GW&K International Small Cap Fund  (MECAX)

Fund Overview

Fund Overview

Share Class

N

NAV | as of 09/17/2021

$53.80
-$0.53 (-0.98%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 04/01/1996 to 08/31/2021 = $112,497.30

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

Seeks long-term capital appreciation.

Why Consider

  • International small cap securities broaden the global investment opportunity set and provide diversification benefits
  • Bottom-up research seeks to identify companies trading at attractive prices, that are often under-researched or under-owned by other institutional investors
  • Portfolio of well-managed companies with potential to generate consistent and sustainable earnings growth
Daniel L. Miller, CFA

Daniel L. Miller, CFA

Partner and Director of Equities

See Our Approach Read Bio
Karl M. Kyriss, CFA

Karl M. Kyriss, CFA

Partner and Portfolio Manager

See Our Approach Read Bio
Reid T. Galas, CFA

Reid T. Galas, CFA

Parter and Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.27%
  • Net Expense Ratio: 1.14%
  • Expense Cap Expiration Date: 10/01/2022

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 16, 2019 $0.005900 $0.005900
      Dec 27, 2018 $4.530900 $0.448200 $4.082700
      Dec 13, 2007 $2.750510 $0.135430 $2.615080
      Dec 14, 2006 $2.374850 $0.537390 $1.837460
      Dec 13, 2005 $1.923420 $0.232370 $1.691050
      Dec 14, 2004 $2.172870 $0.608810 $1.564060
      Dec 15, 2003 $1.824000 $1.187720 $0.636280
      Dec 12, 2002 $2.249360 $0.254520 $1.994840
      Dec 12, 2001 $2.697430 $2.697430
      Dec 12, 2000 $2.601640 $2.601640
      Dec 11, 1998 $0.626000 $0.626000
      Dec 5, 1997 $2.615070 $1.077260 $1.537810
      Dec 13, 1996 $2.031950 $2.031950

Risk & Return Stats

As of: 08/31/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 06/30/2021

Kitron ASA 2.11%
SITC International Holdings Co Ltd 2.07%
UT Group Co Ltd 1.87%
Hardwoods Distribution Inc 1.79%
GMO Pepabo Inc 1.74%
Asahi Holdings Inc 1.65%
Digital Hearts Holdings Co Ltd 1.65%
Omni Bridgeway Ltd 1.59%
VIB Vermoegen AG 1.54%
Micro-Star International Co Ltd 1.54%
% in Top 10 Holdings 17.55%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 06/30/2021

Investment Approach

Investment Approach

GW&K International Small Cap Fund

The Fund seeks to outperform the MSCI World ex USA Small Cap Index over a market cycle by investing in a diversified portfolio of international small cap stocks that are well-managed, and demonstrate consistent, long-term, sustainable earnings growth. GW&K’s Global Equity investment team applies bottom-up research and a strong valuation discipline to identify companies that can grow earnings and recognize value over the long-term. The large universe of international small cap companies allows GW&K the ability to construct a portfolio of undervalued, underappreciated, or misunderstood companies in any market environment.


A World of Opportunity: Surveying the Global Equity Investing Landscape

 
The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals.
Read More

About

About GW&K Investment Management

Background

GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity and fixed income investment solutions to help meet the needs of a diverse client base. GW&K’s founding principles of applying rigorous fundamental research, focusing on quality and maintaining a long-term view still guide its investment process today.

Learn More

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Founded

1974


Headquarters

Boston, MA


Affiliate Since

2008

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