 $12,186,689.72
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 366,700 $32,099,270.49
BZ3C3Q4 BANKIA SA ES BKIA SM 4,198,096.25 $16,388,158.18
G02602103 AMDOCS LTD GG DOX 474,831 $31,329,349.38
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 191,490 $9,930,671.40
G27358103 DESPEGAR.COM CORP AR DESP 237,835 $4,012,276.45
G5960L103 MEDTRONIC INC IE MDT 296,880 $29,204,085.60
G97822103 PERRIGO CO PLC IE PRGO 359,290 $25,437,732.00
N47279109 INTERXION HOLDING NV NL INXN 144,365 $9,715,764.50
N72482123 QIAGEN N.V. ADR NL QGEN 230,084 $8,715,581.92

Investments will change over time.

Distributions

  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.


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